Pune, March 24, 2025 (GLOBE NEWSWIRE) -- “According to SNS Insider, The Global Ventilator Market size was valued at USD 3.9 billion in 2023, is projected to reach USD 5.92 billion by 2032, growing at a CAGR of 4.76% from 2024 to 2032. This growth is primarily attributed to technological innovations and the increasing prevalence of respiratory diseases.”
Market Overview
The ventilator market has experienced significant growth owing to rising cases of respiratory ailments like chronic obstructive pulmonary disease (COPD), pneumonia, and asthma. The increase in the population of elderly patients, combined with the rise in pollution levels, has also raised the demand for ventilatory care systems. The COVID-19 pandemic put into sharp focus the importance of ventilators in emergency healthcare, with governments and healthcare institutions investing significantly in the development of respiratory care facilities.
Innovations in ventilator technology, including the inclusion of artificial intelligence (AI) and improved connectivity options, have greatly enhanced patient outcomes. Also, the increased demand for home healthcare services has increased the demand for portable ventilators, providing higher mobility and ease of use for patients who need long-term respiratory support. As innovations continue to be made, the market for ventilators is likely to continue growing, driven by both hospital-based and home-care uses.
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Major Players Analysis Listed in this Report are:
- ResMed – Astral Series, AirCurve Series, Stellar Series
- Getinge AB – Servo-u, Servo-air, Servo-n
- Koninklijke Philips N.V. – Trilogy Evo, Trilogy 100, Trilogy 200, V60, V680
- Drägerwerk AG & Co. KGaA – Evita V800, Evita XL, Savina 300, Oxylog 3000 Plus
- Baxter – Hillrom MetaNeb, Life2000 Ventilator
- Asahi Kasei Corporation
- Air Liquide – Monnal T60, Monnal T75, Monnal T50
- Flexicare (Group) Limited – VentiLogic Plus, VentiLogic LS
- Nihon Kohden Corporation – NKV-550, NKV-330
- Vyaire Medical, Inc. – Bellavista 1000, Vela, LTV Series, ReVel
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd – SV800, SV600, SV300
- Metran Co., Ltd – Mini Ventilator MVP-10, NKV-1800
- MAGNAMED – FlexiMag Plus, BabyMag, RespiraMag
- Airon Corporation – pNeuton Model A, pNeuton Model S
- TRITON Electronic Systems Ltd. – Triton AVS, Triton MVP
Ventilator Market Report Scope
| Report Attributes | Details |
| Market Size in 2023 | US$ 3.9 billion |
| Market Size by 2032 | US$ 5.92 billion |
| CAGR | CAGR of 4.76% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East]), Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Segment Analysis
By Type
Intensive care ventilators dominated the market in 2023 with a share of 65.2%, mainly because they play a critical role in treating severe respiratory diseases in hospitals. They offer accurate, controlled ventilation, which makes them a must-have in ICUs and emergency departments. The high incidence of severe respiratory diseases, coupled with technological improvements in ventilators, has fueled demand for these machines in hospital settings.
The portable ventilator market is growing at the fastest rate because it is being used more in-home care and emergency environments. The need for light, battery-powered ventilators has grown, especially among patients who need long-term respiratory support outside of conventional healthcare centers. This market is growing fast as healthcare professionals seek flexible, affordable options for treating chronic respiratory conditions.
By Age Group
Adult and pediatric ventilators captured 78.5% of the market in 2023, primarily because of the prevalence of respiratory conditions among adults. COPD, pneumonia, and post-operative respiratory complications are major drivers of ventilator demand in this category. The rise in surgeries and age-related respiratory conditions has also boosted demand.
The neonatal ventilator segment is expanding at the fastest pace, led by increasing emphasis on enhancing neonatal intensive care. Premature delivery and respiratory distress syndrome (RDS) have required sophisticated ventilatory support for neonates. Developments in neonatal ventilators, including gentle ventilation modes and enhanced oxygen management, have driven the segment's fast growth.
By Interface
Invasive ventilation led the market in 2023 with a 62.8% market share because it plays a pivotal role in saving patients with critical respiratory distress. They are utilized extensively in ICUs, surgery recovery, and emergencies when non-invasive ventilation is impossible.
The segment of non-invasive ventilation is growing most rapidly, with hospitals and home care companies looking for alternative methods of care that minimize complications related to invasive treatment. NIV is also commonly used for the management of conditions such as COPD and sleep apnea, providing enhanced patient comfort while lowering healthcare costs.
By Mode
Volume-mode ventilators dominated the market with a 55.1% share in 2023 because of their accurate control of tidal volume delivery, which provides stable oxygenation for critically ill patients. Volume-mode ventilators are crucial in ICUs, where patients need strict respiratory control.
The segment for combined-mode ventilators is expanding at the fastest rate because healthcare providers increasingly want equipment that has more than one ventilation mode to provide customized care to patients. Such ventilators are more flexible, so they can be applied to a wide variety of respiratory diseases.
By Care Setting
Hospitals and clinics accounted for 71.4% of the market in 2023, noting the high demand for ventilators in acute care facilities. Widespread utilization of ventilators across ICUs, emergency departments, and operating rooms has reinforced this segment's stronghold.
The home care segment is growing rapidly, as more patients with chronic respiratory conditions choose at-home ventilatory support. The availability of portable, user-friendly ventilators has driven this growth, enabling patients to receive high-quality respiratory care outside hospitals.
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Ventilator Market Segmentation
By Type
- Intensive Care Ventilators
- Portable/Transportable Ventilators
By Age Group
- Adult & Pediatric Ventilators
- Neonatal/Infant Ventilators
By Interface
- Hybrid Ventilation
- Non-Invasive Ventilation
- Invasive Ventilation
By Mode
- Combined-Mode Ventilators
- Volume-Mode Ventilators
- Pressure-Mode Ventilators
- Other Ventilators
By Care Setting
- Hospitals & Clinics
- Ambulatory Care Centers
- Emergency Medical Services
- Home Care Settings
Regional Analysis
In 2023, North America was the market leader with a share of 38.6% due to developed healthcare infrastructure, high incidence of respiratory diseases, and high government health expenses. The strong base of developed hospitals and increasing use of non-invasive ventilation solutions further contributed to its dominance. As of 2023.
The Asia-Pacific region is expected to grow at the fastest rate, driven by growing healthcare investments, rising awareness of respiratory conditions, and growing hospital networks. Nations such as China and India are seeing high demand for ventilators owing to air pollution and increased cases of respiratory conditions.
Recent Developments
- March 2025: Getinge introduced Neural Pressure Support (NPS) for its Servo-u ventilator system, enhancing both invasive and non-invasive ventilation. Expanding on its personalized ventilation modes, NAVA and NIV NAVA, the new NPS modes offer greater lung and diaphragm protection, giving clinicians more advanced options for tailored patient care.
- May 2024: Baxter issued a recall for its Life2000 ventilator due to a potential failure in the battery charging dongle, which could lead to device malfunction. The FDA has classified this as a high-risk recall, citing possible severe injury or death if the device continues to be used.
Statistical Insights and Trends
- Over 200 million people globally suffer from COPD, increasing the demand for ventilators in acute and chronic care settings.
- North America and Europe accounted for over 60% of ventilator prescriptions due to high healthcare accessibility and reimbursement policies.
- The total number of ventilators in use is projected to grow by 45% by 2032, driven by increasing demand in emerging economies.
- Government and private healthcare expenditures on respiratory care surged by 12% in 2023, emphasizing the importance of ventilatory support systems.
- The use of home ventilators has increased by 20% in the past five years, reflecting a shift toward decentralized patient care and telehealth services.
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Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
- Incidence and Prevalence of Respiratory Diseases (2023)
- Ventilator Prescription and Utilization Trends (2023), by Region
- Healthcare Spending on Ventilation Support, by Region (Government, Commercial, Private, Out-of-Pocket), 2023
- Pricing Trends & Cost Analysis (2020-2032)
- Technological Advancements & Innovation Trends
- Impact of Global Events on the Ventilator Market
6. Competitive Landscape
7. Ventilator Market by Type
8. Ventilator Market by Age Group
9. Ventilator Market by Interface
10. Ventilator Market by Mode
11. Ventilator Market by Care Setting
12. Regional Analysis
13. Company Profiles
14. Use Cases and Best Practices
15. Conclusion
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