The ventilators global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ventilators Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ventilators market size has grown rapidly in recent years. It will grow from $4.55 billion in 2023 to $5.02 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to respiratory conditions prevalence, surgical procedures, intensive care units (icus), technological advancements, aging population.
The ventilators market size is expected to see rapid growth in the next few years. It will grow to $7.39 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to telemedicine and remote monitoring, personalized medicine, technological innovations, hospital infrastructure investment. Major trends in the forecast period include portable and transport ventilators, advanced ventilation modes, digital health and telehealth integration, innovation in ventilation technologies.
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Scope Of Ventilators Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ventilators Market Overview
Market Drivers –
The rising prevalence of respiratory diseases is driving the ventilators market. Chronic respiratory diseases such as asthma, bronchitis, pneumonia, and others resulting from different bacterial and viral infections and other causes will boost the demand for ventilators. The ventilators are respiratory devices that are used to support respiration in patients with chronic respiratory diseases. For instance, in 2023, according to Australian Institute of Health and Welfare, an Australia-based organization, nearly 30% of Australians said they had long-term respiratory illnesses. 5.1 million Australians (20% of the total population) had allergic rhinitis, also known as ‘hay fever,’ 2.7 million (11%) had asthma, and 2.0 million (8.0%) had chronic sinusitis, out of the expected 7.5 million people with these disorders (ABS 2022). Coronavirus infects the lungs causing pneumonia and other respiratory disorders affecting patients’ respiration. The emergence of such infectious diseases resulting in a pandemic is driving the ventilator market growth.
The ventilators market covered in this report is segmented –
1) By Type: Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, Neonatal
2) By Interface: Invasive, Non-Invasive
3) By End-User: Hospitals and Clinics, Home care, Ambulatory Care Centers, Other End Users
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Regional Insights –
Asia-Pacific was the largest region in the ventilator devices market in 2023. Western Europe was the second-largest region in the ventilator device market. The regions covered in the ventilators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the ventilators market include Philips Healthcare, ResMed Inc., Medtronic plc, Becton Dickinson and Company, GE Healthcare, Hamilton Medical AG, Drägerwerk AG & Co. KGaA, Getinge AB, Smiths Group plc, Fisher & Paykel Healthcare Corporation Limited, Air Liquide S.A., Allied Healthcare Products Inc., Teleflex Incorporated, Mindray Medical International Limited, Vyaire Medical Inc., SCHILLER Healthcare India Private Limited, ZOLL Medical Corporation, Asahi Kasei Corporation, Biovo Technologies Ltd., Breas Medical AB, Enexor BioEnergy LLC, Sechrist Industries Inc., Spiritus Medical LLC, Ventis Medical Inc., Airon Corporation, Beijing Aeonmed Co. Ltd., Demax Medical Technology Co. Ltd., FW Equipment Co. Ltd., Hamilton Medical Inc., Heyer Medical AG
Table of Contents
1. Executive Summary
2. Ventilators Market Report Structure
3. Ventilators Market Trends And Strategies
4. Ventilators Market – Macro Economic Scenario
5. Global Ventilators Market Size and Growth
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31. Global Ventilators Market Competitive Benchmarking
32. Global Ventilators Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Ventilators Market
34. Ventilators Market Future Outlook and Potential Analysis
35. Appendix
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