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Mechanical Ventilator Market

The market for Mechanical Ventilator was estimated at $3.7 billion in 2024; it is anticipated to increase to $5.0 billion by 2030, with projections indicating growth to around $6.4 billion by 2035.

Report ID:DS1801040
Author:Debadatta Patel - Senior Consultant
Published Date:
Datatree
Life Science
Medical Device
Mechanical Ventilator
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Report Summary
Market Data
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Table of Contents

Global Mechanical Ventilator Market Outlook

Revenue, 2024

$3.7B

Forecast, 2034

$6.1B

CAGR, 2025 - 2034

5.1%

The Mechanical Ventilator industry revenue is expected to be around $3.9 billion in 2025 and expected to showcase growth with 5.1% CAGR between 2025 and 2034. Growing investment in mechanical ventilation devices by hospitals, emergency centres and surgical clinics highlights the increasing clinical and economic importance of the mechanical ventilator industry. It is this increased investment which is seen in managing conditions such as chronic obstructive pulmonary disease and acute respiratory failure as well as perioperative care. Ventilators capable of treating patients with invasive and non invasive ventilation requirements are demanded due to a growing need for intensive care unit equipment. This is due to increased infection control standards, ICU space expansion and various patients. The critical care/resuscitation segment, combined with the mechanical ventilator region, constitutes 73.1% of all Mechanical Ventilator sales. The ventilators used in intensive care units therefore play a major role in a hospitals infrastructure. Non invasive ventilators produced $2.04 billion in revenue in 2024 and are the dominant of mechanical ventilator. There is therefore a shift in the way the ventilators are used. This shift is characterised by less invasive assistance with breathing which causes patients less distress, better monitoring of patients and more efficient processes for healthcare staff.

Fully or partially assisting a patients breathing, the mechanical ventilator is a vital piece of equipment which offers respiratory support. This is achieved through the use of controllable volumes or pressures of air which contains a high% age of oxygen. This device can offer different ways of ventilating the lungs, real time monitoring and alarm system. Modern ventilators for medical use have a number of significant features. These comprise user friendly controls that healthcare workers can use and sophisticated sensors which allow precise levels of oxygen and other gases to be administered to patients. Ventilators can also be set to change the amount of gas supplied in response to the patients needs and so protect the lungs. The machine may also be linked up to a hospitals computer systems. This equipment is used in many parts of hospitals including in intensive care units, operating theatres where anaesthetic gas is administered, accident and emergency departments, for resuscitation, in intensive care wards for new born babies and children, in hospital wards where patients are moved from one department to another and in the home for patients who have got severe lung problems and need oxygen for the rest of their lives. The growing need for advanced critical care ventilators is partly due to the preference for non invasive ventilation techniques. Portable ventilators are also gaining popularity due to their compact size. Many manufacturers are now incorporating advanced technology into their ventilators to improve patient recovery processes. There is also growing concern to ensure that there is sufficient supply of ventilators during global health crises.

Mechanical Ventilator market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034
Mechanical Ventilator Market Outlook

Market Key Insights

  • Projected to reach $6.1 billion in the year 2034, the Mechanical Ventilators market will be worth $3.7 billion this year. The market grew at a compound annual growth rate of 5.1%, with demand increasing for intensive care unit ventilation, home long term ventilation and anaesthesia equipment ventilation.

  • Companies of the calibre of Boston Scientific Corporation, Abbott and Medtronic are key in determining the competitive profile on the market for implantable cardioverter defibrillators.

  • The US and Germany are the largest consumers of mechanical ventilators and are expected to grow at a CAGR of 3.3% and 4.9% respectively from 2024 to 2030.

  • Growth in emerging markets, which include those of India, Vietnam and Mexico, should be greatest with compound annual growth rate in the range of 5.9% to 7.0%.

  • Advances in technology are expected to have a greater influence on the value chain in the US and German markets, potentially increasing the Mechanical Ventilator industry revenue by $115 million by 2030.

  • Between 2024 and 2034, the global demand for mechanical ventilators is predicted to increase by $2.4 billion. This rise in the Mechanical Ventilator market will be largely due to the Resuscitation & Anesthesiology Application category of these devices.

  • The increasing incidence of respiratory diseases has been accompanied by advancements in the technology used in mechanical ventilators. A rise of 64% is forecast for the demand for mechanical ventilators between 2024 and 2034.

mechanical ventilator market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Mechanical Ventilator - Country Share Analysis

Opportunities in the Mechanical Ventilator

In underdeveloped region's, military medical staff and emergency services are also hindered by the ventilators they use. These are normally bulky and require electricity. Currently portable, battery powered devices that support invasive and non invasive modes and are ruggedised for heat, dust and vibration exist in a small way. Enhanced collaboration between ambulance networks, NGOs and defense ministries along with the integration of telemedicine could accelerate adoption of the drones. The compact, non invasive and hybrid modes of transport ventilators will be the ones which grow the most. This growth will increase the current popularity of non invasive ventilators in emergency situations.

Growth Opportunities in North America and Asia-Pacific

The demand for mechanical ventilators in North America is currently being driven by the healthcare sector, specifically in critical care settings. The intensive care units have driven this demand, mainly for ventilators capable of respiratory support. Given the high level of competition within the market, multinationals and regional manufacturers are focusing on lifecycle service contracts, standardising fleets and integrating with hospital systems. New market entrants should therefore target niche region's such as clinical decision support tools, home based care for chronic respiratory conditions and portable ventilators for high acuity transfers. The regions heavy investment in the medical facilities, strict healthcare standards and high prevalence of chronic respiratory disease will ensure that hospitals continue to see the need for intensive care services. This will in turn drive the demand for high quality equipment.
The Asia Pacific market for mechanical ventilators is influenced by a rapid expansion of the healthcare infrastructure. The primary application remains critical care, however, an increase in demand for resuscitation use in emergency and pre hospital care settings is observed. Scalable ventilator platforms are able to span both ICU respiratory support and emergency transport. With the emergence of local manufacturers who can supply goods at competitive prices alongside international companies, the market for intensive care ventilators and portable ventilators has changed. For medical equipment suppliers to secure contracts with the government and private hospitals, they must produce medical ventilators which are locally made and have a simplified user interface as well as be rugged. The growth in the population and the growth in surgical procedures both contribute to an increased demand for ventilators used in anesthetic procedures. This high demand will continue because governments are investing in hospitals. To cater to this growing need, it is wise to use a combination of products, education and maintenance services.

Market Dynamics and Supply Chain

01

Driver: Rising Prevalence of Respiratory Diseases, and Impact of COVID-19

The increasing global prevalence of obstructive pulmonary disease (commonly known as COPDs) asthma and various respiratory illnesses plays a significant role in driving the expansion of the Mechanical Ventilator market sector. As individuals suffering from these conditions frequently rely on ventilation for medical intervention purposes; this upsurge consequently leads to a rise in the necessity, for such devices. The unexpected emergence of the COVID‐19 outbreak led to a surge in the need for ventilators like never before seen in history. This increased demand for ventilators was also especially critical, for COVID‐19 patients and significantly boosted the markets progression.
The field of devices is also always changing due to the emergence of new and cutting edge technologies in the industry. One area that has also seen progress is also mechanical ventilators; improvements like non invasive ventilation options the creation of portable ventilators and the incorporation of artificial intelligence for improved patient surveillance have also made these devices more attractive and led to a growth, in their market demand.
02

Restraint: High Cost of Mechanical Ventilators

A major obstacle hindering the expansion of the mechanical ventilator industry is their price tags. The cost of ventilators varies widely from a thousand to more than $50K for a brand new unit. This significant price range poses a hurdle for numerous hospitals and healthcare facilities in less affluent regions and nations. It presents a barrier, to acquiring these vital life saving devices and ultimately restrains the markets overall growth.
03

Opportunity: Non-invasive home mechanical ventilation for COPD and sleep-apnea patients in aging China and India and Advanced invasive ICU ventilators for tertiary-care hospitals in Latin America facing surgical and trauma burdens

Worldwide non invasive ventilator sales have significantly surpassed those of invasive systems. They produced sales worth approximately $2 billion in 2024 and could be worth $2.85 billion by the year 2030. This represents a compound annual growth rate of 5.73%. In China and India, home care of patients with chronic obstructive pulmonary disease and sleep apnea is underdeveloped due to the high costs of care. This limited development is also due to a lack of reimbursement for these services. Companies which localise quiet cloud connected devices which are able to monitor patients remotely team up with health care providers and insurance companies can bring in recurring revenue through the sale of non invasive ventilators that come in bilevel and pressure support modes, with these latter twos of machines increasing in sales fastest.
By the year 2030, invasive ventilators are forecast to reach 2.13 billion US dollars. In 2024, these devices will be worth approximately 1.65 billion US dollars. This growth is anticipated to be due to procedures in intensive care units and will have a compound annual growth rate of 4.3%. South America's hospitals which have intensive care facilities are equipping them with the best equipment available, but the machinery they are using is often outdated and lacks some of the more modern monitoring techniques. Companies that introduce modular invasive ventilation platforms which can be combined with analytics and service contracts may attract orders. High end ICU ventilators used in intensive care for patients who have undergone surgery, suffered traumas or sepsis are the market growth leaders in different regions.
04

Challenge: Regulatory Hurdles

The mechanical ventilator market faces another challenge due to the regulatory approval processes in place for medical devices, like ventilators that undergo extensive and time consuming testing and evaluation before being approved for legal marketing purposes.

Supply Chain Landscape

1

Respiratory Components Supply

HoneywellSensirionTE Connectivity
2

Mechanical Ventilator Manufacturing

MedtronicMicroPort Scientific CorporationPhilips Healthcare
3

Critical Care Distribution

AbbottBoston Scientific CorporationBIOTRONIK
4

Intensive Care Usage

HospitalsIntensive care unitsHomecare settings
Mechanical Ventilator - Supply Chain

Use Cases of Mechanical Ventilator in Intensive Care Unit Ventilation & Long-term Ventilation at Home

Intensive Care Unit Ventilation : Mechanical ventilators are commonly utilized in Intensive Care Units (ICUs) for patients in need of continuous and carefully supervised respiratory assistance to ensure stable oxygen and carbon dioxide levels essential for those critically ill individuals in need of care. Leading companies such, as Medtronic and Dräger provide ICU ventilators that are user friendly and capable of adjusting to the evolving requirements of patients.
Anaesthesia-related Ventilation : In surgeries where general anesthesias used​ mechanical ventilators play a crucial role​. They support the patients breathing​ when they are under anesthesia​ ensuring a constant flow of oxygen​ and keeping the lungs working properly​. Getinge and GE Healthcare are at the forefront in this field, with their advanced ventilators that offer accurate control over patient respiration​.
Long-term Ventilation at Home : Mechanical ventilators are also used in homes for people requiring ventilation support to improve their independence and lessen hospital stays duration significantly ResMed and Philips Respironics lead the way, in this field with their compact and user friendly home ventilators that prioritize patient comfort by being quiet and easy to operate.

Recent Developments

Recently there has been an increase in the demand for mechanical ventilators in the market due to a rise in respiratory illnesses and an aging population prone to chronic conditions along with worsening pollution levels impacting this trend significantly. The global need for ventilators saw a sharp rise, during the recent COVID 19 outbreak as well.

January 2024 : Medtronic unveiled a cutting edge innovation in ventilation known as RespiConnect. This technology aims to enhance the coordination, between patients and ventilators by harnessining the power of intelligence.
April 2024 : Philips introduced their EvacClear Mechanical Ventilator model to improve mobility and user friendliness, for patients requiring prolonged ventilation.
November 2024 : Drgerwerk AG & Co. KGa expanded its manufacturing of ventilators, in North America by inaugurating a new production facility located in Texas.

Impact of Industry Transitions on the Mechanical Ventilator Market

As a core segment of the Medical Device industry, the Mechanical Ventilator market develops in line with broader industry shifts. Over recent years, transitions such as Technological Advancements and Rise of Portable Ventilators have redefined priorities across the Medical Device sector, influencing how the Mechanical Ventilator market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Technological Advancements

Key changes in the development of mechanical ventilators, including the integration of adaptive support ventilation and high frequency oscillating ventilation, are causing a shift in the way value is created in the respiratory care industry. The USA and Germany are now driving growth in this sector. Advanced critical care ventilators can enhance breath synchronisation, automatically adjust for leaks in ventilators and centre their treatment on the patient, leading to improved treatment results. This also enables manufacturers to charge more for the equipment and to use the ventilators more often. By 2030 the market for mechanical ventilators should be worth an extra $115 million due to hospital purchases of more sophisticated ICU ventilators and the incorporation of more intelligent monitoring systems and tools that streamline work processes.
02

Rise of Portable Ventilators

Healthcare focused on the patient is a growing trend due to developments such as portable mechanical ventilators. Devices like these are designed to help people move around more freely, also enabling individuals who have difficulty breathing to continue living at home, thus improving their standard of living.