Market Insights on Ventilators: Size, Share, Forecasts, and Trends

 

Meticulous Research®—a prominent name in market research—has published a comprehensive report titled, ‘Ventilators Market Size, Share, Forecast, & Trends Analysis by Product (Instrument, Catheter, Mask, Tube), Mobility (Intensive Care, Portable), Interface (Invasive, Non-invasive), Age Group, Mode (Volume, Pressure), End User – Global Forecast to 2031.’

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5093

The report forecasts that the global ventilators market will achieve a value of $13.23 billion by 2031, growing at a CAGR of 8.3% from 2024 to 2031. Key drivers for this growth include an increasing number of ICUs worldwide, a rising prevalence of respiratory diseases, accelerated urbanization with heightened pollution levels, an aging demographic, and a rise in preterm births. However, market growth is tempered by the high cost of ventilators and the growing use of alternative oxygenation therapies.

Emerging opportunities include advancements in healthcare infrastructure in regions such as Asia-Pacific and Latin America and a growing demand for home care devices. Conversely, challenges such as the adverse effects of ventilators on neonates and difficulties in securing essential components for manufacturing could impact market growth.

The market has traditionally been dominated by conventional invasive ventilators, but innovations like non-invasive and portable models have emerged. For instance, Shinano Kenshi Co., Ltd. (Japan) is developing a wearable ventilator aimed at improving patient mobility for those with chronic respiratory conditions.

Key Market Players

The report highlights key players such as:

  • Schiller AG (Switzerland)
  • Hamilton Medical AG (Switzerland)
  • Koninklijke Philips N.V. (Netherlands)
  • GE HealthCare Technologies, Inc. (U.S.)
  • Medtronic plc (Ireland)
  • Getinge AB (Sweden)
  • ResMed Inc. (U.S.)
  • Zoll Medical Corporation (U.S.)
  • Drägerwerk AG & Co. KGaA (Germany)
  • Fisher & Paykel Healthcare Limited (New Zealand)
  • VYAIRE MEDICAL, INC. (U.S.)

Market Segmentation

  • Product: Includes Ventilator Accessories (such as Catheters, Endotracheal Tubes, Masks, and Other Accessories) and Ventilators/Instruments.
  • Mobility: Divides into Intensive Care Ventilators and Portable Ventilators.
  • Interface: Covers Invasive and Non-invasive Ventilators.
  • Age Group: Includes Adult & Pediatric and Neonatal & Infant.
  • Mode: Comprises Volume Mode Ventilation, Dual/Combined Mode Ventilation, Pressure Mode Ventilation, and Other Modes.
  • End User: Covers Hospitals, Homecare Settings, Ambulatory Surgical Centers (ASCs), and Others.
  • Geography: Analyzes regional and country markets.

Product Insights

The ventilator accessories segment is set to lead in 2024, expected to capture 36.8% of the market. This is due to their widespread use, emphasis on hygiene, and added functionality in medication delivery.

Mobility Insights

In 2024, Intensive Care Ventilators are anticipated to dominate with a 76.2% market share, driven by high demand in ICUs, reimbursement options, and increasing critical care admissions.

Interface Insights

The Invasive Ventilators segment is projected to lead in 2024, attributed to their extensive use in ICUs for various medical conditions.

Age Group Insights

The Adult & Pediatric segment is expected to dominate in 2024 due to high usage among the elderly with chronic conditions.

Mode Insights

Volume Mode Ventilation is anticipated to lead in 2024 due to its precision in minute ventilation and consistent tidal volume delivery.

End User Insights

Hospitals are expected to be the dominant end user in 2024, driven by the prevalence of respiratory conditions and advanced medical infrastructure.

Regional Insights

North America is forecasted to lead the market in 2024, holding a 55.7% share, due to its advanced healthcare infrastructure and high demand for sophisticated medical equipment.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/ventilators-market-5093

 

Key Questions Answered in the Report:

  • Which are the high-growth market segments in terms of product, mobility, interface, age group, mode, end user, and geography?
  • What was the historical market size for ventilators across the globe?
  • What are the market forecasts and estimates for the period 2024–2031?
  • What are the major drivers, restraints, opportunities, and challenges in the ventilators market?
  • Who are the key players operating in the ventilators market?
  • What is the competitive landscape like?
  • What are the recent developments in the ventilators market?
  • What are the different strategies adopted by the major players in the ventilators market? 
  • What are the geographical trends and high-growth regions/countries?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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