The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s mechanical ventilator market report forecasts the mechanical ventilator market size to grow to $12.37 Billion by 2027, with a CAGR (compound annual growth rate) of more than 12%.

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Mechanical Ventilator Market Size Forecast
The global mechanical ventilator market is expected to grow from $6.9 billion in 2022 to $7.67 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mechanical ventilator market size is expected to grow to $12.37 billion in 2027 at a CAGR of 12.7%.

North America held the largest mechanical ventilator market share.

Key Mechanical Ventilator Market Driver ­– Improve In The Healthcare Infrastructure
For instance, in June 2021, the government of India planned an INR 50,000 crore ($6.8 billion) program to boost health infrastructure in the country. Therefore, the improving healthcare infrastructure is driving the growth of the mechanical ventilator market.

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Key Mechanical Ventilator Market Trend – Product Innovation
Companies are investing in the research and development of new products to automate the mechanical ventilators based on frequency, assist control, and time to minimize the ventilator work. For instance, in January 2022, OES Medical, a UK based-manufacturer of anesthesia equipment and accessories, launched Gemini-G100, an electrically driven piston ICU ventilator. The new Gemini-G100 is designed to assist intensive care teams worldwide, where the high-pressure oxygen gas supplies are problematic. It only requires electric power and doesn’t place any demand on the oxygen supply within the hospital.

Mechanical Ventilator Market Segment
1) By Type: Adult Ventilators, Pediatric Ventilators, Neonatal/ Infant Ventilators
2) By Mobility: Intensive Care Ventilators, High-End ICU Ventilators, Mid-End ICU Ventilators, Basic ICU Ventilators, Portable Ventilators
3) By Mode Of Ventilation: Invasive Ventilation, Non-Invasive Ventilation
4) By End-User: Hospitals and Clinics, Home Care, Ambulatory Care Centers, Emergency Medical Service, Other End-Users

Mechanical Ventilator Market Major Players and Strategies
Major players in the mechanical ventilator market are Acoma Medical Industry Co. Ltd., Air Liquide, Allied Healthcare Products Inc., Bio-Med Devices Inc., Dräger, GE Healthcare, Getinge, Hamilton Medical, Medtronic, ResMed, Airon Corporation, aXcent Medical GmbH, Bunnell Inc., Carl Reiner GmbH, Fisher & Paykel Healthcare Limited, Hill-Rom Holdings Inc., and Koninklijke Philips N.V.

In March 2020, Masimo, a US-based medical technology company, entered into a definitive agreement to acquire TNI Medical, for an undisclosed amount. Through this acquisition, Masimo aims at capitalizing on TNI’s novel softFlow technology on its softFlow technology, which provides high flow, humidified, and warmed respiratory gases for patients having critical pulmonary conditions. TNI Medical AG is a Germany-based medical devices company.

The Mechanical Ventilator Global Market Report 2023 covers regional data on mechanical ventilator market size, mechanical ventilator market trends and drivers, opportunities, strategies, and mechanical ventilator market competitor analysis. The countries covered in the mechanical ventilator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A mechanical ventilator is a machine that automatically performs all or part of the effort required to transport gas into and out of the lungs. It helps a person to breathe when they find it difficult to breathe on their own.

View More Reports Related To The Mechanical Ventilator Market –
Ventilators Global Market Report 2023
Mechanical Power Transmission Equipment Global Market Report 2023
Medical Equipment Calibration Services Global Market Report 2023

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