Mechanical Ventilators Market Revenue to Attain USD 18.20 Bn by 2033

29 Apr 2025

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Table of Content

1. Mechanical Ventilators Market Revenue and Trends 2025 to 2033 2. Market Overview 3. Report Highlights  4. Market Trends 5. Regional Outlooks 6. Mechanical Ventilators Market Coverage 7. Market News 8. Mechanical Ventilators market Key Players 9. Market Segmentation

Mechanical Ventilators Market Revenue and Trends 2025 to 2033

The global mechanical ventilators market revenue reached USD 6.52 billion in 2025 and is predicted to attain around USD 18.20 billion by 2033 with a CAGR of 13.70%. The demand for mechanical ventilators is increasing due to the rising incidence of chronic respiratory diseases across the globe.

Market Overview

A mechanical ventilator is a device utilized to support a patient's breathing who is ill and unable to breathe on their own. These ventilators are also used to diagnose respiratory system abnormalities and static compliance of airway resistance. The mechanical ventilators market provides life-saving devices in medical surgeries and emergencies. Innovations in mechanical ventilators are expected to impact overall market growth positively.

Report Highlights 

• By product, the intensive care ventilator segment dominated the mechanical ventilators market in 2024. The dominance of the segment can be attributed to the clinical benefits offered by the ventilator in acute respiratory failure. The portable ventilators segment is anticipated to grow at the fastest rate over the forecast period. The growth of the segment can be credited to the surge in medical emergencies.
• By ventilation mode, the invasive ventilation segment led the market in 2024. The dominance of the segment can be linked to the growing incidence of respiratory diseases globally. The non-invasive ventilation segment is anticipated to grow at the fastest rate over the forecast period. The growth of the segment can be driven by the benefits offered by these ventilators over invasive ones.
• By type, the adult segment led the market in 2024. This can be attributed to the growing accidents cases and the subsequent need for critical support.
• By component, the device segment dominated the market due to the surge in the number of innovative government initiatives.
• By component, the service segment is growing rapidly. This is due to the nature of the device and importance of accurate and efficient functions.
• By end use, the hospital segment dominated the market in 2024. The dominance of the segment is due to the growing availability of trained healthcare providers across the globe. 

Market Trends

Technological Innovations

The current technological advancements, like enhanced ventilator portability, user interfaces, and modes, are positively impacting the market expansion. Also, the increasing popularity of user-friendly and portable devices in home settings, on account of the latest trend of home-based medical care, is propelling the overall market. The ongoing introduction of advanced mechanical ventilator variants with spherical features is the future trend in the mechanical ventilators market.

Ongoing Government Initiatives

The launch of several initiatives and policies by governments across many countries, such as public health campaigns, to increase awareness regarding respiratory disorders, along with the importance of timely detection and treatment, has had a major impact on market growth. Moreover, the increasing investment by regulatory bodies in research and development for the launch of the enhanced and latest mechanical ventilators is also boosting the market growth.

Growing Demand for Portable Ventilators

There is an increasing demand for easily transportable and portable ventilators that find applications across a wide range of healthcare environments, like field hospitals, ambulances, and home care settings. Furthermore, market players are harnessing this trend by crafting lightweight and inventive portable ventilator solutions. Also, the rising incidence of respiratory ailments, like chronic obstructive pulmonary disease and pneumonia.

Regional Outlooks

North America dominated the mechanical ventilators market in 2024. The dominance of the region can be attributed to the growing incidence of chronic respiratory diseases such as asthma, sleep apnea, and Chronic Obstructive Pulmonary Disease (COPD), coupled with the strong presence of major market players in the region. However, the major market players in the region include CAIRE, Inc., Koninklijke Philips N.V., GE Healthcare, and React Health, which are employing various innovative strategies to escalate market reach in the region.

The Asia Pacific mechanical ventilators market is anticipated to grow at the fastest rate over the forecast period. The growth of the region can be credited to the increased government investments in the development of innovative healthcare infrastructure and the surge in respiratory disorders in emerging economies such as China and India. Furthermore, the growing number of smokers and rapid urbanization in these countries are positively impacting regional growth.

Mechanical Ventilators Market Coverage

Market News

• In February 2024, Getinge, a renowned global leader in medical technology, launched its latest innovation, the Servo-c mechanical ventilator, in India. The mechanical ventilator is crafted to offer lung-protective therapeutic tools, catering to the evolving demands of the healthcare landscape in the country.
• In September 2023, the mechanical engineering professors at Villanova University in the U.S. received a patent to develop a new type of affordable mechanical ventilator called NovaVent. 
• In October 2023, Concern Radio-Electronic Technologies completed the factory test of the Mobivent Oxy mechanical ventilator in Russia. Mobivent Oxy, made by Urals Instrument-Making Plant, is designed for high-flow oxygen therapy in children and adults. This is an adjunct treatment method that is suitable only for patients capable of spontaneous, inhale breathing.

Mechanical Ventilators market Key Players

• Getinge AB
• Medtronic
• Vyaire Medical Inc.
• Drägerwerk AG & Co. KGaA
• Koninklijke Philips N.V.
• Hamilton Medical
• General Electric Company
• ICU Medical, Inc. 
• ZOLL Medical Corporation
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Market Segmentation

By Product

• Intensive Care Ventilators
• High-end
• Mid-end
• Basic-end
• Portable/Transport/Ambulatory
• Neonatal Care
• Others

By Ventilation Mode

• Invasive Ventilation
• Non-Invasive Ventilation
• CPAP
• BiPAP
• Others

By Type

• Pediatric & Neonatal
• Adult
• Geriatric

By Component

• Devices
• Services

By Application

• Resuscitation
• Homecare Applications
• Emergency/Transport
• Sleep Apnea Therapy
• Anesthesiology
• Clinical Applications
• Others

By End-User

• Hospitals
• Home Healthcare
• Ambulatory Care Centers
• Other

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