Meticulous Research® – the leading global market research company published a research report titled “Ventilators Market by Product (ventilator instrument, consumables), Mobility (Intensive Care, Portable),interface (Invasive, Non-invasive), Age group (Adult, Infant), Mode (Volume, Pressure, Dual), End User (Hospital, Home Care, ASC) – Global Forecast to 2023”.
According to this latest publication from Meticulous Research®, the global ventilators market will reach USD 2,636.2 million by 2023, at a CAGR of 7.2% from 2018 to 2023. The growth of this market is majorly driven by growing incidence & prevalence of respiratory diseases with rising geriatric population, excessive consumption of tobacco, and rising level of air pollution due to urbanization; and increasing incidence of preterm birth.
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“Increasing incidence of respiratory disease as a result of excessive tobacco consumption, increased level of air pollution, and rising geriatric population; rising incidence of shortness of breath in patients with chronic disease; and increasing incidence of preterm births are the key factors supporting the growth of ventilators market.” mentions Meticulous Research™.
The global ventilators market is mainly segmented by product, interface, mobility, age group, mode, end user, and geography. The report also states that, “on the basis of interface, invasive ventilators held the largest share of this market in 2017, primarily attributed to the higher application of invasive ventilators in aged population admitted to intensive care units due to chronic respiratory diseases, neurological diseases, and sleeping disorders.”
On the basis of age group, adult & pediatric segment held the largest share in 2017, primarily due to “higher adoption of ventilation support in elderly population due to increasing incidence & prevalence of chronic diseases such as COPD and lung infections with aging, increasing consumption of tobacco and related products, and rising pollution level”.
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On the basis of interface, invasive ventilators held the largest share of this market in 2017. This is primarily attributed to the higher application of invasive ventilators in aged population admitted to intensive care units due to chronic respiratory diseases, neurological diseases, and sleeping disorders.
On the basis of age group, adult & pediatric segment held the largest share in 2017, primarily due to higher adoption of ventilation support in elderly population due to increasing incidence & prevalence of chronic diseases such as COPD and lung infections with aging, increasing consumption of tobacco and related products, and rising pollution level. This segment is also projected to register faster growth during the analysis period with rising geriatric population requiring ventilation support with growing life expectancy.
On the basis of mobility, intensive care ventilators accounted for the largest share of global ventilators market in 2017, primarily due to the rising number of intensive care units and ICU beds well-furnished with ventilators, availability of proper reimbursement for these procedures, and rising number of patient admissions in critical care units with various chronic diseases, and rising preterm births across the globe.
On the basis of mode, ventilators market is segmented into volume mode ventilators, pressure ventilators, dual-mode ventilators, and others. Volume mode ventilators segment held the major share in the global ventilators market in 2017. The greater adoption of these ventilators is mainly due to its ability to maintain constant tidal volume and minute ventilation during the process.
On the basis of end-user, the ventilators market is segmented into hospitals & clinics, ambulatory surgery centers, home care and others. Hospitals & clinics held the largest share in the global ventilators market in 2017. The largest share of this segment is primarily due to large pool of patients with respiratory diseases visiting the hospitals for diagnosis & treatment, availability of experienced doctors & trained professionals, and accessibility to better healthcare infrastructure with availability of high-tech medical devices in hospitals.

Geographically, the ventilators market is segmented into five major geographies namely: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America dominated the global ventilators market in 2017, followed by Europe, and Asia-Pacific. The large share of this region is primarily attributed to the well established healthcare system with wide network of suppliers & distributors; higher adoption of advanced medical devices in the healthcare system; and increasing incidence & prevalence of pulmonary disorders with rising tobacco smokers, rise in geriatric population, changing lifestyles, urbanization, and growing pollution level. Moreover, increasing incidence of premature births, higher & rising healthcare expenditure, and presence of many key players further propels the growth of ventilators market in this region.
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