Meticulous Research®—a leading market research company, published a research report titled, ‘Ventilators Market by Product (Instrument, Catheter, Mask, Tube) Mobility (Intensive Care, Portable) Interface (Invasive, Non-invasive) Age Group (Adult, Neonatal) Mode (Volume, Pressure, Dual) End User (Hospital, ASC, Home Care) – Global Forecast to 2031’
According to this latest publication from Meticulous Research®, the Ventilators market is projected to reach $13.23 billion by 2031, at a CAGR of 8.3% from 2024 to 2031. The growth of the ventilators market is driven by factors such as the increasing number of intensive care units (ICUs) and ICU beds, the rising incidence & prevalence of respiratory diseases, rapid urbanization coupled with rising pollution levels, the growth in the geriatric population, and the rising incidence of preterm births. However, the high costs of ventilators and the high preference for alternative oxygenation therapies restrain the market’s growth.
The increasing demand for homecare therapeutic devices and emerging economies in Asia-Pacific and Latin America are expected to create market growth opportunities. However, the adverse effects of ventilators on neonates and difficulties in maintaining component supply chains pose challenges to the market’s growth.
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The ventilators market is segmented by Product (Ventilator Accessories [Ventilator Catheters, Endotracheal Tubes, Ventilator Masks, and Other Ventilator Accessories], Ventilator/Instrument), Mobility (Intensive Care Ventilators and Portable Ventilators), Interface (Invasive Ventilators and Non-invasive Ventilators), Age Group (Adult & Pediatric and Neonatal & Infant), Mode (Volume Mode Ventilation, Dual/Combined Mode Ventilation, Pressure Mode Ventilation, and Other Ventilation Modes), End User (Hospitals, Homecare Settings, Ambulatory Surgical Centers (ASCs) and Other End Users) and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Among the products studied in this report, in 2024, the ventilator accessories segment is expected to account for the largest share of the market. The large market share of this segment can be attributed to the extensive utilization of ventilator accessories, the rising awareness regarding hospital hygiene practices, and the additional functionality of certain accessories in medication administration.
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Based on mobility, in 2024, the intensive care ventilators segment is expected to account for the largest share of the market. The large market share of this segment can be attributed to the increasing installation of ventilators in ICUs, the availability of reimbursements for ventilation solutions and respiratory treatment procedures, the growing number of patient admissions in CCUs due to the increasing population afflicted with chronic and respiratory infectious diseases, and the rising incidence of preterm births worldwide.
Among the interfaces studied in this report, in 2024, the invasive ventilators segment is expected to account for the largest share of the market. The large market share of this segment can be attributed to the widespread utilization of invasive ventilators in ICUs for patients with chronic respiratory and infectious diseases, neurological disorders, and sleep disorders.
Among the age groups studied in this report, the adult & pediatric segment is expected to account for the largest share of the market. The large market share of this segment can be attributed to the high adoption of ventilation support among the elderly population, their increased vulnerability to chronic and infectious diseases, and the rising consumption of tobacco-related products.
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Among the modes studied in this report, in 2024, the volume mode ventilation segment is expected to account for the largest share of the market. The large market share of this segment can be attributed to the widespread adoption of volume-controlled ventilators in intensive care units due to their advantages, including precise minute ventilation and consistent tidal volume delivery.
Among the end users studied in this report, in 2024, the hospitals segment is expected to account for the largest share of the market. The large market share of this segment can be attributed to the considerable number of patients afflicted with respiratory illnesses, the presence of skilled medical practitioners in hospitals, and the accessibility to advanced healthcare facilities equipped with state-of-the-art medical devices such as ventilators.
Among the geographies studied in this report, in 2024, North America is expected to account for the largest share of the market. North America’s significant market share can be attributed to its well-established healthcare infrastructure, widespread adoption of advanced technologies, the presence of major market players, high demand for technologically advanced medical equipment, a growing elderly population, and rising demand for long-term and home healthcare solutions.
Key Players
The key players profiled in the ventilators market report are 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), and VYAIRE MEDICAL, INC. (U.S.).
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