U.S. Leads the Global Mechanical Ventilators Market with an Estimated Value of $6.3 Billion in 2022, China Shows Rapid Growth with an 8.5% CAGR

News provided by

Oct 13, 2023, 21:00 ET

DUBLIN, Oct. 13, 2023 /PRNewswire/ -- The "Mechanical Ventilators - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Mechanical Ventilators, valued at US$14.9 billion in 2022, is projected to experience substantial growth, reaching a size of US$22.8 billion by 2030, with a compound annual growth rate (CAGR) of 5.4% during the analysis period of 2022-2030. This growth is attributed to the rising demand for intensive care and portable/transportable ventilators.

Key Findings from the Report:

Intensive Care Segment to Grow at 4.9% CAGR: The intensive care segment is expected to record a 4.9% CAGR, reaching US$15.9 billion by the end of the analysis period. This growth is fueled by the increasing need for advanced life support systems in critical care settings.
Strong Growth in the Portable/Transportable Segment: The portable/transportable segment is estimated to grow at a robust CAGR of 6.7% over the next eight years. This growth is driven by the demand for ventilators that provide mobility and flexibility for patient care.
U.S. Market Estimated at $6.3 Billion: The Mechanical Ventilators market in the United States is estimated to be valued at US$6.3 billion in 2022. This significant market size is due to the country's advanced healthcare infrastructure and continuous technological advancements.
China's Rapid Growth: China, the world's second-largest economy, is forecast to experience impressive growth with a projected market size of US$1.9 billion by 2030, showcasing a CAGR of 8.5% during the analysis period. This growth is indicative of China's increasing investment in healthcare.
Global Competitive Landscape: The report features 82 key competitors in the Mechanical Ventilators market, including industry leaders such as GE HealthCare PLC, Dragerwerk AG & Co. KGaA, and Getinge AB (Getinge Group).

Economic Outlook:

The global economic outlook is showing signs of improvement, with recovery expected in the coming years. Despite challenges such as uncertainty related to the war in Ukraine and persistent inflation in developing countries, governments are making efforts to stabilize their economies. New technologies, including generative AI, applied AI, and renewables, are expected to drive economic growth and value to global GDP.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
All Hands On Deck: The World is Scaling Up to Meet a Multifold Rise in Ventilator Demand
Global Number of Infections & Patients Requiring Ventilator Support
Amidst the COVID-19 Pandemic, Regulatory Bodies Ease Approval Process for Ventilators
Concerns Rise Side Effects of Using Ventilator Usage in COVID-19 Patients
Mechanical Ventilators: An Introduction
Evolution of Mechanical Ventilators: A Historical Fact File
Outlook
US Leads the Global Mechanical Ventilators Market
High Unmet Medical Needs Drive Developing Nations
Cost Benefits to Surge Growth of Non-Invasive Ventilators
HomeCare Ventilation Amid Rising Healthcare Costs
Rise in Popularity of Portable Ventilators
Ways to Leverage Market Potential
Key Market Challenges
Global Healthcare Spending: A Review
Global Healthcare Expenditure (In US$ Trillion) for the Years 2017, 2019, and 2022
Mechanical Ventilators - Global Key Competitors Percentage Market Share in 2022 (E)
Recent Market Activity
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Technological Advancements Sustain Future Market Growth
Select Recent Innovations
Automation-Enabled Innovation Continues in Mechanical Ventilators Market
Auto Manufacturers Join the Race to Build Ventilators
Startups Intensify Efforts to Develop Low Cost Ventilators amidst COVID-19 Crisis
Mounting Cases of COVID-19 Infections Prompt Researchers to Explore New Approaches to Reduce Need for Ventilator Assistance
Major Risk Factors Creating Need for Ventilation Support for COVID-19 Patients
Increasing Prevalence of Chronic Respiratory Diseases Drive Growth
Global Prevalence of COPD by Age Group: Percentage of Men and Women Affected by the Condition
Neonatal Ventilators Market Set for Healthy Growth
Global New Births (in Millions) per Annum by Geographic Region
Rising Incidence of Neonatal Mortality Rates to Drive Penetration Developing Countries
Worldwide Neonatal Mortality Rate Estimates by Region: 2000, 2005, 2020, 2015, 2019
Neonatal Non-Invasive Ventilation: On the Rise
Lung Injury: A Major Challenge for Neonatal Ventilators Market
Ventilator Associated Pneumonia (VAP): A Major Menace
Manufacturers Introduce New Features to Tackle Enduring Issue of Alarm Fatigue
Advances in Information Technology Enhance Monitoring Multiple Patients on Ventilation
High Potential for Automatic Transport Ventilators
Adaptive Support Ventilation: At the Forefront of Innovation
Aging Population: A Key Demographic Driver
Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
RESPIRATORY CONDITIONS REQUIRING MECHANICAL VENTILATORS
Acute Respiratory Distress Syndrome
Chronic Obstructive Pulmonary Disease
Muscular Degenerative Disease
Spinal Cord Injury
Pneumonia
Cystic Fibrosis
Asthma

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/rwbj02

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets