Global ventilator market

Ventilator: Pushes oxygen into the lungs; removes carbon dioxide from the body

Overall market

2019: $1.05 billion

2027: $3.02 billion

13.96%: compound annual growth rate (CAGR)

SEGMENTS

Portable ventilator market

14.0% CAGR through 2027

Typical use – home care for patients with long-term illness

Intensive care ventilator market

Types: invasive & non-invasive

Invasive accounts for 66.4% of market share in 2019

Hospital segment

Includes hospitals, ambulatory surgery centers, nursing homes, specialty clinics, long-term care centers

Valued at $632.25 million in 2019

Key players

• Air Liquide
• Allied Healthcare Products
• Becton, Dickinson & Co. (BD)
• Dräger
• Fisher & Paykel
• GE Healthcare
• Getinge
• Hamilton Medical
• Medtronic
• Philips Healthcare
• ResMed
• Smiths Group
• Zoll Medical

Regions

North America held the largest market share of 39.4% in 2019

Asia Pacific region is anticipated to grow highest at a 14.5% CAGR through 2027.

Source: https://www.fiormarkets.com