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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
VENTILATOR GRAPHIC ©Bezvershenko | ADOBE STOCK / ICONS: ADOBE STOCK
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