Ventilator Market Size, Share, Opportunities, And Trends By Mobility Type (Intensive Care Ventilators (Basic ICU Ventilators, High High-end ICU Ventilators, Mid-end ICU Ventilators), Transportable Ventilators), By Interface (Invasive Ventilation, Non-invasive Ventilation), By Type (Geriatric, Neonatal, Pediatric), By Mode (Combined Mode Ventilation, Pressure Mode Ventilation, Volume Mode Ventilation, Others), By End-User (Ambulatory Care Centers, Emergency Medical Services (EMS), Home Care, Hospitals and Clinics), And By Geography - Forecasts From 2025 To 2030

The ventilator market size is projected to grow at a CAGR of 6.65% to reach US$7.416 billion by 2030, from US$5.376 billion in 2025.

The rise in respiratory emergencies and chronic obstructive pulmonary disease (COPD) are the major factors strengthening the global ventilator market’s growth. Technological innovations in respiratory care devices are another major factor driving an obvious market expansion, along with the emergence of more patient-friendly, cost-effective, and portable devices that further encourage their usage.

The global pandemic that affected our planet and impacted every aspect of human life has spurred innovations like those of Xerox. In April 2020, the company ramped up the production of its affordable, disposable ventilators, providing a crucial alternative to the hospital-grade ventilators that were in short supply.

What are the drivers of the ventilator market?

• Increasing technological advancements are propelling the development of ventilators.

The small medical device manufacturer in California named Vortran Medicalto scaled up production of the Go2Vent, a low-cost resuscitation device typically used during disasters and emergencies for first-aid treatment. Go2Vent has been approved by the FDA and doesn’t require electricity. The Rail Coach Factory (RCF) in Kapurthala is the first public sector undertaking (PSU) under the Indian Railways to develop a prototype of a ventilator. This ventilator is intended for use in the isolation wards or quarantine facilities that the Indian Railways is establishing in train coaches throughout its network. 

It’s an original design and is expected to cost almost a fraction of a regular ventilator's costs.  Thus, along with government initiatives, the manufacturers of these devices in the APAC region, especially those of emerging markets, are focusing on creating cost-efficient, non-invasive ventilation solutions to cater to local needs and provide flexibility in inpatient care. This can be exemplified by India’s toaster-sized ventilator, manufactured by Noida-based AgVa Healthcare in a joint venture with Maruti Suzuki India. This device is specifically aimed at COVID-19 patients and has arrived when needed to feel the gaps.

• Smoking and air pollution have substantially increased the chronic obstructive pulmonary disease

According to the WHO, Chronic obstructive pulmonary disease is the fourth leading cause of death worldwide, causing 3.5 million deaths in 2021, approximately 5% of all global deaths. Tobacco smoking accounts for over 70% of COPD cases in high-income countries. The increased respiratory ailments have propelled the demand for ventilators in the healthcare sector.

What are the key geographical trends shaping the ventilator market?

By geography, the ventilator market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

In the APAC region, the ventilator market growth is the speedy advancement of rising healthcare expenditure coupled with increasing disposable income that facilitates patients' ease of access to various points of care, leading to the rapid adoption of ventilators. In the People's Republic of China, the premium of primary insurance received by the insurance companies was 4,264.5 billion yuan in 2019, an increase of 12.2 % over that of the previous year. The life insurance premium totaled 2,275.4 billion yuan, the health and casualty insurance premiums of primary insurance were 824.1 billion yuan, and the property insurance premium of primary insurance was 1,164.9 billion yuan.

Furthermore, the per capita disposable income nationwide was 30,733 yuan, an increase of 8.9 % compared to the preceding year. Besides, the growing number of medical and health institutions in China is fueling the demand for ventilators.

Key developments in the ventilator market:

The major leaders of the ventilator market are Air Liquide, Allied Healthcare Products, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, General Electric Company, Getinge AB, Hamilton Medical, Koninklijke Philips N.V., Medtronic, ResMed, SCHILLER, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Smiths Group plc, VYAIRE, and Zoll Medical. These key players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,

• In October 2024, Nihon Kohden America launched the NKV-440 Ventilator System. Previously, this was offered through Nihon Kohden’s subsidiary, OrangeMed. This is now accessible to a wider range of healthcare providers. The NKV-440 Ventilator System is designed to meet challenges such as staff shortages, budget constraints, and the need for adaptable, high-performance medical equipment. The NKV-440 Ventilator System provides several key benefits. It combines invasive ventilation, non-invasive ventilation, and high-flow oxygen therapy in a single device. It can operate without wall air or costly compressors. Its compact size supports easy transport within the hospital. It features a customizable, app-based touchscreen interface that is easy to learn and use.
• In September 2024, Inspira Technologies OXY B.H.N. Ltd. secured an additional U.S. Patent approval for the VORTX orbiting blood oxygenation delivery system. It is a core technology of the revolutionary INSPIRA ART device, bringing the combined total of claims deemed novel relating to the core technology of the INSPIRA ART device to 32. The VORTX system aimed to oxygenate blood without fiber membranes, transforming the medical field as this technology is expected to reduce damage and costs.
• In August 2024, ZOLL announced the winning bidder in an auction to acquire Vyaire Medical’s ventilator business as part of Vyaire’s Chapter 11 bankruptcy proceedings. Completion of the acquisition was subject to court approval at a sale hearing and depends on a successful closing. ZOLL is an Asahi Kasei company that manufactures medical devices and related software solutions. With this acquisition, ZOLL would add Vyaire’s ventilators to ZOLL’s product portfolio for a broader range of clinicians and patients.
• In January 2023, Getinge launched its new Servo-c mechanical ventilator, targeting selected markets. This offering is a lung-protective therapeutic tool for treating pediatric and adult patients. Based on knowledge and with all essential functionalities needed, Servo-c is intended to make health care accessible and affordable for more hospitals worldwide.
• In January 2022, OES Medical, a UK-based anesthesia equipment developer, collaborated with ABHI UK Pavillion at Arab Health to introduce a new ICU ventilator in the region. The firm's new ventilator, Gemini G100, is an electrically powered piston-based ICU ventilator with a built-in oxygen concentrator for intensive care of patients. The latest offering reduces the hospitals' reliance on Oxygen deliveries even when the demand is at its peak.

Ventilator market scope:

Report Metric	Details
Ventilator Market Size in 2025	US$5.376 billion
Ventilator Market Size in 2030	US$7.416 billion
Growth Rate	CAGR of 6.65%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Mobility Type Interface Type Mode End User Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Ventilator Market	Air Liquide Allied Healthcare Products Drägerwerk AG & Co. KGaA Fisher & Paykel Healthcare Limited. General Electric Company
Customization Scope	Free report customization with purchase

 

The ventilator market is analyzed into the following segments:

• By Mobility Type
  • Intensive Care Ventilators
    • Basic ICU Ventilators
    • High High-end ICU Ventilators
    • Mid-end ICU Ventilators
  • Transportable Ventilators
• By Interface
  • Invasive Ventilation
  • Non-invasive Ventilation
• By Type
  • Geriatric
  • Neonatal
  • Paediatric
• By Mode
  • Combined Mode Ventilation
  • Pressure Mode Ventilation
  • Volume Mode Ventilation
  • Others
• By End User
  • Ambulatory Care Centers
  • Emergency Medical Services (EMS)
  • Home Care
  • Hospitals and Clinics
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

2.3. Data Validation

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4.  Industry Value Chain Analysis

5. VENTILATOR MARKET BY MOBILITY TYPE

5.1. Introduction

5.2. Intensive Care Ventilators

5.2.1. Basic ICU Ventilators

5.2.2. High High-end ICU Ventilators

5.2.3. Mid-end ICU Ventilators

5.3. Transportable Ventilators

6. VENTILATOR MARKET BY INTERFACE

6.1. Introduction

6.2. Invasive Ventilation

6.3. Non-invasive Ventilation

7. VENTILATOR MARKET BY TYPE

7.1. Introduction

7.2. Geriatric

7.3. Neonatal

7.4. Paediatric

8. VENTILATOR MARKET BY MODE

8.1. Introduction

8.2. Combined Mode Ventilation

8.3. Pressure Mode Ventilation

8.4. Volume Mode Ventilation

8.5. Others

9. VENTILATOR MARKET BY END-USER

9.1. Introduction

9.2. Ambulatory Care Centers

9.3. Emergency Medical Services (EMS)

9.4. Home Care

9.5. Hospitals and Clinics

10. VENTILATOR MARKET BY GEOGRAPHY

10.1. Global Overview

10.2. North America

10.2.1. United States

10.2.2. Canada

10.2.3. Mexico

10.3. South America

10.3.1. Brazil

10.3.2. Argentina

10.3.3. Others

10.4. Europe

10.4.1. United Kingdom

10.4.2. Germany

10.4.3. France

10.4.4. Italy

10.4.5. Spain

10.4.6. Others

10.5. Middle East and Africa

10.5.1. Saudi Arabia

10.5.2. United Arab Emirates

10.5.3. Others

10.6. Asia-Pacific

10.6.1. China

10.6.2. India

10.6.3. Japan

10.6.4. South Korea

10.6.5. Taiwan

10.6.6. Thailand

10.6.7. Indonesia

10.6.8. Others 

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Emerging Players and Market Lucrativeness

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. Air Liquide

12.2. Allied Healthcare Products

12.3. Drägerwerk AG & Co. KGaA

12.4. Fisher & Paykel Healthcare Limited.

12.5. General Electric Company

12.6. Getinge AB

12.7. Hamilton Medical

12.8. Koninklijke Philips N.V.

12.9. Medtronic

12.10. ResMed

12.11. SCHILLER

12.12. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

12.13. Smiths Group plc

12.14. Zoll Medical

Air Liquide

Allied Healthcare Products

Drägerwerk AG & Co. KGaA

Fisher & Paykel Healthcare Limited.

General Electric Company

Getinge AB

Hamilton Medical

Koninklijke Philips N.V.

Medtronic

ResMed

SCHILLER

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Smiths Group plc

Zoll Medical