Ventilators Market

By Type;

Intensive Care Ventilators-[High-End ICU Ventilators, Mid-End ICU Ventilators and Basic ICU Ventilators] and Portable & Transportable Ventilators

By Interface;

Hybrid Ventilation, Non-Invasive Ventilation and Invasive Ventilation

By Mode;

Combined-Mode Ventilators, Volume-Mode Ventilators, Pressure-Mode Ventilators and Others

By Care Setting;

Hospitals & Clinics, Ambulatory Care Centers, Emergency Medical Services and Home Care Settings

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn112197286 Published Date: September, 2025 Updated Date: October, 2025

Ventilators Market Overview

Ventilators Market (USD Million)

Ventilators Market was valued at USD 6,535.41 million in the year 2024. The size of this market is expected to increase to USD 8,978.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.


Ventilators Market

*Market size in USD million

CAGR 4.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.6 %
Market Size (2024)USD 6,535.41 Million
Market Size (2031)USD 8,978.73 Million
Market ConcentrationHigh
Report Pages312
6,535.41
2024
8,978.73
2031

Major Players

  • Philips
  • Resmed
  • Medtronic
  • Becton, Dickinson and Company
  • Getinge
  • Drger
  • Smiths Group
  • Hamilton Medical
  • GE Healthcare
  • Fisher & Paykel
  • Air Liquide
  • Asahi Kasei

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Ventilators Market

Fragmented - Highly competitive market without dominant players


Ventilators have emerged as a cornerstone of critical care, offering life-sustaining respiratory support to individuals experiencing respiratory failure. The ventilators market has expanded significantly due to rising respiratory disease incidence, medical technology innovation, and the lingering effects of the COVID-19 pandemic. These devices are essential not only in ICUs but also in ambulances, emergency rooms, and home-based settings, where timely intervention can be the difference between life and death.

Growing Respiratory Disease Burden and Aging Population
The increasing prevalence of chronic respiratory diseases is one of the key factors driving ventilator demand worldwide. Asthma and COPD collectively affect more than 9% of the global population, while lifestyle-related factors and pollution continue to aggravate these conditions. The emergence of infectious diseases such as COVID-19 has also reinforced the indispensable nature of ventilators in emergency preparedness and public health systems.

Technological Progress Enhancing Access and Outcomes
Innovation is reshaping the ventilator industry, with manufacturers introducing AI-enabled features, portable models, and remote monitoring technologies. These intelligent systems optimize ventilation based on patient-specific parameters and enable remote management, making them ideal for both hospital and homecare environments. The integration of telemedicine is expanding access to critical care in remote or low-resource areas. With an anticipated annual growth rate of over 7%, the ventilators market is poised for sustained expansion driven by ongoing R&D and multi-stakeholder collaboration.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Interface
    3. Market Snapshot, By Mode
    4. Market Snapshot, By Care Setting
    5. Market Snapshot, By Region
  4. Ventilators Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Prevalence of Respiratory Diseases
        2. Increasing Aging Population
        3. Growing Healthcare Investments
      2. Restraints
        1. Supply Chain Disruptions
        2. High Cost of Ventilators
        3. Limited Access
      3. Opportunities
        1. Expansion in Homecare Settings
        2. Telemedicine Integration
        3. Innovation in Portable Ventilators
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Ventilators Market, By Type, 2021 - 2031 (USD Million)
      1. Intensive Care Ventilators
        1. High-End ICU Ventilators
        2. Mid-End ICU Ventilators
        3. Basic ICU Ventilators
      2. Portable & Transportable Ventilators
    2. Ventilators Market, By Interface, 2021 - 2031 (USD Million)
      1. Hybrid Ventilation
      2. Non-Invasive Ventilation
      3. Invasive Ventilation
    3. Ventilators Market, By Mode, 2021 - 2031 (USD Million)
      1. Combined-Mode Ventilators
      2. Volume-Mode Ventilators
      3. Pressure-Mode Ventilators
      4. Others
    4. Ventilators Market, By Care Setting, 2021 - 2031 (USD Million)
      1. Hospitals & Clinics
      2. Ambulatory Care Centers
      3. Emergency Medical Services
      4. Home Care Settings
    5. Ventilators Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Philips
      2. Medtronic
      3. Drägerwerk AG & Co.
      4. GE Healthcare
      5. Getinge
      6. Hamilton Medical
      7. ResMed, Inc.
      8. Vyaire Medical, Inc.
      9. Fisher & Paykel Healthcare Limited
      10. Smiths Group
      11. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
      12. Nihon Kohden Corporation
      13. Air Liquide Medical Systems
      14. Allied Healthcare Products, Inc.
      15. Ventec Life Systems
  7. Analyst Views
  8. Future Outlook of the Market