Ventilator Market Worth $5.4 Billion in 2027 – Exclusive Report
“The leading players in the ventilator market are Koninklijke Philips NV (Netherlands), ResMed (USA), Medtronic (Ireland), Vyaire Medical, Inc. (USA), Getinge AB (Sweden), Drägerwerk AG & CO. KGAA (Germany), ICU Medical, Inc. (USA), Hamilton Medical (Switzerland), GE Healthcare (USA), Air Liquide (France), Asahi Kasei Corporation (Japan)”
In June 2021, Vyaire Medical, Inc. partnered with GenWorks Healthcare Limited. The partnership in India expands the company’s footprint and provides greater access to high-quality lung screening, testing and treatment.
ventilator market is expected to reach $5.4 billion in 2027 from $3.9 billion in 2022, at a CAGR of 6.3% over the forecast period, according to a new report by MarketsandMarkets™. The growth of the global ventilator market is being driven by the rising burden of respiratory diseases, urbanization and increasing environmental pollution, rising cases of obesity due to a sedentary lifestyle, rapid growth in the geriatric population worldwide, a growing preference for home care environments, and an increasing number of preterm infants Births, outbreak of infectious respiratory diseases. However, shortage of healthcare professionals, excessive purchase of ventilators during Covid-19 and concerns about reimbursement are expected to negatively impact the market growth over the forecast period.
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60 – numbers
Based on mobility, the critical care ventilator segment accounted for the largest share of the ventilator market
In 2021, the intensive care ventilator segment accounted for the largest share of the ventilator market. The intensive care ventilator segment will continue to dominate the market during the forecast period. The large share of the intensive care ventilator segment can be attributed to the increasing establishment of new hospitals, particularly in emerging markets.