Global Mechanical Ventilator Market Size & Outlook

The global mechanical ventilator market size was estimated at USD 3,169.3 million in 2024 and is projected to reach USD 4,223.9 million by 2030, growing at a CAGR of 4.9% from 2025 to 2030.
Revenue, 2024 (US$M)
$3,169.3
Forecast, 2030 (US$M)
$4,223.9
CAGR, 2025 - 2030
4.9%
Report Coverage
Worldwide

Global mechanical ventilator market, 2018-2030 (US$M)

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Global mechanical ventilator market highlights

  • The global mechanical ventilator market generated a revenue of USD 3,169.3 million in 2024 and is expected to reach USD 4,223.9 million by 2030.
  • The market is expected to grow at a CAGR (2025 - 2030) of 4.9% by 2030.
  • In terms of segment, non-invasive accounted for a revenue of USD 1,833.5 million in 2024.
  • Non-invasive is the most lucrative interphase segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2024.
  • Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.

Global data book summary

Market revenue in 2024USD 3,169.3 million
Market revenue in 2030USD 4,223.9 million
Growth rate4.9% (CAGR from 2025 to 2030)
Largest segmentNon-invasive
Fastest growing segmentNon-invasive
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInvasive, Non-invasive

Other key industry trends

  • In terms of revenue, the North America accounted for 42.4% of the global mechanical ventilator market in 2024.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Mexico is the fastest growing regional market and is projected to reach USD 70.0 million by 2030.

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Mechanical Ventilator Market Companies

Name Profile # Employees HQ Website
HEYER Medical View profile 101-250 Germany, Georgia, United States, North America https://heyermedical.de/
Bio Med Sciences View profile 11-50 Allentown, Pennsylvania, United States, North America http://www.silon.com/
Airon View profile 11-50 Melbourne, Florida, United States, North America https://aironusa.com
Magnamed View profile 51-100 São Paulo, Sao Paulo, Brazil, South America https://www.inovacoesmagnamed.com.br/
Metran Co View profile 11-50 Kawaguchi, Saitama, Japan, Asia https://www.metran.co.jp
Leistung Engineering View profile 51-100 Ahmedabad, Gujarat, India, Asia https://leistung.in
Avasarala Technologies View profile 501-1000 Bengaluru, Karnataka, India, Asia http://www.avasarala.com
Axcent Medical View profile 11-50 Koblenz, Rheinland-Pfalz, Germany, Europe https://www.axcentmedical.com
Vyaire Medical View profile 1001-5000 Lake Forest, Illinois, United States, North America http://www.vyaire.com/
Schiller Healthcare View profile 11-50 Andheri, Maharashtra, India, Asia http://www.schiller.ch/in/en
shenzhen mindray automation equipment co. View profile 101-250 Baoan, Guangdong, China, Asia https://www.mindray-ele.com
Allied Healthcare Products Inc View profile 146 1720 Sublette Avenue, Saint Louis, MO, United States, 63110 https://www.alliedhpi.com
Air Liquide SA View profile 67800 75, Quai d'Orsay, Paris, France, 75007 https://www.airliquide.com
MicroPort Scientific Corp View profile 8230 1601 Zhangdong Road, Zhangjiang Hi-Tech Park, Shanghai, China, People's Republic of, 201203 https://www.microport.com
BIOTRONIK View profile 5001-10000 Berlin, Berlin, Germany, Europe https://www.biotronik.com/de-de
Eastwood Bio-Medical Canada Inc View profile - 4871 Shell Road, Suite 1130, Richmond, BC, Canada, V6X 3Z6 https://www.eleotin.ca
Draegerwerk AG & Co KGaA View profile 16476 Moislinger Allee 53–55, Lubeck, Germany, 23542 https://www.draeger.com
Nihon Kohden Corp View profile 6325 31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, Japan, 1618560 http://www.nihonkohden.co.jp
Hamilton Lane Inc Class A View profile 600 110 Washington Street, Suite 1300, Conshohocken, PA, United States, 19428 https://www.hamiltonlane.com
Asahi Kasei Corp View profile 48897 1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, Japan, 101-8101 http://www.asahi-kasei.co.jp
Smiths Group PLC View profile 15000 11-12 St James’s Square, 4th Floor, London, United Kingdom, SW1Y 4LB https://www.smiths.com
Getinge AB ADR View profile 11862 Lindholmspiren 7A, P.O. Box 8861, Gothenburg, Sweden, SE-417 56 https://www.getinge.com
Boston Scientific Corp View profile 48000 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 https://www.bostonscientific.com
Stryker Corp View profile 52000 1941 Stryker Way, Portage, MI, United States, 49002 https://www.stryker.com
Medtronic PLC View profile 95000 Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 https://www.medtronic.com
Fisher & Paykel Healthcare Corp Ltd View profile 6584 15 Maurice Paykel Place, East Tamaki, Auckland, NTL, New Zealand, 2013 https://www.fphcare.com
ResMed Inc View profile 10140 9001 Spectrum Center Boulevard, San Diego, CA, United States, 92123 https://www.resmed.com
Koninklijke Philips NV View profile 73712 Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC https://www.philips.com
Abbott Laboratories View profile 114000 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 https://www.abbottinvestor.com
GE HealthCare Technologies Inc Common Stock View profile 51000 500 West Monroe Street, Chicago, IL, United States, 60661 https://www.gehealthcare.com
Baxter International Inc View profile 60000 One Baxter Parkway, Deerfield, IL, United States, 60015 https://www.baxter.com

Global mechanical ventilator market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mechanical ventilator market will help companies and investors design strategic landscapes.


Non-invasive was the largest segment with a revenue share of 57.85% in 2024. Horizon Databook has segmented the Global mechanical ventilator market based on invasive, non-invasive covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Mechanical Ventilator Interphase Outlook (Revenue, USD Million, 2018-2030)
    • Invasive
      • Ventilators
      • Accessories
    • Non-invasive
      • Ventilators
        • Acute care
        • Post-acute
        • Home care
          • COPD
          • Neuromuscular diseases
          • Others
      • Accessories
  • Global Mechanical Ventilator Product Outlook (Revenue, USD Million, 2018-2030)
    • Critical Care
      • Ventilators
      • Accessories
    • Neonatal
      • Ventilators
      • Accessories
    • Transport & Portable
      • Ventilators
      • Accessories
    • Other Product

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Target buyers of Global mechanical ventilator market databook

  • Our clientele includes a mix of mechanical ventilator market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global mechanical ventilator market , including forecasts for subscribers. This global databook contains high-level insights into Global mechanical ventilator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global mechanical ventilator market size, by regions, 2018-2030 (US$M)

Top 10 countries: Mechanical ventilator market size, 2024 (US$M)

Global mechanical ventilator market share, by interphase, 2024 & 2030 (%, US$M)

Mechanical ventilator market: Opportunity assessment by country

Global mechanical ventilator market, by region, 2024 (US$M)

Global mechanical ventilator market size, by regions, 2018-2030 (US$M)

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