Ventilation Devices Market Size, Share, Industry Report 2031
Ventilation Devices Market Size, Share, Industry Report 2031
Segments - Ventilation Devices Market by Type (Non-invasive Devices and Invasive Devices), Product (Neonatal/Pediatric Ventilators, Long-term Care (LTAC) Ventilation Products, High-Frequency Ventilation Products, and Others), End-user (Clinics, Home Care, Ambulance, and Hospital), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
Upcoming
| Report ID :HC-5721
| 4.7 Rating
| 83 Reviews
| 255 Pages
| Format :
Report Description
Ventilation Devices Market Outlook 2031
The global ventilation devices market size was USD 1.5 billion in 2022 and is likely to reach USD 3.5 billion by 2031, expanding at a CAGR of 8.2 % during 2023–2031. The market growth is attributed to government regulations & standards, rising demand for respiratory support, and a rising aging population.
Stringent government regulations and standards related to air quality and worker safety are propelling the growth of the market. Rising concerns for air quality are compelling industries and businesses to invest in ventilation systems to meet compliance requirements. Increasing awareness of the importance of indoor air quality (IAQ) in homes, offices, and industrial settings is driving the adoption of ventilation devices to ensure healthy and safe environments.
Growing geriatric population is susceptible to respiratory ailmentsdue to their weaken immune system or preexisting health conditions. This led to an increasing need for respiratory care and home-based ventilation solutions. The trend towards home-based healthcare and telemedicine has boosted the market for home ventilation devices. It makes it easy for patients to manage respiratory conditions at home.
The research report finds that the COVID-19 pandemic has positively affected the market. The health crises of COVID-19 created the importance of ventilation in reducing the transmission of airborne diseases. Hospitals and healthcare facilities require ventilators to treat critically ill COVID-19 patients who experience respiratory distress.
The disruption of global supply chains, due to the pandemic, created challenges in the production and distribution of ventilation devices. Manufacturers had to adapt to new supply chain dynamics to meet the increased demand.
Artificial Intelligence Impact on Ventilation Devices
Artificial Intelligence (AI) has a significant impact on the ventilation devices market. AI optimizes the operation of ventilation systems by continuously monitoring and adjusting airflow and other parameters based on real-time conditions. This results in energy savings and reduces operating costs for businesses and homeowners. AI algorithms predict when and how much ventilation is needed, thus enhancing overall efficiency.
Ventilation Devices Market Dynamics
Major Drivers
Rising demand for respiratory support systems is propelling the ventilation devices market. The increasing prevalence of respiratory diseases such as COPD and asthma along with the need for ventilatory support during the COVID-19 pandemic has driven the demand for advanced respiratory ventilators and other related devices in the market. For Instance,
-
In June 2022, Warmafloor, a Wavin Group Company, introduced a new line of mechanical heat recovery ventilation systems. This range offers a whole end-to-end solution to control the airflow to any residential space.
The focus on sustainability and energy efficiency is fueling the development of ventilation devices, so as to consume less energy and reduce the operating costs for businesses & homeowners. Furthermore, the growing concerns about the impact of indoor air quality on health and the environment are encouraging investments in environment-friendly and low-emission ventilation solutions.
Existing Restraints
High initial costs are expected to restrain the ventilation devices market. Ventilation devices, especially with advanced and energy-efficient systems, are costly to purchase and install. This upfront expense deters some customers and businesses from investing in these solutions. Furthermore, the ongoing maintenance and operational expenses of ventilation devices, including filter replacements, energy consumption, and maintenance staff salaries are expected to hamper the market during the forecast period.
Emerging Opportunities
Rising technological advancements are expected to create lucrative opportunities in the market in the coming years. Continuous advancements in ventilation technology, including energy-efficient systems and smart ventilation solutions, are attracting users looking for effective and efficient options. The integration of Internet of Things (IoT) and connectivity in ventilation systems allows for remote monitoring and control, improving the efficiency and management of ventilation in various applications.
Scope of the Ventilation Devices Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Ventilation devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Type (Non-Invasive Devices and Invasive Devices), Product (Neonatal/Pediatric Ventilators, Long-term Care (LTAC) Ventilation Products, High-Frequency Ventilation Products, and Others), and End-user (Clinics, Home Care, Ambulance, and Hospital) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Airobot; CaptiveAire Systems, Inc.; Centrotec Sustainable AG; Nortek Incorporated; RestMed; Soler & Palau Group; and Twin City Fan Companies Ltd. |
Ventilation Devices Market Segment Insights
Type Segment Analysis
Based on type, the ventilation devices market is bifurcated into non-invasive devices and invasive devices. The non-invasive segment is expected to expand at a significant growth rate during the projection period, owing to its use in a variety of applications. The non-invasive segment has high oxygen concentration and the capacity to deliver accurate are vital elements propelling the segment.
Product Segment Analysis
On the basis of product, the global market is segregated into neonatal/pediatric ventilators, long-term care (LTAC) ventilation products, high-frequency ventilation products, and others. The high-frequency ventilation products segment is projected to register a considerable CAGR during the forecast period, due to the rising rate of premature births globally. The preterm births caused breathing problems in newborns, which generate the need for effective treatment solutions that fuels the market. For Instance,
-
According to the published report on January 31, 2022, the global number of ventilators in neonatal care was 2.8 million in 2020.
End-user Segment Analysis
On the basis of end-user, the ventilation devices market is segmented into clinics, home care, ambulance, and hospital. The hospital segment is expected to register a robust growth rate during the forecast period. The growth of the segment is attributed to the increasing expenditure on hospital spending. The growing importance of improved health outcomes and enhanced hospitality service is propelling the market.
Regional Outlook
In terms of region, the global ventilation devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the global market during the projection period, owing to improved living standards and increasing demand for air quality systems in the region.
Additionally, rough climatic conditions in the region such as heavy snowfall, hurricanes, and hailstorms are increasing the need for ventilation devices in the region, which is likely to propel the market in the coming years.
Segments
The Ventilation devices market has been segmented on the basis of
Type
- Non-Invasive Devices
- Invasive Devices
Product
- Neonatal/Pediatric Ventilators
- Long-term Care (LTAC) Ventilation Products
- High-Frequency Ventilation Products
- Others
End-user
- Clinics
- Home Care
- Ambulance
- Hospital
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Airobot
- CaptiveAire Systems, Inc.
- Centrotec Sustainable AG
- Nortek Incorporated
- RestMed
- Soler & Palau Group
- Twin City Fan Companies Ltd.
Competitive Landscape
Key players competing in the global ventilation devices market are Airobot; CaptiveAire Systems, Inc.; Centrotec Sustainable AG; Nortek Incorporated; RestMed; Soler & Palau Group; and Twin City Fan Companies Ltd.
These companies have adopted development strategies, including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion, to expand their consumer base across the globe. For instance,
-
On February 21, 2022, Airobot Technologies, an energy and heat recovery ventilation devices company, announced the expansion of its product range in the field of humidity. The company developed a Central Humidifier that keeps indoor humidity at a healthy level.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Ventilation Devices Market Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ventilation Devices Market Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ventilation Devices Market Market - Supply Chain
4.5. Global Ventilation Devices Market Market Forecast
4.5.1. Ventilation Devices Market Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ventilation Devices Market Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Ventilation Devices Market Market Absolute $ Opportunity
5. Global Ventilation Devices Market Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Ventilation Devices Market Market Size and Volume Forecast by Types
5.3.1. Non-Invasive Devices
5.3.2. Invasive Devices
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Ventilation Devices Market Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Ventilation Devices Market Market Size and Volume Forecast by End Users
6.3.1. Clinics
6.3.2. Home Care
6.3.3. Ambulance
6.3.4. Hospital
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Ventilation Devices Market Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Ventilation Devices Market Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Ventilation Devices Market Demand Share Forecast, 2019-2026
8. North America Ventilation Devices Market Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Ventilation Devices Market Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Ventilation Devices Market Market Size and Volume Forecast by Types
8.4.1. Non-Invasive Devices
8.4.2. Invasive Devices
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Ventilation Devices Market Market Size and Volume Forecast by End Users
8.7.1. Clinics
8.7.2. Home Care
8.7.3. Ambulance
8.7.4. Hospital
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Ventilation Devices Market Demand Share Forecast, 2019-2026
9. Latin America Ventilation Devices Market Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Ventilation Devices Market Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Ventilation Devices Market Market Size and Volume Forecast by Types
9.4.1. Non-Invasive Devices
9.4.2. Invasive Devices
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Ventilation Devices Market Market Size and Volume Forecast by End Users
9.7.1. Clinics
9.7.2. Home Care
9.7.3. Ambulance
9.7.4. Hospital
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Ventilation Devices Market Demand Share Forecast, 2019-2026
10. Europe Ventilation Devices Market Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Ventilation Devices Market Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Ventilation Devices Market Market Size and Volume Forecast by Types
10.4.1. Non-Invasive Devices
10.4.2. Invasive Devices
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Ventilation Devices Market Market Size and Volume Forecast by End Users
10.7.1. Clinics
10.7.2. Home Care
10.7.3. Ambulance
10.7.4. Hospital
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Ventilation Devices Market Demand Share Forecast, 2019-2026
11. Asia Pacific Ventilation Devices Market Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Ventilation Devices Market Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Ventilation Devices Market Market Size and Volume Forecast by Types
11.4.1. Non-Invasive Devices
11.4.2. Invasive Devices
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Ventilation Devices Market Market Size and Volume Forecast by End Users
11.7.1. Clinics
11.7.2. Home Care
11.7.3. Ambulance
11.7.4. Hospital
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Ventilation Devices Market Demand Share Forecast, 2019-2026
12. Middle East & Africa Ventilation Devices Market Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Ventilation Devices Market Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Ventilation Devices Market Market Size and Volume Forecast by Types
12.4.1. Non-Invasive Devices
12.4.2. Invasive Devices
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Ventilation Devices Market Market Size and Volume Forecast by End Users
12.7.1. Clinics
12.7.2. Home Care
12.7.3. Ambulance
12.7.4. Hospital
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Ventilation Devices Market Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Ventilation Devices Market Market: Market Share Analysis
13.2. Ventilation Devices Market Distributors and Customers
13.3. Ventilation Devices Market Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Airobot
13.4.2. CaptiveAire Systems, Inc.
13.4.3. Centrotec Sustainable AG
13.4.4. Nortek Incorporated
13.4.5. RestMed
13.4.6. Soler & Palau Group
13.4.7. Twin City Fan Companies Ltd.
Methodology
Related Reports
Some other reports from this category!
Our Clients
