Analysts’ Viewpoint on Market Scenario
Increase in movement of patients in hospitals and long-term care centers is projected to drive the global portable ventilator market size during the forecast period. Portable ventilators are used to provide oxygen to patients suffering from chronic diseases.
Rise in the geriatric population is anticipated to boost market progress in the next few years. Geriatric people are at high risk of chronic conditions and may require portable ventilators to aid in breathing.
Surge in the prevalence of chronic diseases is expected to offer lucrative growth opportunities for vendors in the industry. Vendors are focused on the approval and launch of advanced products to increase their portable ventilator market share.
Portable ventilators are mobile devices with features such as wireless connectivity, touchscreens, and data tracking. These ventilators are designed to provide mechanical ventilation in settings where piped gases and mains electricity are not available.
Portable ventilators offer ventilator support to ICU patients. Most ventilators possess reliable batteries. Majority of portable ventilator manufacturers offer products with a battery life of more than eight hours. Portable ventilators are useful when patients are transported between various healthcare settings. These ventilators have small size, low weight, and reduced requirements of external power, and lower rate of gas consumption than mechanical ventilators.
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The COVID-19 pandemic led to surge in the preference for home healthcare, as people avoided crowded healthcare settings. The pandemic also led to an acute shortage of mechanical ventilators, which led to high demand for their portable counterparts.
Air Quality Index (AQI) in several cities worldwide has declined significantly due to air pollution. Thus, individuals who experience respiratory issues need portable ventilators to assist with breathing. Therefore, rise in adoption of home healthcare and increase in air pollution are likely to propel the demand for portable ventilators in the next few years.
Surge in the number of preterm births has led to high usage of neonatal portable ventilators. Governments across the globe are investing significantly in healthcare infrastructure. Rise in healthcare expenditure in developing countries is expected to augment market statistics in the near future.
Portable ventilators are designed to be mobile and easy to transport, making them well-suited for use in hospitals and long-term care centers. Hospitals and long-term care centers often become crowded. Thus, portable ventilators play a critical role in the effective treatment and management of various diseases.
Portable ventilators facilitate patient transport between different units or wards, emergency transport, and inter-hospital transfer. Effective mobility of patients can help reduce the risk of hospital-acquired infections and improve the efficiency of overall healthcare. These benefits fuel the portable ventilator market development.
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Life expectancy of people has increased in the last decade. This has led to a large population in the above reproducible age group. Prevalence of chronic respiratory conditions is high in this age group owing to the weakening of the immune system with age. Certain chronic respiratory disorders require long-term management and treatment, which boosts the demand for portable ventilators.
Older adults are more likely to have mobility issues and require assistance with daily activities. Portable ventilators are designed to be lightweight and easy to carry, making them an ideal solution for older adults who require respiratory support. People above the age of 65 years also require home healthcare services. Therefore, increase in the geriatric population is likely to augment the portable ventilator market dynamics in the near future.
The portable ventilator product type segment is expected to dominate the portable ventilator industry during the forecast period. Portable ventilators offer a wide range of benefits over traditional ventilators. These ventilators are suitable for patients who need to be moved frequently.
Portable ventilators can be used in a variety of settings, including hospitals, nursing homes, and even in patients’ homes. This flexibility allows for more personalized care and better monitoring of a patient’s condition. Portable ventilators are designed with user-friendly interfaces, making them easy to operate and monitor, even for healthcare professionals with limited experience.
According to the latest portable ventilator market trends, the in-hospital transport application segment is estimated to hold largest share during the forecast period. The segment dominated the market in 2021. Portable ventilators are particularly useful for critically ill patients who need respiratory support while being moved between different areas of the hospital, such as the intensive care unit and the operating room.
Portable ventilators are designed to be lightweight and easy to transport, allowing healthcare professionals to provide continuous respiratory support while moving patients. In-hospital transport of patients with portable ventilators is more cost-effective than transferring patients to another hospital for treatment.
North America is projected to dominate the industry during the forecast period, followed by Europe. High rate of adoption of advanced medical technologies, the presence of major vendors, and rise in healthcare expenditure are likely to boost market revenue in the region.
According to the National Statistics Group, health spending in the U.S. was estimated to increase at an average rate of 5.8% from 2012 to 2022, which is 1% faster than the expected average annual growth in GDP. Surge in awareness about the benefits of portable ventilators and launch of new products are expected to propel market size in Europe.
The industry in Asia Pacific is driven by rise in government expenditure on healthcare infrastructure, increase in investment in the R&D of new products, and surge in cases of COVID-19 in the region. Economic growth and increase in urban population are estimated to augment the market share held by Latin America and Middle East & Africa during the forecast period.
The global market is fragmented, with the presence of a large number of vendors such as Hamilton Medical, Medtronic, Vyaire, Airon Corporation, WEINMANN Emergency Medical Technology GmbH + Co. KG, Smiths Medical (ICU Medical, Inc.), Air Liquide Medical Systems, Dragerwerk AG & Co. KGaA, GE HealthCare, ZOLL Medical Corporation, Koninklijke Philips N.V., and ResMed.
Key vendors in the market report have been profiled based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
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Attribute |
Detail |
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Market Size in 2021 |
US$ 856.4 Mn |
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Forecast Value in 2031 |
More than US$ 1.5 Bn |
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CAGR - 2022–2031 |
5.7% |
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Forecast Period |
2022–2031 |
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Historical Data Available for |
2017–2021 |
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Quantitative Units |
US$ Mn/Bn for Value |
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Market Analysis |
It includes segment analysis as well as regional level analysis. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
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Competition Landscape |
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|
Format |
Electronic (PDF) + Excel |
|
Segmentation |
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|
.Regions Covered |
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Countries Covered |
|
|
Companies Profiled |
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|
Customization Scope |
Available upon request |
|
Pricing |
Available upon request |
It was valued at US$ 856.4 Mn in 2021
It is projected to reach more than US$ 1.5 Bn by the end of 2031
It is anticipated to be 5.7% from 2022 to 2031
The portable ventilator segment held more than 70.0% share in 2021
North America is expected to account for largest share from 2022 to 2031
Hamilton Medical, Medtronic, Vyaire, Airon Corporation, WEINMANN Emergency Medical Technology GmbH + Co. KG, Smiths Medical (ICU Medical, Inc.), Air Liquide Medical Systems, Dragerwerk AG & Co. KGaA, GE HealthCare, ZOLL Medical Corporation, Koninklijke Philips N.V., and ResMed
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Portable Ventilator Market
4. Market Overview
4.1. Introduction
4.1.1. Segment Definition
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Portable Ventilator Market Analysis and Forecast, 2017 - 2031
4.4.1. Market Revenue Projection (US$ Mn)
5. Key Insights
5.1. Key Product/Brand Analysis
5.2. Technological Advancements
5.3. Disease Prevalence & Incidence Rate Globally with Key Countries
5.4. COVID-19 Impact Analysis
6. Global Portable Ventilator Market Analysis and Forecast, by Product Type
6.1. Introduction & Definition
6.2. Key Findings/Developments
6.3. Market Value Forecast By Product Type, 2017 - 2031
6.3.1. Portable Ventilator
6.3.2. Accessories
6.4. Market Attractiveness By Product Type
7. Global Portable Ventilator Market Analysis and Forecast, by Application
7.1. Introduction & Definition
7.2. Key Findings/Developments
7.3. Market Value Forecast By Application, 2017 - 2031
7.3.1. In-hospital Transport
7.3.2. Long-term Care
7.3.3. Mass-casualty Critical Care
7.3.4. Others
7.4. Market Attractiveness By Application
8. Global Portable Ventilator Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast By Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness By Country/Region
9. North America Portable Ventilator Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast By Product Type, 2017 - 2031
9.2.1. Portable Ventilator
9.2.2. Accessories
9.3. Market Value Forecast By Application, 2017 - 2031
9.3.1. In-hospital Transport
9.3.2. Long-term Care
9.3.3. Mass-casualty Critical Care
9.3.4. Others
9.4. Market Value Forecast By Country, 2017 - 2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Product Type
9.5.2. By Application
9.5.3. By Country
10. Europe Portable Ventilator Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast By Product Type, 2017 - 2031
10.2.1. Portable Ventilator
10.2.2. Accessories
10.3. Market Value Forecast By Application, 2017 - 2031
10.3.1. In-hospital Transport
10.3.2. Long-term Care
10.3.3. Mass-casualty Critical Care
10.3.4. Others
10.4. Market Value Forecast By Country/Sub-region, 2017 - 2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Product Type
10.5.2. By Application
10.5.3. By Country/Sub-region
11. Asia Pacific Portable Ventilator Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast By Product Type, 2017 - 2031
11.2.1. Portable Ventilator
11.2.2. Accessories
11.3. Market Value Forecast By Application, 2017 - 2031
11.3.1. In-hospital Transport
11.3.2. Long-term Care
11.3.3. Mass-casualty Critical Care
11.3.4. Others
11.4. Market Value Forecast By Country/Sub-region, 2017 - 2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Product Type
11.5.2. By Application
11.5.3. By Country/Sub-region
12. Latin America Portable Ventilator Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast By Product Type, 2017 - 2031
12.2.1. Portable Ventilator
12.2.2. Accessories
12.3. Market Value Forecast By Application, 2017 - 2031
12.3.1. In-hospital Transport
12.3.2. Long-term Care
12.3.3. Mass-casualty Critical Care
12.3.4. Others
12.4. Market Value Forecast By Country/Sub-region, 2017 - 2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Product Type
12.5.2. By Application
12.5.3. By Country/Sub-region
13. Middle East & Africa Portable Ventilator Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast By Product Type, 2017 - 2031
13.2.1. Portable Ventilator
13.2.2. Accessories
13.3. Market Value Forecast By Application, 2017 - 2031
13.3.1. In-hospital Transport
13.3.2. Long-term Care
13.3.3. Mass-casualty Critical Care
13.3.4. Others
13.4. Market Value Forecast By Country/Sub-region, 2017 - 2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & South Africa
13.5. Market Attractiveness Analysis
13.5.1. By Product Type
13.5.2. By Application
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player – Competition Matrix (By Tier and Size of Companies)
14.2. Market Share Analysis By Company (2021)
14.3. Company Profiles
14.3.1. Hamilton Medical
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Business Strategies
14.3.1.5. Recent Developments
14.3.2. Medtronic
14.3.2.1. Company Overview
14.3.2.2. Financial Overview
14.3.2.3. Product Portfolio
14.3.2.4. Business Strategies
14.3.2.5. Recent Developments
14.3.3. Vyaire
14.3.3.1. Company Overview
14.3.3.2. Financial Overview
14.3.3.3. Product Portfolio
14.3.3.4. Business Strategies
14.3.3.5. Recent Developments
14.3.4. Airon Corporation
14.3.4.1. Company Overview
14.3.4.2. Financial Overview
14.3.4.3. Product Portfolio
14.3.4.4. Business Strategies
14.3.4.5. Recent Developments
14.3.5. WEINMANN Emergency Medical Technology GmbH + Co. KG
14.3.5.1. Company Overview
14.3.5.2. Financial Overview
14.3.5.3. Product Portfolio
14.3.5.4. Business Strategies
14.3.5.5. Recent Developments
14.3.6. Smiths Medical (ICU Medical, Inc.)
14.3.6.1. Company Overview
14.3.6.2. Financial Overview
14.3.6.3. Product Portfolio
14.3.6.4. Business Strategies
14.3.6.5. Recent Developments
14.3.7. Air Liquide Medical Systems
14.3.7.1. Company Overview
14.3.7.2. Financial Overview
14.3.7.3. Product Portfolio
14.3.7.4. Business Strategies
14.3.7.5. Recent Developments
14.3.8. Dragerwerk AG & Co. KGaA
14.3.8.1. Company Overview
14.3.8.2. Financial Overview
14.3.8.3. Product Portfolio
14.3.8.4. Business Strategies
14.3.8.5. Recent Developments
14.3.9. GE HealthCare
14.3.9.1. Company Overview
14.3.9.2. Financial Overview
14.3.9.3. Product Portfolio
14.3.9.4. Business Strategies
14.3.9.5. Recent Developments
14.3.10. ZOLL Medical Corporation
14.3.10.1. Company Overview
14.3.10.2. Financial Overview
14.3.10.3. Product Portfolio
14.3.10.4. Business Strategies
14.3.10.5. Recent Developments
14.3.11. Koninklijke Philips N.V.
14.3.11.1. Company Overview
14.3.11.2. Financial Overview
14.3.11.3. Product Portfolio
14.3.11.4. Business Strategies
14.3.11.5. Recent Developments
14.3.12. ResMed
14.3.12.1. Company Overview
14.3.12.2. Financial Overview
14.3.12.3. Product Portfolio
14.3.12.4. Business Strategies
14.3.12.5. Recent Developments
List of Table
Table 01: Global Portable Ventilator Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 02: Global Portable Ventilator Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 03: Global Portable Ventilator Market Value (US$ Mn) Forecast, by Region, 2017–2031
Table 04: North America Portable Ventilator Market Value (US$ Mn) Forecast, by Country, 2017–2031
Table 05: North America Portable Ventilator Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 06: North America Portable Ventilator Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 07: Europe Portable Ventilator Market Value (US$ Mn) Forecast, by Country/Sub-Region, 2017–2031
Table 08: Europe Portable Ventilator Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 09: Europe Portable Ventilator Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 10: Asia Pacific Portable Ventilator Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 11: Asia Pacific Portable Ventilator Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 12: Asia Pacific Portable Ventilator Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 13: Latin America Portable Ventilator Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 14: Latin America Portable Ventilator Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 15: Latin America Portable Ventilator Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 16: Middle East & Africa Portable Ventilator Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 17: Middle East & Africa Portable Ventilator Market Value (US$ Mn) Forecast, by Product Type, 2017‒2031
Table 18: Middle East & Africa Portable Ventilator Market Value (US$ Mn) Forecast, by Application, 2017–2031
List of Figures
Figure 01: Global Portable Ventilator Market Value (US$ Mn) Forecast, 2017–2031
Figure 02: Portable Ventilator Market Value Share, by Product Type, 2021
Figure 03: Portable Ventilator Market Value Share, by Application, 2021
Figure 04: Portable Ventilator Market Value Share, by Region, 2021
Figure 05: Global Portable Ventilator Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 06: Global Portable Ventilator Market Attractiveness Analysis, by Product Type, 2022–2031
Figure 07: Global Portable Ventilator Market Value (US$ Mn), by Portable Ventilator 2017‒2031
Figure 08: Global Portable Ventilator Market Value (US$ Mn), by Accessories, 2017‒2031
Figure 09: Global Portable Ventilator Market Value Share Analysis, by Application 2021 and 2031
Figure 10: Global Portable Ventilator Market Attractiveness Analysis, by Application 2022–2031
Figure 11: Global Portable Ventilator Market Value (US$ Mn), by In-hospital Transport, 2017–2031
Figure 12: Global Portable Ventilator Market Value (US$ Mn), by Long-term care, 2017–2031
Figure 13: Global Portable Ventilator Market Value (US$ Mn), by Mass-casualty Critical Care, 2017–2031
Figure 14: Global Portable Ventilator Market Value (US$ Mn), by Others, 2017–2031
Figure 15: Global Portable Ventilator Market Value Share Analysis, by Region, 2021 and 2031
Figure 16: Global Portable Ventilator Market Attractiveness Analysis, by Region, 2022–2031
Figure 17: North America Portable Ventilator Market Value (US$ Mn) Forecast, 2017–2031
Figure 18: North America Portable Ventilator Market Value Share Analysis, by Country, 2021 and 2031
Figure 19: North America Portable Ventilator Market Attractiveness Analysis, by Country, 2022–2031
Figure 20: North America Portable Ventilator Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 21: North America Portable Ventilator Market Attractiveness Analysis, by Product Type 2022–2031
Figure 22: North America Portable Ventilator Market Value Share Analysis, by Application, 2021 and 2031
Figure 23: North America Portable Ventilator Market Attractiveness Analysis, by Application, 2022–2031
Figure 24: Europe Portable Ventilator Market Value (US$ Mn) Forecast, 2017–2031
Figure 25: Europe Portable Ventilator Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 26: Europe Portable Ventilator Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 27: Europe Portable Ventilator Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 28: Europe Portable Ventilator Market Attractiveness Analysis, by Product Type, 2022–2031
Figure 29: Europe Portable Ventilator Market Value Share Analysis, by Application, 2021 and 2031
Figure 30: Europe Portable Ventilator Market Attractiveness Analysis, by Application, 2022–2031
Figure 31: Asia Pacific Portable Ventilator Market Value (US$ Mn) Forecast, 2017–2031
Figure 32: Asia Pacific Portable Ventilator Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 33: Asia Pacific Portable Ventilator Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 34: Asia Pacific Portable Ventilator Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 35: Asia Pacific Portable Ventilator Market Attractiveness Analysis, by Product Type, 2022–2031
Figure 36: Asia Pacific Portable Ventilator Market Value Share Analysis, by Application, 2021 and 2031
Figure 37: Asia Pacific Portable Ventilator Market Attractiveness Analysis, by Application, 2022–2031
Figure 38: Latin America Portable Ventilator Market Value (US$ Mn) Forecast, 2017–2031
Figure 39: Latin America Portable Ventilator Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 40: Latin America Portable Ventilator Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 41: Latin America Portable Ventilator Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 42: Latin America Portable Ventilator Market Attractiveness Analysis, by Product Type, 2022–2031
Figure 43: Latin America Portable Ventilator Market Value Share Analysis, by Application, 2021 and 2031
Figure 44: Latin America Portable Ventilator Market Attractiveness Analysis, by Application, 2022–2031
Figure 45: Middle East & Africa Portable Ventilator Market Value (US$ Mn) Forecast, 2017–2031
Figure 46: Middle East & Africa Portable Ventilator Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 47: Middle East & Africa Portable Ventilator Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
Figure 48: Middle East & Africa Portable Ventilator Market Value Share Analysis, by Product Type, 2021 and 2031
Figure 49: Middle East & Africa Portable Ventilator Market Attractiveness Analysis, by Product Type, 2022–2031
Figure 50: Middle East & Africa Portable Ventilator Market Value Share Analysis, by Application, 2021 and 2031
Figure 51: Middle East & Africa Portable Ventilator Market Attractiveness Analysis, by Application, 2022–2031
Figure 52: Company Share Analysis
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Portable Ventilator Market
