Europe Mechanical Ventilators Market

Europe Mechanical Ventilators Market Size & Growth (2023 to 2028):

As per the research report, the size of the Europe Mechanical Ventilators Market is valued at USD 1.05 billion in 2023 and estimated to be growing at a CAGR of 15.16%, to reach USD 2.16 billion by 2028 during the forecast period 2023 to 2028.

The high growth rate can be attributed to the growing threat of COVID infection, as well as the increasing prevalence of asthma, lung disease, cancer, pneumonia and bronchitis.

The rapid growth in the number of patients suffering from various chronic diseases will drive the market growth in Europe. For example, according to recently published data, more than 50 million people in Europe are affected by chronic diseases. This large group of patients will drive a high adoption of mechanical ventilators, which will drive the growth of the market. In addition, the increasing number of people affected by COVID-19 in European countries will contribute to the growth of the market. For example, according to a report recently released by the World Health Organization, in early 2020, in Europe, the total of confirmed cases of COVID-19 was over 1.6 million. Therefore, the rapid increase in the number of patients affected by COVID-19 will drive the growth of the mechanical ventilator market.

However, the absence of an adequate repayment scenario in developing and underdeveloped economies will derail the market growth rate. Moreover, the high costs associated with the ventilator will be an additional restrain for the growth of the market.

Confirmed cases of coronavirus disease are increasing across Europe, demand for mechanical ventilators will increase in the years to come. Moreover, increased investment in healthcare sector and emergence of new technologies related to ventilation systems will positively influence the market growth during the forecast period. This will give rise to newer opportunities for growth in the region.

The strict regulations imposed by the government on the approval of new technologies will hamper the growth rate of the market.

This research report on the Europe Mechanical Ventilators Market has been segmented and sub-segmented into the following categories:

By Product Type:

• Critical Care
• Neonatal Intensive Care
• Portable
• Transport

By Mode:

• Invasive
• Non-invasive

By End User:

• Hospitals
• Trauma Centres
• Home Healthcare

By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

Mechanical Ventilators Market in Spain region held a market share of around 4.5% in 2019 and is expected to show exponential growth from 2023 to 2028. The huge growth in Spain is attributed to factors such as the increasing incidence of coronavirus disease and the increasing need for intensive care beds for the treatment of these patients. For example, according to a recently released report by the World Health Organization, in early 2022, in Spain, the total number of patients suffering from coronavirus disease was over 218,000. Therefore, the increase in the proportion of these patients will drive market growth in the near future. In addition, the advent of new technologies, combined with a high prevalence of respiratory disorders, will be beneficial for the country's growth.

The growing number of COVID-19 cases in the UK has led to an increase in the number of hospital admissions. To treat a group of patients affected by coronavirus, around 30,500 ventilators were needed in the country, according to recent figures. As coronavirus cases across the country have peaked, demand for ventilators is increasing dramatically. Amid shortages during the pandemic, governments are turning to the military for help, recruiting other manufacturers. Manufacturers have even turned to 3D printing for component production in hopes of increasing production of vital ventilation products.

Key players operating in the Europe Mechanical Ventilators Market profiled in this report are Dragerwerk AG & Co. KGaA, ResMed, Philips Healthcare, Medtronic Plc, GE Healthcare, Getinge Group, Smiths Medical, Fisher and Paykel Healthcare Limited, Dickinson and Company, Becton, and Hamilton Medical AG.