Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 3.0 % over the past five years, to reach an estimated $4.9bn in 2024.
Trends and Insights
Pandemic production boom leaves manufacturers struggling with surpluses through 2024
- The pandemic's rapid spread overwhelmed healthcare systems worldwide. Ventilators were a critical resource as hospitals raced to accommodate the growing number of patients, but most facilities had limited stockpiles. This created an enormous mismatch between supply and demand, leading to unprecedented global competition for ventilators.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Ventilator manufacturers will invest in building flexible supply chains
- Medical device manufacturers are addressing supply chain vulnerabilities exposed by global events like the pandemic and geopolitical tensions. Many are investing in reshoring, as production facilities closer to home enhance quality control, reduce transportation costs and speed up delivery, especially with the help of automation and government incentives.
Biggest companies in the Global Respiratory Ventilator Manufacturing
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Global Respiratory Ventilator Manufacturing industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Critical care ventilators, Transport and emergency care ventilators and Home care ventilators. Critical care ventilators is the largest segment of the Global Respiratory Ventilator Manufacturing.
Trends and Insights
Hospital ventilators define the industry
- Hospital ventilators, typically large and sophisticated devices, constitute nearly two-thirds of ventilator sales.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Respiratory ventilator manufacturers design, produce and distribute ventilators—medical devices that provide mechanical assistance to patients who can't breathe adequately. These manufacturers operate in multiple markets worldwide. They typically specialize in advanced engineering, medical-grade materials and precise manufacturing processes, with their products used in various settings, including hospitals, emergency care, and home healthcare.
What's included in this industry?
Manufacturing critical care ventilatorsManufacturing transport ventilatorsManufacturing emergency care ventilatorsManufacturing home care ventilatorsManufacturing sub-acute care ventilatorsManufacturing MRI compatible ventilatorsManufacturing neonatal ventilatorsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
MECHANICAL VENTILATIONCONSUMABLESNEONATALPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
A rapid scale-up of ventilator production during COVID-19 has left supply exceeding demand. A ventilator oversupply, coupled with weakening demand, has created pricing pressu...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Hospitals are the single-largest end market for respiratory ventilators. Ventilators are critical for live-saving care in routine and emergency care, creating continuous and ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Europe is a leading region in respiratory ventilator production. The EU's trade policies create a supportive environment for large medical device manufacturers.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2024
- Share of population compared to output in each region in 2024
- Data tables
- Share of global output by region in 2024
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Consolidation in the respiratory ventilator market is intensifying competition. Larger manufacturers leverage economies of scale to reduce costs, enhance innovation and reach...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Global healthcare needs require a diverse range of ventilators. No single company could support the scale and scope of global healthcare systems, supporting a fragmented indu...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Ventilators are central to meeting the complex medical needs of adults 65 and over worldwide. Growth in this demographic emphasizes the need for efficient ventilator producti...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Pricing pressures push profit down for ventilator manufacturers. Excess supply in a postpandemic environment disincentivizes new contracts and compels manufacturers to lower ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Respiratory Ventilator Manufacturing industry in Global in 2024?
The market size of the Global Respiratory Ventilator Manufacturing industry in Global is $4.9bn in 2024.
How many businesses are there in the Global Respiratory Ventilator Manufacturing industry in 2024?
There are 143 businesses in the Global Respiratory Ventilator Manufacturing industry in Global, which has grown at a CAGR of 9.0 % between 2019 and 2024.
Has the Global Respiratory Ventilator Manufacturing industry in Global grown or declined over the past 5 years?
The market size of the Global Respiratory Ventilator Manufacturing industry in Global has been declining at a CAGR of 3.0 % between 2019 and 2024.
What is the forecast growth of the Global Respiratory Ventilator Manufacturing industry in Global over the next 5 years?
Over the next five years, the Global Respiratory Ventilator Manufacturing industry in Global is expected to grow.
What does the Global Respiratory Ventilator Manufacturing in Global include?
Manufacturing critical care ventilators and Manufacturing transport ventilators are part of the Global Respiratory Ventilator Manufacturing industry.
How competitive is the Global Respiratory Ventilator Manufacturing industry in Global?
The level of competition is moderate and increasing in the Global Respiratory Ventilator Manufacturing industry in Global.
Related Industries
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Competitors
- Global Car & Automobile Manufacturing
Complementors
- Global Pharmaceuticals & Medicine Manufacturing
- Global Health Care Equipment Manufacturing
- Global Medical Device Manufacturing
International industries
- Medical Device Manufacturing in the US
- Medical Device Manufacturing in Canada
- Medical & Dental Equipment Manufacturing in Mexico
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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