The Europe ventilators market is expected to grow from US$ 1,387.09 million in 2022 to US$ 2,280.95 million by 2028; it is estimated to register a CAGR of 8.6% from 2022 to 2028.
Rapid Increase in Geriatric Population Fuels Europe Ventilators Market
The rise in life expectancy is increasing the geriatric population. A rise in the geriatric population, especially people aged above 60, has led to an increase in geriatric ailments, leading to a greater requirement for intensive care, including mechanical ventilation. Elderly patients are progressively opting for intensive care unit (ICU) treatment with mechanical ventilation (MV). Non-invasive ventilation (NIV) is a better alternative for elderly patients admitted to hospitals for the treatment of respiratory diseases. According to one of the studies published in Medicina Intensiva, the journal of the Spanish Society of Intensive and Critical Care Medicine and Coronary Units (SEMICIUC), patients aged above 75 exhibits significantly greater in-ICU mechanical ventilation requirements. In addition, aging is the main factor that contributes to the increase in the number of chronic-degenerative disease cases; in a few cases, aging-related issues lead to the need for interventions that require admission to ICUs. Thus, rapid growth in the geriatric population is boosting the demand for ventilatory support, which is fueling the Europe ventilators market growth.
Europe Ventilators Market Overview
Europe is expected to be the second largest market for ventilators in the forecast period owing to factors such as the continuous upgradation of novel technologies and rise in the prevalence of respiratory diseases. Also, the growing research and development in the field of ventilators and advanced healthcare infrastructure are likely to create more opportunities for the market growth in the coming years.
Europe Ventilators Market Segmentation
The Europe ventilators market is segmented on the basis of mobility, clinical indication, patients, interface, mode, end user, and country.
Based on mobility, the Europe ventilators market is bifurcated into intensive care ventilators and portable/transportable ventilators. The intensive care ventilators segment held a larger Europe ventilators market share in 2022.
Based on clinical indication, the Europe ventilators market is segmented into medical (in general), trauma, neurological (emergency cranial surgery or with complex skull base tumor resections), surgical, and others. The medical (in general) segment held the largest Europe ventilators market share in 2022.
Based on patients, the Europe ventilators market is bifurcated into adult and pediatric & neonatal. The adult segment held a larger Europe ventilators market share in 2022.
Based on interface, the Europe ventilators market is divided into invasive and non-invasive. The invasive segment held a larger Europe ventilators market share in 2022.
Based on mode, the Europe ventilators market is segmented into combined mode ventilation, volume mode, ventilation, pressure mode ventilation, neurally adjusted ventilatory assist (NAVA), inverse ratio ventilation (IRV), prone ventilation, high-frequency oscillatory ventilation (HFOV), high-frequency percussive ventilation (HFPV), and other. The combined mode ventilation segment held the largest Europe ventilators market share in 2022.
Based on end user, the Europe ventilators market is segmented into hospitals & clinics, home care, ambulatory care centers, and emergency medical services (EMS). The hospitals & clinics segment held the largest Europe ventilators market share in 2022.
Based on country, the Europe ventilators market is segmented into Germany, France, the UK, Italy, Spain, and the Rest of Europe. The Rest of Europe dominated the Europe ventilators market share in 2022.
Dragerwerk AG & Co. KGaA; Fisher & Paykel Healthcare Limited; General Electric Co; Getinge AB; Hamilton Medical; Koninklijke Philips NV; Medtronic Plc; ResMed Inc.; and VYAIRE MEDICAL, INC. are the leading companies operating in the Europe ventilators market.