Mechanical Ventilator Market Regional Analysis:
North America Market Insights
North America industry is poised to dominate majority revenue share of 52% by 2035. The U.S. is dominating the market due to the high investment in medical technologies and advanced patient care. For instance, On July 4, 2024, Air Liquide Medical Systems announced the launch of the Monnal TEO-Resuscitation Ventilator for intensive and critical care in the U.S. market. This new ventilator, designed and built in France, demonstrates the continuous commitment of the company to developing mechanical ventilation.
Meanwhile, in Canada, the mechanical ventilator market is witnessing a rising trend, driven by the country's universal healthcare system. The initiatives toward better respiratory care in a growing incidence of chronic obstructive pulmonary disease also push the demand. Further, the modernizing of healthcare facilities in the country by the government is driving the advancement in medical devices, which further bolsters the market's growth in this country.
Asia Pacific Market Insights
Asia Pacific mechanical ventilator market is anticipated to continue to experience rapid CAGR through 2035 owing to surging healthcare expenditure and an increasing burden of respiratory diseases in some major economies such as India, China, and Japan. The market is growing across China as the government emphasizes enhancing healthcare facilities and ensuring better treatment for cases of respiratory illness, especially among the aged population. The initiatives to reduce air pollution, the most important cause of respiratory disease, will considerably hamper the growth of the mechanical ventilator market in the country.
Mechanical ventilator demand in India is on the rise, especially in rural areas, where evidence of critical care is still at a nascent stage. This market is expected to register significant growth as many governments are taking initiatives to improve healthcare infrastructure and trying to make the needed essential medical devices available on a large scale. One of the cases in point is the Indian government initiative, Ayushman Bharat-universal health coverage, which has a strong effect on changing market demand for critical care devices, such as ventilator, amongst others.
