Mechanical Ventilators Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Invasive Ventilators, Non-Invasive Ventilators, Portable/Transport Ventilators, Others), By Mode of Ventilation (Volume-Controlled Ventilation, Pressure-Controlled Ventilation, Other Modes), By End User (Hospitals & Clinics, Ambulatory Care Centers, Homecare Settings, Others) and Region Forecast 2020-2031

Mechanical Ventilators Market size was valued at US$ 3,200.0 million in 2024 and and is expected to reach US$ 4,532.8 million by 2031, growing at a significant CAGR of 4.8% from 2025-2031. Moreover, the U.S.  market is projected to grow at 5% in future. The Mechanical Ventilators Market refers to the global industry involved in the design, production, and distribution of devices that provide mechanical assistance for patients who are unable to breathe adequately on their own. These devices deliver controlled airflow into the lungs to maintain proper oxygen and carbon dioxide exchange, and are commonly used in critical care, emergency medicine, anesthesia, and homecare settings. The market encompasses various types of ventilators such as invasive, non-invasive, portable, and transport ventilators, along with their associated accessories and consumables.

The Mechanical Ventilators Market has experienced significant growth due to the rising incidence of chronic respiratory diseases, increased prevalence of conditions such as COPD and asthma, and the growing aging population prone to respiratory failure. Technological advancements, including the integration of AI and remote monitoring capabilities, have enhanced device efficiency and patient safety. The COVID-19 pandemic also played a pivotal role in accelerating demand for ventilators worldwide. Additionally, the expanding home healthcare segment and ongoing innovations in portable and non-invasive ventilators are expected to drive sustained market growth in the coming years.

 Key Developments 

• In June 2025, GE Healthcare issued a correction for certain Carestation devices due to the risk that they may not provide effective ventilation when used in Volume Control Ventilation mode. This action underscores the company's commitment to patient safety and the importance of ongoing monitoring and updates to medical equipment.
• In August 2025, Philips announced plans to invest more than US$ 150 million in manufacturing and research and development in the United States. This investment aims to expand production of AI-powered health technology innovations, including ventilators, to meet growing healthcare demands and enhance patient care.

Mechanical Ventilators Market Segmentation

Based on the product type 

• Invasive Ventilators
• Non-Invasive Ventilators
• Portable/Transport Ventilators
• Others

Among the various product types, the adoption of non-invasive ventilators is anticipated to be the leading driver of the Mechanical Ventilators Market. Non-invasive ventilators are preferred due to their ability to provide effective respiratory support without the need for intubation, reducing the risk of infection and complications. Their ease of use in hospitals, emergency care, and home settings has significantly boosted demand. Technological advancements, such as improved patient comfort, portability, and integration with monitoring systems, are further encouraging adoption. Consequently, the growing preference for non-invasive ventilation is expected to drive substantial market growth in the coming years.

Based on the mode of ventilation 

• Volume-Controlled Ventilation
• Pressure-Controlled Ventilation
• Other Modes

Within the Mechanical Ventilators Market, pressure-controlled ventilation is anticipated to be the leading driver of growth. This mode offers precise regulation of airway pressure, ensuring patient safety while reducing the risk of lung injury, particularly in critically ill patients. Its effectiveness in managing both acute and chronic respiratory conditions has led to widespread adoption in hospitals, intensive care units, and emergency care settings. Advancements in smart monitoring and AI integration have enhanced the accuracy and adaptability of pressure-controlled ventilators, further boosting their appeal. As a result, pressure-controlled ventilation is expected to play a central role in driving market expansion.

Based on the end user 

• Hospitals & Clinics
• Ambulatory Care Centers
• Homecare Settings
• Others

Among all end-user segments, hospitals and clinics are anticipated to be the primary driver of the Mechanical Ventilators Market. These facilities account for the highest demand due to the increasing number of critical care cases, surgical procedures, and emergency admissions requiring advanced respiratory support. The focus on improving intensive care unit infrastructure, along with investments in technologically advanced ventilators, has further strengthened adoption. Additionally, the trend toward integrating smart ventilator systems for real-time monitoring and enhanced patient safety is accelerating growth. Consequently, hospitals and clinics remain the leading end-user segment driving significant expansion in the global mechanical ventilators market.