Mechanical ventilators market seen reaching $7.1 billion by 2031

Mordor Intelligence projects the global mechanical ventilators market will grow from $5.59 billion in 2026 to $7.1 billion by 2031, driven by respiratory disease prevalence, critical care investment and new ventilation technology. North America remains the largest regional market, while Asia-Pacific is expected to grow fastest.

Why it matters: - The mechanical ventilators market is tied to critical care capacity, respiratory disease treatment and emergency preparedness. - Demand is rising as hospitals expand intensive care units and replace older systems with devices that offer better monitoring and workflow support. - The market’s growth also reflects broader investment in healthcare infrastructure across developed and emerging economies.

What happened: - Mordor Intelligence estimated the global mechanical ventilators market at $5.59 billion in 2026. - The research firm projected the market will reach $7.1 billion by 2031. - Mordor Intelligence forecast a 4.9% compound annual growth rate for 2026–2031. - The report said North America leads the global market. - The report was released June 30, 2026.

The details: - Rising cases of chronic obstructive pulmonary disease, asthma and acute respiratory distress syndrome are supporting demand for ventilators. - Higher hospitalization rates are pushing healthcare providers to invest in respiratory support equipment across acute and long-term care settings. - Governments and healthcare organizations are increasing spending on intensive care units, emergency preparedness programs and hospital modernization. - Infrastructure expansion is boosting procurement of ventilators and replacement demand for more advanced systems. - Manufacturers are adding enhanced monitoring, intelligent ventilation modes, touchscreen interfaces and connectivity features. - These product changes are helping adoption in hospitals, specialty care facilities and emergency medical services. - Mindray launched its SV-Series mechanical ventilators in March 2026 for global critical care settings. - The SV-Series combines invasive ventilation, non-invasive ventilation and high-flow oxygen therapy in one system. - The platform is designed for adult, pediatric and neonatal patients. - In May 2026, researchers introduced a human-in-the-loop multi-agent ventilator decision-support system to personalize ventilation strategies and improve clinical decision-making.

Between the lines: - The report points to a market shifting from basic life support toward integrated respiratory platforms with digital and AI-enabled features. - Competitive pressure appears to be centered on performance, patient monitoring, ease of use, after-sales service and integration with hospital systems. - North America’s lead reflects mature healthcare infrastructure, strong reimbursement and ongoing replacement demand. - Asia-Pacific is positioned as the fastest-growing region because of expanding healthcare infrastructure, higher spending and better access to critical care. - Europe remains a major market because of established healthcare systems and continued hospital modernization.

What's next: - Mechanical ventilator makers are likely to keep investing in intelligent ventilation modes, portability and workflow optimization. - Hospitals and care providers are expected to continue replacing older ventilators with systems that improve monitoring and clinical decision-making. - The report also signals continued market growth in home healthcare, ambulatory surgical centers and emergency care settings. - Mordor Intelligence made the report available in Japanese, French, German, Spanish and Portuguese.

The bottom line: - Mechanical ventilators are on track for steady growth through 2031 as respiratory disease burden, ICU expansion and smarter device technology keep demand elevated.