A new MarketsandMarkets forecast says the global ventilators market is expected to expand from USD 3.71 billion in 2024 to USD 4.66 billion by 2029. The report, released July 29, 2026 through GlobeNewswire, puts the market’s projected compound annual growth rate at 4.7% over the forecast period.
The outlook suggests steady growth for a medical device segment that remains important across hospitals and critical care settings. While the release points to continued demand, the available summary does not outline the full breakdown of regional trends, product segments, or end-user categories included in the research.
MarketsandMarkets presented the update from Delray Beach, Florida, framing ventilators as part of a broader healthcare equipment market with ongoing expansion through the end of the decade. The projected increase of nearly USD 1 billion over five years indicates a moderate pace rather than a sharp spike.
For companies, healthcare providers, and investors tracking respiratory care equipment, the forecast offers a benchmark for how the ventilators market may develop between 2024 and 2029. Based on the figures released, the sector is positioned for incremental gains as the industry moves through the current planning cycle.
