South Korea Mechanical Ventilator Market Size, Share, and COVID-19 Impact Analysis, By Product (Critical Care, Neonatal, and Transport & Portable), By Ventilation Mode (Invasive and Non-invasive), By End-use (Mechanical Ventilator Hospitals, Home Healthcare, and Others), and South Korea Mechanical Ventilator Market Insights, Industry Trend, Forecasts to 2035

South Korea Mechanical Ventilator Market Insights Forecasts to 2035

• The South Korea Mechanical Ventilator Market Size Was Estimated at USD 54.05 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.92% from 2025 to 2035
• The South Korea Mechanical Ventilator Market Size is Expected to Reach USD 138.4 Million by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Mechanical Ventilator Market Size is anticipated to reach USD 138.4 Million by 2035, growing at a CAGR of 8.92% from 2025 to 2035. Asthma, obstructive sleep apnea, exertional dyspnea, pulmonary embolism, acute respiratory distress syndrome, and chronic obstructive pulmonary disease (COPD) are among the chronic respiratory disorders that are driving market expansion.

Market Overview

The term "mechanical ventilator market" describes the international trade in equipment that helps or replaces the lungs' respiratory function. When patients are unable to breathe sufficiently on their own, these devices also referred to as respirators or breathing machines assist them. By enhancing ventilation and oxygenation and halting further decline in respiratory function, ventilators offer essential respiratory assistance. Reducing symptoms like chest discomfort and shortness of breath, ventilators can improve patient comfort. By lessening the burden on the respiratory system and freeing up the body to concentrate on healing, ventilators can help patients recover more quickly. The market reach is increased by the introduction of home and portable ventilators, which enable prolonged respiratory care outside of the hospital setting. The necessity to sustain patients with severe respiratory failure and the growing number of intensive care unit (ICU) beds are the key drivers of the continued high demand for critical care ventilators. establishing guidelines for the production and use of ventilators to guarantee patient safety and effectiveness. supplying funding for the research and implementation of ventilators, especially in low- and middle-income nations. increasing knowledge of respiratory conditions and the value of prompt diagnosis and care.

Report Coverage

This research report categorizes the market for South Korea mechanical ventilator market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea mechanical ventilator market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea mechanical ventilator market.

Driving Factors        

The mechanical ventilator market is experiencing significant growth due to several key factors. The increasing prevalence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma, and acute respiratory distress syndrome (ARDS), has heightened the demand for ventilatory support. Additionally, the aging South Korea population is more susceptible to respiratory illnesses, further driving the need for mechanical ventilators. Technological advancements have led to the development of more sophisticated and user-friendly ventilators, enhancing patient care and operational efficiency.

Restraining Factors

High costs associated with advanced ventilators limit accessibility, particularly in low- and middle-income countries. Additionally, the complexity of operating these devices requires skilled personnel, which is often lacking in resource-limited settings. Stringent regulatory requirements and lengthy approval processes can delay the introduction of new products. Moreover, potential safety issues and product recalls can undermine confidence and impede market expansion.

Market Segmentation

The South Korea Mechanical Ventilator Market share is classified into product, ventilation mode, and end-use.

• The transport & portable segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korean mechanical ventilator market is segmented by product into critical care, neonatal, and transport & portable. Among these, the transport & portable segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. The effectiveness of mechanical ventilators across a range of applications and care delivery contexts is responsible for the market's expansion. Their growing popularity is further derived by the development of portable, affordable, and patient-friendly technologies.

• The non-invasive segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mechanical ventilator market is segmented by ventilation mode into invasive and non-invasive. Among these, the non-invasive segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its broad range of applications and capacity to deliver accurate and higher oxygen concentrations are responsible for the segment's growth. Modern intensive care ventilators with multiple respiratory support modes enable the provision of non-invasive ventilation.

• The mechanical ventilator hospitals segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea mechanical ventilator market is segmented by end-use into mechanical ventilator hospitals, home healthcare, and others. Among these, the mechanical ventilator hospitals segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period. The focus on improved health outcomes and the availability of qualified healthcare professionals to operate these ventilators helped fuel the segment's expansion. Furthermore, patients are more inclined to favor medical facilities that provide round-the-clock hospital personnel supervision, which accelerates market expansion.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea mechanical ventilator market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies       

• MEK-ICS Co., Ltd.
• Young Nam Ind Co., Ltd.
• SHUGE Electronic and Ventilation Equipment Co., Ltd.
• Dongjin Electric & Precision Co., Ltd.
• Gig International
• Oneton Korea Inc.
• Hartland Co., Ltd.
• Doowon Heavy Industrial Co., Ltd.
• Korea Techno Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea mechanical ventilator market based on the below-mentioned segments:

South Korea Mechanical Ventilator Market, By Product

• Critical Care
• Neonatal
• Transport & Portable

South Korea Mechanical Ventilator Market, By Ventilation Mode

• Invasive
• Non-invasive

South Korea Mechanical Ventilator Market, By End-Use

• Mechanical Ventilator Hospitals
• Home Healthcare
• Others