HOME › Research Insight › Philips Healthcare (Netherlands), ResMed, Inc. (U.S.), Medtronic Plc (Ireland), Becton, Dickinson and Company (U.S.), and Getinge Group (Sweden) Dominate the Global Ventilators Market
Philips Healthcare (Netherlands), ResMed, Inc. (U.S.), Medtronic Plc (Ireland), Becton, Dickinson and Company (U.S.), and Getinge Group (Sweden) Dominate the Global Ventilators Market
The global ventilators market is consolidated at the top with the top 5 market players accounting for more than half of the global market. Philips Healthcare (Netherlands), ResMed, Inc. (U.S.), Medtronic Plc (Ireland), Becton, Dickinson and Company (U.S.), and Getinge Group (Sweden) lead the global ventilators market. Some of the other leading players in this market include Dräger Group (Germany), Smiths Group plc (U.K.), Teleflex Incorporated (U.S.), Hamilton Medical AG (Switzerland), and GE Healthcare (U.S.).
Philips Healthcare (Netherlands) held the leading position in global ventilators market in 2015. The company has a diversified product portfolio, which includes a wide range of ventilators such as Respironics V680, Respironics BiPAP Focus, and Respironics V680 non-invasive ventilation, and Respironics Trilogy. The company’s leading position can be attributed to its strong global distribution network, which enables it to serve customers in the Americas, Europe, Africa, and Asia-Pacific. The company’s strategic focus on introducing innovative products is indicative of the significant R&D investments made. This is evident from the launch of Respironics V680 in Canada in May 2015 and European market in December 2014.
ResMed Inc. has established a strong brand in the global ventilators market. Key growth strategies such as product launches, mergers & acquisitions, and expansions have helped the company maintain its position in this competitive market. The company has strong distribution channel across the globe with facilities in about 150 countries across North America, South America, Europe, Asia, and the Middle East & Africa. It offers products for the diagnosis, treatment, and management of respiratory disorders such as sleep apnea, chronic obstructive pulmonary disease (COPD), and other chronic diseases. ResMed focuses on developing new and innovative products; in June 2016, the company launched the iVAPS (intelligent Volume-Assured Pressure Support) therapy mode for Astral life support ventilators.
Medtronic plc. (Ireland) is another major player in the ventilators market. The company acquired Covidien plc in January 2015. Medtronic offers a comprehensive portfolio of acute care ventilators and portable ventilators. The company’s key growth strategies, such as the expansion of existing production facilities and strengthening of R&D capabilities, have helped it to maintain its position in this competitive market. Geographically, the company has a strong presence in North America (generating more than 50% of its revenue from this region in 2015).
The key strategies adopted by major players in the global ventilators market include product launches; acquisitions; agreements, partnerships, and collaborations; and geographic expansions. In this competitive market, global players aim to maintain their market position through continuous investments in R&D with a focus on developing innovative solutions or enhancing their existing solutions. Geographic expansion through the establishment of new facilities or acquisitions is another major strategy adopted by global players in the ventilators market.
Ventilator Market by Type (Intensive Care, Portable), Age Group (Adult, Infant), Mode (Volume, Pressure, Combined), Interface (Invasive, Non-invasive), End User (Hospital, Home Care, Ambulatory Care Center) - Global Forecast to 2021
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