Ventilators Market

Philips Healthcare (Netherlands) and ResMed Inc. (US) are Leading Players in the Ventilators Market

Growth in ventilators market is driven by the outbreak of the covid-19 pandemic, high prevalence of respiratory diseases, rapid growth in the geriatric population, increasing number of preterm births, and the rising number of ICU beds. However, factors such as dearth of skilled medical workers, reimbursement concerns, complications associated with the use of ventilators, reluctance among physicians for the adoption of new technologies are expected to restrain the growth of this market to a certain extent during the forecast period

Philips Healthcare (Netherlands), ResMed Inc. (US), Medtronic plc (Ireland), Fisher & Paykel Healthcare Corporation Limited (New Zealand), Drägerwerk AG & CO. KGAA (Germany), Nihon Kohden Corporation (Japan), Getinge AB (Sweden), Asahi Kasei Corporation (Japan), Air Liquide (France), Vyaire Medical, Inc. (US), GE Healthcare (US), Hamilton Medical (Switzerland), Smiths Group plc (UK), Allied Healthcare Products, Inc. (US), are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, partnerships, agreements, collaborations, and expansions.

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Philips Healthcare is one of the leading players in the ventilators market in 2019. The company is a leading provider of medical tools for different healthcare specialties and the largest division of Koninklijke Philips N.V. (Royal Philips). Philips Respironics, a subsidiary of Philips Healthcare, primarily focuses on providing respiratory care devices. Philips Healthcare has a significant global footprint owing to its strong sales and distribution network. It significantly invests in R & D activities to add innovative technologies and products to its portfolio, which helps it strengthen its presence in the market.

ResMed accounted for second largest share of the ventilators market in 2019. The company provides a broad portfolio of ventilators products and has a wide geographic presence across North America, the Asia Pacific, and Europe. ResMed is well-positioned in the ventilators market and focuses on developing new and innovative products. In accordance with this, over the last five years, the company developed and launched several respiratory care products, such as AirFit P30i and CPAP devices. These products further expanded and complimented the company’s respiratory care product portfolio and strengthened its share in the ventilators market.

Related Reports:

Ventilators Market by Mobility (Intensive Care, Portable), Type, Mode (Volume, Pressure, Combined), Interface (Invasive, Non-invasive), End-User (Hospital, Home Care, ACC, Emergency Medical Services) Covid-19 Impact - Global Forecast to 2025

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Report Code
MD 4529
RI Published ON
10/30/2020
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