HOME Research Insight Philips Healthcare (Netherlands), ResMed (US), Medtronic (Ireland), Becton, Dickinson and Company (US), Getinge Group (Sweden), and Drager (Germany) Dominated the Ventilators Market



Philips Healthcare (Netherlands), ResMed (US), Medtronic (Ireland), Becton, Dickinson and Company (US), Getinge Group (Sweden), and Drager (Germany) Dominated the Ventilators Market


The global ventilators market is projected to reach USD 1,261.9 Million by 2023 from USD 859.9 Million in 2018, at a CAGR of 8.0%. Rising prevalence of respiratory diseases, increasing incidence of preterm births, urbanization and growing pollution levels, high prevalence of tobacco smoking, rapid growth in the geriatric population, and rising number of ICU beds are the major factors driving the growth of the ventilators market.

The global ventilators market is consolidated at the top with the presence few big players in the market. However, on regional basis there are many local, regional, and global players. Philips Healthcare (Netherlands), ResMed (US), Medtronic (Ireland), Becton, Dickinson and Company (US), Getinge Group (Sweden), Drager (Germany), Hamilton Medical (Switzerland), and Smiths Medical (UK) were the major players in this market. The companies are mainly focusing on product launches and acquisitions.

Philips Healthcare (Netherlands) held the leading position in global ventilators market in 2017. The company has a diversified product portfolio, which includes a wide range of ventilators, such as Respironics V680, Respironics BiPAP Focus, Respironics V680 non-invasive ventilators, and Respironics Trilogy. The company’s leading position can be attributed to its strong distribution network across the globe, 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 its Respironics V680 in Canada in 2015 and some European market in 2016.

ResMed (US) has established a strong brand in the global ventilators market. The company’s key growth strategies such as product launches, mergers & acquisitions, and expansions have helped it to maintain its position in this competitive market. Geographically, the company has a strong distribution channel across the globe with facilities in about 150 countries across North America, South America, Europe, Asia, and the Middle East & Africa. The company 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 (Ireland) held the third position in the ventilators market in 2017. The company acquired Covidien plc in January 2015 that helped it to offer a varied range of ventilators. 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. The revenue generated from the company’s minimally invasive segment is expected to grow in the near future owing to the successful implementation of organic and inorganic growth strategies.

The key strategies adopted by major players in the global ventilators market are product launches; acquisitions; agreements, partnerships, & 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.

Related Reports:

Ventilator Market by Mobility (Intensive Care, Portable), Type (Adult, Infant), Mode (Volume, Pressure, Combined), Interface (Invasive, Non-invasive), End User (Hospital, Home Care, Ambulatory Care Center, EMS) - Global Forecast to 2023

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