Koninklijke Philips N.V. (Netherlands), ResMed (US), Getinge AB (Sweden) are the leading players in the ventilators market. The ventilators market is projected to reach USD 5.7 Billion in 2028 from USD 4.2 Billion in 2023, at a CAGR of 6.4% during the forecast period.
In the ventilators market, the major players are mainly focusing on expanding their geographic presence by setting up production and distribution facilities, R&D facilities, and training centers and expanding their existing facilities. Players also focus on acquiring regional market players to incorporate new products into their portfolios and enhance their distribution and sales networks. This strategy has helped market players gain additional revenues and sustain their positions among changing market dynamics. A key trend in this market is the development of sensor analog front-end chips (AFEs), which involve using a single chip across multiple sensor platforms. AFE chips are used in ventilators as gas sensors. Moreover, the development of semiconductor and bioelectronic technologies has made it possible to design circuits that consume less power; this reduces the size of batteries.
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Koninklijke Philips N.V. is a leading player in the ventilators market. Philips Respironics, a subsidiary of Philips Healthcare, primarily focuses on providing respiratory care devices. Philips is a diversified technology-based company in the healthcare and consumer lifestyle markets. The company operates through four business segments: Diagnostic and Treatment, Personal Health, Connected Care, and Others. The Connected Care segment is further classified into Hospital Patient Monitoring, Sleep & Respiratory Care, Connected Care Informatics, and Emergency Care. The company provides respiratory care products and ventilators through Sleep & Respiratory Care segment. The company provide their products in over 120 countries. The company significantly makes R&D investments to add new technologies and products to its portfolio, which has helped it strengthen its presence in the ventilators market.
ResMed is a global leader in the field of sleep apnea and respiratory care, dedicated to improving the quality of life for individuals suffering from sleep disorders and chronic respiratory conditions. With a strong commitment to innovation and technology, the company develops cutting-edge solutions such as CPAP machines, masks, and cloud-connected monitoring devices that empower both patients and healthcare providers to better manage sleep-related and respiratory health challenges. The company supplies its products in more than 140 countries through a network of distributors and a direct sales force. ResMed provides a broad portfolio of ventilator 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.
Getinge AB provides products and systems that contribute to quality enhancement and cost efficiency within the healthcare and life sciences industry. The company operates under three segments: Acute Care Therapies, Surgical Workflows, and Life Science. The company offers ventilators under the Acute Care Therapies segment. The company operates in more than 40 countries through a global network of subsidiaries and distribution partners.
Ventilators Market by Mobility (ICU, Portable), Type (Adult/Paediatric, Neonatal), Mode, Interface (Invasive, Non-invasive), End User (Hospital,Clinic, ACC, Homecare), Key Stakeholder & Buying Criteria, Unmet Need, Reimbursement - Global Forecast to 2028
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