Ventilators Market

The ventilators market is projected to reach USD 4.66 Billion by 2029 from USD 3.71 Billion in 2024 at a CAGR of 4.7% during the forecast period.

There are quite a number of drivers of the ventilator market. One of these is the escalating prevalence of chronic respiratory diseases such as COPD and asthma, instigated by rising levels of pollution and the aging world population. Also very high is demand for ICU ventilators, with millions of patients requiring mechanical ventilation every year. Technological innovations, especially in non-invasive and portable ventilators, are increasing treatment and comfort for patients. Moreover, the long-term impact of the COVID-19 pandemic has raised awareness and investment in respiratory care units worldwide, ensuring continued market expansion.

In this report, the ventilators market has been segmented on the basis of type, age group, interface, mode, care settings and region.

Prominent players in this market include ResMed (US), Getinge AB (Sweden), Koninklijke Philips N.V. (Netherlands), Drägerwerk AG & CO. KGAA (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd, (China), Metran Co., Ltd (Japan), MAGNAMED (Brazil), Leistung Ingeniería SRL(Argentina), Avasarala Technologies Limited (India),GE Healthcare (US), Baxter (US), Vyaire Medical, Inc. (US),  ICU Medical, Inc. (US), Asahi Kasei Corporation (Japan), Air Liquide (France), Flexicare (Group) Limited (UK), Nihon Kohden Corporation (Japan), Hamilton Medical (Switzerland), Skanray Technologies (India), aXcent Medical GmbH (Germany),  Airon Corporation (Florida), TRITON Electronic Systems Ltd. (Russia), Bio-Med Devices, Inc. (US), HEYER Medical AG (Germany) and AgVa Healthcare (India).

To know about the assumptions considered for the study download the pdf brochure

Market Ranking:

The ranking of companies in the Ventilators market has been determined through a market share analysis, conducted after thorough secondary research and validated by primary respondents. This ranking considers parameters such as revenue generated from ventilators, product portfolio breadth and depth, innovation, and approvals and launches. Based on this analysis, the top three players leading the market are ResMed (US), Getinge AB (Sweden), Koninklijke Philips N.V. (Netherlands). These companies dominate due to their strong market presence, extensive product portfolios, and continuous innovation in Ventilators market.

ResMed

ResMed provides a broad portfolio of ventilators 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, the company developed and launched several respiratory care products over the last five years. The company’s strategic focus on cloud-connected devices has enhanced patient monitoring and compliance, further strengthening its market position. Additionally, ResMed’s effective navigation of supply chain challenges has enabled it to meet increasing global demand, reinforcing its leadership in the ventilator industry.

Getinge AB

Getinge holds a significant market share in the ventilator market, positioning it as a leading player due to several strategic advantages. The company’s robust product portfolio, including advanced ventilators designed for adult and pediatric patients, has been a key factor in its success. Additionally, Getinge’s focus on emerging markets and local manufacturing initiatives, like establishing the India Innovation Centre, allows it to cater effectively to diverse healthcare needs while enhancing cost efficiency. The integration of digital health solutions and strategic partnerships further strengthens its competitive position, enabling the company to maintain high growth and meet the increasing demand for critical care equipment globally.

Koninklijke Philips N.V.

Philips is a leading provider of medical tools for different healthcare specialties. 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 has helped it strengthen its presence in the market. The company also has made significant acquisitions to expand its presence in the ventilators market. For instance, the company’s growth has been fueled by strategic partnerships and collaborations with various companies and organizations such as SinoMed Imaging System, InSightec, the Yale School of Medicine (US), and Hologic, Inc. (US).

Related Reports:

Ventilators Market by Mobility (Intensive Care Ventilators, Transportable Ventilators), Type (Adult & Pediatric Ventilators), Interface (Hybrid Ventilation), Mode (Combined Mode Ventilation), Care Setting (Hospitals & Clinics) - Global Forecast to 2029

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