Apr, 2023 - By CMI
The adoption of inorganic development tactics such as product releases by leading market players is likely to fuel the global mechanical ventilators market growth over the forecast period. The increased frequency of product recalls by regulatory organisations such as the United States Food and Drug Administration is predicted to impede growth. Throughout the projected period, the worldwide mechanical ventilators market is predicted to rise due to an increase in the use of inorganic growth methods such as product approval by different regulatory organisations such as the United States Food and Drug Administration.
According to Coherent Market Insights, the global Mechanical Ventilators Market is estimated to be valued at US$ 5,124.2 million in 2022 and is expected to exhibit a CAGR of 6.7% during the forecast period (2022-2030).
Key Competitors in the Mechanical Ventilators Industry:
1. Getinge AB
Getinge AB (publ) provides products and solutions for operating rooms, intensive-care units, and sterilization departments. The company operates through Acute Care Therapies, Life Science, and Surgical Workflows segments. Getinge AB (publ) was founded in 1904 and is headquartered in Gothenburg, Sweden.
2. General Electric Company
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.
3. Hamilton Medical
Hamilton Medical develops intelligent ventilation solutions, devices and consumables for the ventilation of all critically ill patients. The company was founded in 1983, headquartered in Switzerland. On the basis of the news released on 09-Mar-2021 Ventilator Market: Non-invasive Ventilators Segment to Dominate Market.
Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. The company was founded in 1949 and is headquartered in Dublin, Ireland.
5. ICU Medical, Inc.
ICU Medical connects patients and caregivers through safe, life-saving, life-enhancing medical devices. They provide clinicians around the world with innovative and cost-effective patient care solutions for unmet clinical needs. Their products help clinicians improve patient outcomes by minimizing bacterial ingress that can cause bloodstream infections and preventing exposure to infectious diseases or hazardous drugs. The company was founded in 1984, headquartered in California, U.S.
6. ZOLL Medical Corporation
ZOLL Medical Corporation, an Asahi Kasei Group company, develops and markets medical devices and software solutions. The company was founded in 1980, headquartered in Massachusetts, U.S. on Sep 13, 2021 ZOLL Medical Corporation Signs Definitive Agreement to Acquire Itamar Medical. On Apr 12, 2021 ZOLL Medical Corporation acquired Respicardia
7. Koninklijke Philips N.V.
Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. It operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It has strategic partnership agreements with TriHealth, Prisma Health, and the University Health System of San Antonio to help the health system standardize patient monitoring, drive interoperability, and lay the foundation for enterprise-wide platform; and Oulu University Hospital to deliver advanced image-guided therapy solutions. Koninklijke Philips N.V. was founded in 1891 and is headquartered in Amsterdam, the Netherlands.
A recognized leader in the Respiratory Diagnostics, Ventilation, and Anesthesia Delivery & Patient Monitoring market segments; Vyaire Medical is also the largest pure-play company of its kind. The company was founded in 2016, headquartered in Illinois, U.S. the company is acquired by Apax Partners. Vyaire partners with healthcare providers and hospitals to create value in their relationships and ensure doing business with us is easy and rewarding. Aligned with healthcare providers, they work tirelessly to improve the lives of those treated with their devices, and improving outcomes through their products and services is at the core of all they do.
9. Fisher & Paykel Healthcare Limited
Fisher & Paykel Healthcare are the leading designer, manufacturer and marketer of heated humidification products and systems for use in respiratory care and the treatment of obstructive sleep apnea. Their products and systems are sold in over 90 countries worldwide. The company was founded in 1971, headquartered in Auckland, New Zealand.
*Definiton-A mechanical ventilator is a mechanism or equipment that assists with breathing and partially or entirely supports the lungs' functions. A ventilator aids in the removal of carbon dioxide from the lungs and the delivery of oxygen to the body. It also provides pressure to protect the little air sacks in the lungs from collapsing. Mechanical ventilation is a type of life support that assists a person in breathing (ventilating) when they are unable to do it on their own. This can happen during surgery.