Ventilators - Company Evaluation Report, 2024 (Abridged Report)

The Ventilator Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for ventilators. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and industry trends. MarketsandMarkets 360 Quadrants evaluated over 140 companies, of which the Top 21 ventilator Companies were categorized and recognized as the quadrant leaders.

The ventilators market has seen significant evolution driven by technological advancements, including the development of advanced portable ventilators and enhanced sensor technologies. Key factors fueling market growth include the rising number of preterm births, the rapidly aging global population, the increasing prevalence of respiratory illnesses, and a growing preference for home-based oxygen therapy. Additionally, outbreaks of infectious respiratory diseases have further accelerated demand. The expansion of home healthcare services has opened new avenues for market growth. However, challenges such as a shortage of skilled medical personnel and the over-purchasing of ventilators may hinder market expansion to some extent.

The 360 Quadrant maps the ventilator companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the ventilator quadrant. The top criteria for product footprint evaluation included Type (Intensive care and portable/transportable ventilators), Age Group (Adult & pediatric ventilators (above two years of age) and neonatal/infant ventilators (below two years of age), and Process (Invasive, non-invasive, and hybrid), Care Setting(Hospitals & clinics, home care settings, ambulatory care centers, emergency medical services, and other care settings), Mode(volume-mode ventilators, pressure-mode ventilators, combined-mode ventilators, and other ventilator modes).

Key Players:

The ventilators market is highly diversified and competitive, with many players. Some of the prominent players in this market are Koninklijke Philips N.V. (Netherlands), ResMed (US), Medtronic (Ireland), Vyaire Medical, Inc. (US), Getinge AB (Sweden), Drägerwerk AG & CO. KGAA (Germany), ICU Medical, Inc. (US), Hamilton Medical (Switzerland), GE Healthcare (US), Skanray Technologies, Ltd. (India), Air Liquide (France), and Asahi Kasei Corporation (Japan).

ResMed

ResMed is a leader in the ventilators market, known for its innovative product portfolio and extensive geographic presence across North America, the Asia Pacific, and Europe. The company focuses on developing new products while navigating supply chain challenges, ensuring it meets global demand. Its strategic emphasis on cloud-connected devices advances patient monitoring and strengthens its market share.

Getinge AB

Getinge AB holds a significant position in the ventilator market, attributed to its robust product portfolio catering to adult and pediatric patients. The company's focus on emerging markets and initiatives like the India Innovation Centre contribute to its success. The integration of digital health solutions and strategic partnerships further enhances its competitive edge, supporting continuous growth and demand for critical care equipment.

Koninklijke Philips N.V.

Koninklijke Philips N.V. (Philips) is prominent in the ventilators market through its subsidiary, Philips Respironics, which provides a comprehensive range of respiratory care devices. With a strong global sales and distribution network, Philips emphasizes R&D to maintain its innovative edge. Its strategic partnerships and acquisitions, such as those with SinoMed Imaging System and InSightec, have expanded its market reach, supporting its robust position in the ventilators sector.


1 Introduction
1.1 Market Definition
1.2 Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Rise In Respiratory Diseases
3.2.1.1.1 Increasing Incidences Of Copd And Asthma
3.2.1.1.2 High Prevalence Of Tobacco Smoking
3.2.1.2 Urbanization And Rising Pollution Levels
3.2.1.3 Rising Obesity Due To Sedentary Lifestyles
3.2.1.4 Growing Geriatric Population Worldwide
3.2.1.5 Increasing Preference For Home Care Settings
3.2.1.6 Rising Number Of Preterm Births
3.2.1.7 Outbreak Of Infectious Respiratory Diseases
3.2.2 Restraints
3.2.2.1 Shortage Of Skilled Medical Workers
3.2.2.2 Excessive Purchase Of Ventilators During Covid-19
3.2.2.3 Reimbursement Concerns
3.2.3 Opportunities
3.2.3.1 Cost-efficiency Of Home Care Services
3.2.3.2 Growth Opportunities In Emerging Economies
3.2.4 Challenges
3.2.4.1 Low Awareness And Inadequate Resources In Emerging Economies
3.2.4.2 Harmful Effects Of Respiratory Devices On Neonates
3.2.4.3 Supply Chain Disruptions
3.2.4.4 Global Demand Fluctuations
3.3 Industry Trends
3.3.1 Rising Demand For Enhanced Portable Ventilators
3.3.2 Market Consolidation
3.3.3 Growing Demand For Multimodal Ventilators
3.3.4 Increasing Adoption Of Non-invasive Ventilators
3.4 Technology Analysis
3.4.1 Key Technologies
3.4.1.1 Sensor Technologies
3.4.1.1.1 Flow Sensors
3.4.1.1.2 Oxygen Sensors
3.4.1.1.3 Pressure Sensors
3.4.2 Complementary Technologies
3.4.2.1 E-nose Technology
3.4.2.2 Mems Technology
3.4.2.3 Electrochemical Technology
3.4.2.4 Paramagnetic Technology
3.4.2.5 Wireless Gas Sensor Technology
3.4.3 Adjacent Technologies
3.4.3.1 High-flow Nasal Cannula (Hfnc) Devices
3.5 Value Chain Analysis
3.6 Ecosystem Analysis
3.7 Supply Chain Analysis
3.8 Porter’s Five Forces Analysis
3.8.1 Threat Of New Entrants
3.8.2 Threat Of Substitutes
3.8.3 Bargaining Power Of Suppliers
3.8.4 Bargaining Power Of Buyers
3.8.5 Intensity Of Competitive Rivalry
3.9 Patent Analysis
3.9.1 Patent Publication Trends For Ventilators
3.10 Key Conferences And Events, 2023–2024
3.11 Reimbursement Scenario
3.12 Impact Of Ai/Gen Ai On Ventilators Market
3.12.1 Introduction
3.12.2 Future Of Healthcare—big Data And Ai
3.12.3 Knowledge-based Systems For Ventilation Management
4 Competitive Landscape
4.1 Overview
4.2 Key Player Strategies/Right To Win
4.2.1 Overview Of Strategies Adopted By Players In Ventilators Market
4.3 Revenue Analysis, 2019–2023
4.4 Market Share Analysis, 2023
4.5 Company Evaluation Matrix: Key Players, 2023
4.5.1 Stars
4.5.2 Emerging Leaders
4.5.3 Pervasive Players
4.5.4 Participants
4.5.5 Company Footprint: Key Players, 2023
4.5.5.1 Company Footprint
4.5.5.2 Region Footprint
4.5.5.3 Type Footprint
4.5.5.4 Age Group Footprint
4.5.5.5 Interface Footprint
4.5.5.6 Mode Footprint
4.5.5.7 Care Setting Footprint
4.6 Company Evaluation Matrix: Startups/Smes, 2023
4.6.1 Progressive Companies
4.6.2 Responsive Companies
4.6.3 Dynamic Companies
4.6.4 Starting Blocks
4.6.5 Competitive Benchmarking: Startups/Smes, 2023
4.6.5.1 Detailed List Of Key Startups/Smes
4.6.5.2 Competitive Benchmarking Of Key Startups/Smes
4.7 Ventilators Market: R&D Expenditure
4.8 Company Valuation & Financial Metrics
4.8.1 Financial Metrics
4.8.2 Company Valuation
4.9 Brand/Product Comparison
4.10 Competitive Scenario
4.10.1 Product Launches & Approvals
4.10.2 Deals
4.10.3 Other Developments
5 Company Profiles
5.1 Key Players
5.1.1 Resmed
5.1.1.1 Business Overview
5.1.1.2 Products Offered
5.1.1.3 Recent Developments
5.1.1.3.1 Product Launches
5.1.1.4 Mnm View
5.1.1.4.1 Right To Win
5.1.1.4.2 Strategic Choices
5.1.1.4.3 Weaknesses And Competitive Threats
5.1.2 Getinge Ab
5.1.2.1 Business Overview
5.1.2.2 Products Offered
5.1.2.3 Recent Developments
5.1.2.3.1 Product Approvals
5.1.2.3.2 Other Developments
5.1.2.4 Mnm View
5.1.2.4.1 Right To Win
5.1.2.4.2 Strategic Choices
5.1.2.4.3 Weaknesses And Competitive Threats
5.1.3 Koninklijke Philips N.V.
5.1.3.1 Business Overview
5.1.3.2 Products Offered
5.1.3.3 Recent Developments
5.1.3.3.1 Other Developments
5.1.3.4 Mnm View
5.1.3.4.1 Right To Win
5.1.3.4.2 Strategic Choices
5.1.3.4.3 Weaknesses And Competitive Threats
5.1.4 Drägerwerk Ag & Co. Kgaa
5.1.4.1 Business Overview
5.1.4.2 Products Offered
5.1.4.3 Recent Developments
5.1.4.3.1 Product Launches
5.1.4.3.2 Deals
5.1.4.3.3 Other Developments
5.1.5 Icu Medical Inc.
5.1.5.1 Business Overview
5.1.5.2 Products Offered
5.1.5.3 Recent Developments
5.1.5.3.1 Deals
5.1.6 Asahi Kasei Corporation
5.1.6.1 Business Overview
5.1.6.2 Products Offered
5.1.6.3 Recent Developments
5.1.6.3.1 Deals
5.1.7 Air Liquide
5.1.7.1 Business Overview
5.1.7.2 Products Offered
5.1.7.3 Recent Developments
5.1.7.3.1 Deals
5.1.8 Flexicare (Group) Limited
5.1.8.1 Business Overview
5.1.8.2 Products Offered
5.1.8.3 Recent Developments
5.1.8.3.1 Deals
5.1.9 Nihon Kohden Corporation
5.1.9.1 Business Overview
5.1.9.2 Products Offered
5.1.9.3 Recent Developments
5.1.9.3.1 Product Launches
5.1.10 Shenzhen Mindray Bio-medical Electronics Co., Ltd.
5.1.10.1 Business Overview
5.1.10.2 Products Offered
5.1.11 Ge Healthcare
5.1.11.1 Business Overview
5.1.11.2 Products Offered
5.1.11.3 Recent Developments
5.1.11.3.1 Deals
5.1.12 Baxter
5.1.12.1 Business Overview
5.1.12.2 Products Offered
5.1.12.3 Recent Developments
5.1.12.3.1 Deals
5.1.13 Vyaire Medical, Inc.
5.1.13.1 Business Overview
5.1.13.2 Products Offered
5.1.13.3 Recent Developments
5.1.13.3.1 Deals
5.1.13.3.2 Other Developments
5.1.14 Hamilton Medical
5.1.14.1 Business Overview
5.1.14.2 Products Offered
5.1.14.3 Recent Developments
5.1.14.3.1 Product Enhancements
5.2 Other Players
5.2.1 Skanray Technologies, Ltd.
5.2.2 Axcent Medical Gmbh
5.2.3 Metran Co., Ltd.
5.2.4 Magnamed
5.2.5 Leistung Ingeniería Srl
5.2.6 Avasarala Technologies Limited
5.2.7 Airon Corporation
5.2.8 Triton Electronic Systems Ltd.
5.2.9 Bio-med Devices, Inc.
5.2.10 Heyer Medical Ag
5.2.11 Agva Healthcare
5.2.12 Biodesign Innovation Labs
5.2.13 Noccarc Robotics Pvt Ltd
5.2.14 Umbulizer
5.2.15 Schiller Healthcare India Pvt. Ltd
5.2.16 Avi Healthcare
6 Appendix
6.1 Research Methodology
6.1.1 Research Data
6.1.1.1 Secondary Research
6.1.1.2 Primary Research
6.1.2 Research Assumptions
6.1.3 Research Limitations
6.1.4 Risk Assessment
6.2 Company Evaluation Matrix: Methodology
6.3 Author Details

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