Global ICU Ventilators Market is expected to grow with the CAGR of 7.6% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Global ICU ventilators market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global ICU ventilators market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in April 2020, VYAIRE received 22,000 manufacturing order of ventilators from the U.S. Department of Health and Human Services (HHS). In the response to the coronavirus (COVID-19) pandemic company has to fulfil this order by the end of June. After receiving such a huge manufacturing order company enhanced their credibility in the market.
VYAIRE is dominating player in global ICU ventilators market. The other key players existing in the market includes Medtronic, Koninklijke Philips N.V, GE Healthcare (A Subsidiary of GENERAL ELECTRIC), Shenzhen Mindray Bio-Medical Electronics Co., Ltd, SCHILLER, Dragerwerk AG & Co. KGaA, Hamilton Medical, Lowenstein Medical Technology GmbH + Co. KG., HEYER Medical AG, Magnamed, Fisher & Paykel Healthcare Limited, BEIJING AEONMED CO., LTD., Getinge AB, Air Liquide Medical Systems (A Subsidiary of Air Liquide), ResMed., Nanjing ChenWei medical equipment Co., Ltd., and Shandong Dolphinmed Technology Co., Ltd. among others.
VYAIRE
VYAIRE, headquartered in Illinois, U.S. was founded in 2016. The company engaged in manufacturing and commercializing medical devices across the world including respiratory diagnostics, ventilation, airway management and operative care consumables. The company provides respiratory therapy, anesthesiology, pulmonology, cardiology, intubation, critical and emergency, care patient monitoring, pulmonary function testing, temperature management, ventilation, airway management, respiratory diagnostics, operative, care, out of which Ventilation is the market focused solution category.
- In April 2018, VYAIRE has acquired Acutronic Medical Systems which is a Switzerland based company engaged in manufacturing of neonatal ventilation equipment. After this acquisition, the company has enhanced their portfolio into the market.
The company has presence across the globe in North America, South America, Europe, Asia-Pacific, Middle East and Africa region. In addition to it, the company also generates its revenue from the various subsidiary companies such as ACUTRONIC Medical Systems AG (Switzerland), Revolutionary Medical Devices, Inc. and Ciel Medical (U.S.) among others.
Getinge A B
Getinge A B is headquartered in Gothenburg, Sweden and was founded in year 1904. The company is engaged in the manufacturing of wide range of products and solutions for healthcare and life sciences. The company operates in acute care therapies, surgical workflows and life science business segments out of which acute care therapies is the market focused segment. The company offers wide range of product categories such as life science and hospital in which hospital is market focused category.
- In March 2020, Getinge AB enhanced 60% of their manufacturing production capacity of ventilator by to the support the needs of global intensive care units due to the impact of Covid-19 pandemic. By enhancing their production capacity, the company enhances their product portfolio in the market.
The company has wide global presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa with its various subsidiaries such as Maquet (Germany), Getinge UK Limited (U.K.), Getinge USA, Inc.(U.S.) and Datascope Corp. (U.S.), among others.
KONINKLIJKE PHILIPS N.V.
KONINKLIJKE PHILIPS N.V. is headquartered in Amsterdam, The Netherlands and was founded in 1891. The company is engaged in offering diagnostic imaging, patient monitoring, image-guided therapy and health informatics and also solutions in consumer health and home care. The company has multiple business segments such as diagnosis & treatment businesses, personal health businesses, connected care & health and other, among these segments, connected care & health is the market focused business segment. The company offers product categories which are for consumer and for professionals (healthcare) out of which for professionals (healthcare) is market focused category.
- In April 2020, Koninklijke Philips N.V. entered into the collaboration with the U.S. government, this collaboration is mainly focused to enhance the manufacturing production of hospital ventilators in its manufacturing sites in the U.S. This collaboration could enhance the business of the company.
The company has wide global presence across Europe, North America, South America, Asia-Pacific, Middle East and Africa and generates revenue from subsidiaries such as Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (The Netherlands), Philips Medical Systems Nederland B.V. (The Netherlands), Philips Ultrasound, Inc. (U.S.) and Philips Oral Healthcare, LLC (U.S.), among others.
