A ventilator, breathing machine, or respirator is a machine that assists with breathing. It is mainly used in hospitals to treat chronic obstructive pulmonary disease (COPD), sleep apnea, acute lung injury, and hypoxemia. Over the years, the ventilators market has evolved significantly due to technological advancements, such as developing advanced portable ventilators and improvements in the sensor technologies used in ventilators. The increasing number of preterm births, rapid growth in the geriatric population, rising prevalence of respiratory diseases, rising number of ICU beds, and rising number of COVID-19 patients are expected to drive growth in the ventilators market during the forecast period. The emergence of home healthcare has opened new avenues for the ventilators market. Convenience and comfort in the home care environment, coupled with cost advantages, are the other major factors driving growth in the home healthcare market for ventilators.
The Ventilators
market is projected to reach USD 1.9 billion in 2026 from
USD 1.4 billion in 2021, at a CAGR of 7.6% during the forecast period.
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The global ventilators market are Koninklijke Philips N.V.
(Netherlands), ResMed (US), Medtronic (Ireland), Fisher & Paykel Healthcare
Limited (New Zealand), Drägerwerk AG & CO. KGAA (Germany), Nihon Kohden
Corporation (Japan), Getinge AB (Sweden), Asahi Kasei Corporation (Japan), Air
Liquide (France), Vyaire Medical, Inc. (US), GE Healthcare (US), Hamilton
Medical (Switzerland), Smiths Group plc (UK), Allied Healthcare Products, Inc.
(US), Shenzhen Mindray Bio-Medical Electronics Co., Ltd, (China), aXcent
Medical GmbH (Germany), Metran Co., Ltd (Japan), MAGNAMED (Brazil), Avasarala
Technologies Ltd (India), Airon Corporation (Florida), TRITON Electronic
Systems Ltd. (Russia), Bio-Med Devices, Inc. (US), Hill-Rom Holdings, Inc.
(US), HEYER Medical AG (Germany), and Leistung Engineering Pvt. Ltd.
(Argentina). These companies adopted strategies such as acquisitions,
partnerships, expansions, and product launches to enhance their presence in the
ventilators market.
Koninklijke Philips N.V. 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. For instance, the R&D expenditure
increased from USD 2.11 billion in 2019 to USD 2.19 billion in 2020. 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). In addition, it has strengthened its
ventilator customer base by collaborating with the US government. This
collaboration has helped increase hospital ventilators production in Philip’s
manufacturing sites in the US to combat the COVID-19 pandemic.
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ResMed provides a broad portfolio of ventilators 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. In accordance with this, over the last five years, the
company developed and launched several respiratory care products; for instance,
in August 2018, ResMed enhanced its Astral life support ventilators, including
Optional AutoEPAP in iVAPS for the US patients, a high-demand therapy option.
The company is also engaged in enhancing its geographical presence in
high-growth regions by acquiring regional companies. For example, in March
2019, ResMed acquired HB Healthcare Safety (South Korea), a home-based medical equipment
provider for sleep and respiratory care devices like ventilators.
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