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Mechanical Ventilators Market Share

Report ID: GMI1882
Published Date: Jul 2024
Report Format: PDF

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Mechanical Ventilators Market Share

The market is market is dominated by some of the major market players. The market is oligopolistic in nature, with major organizations, local small players, and start-ups joining the industry competition. The key industry players are consistently involved in creating new opportunities in the healthcare sector. Few of the players operating in the market include Air Liquide, Koninklijke Philips N.V., GE HealthCare Technologies Inc., and Baxter International, Inc. among others. The major market players in the market implement several strategies to maintain a competitive edge in the market. These players are engaged in strategic acquisitions, mergers, collaborations, partnerships, expansions, and product launches among other strategies.

Mechanical Ventilators Market Companies

Prominent players operating in the mechanical ventilators industry include:

ACOMA Medical Industry Co., Ltd
Air Liquide
Allied Medical LLC
Baxter International, Inc.
Bio-Med Devices
Carl Reiner GmbH
Dragerwerk AG & Co. KGaA
Fisher & Paykel Healthcare Corporation Ltd.
GE HealthCare Technologies Inc.
Getinge AB
Hamilton Medical
ICU Medical, Inc.
Koninklijke Philips N.V.
Mindray
ResMed Inc.
SCHILLER AG
Sentec AG
Skanray Technologies Ltd.
VYAIRE MEDICAL, INC.
ZOLL Medical Corporation

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Mechanical ventilators industry size was worth USD 3.1 billion in 2023 and is projected to expand at 5.3% CAGR from 2024 to 2032, on account of the growing prevalence of chronic respiratory ailments and associated comorbidities.

The intensive care ventilators product segment in the mechanical ventilators industry recorded USD 2.6 billion in 2023 and is estimated to witness substantial growth between 2024 and 2032, owing to the increasing incidence of emergency and critical conditions.

The invasive ventilation interface segment in the mechanical ventilators industry recorded 77.7% share in 2023 and is projected to grow at significant rate from 2024 to 2032, driven by the growing prevalence of acute respiratory diseases and chronic disorders.

North America mechanical ventilators market recorded USD 1 billion in revenue in 2023 and is projected to expand at 2.3% CAGR between 2024 and 2032, on account of the presence of major business players, an increasing patient population, and rising healthcare expenditure.