Koninklijke Philips N.V, Medtronic, GE Healthcare are Dominating the Global Ventilators Market in 2019

Global Ventilators Market is expected to grow with the CAGR of 4.2% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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Global ventilators market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.   

The major players dealing in global ventilators market are introducing strong range of products provider along with launching new services and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced service portfolio. In March 2020, GE Healthcare quickly manufactured ventilators for COVID-19 patients. They decided to par In August, KONINKLIJKE PHILIPS N.V. launched leading industrial solutions which include invasive and invasive pandemic ventilation. Initiatives are being taken to provide better respiratory services to patients suffering from coronavirus. with Ford Motor Company to scale up production.         

The other key players existing in the market includes Air Liquide, Hamilton Medical, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Medtronic, Fisher & Paykel Healthcare Limited, Smiths Group plc, Acutronic Medical Systems AG , Getinge AB, Drägerwerk AG & Co. KGaA,, SCHILLER, Bunnell Incorporated , Leistung Equipamentos LTDA, Penlon Limited, ResMed, Vyaire, Zoll Medical, HEYER Medical AG, Allied Healthcare Products, Inc. and GE Healthcare and among others.

Ventilators MarketKoninklijke Philips N.V

Koninklijke Philips N.V is headquartered in Netherlands and was found in 1891. The company offers health technology devices for prevention, treatment and homecare. The business segments are personal health, diagnosis & treatment, connected care, others and the product categories are patient and caregivers, healthcare and professionals, among these, the market focused category is healthcare and professionals.

For instance,

  • In September 2020, KONINKLIJKE PHILIPS N.V. launched the Trilogy Evo ventilator, the only portable life support platform which is designed to be with patients to offer continuous treatment and monitoring as they change the care environment and their condition changes.

The company has a wide global presence across in North America, Europe, Asia-Pacific, Middle East and Africa, South America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Saeco (Italy), Philips AVENT (U.K.), Magnavox (U.S.), Philips Oral Healthcare, Inc. (U.S.), Videoland (Netherland) Philips Consumer Lifestyle (Netherland) Strand Lighting (U.S.) North American Philips (U.S.), Philips Design (Netherlands) among others.

Medtronic

Medtronic is headquartered in Dublin, Ireland and was founded in the year 1949. . The company offers medical technologies through services and solutions. The business segments in which it deals are cardiac and vascular group, minimally invasive therapies group, restorative therapies group, diabetes group and the product categories are patient and caregivers, healthcare and professionals, out of which healthcare and professionals is the market focused segment.

For instance,

  • In January 2020, Medtronic has completed the acquisition with Covidien plc. This acquisition marks a milestone in Medtronic which is uniquely positioned to alleviate pain, restore health, and extend life for more patients around the world.

The company has presence in Eastern Europe, Middle East, Asia Pacific, Africa, South America, North America, Middle East, Western Europe, South Asia, Central Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such as Covidien Ltd. (Ireland), Medtronic MiniMed Inc (U.S.), Medtronic A (U.S.), Medtronic Vascular Inc (U.S.), Medtronic CoreValve LLC (U.S.) and others

GE Healthcare

GE healthcare is headquartered in New York, U.S. which was established in 1994.  The company focuses towards the manufacturing and developer of medical imaging, digital solutions, patient monitoring and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions. The company has wide product categories such as life science, radiography, ventilators and others among which ventilators is the main market focused category.

For instance,

  • In March 2020, GE Healthcare quickly manufactured ventilators for COVID-19 patients. They decided to partner with Ford Motor Company to scale up production.

The company has presence in Europe, Asia, Americas, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Nihon Medi-Physics Co.,Ltd. (Japan), API Healthcare (U.S.), GE Medical Systems Lunar (U.S.), Biosafe SA (Switzerland), GE Healthcare Dharmacon, Inc. (U.S.) and others.