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Global Ventilator Market: Competitive Landscape

  • ID: 5022202
  • Report
  • April 2020
  • Region: Global
  • 51 Pages
  • BIS Research

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Global Ventilator Market to Reach $3,110 Million by the End of 2020 Due to COVID-19 Pandemic

FEATURED COMPANIES

  • Drägerwerk AG & Co. KGaA
  • Dyson Ltd
  • Ford Motor Company
  • GE Healthcare
  • General Motors Company
  • Getinge AB

Key Questions Answered:

  • What are the various types of ventilators present in the global ventilator market based on their modality, mode of operation, patient type, and end user?
  • What was the total ventilator installed base, by country, in 2019?
  • What is the change witnessed in the growth rate of the global ventilator market from pre-COVID to post-COVID scenario?
  • What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?
  • What are the strategies opted by the healthcare and non-healthcare companies amidst coronavirus pandemic to meet the high demand for ventilators?
  • What are the opportunities and challenges faced by healthcare and non-healthcare companies within the global ventilator market?
  • What was the market share of each of the companies in mechanical ventilator and non-invasive ventilator segments of the global ventilator market in 2019?
  • What has been the pricing trend of ventilators in the last five years?

Market Overview

The global ventilator market is witnessing an exponential rise in the size of the market due to the ongoing COVID-19 pandemic. The overall market was estimated to be $1,072 million in 2018, and it was expected to grow at a CAGR of 7.1% in the pre-COVID scenario by the end of 2026. However, the COVID-19 pandemic has resulted in an extensive rise in the ventilator demand and has increased the growth rate by up to 176% in 2020. Presently, more than 45 companies are operating in this market, including already exiting healthcare companies and emerging healthcare companies.

The maximum number of installed ventilators are in the U.S., followed by China and India. However, there is still a requirement for an additional 85,000 ventilators in the U.S. to cope with the COVID-19 pandemic. This demand and supply deficit of ventilators worldwide has led to major changes within the dynamics of the global ventilator market.

Competitive Landscape

The exponential rise in respiratory infections due to the coronavirus pandemic has accelerated the demand for ventilators globally. Several healthcare companies, such as Koninklijke Philips N.V, Getinge AB, Smith Medical, Medtronic plc, Drägerwerk AG & Co. KGaA, GE Healthcare, and Zoll Medical Corporation have opted for various developmental strategies, including product launches, synergistic activities, product approvals, and upgradations, funding and investments, and mergers and acquisitions in last four years to boost their market presence and growth. Also, these companies have managed to ramp up their production rate of ventilators to allow the availability of a large number of ventilators for critical patient care amidst the coronavirus pandemic.

Moreover, non-healthcare companies, such as Dyson Ltd, General Motors Company, Ford Motor Company, and Maruti Suzuki India Limited, have also committed to producing a large number of ventilators in a short period of time via collaborating with other healthcare companies and government organizations.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Drägerwerk AG & Co. KGaA
  • Dyson Ltd
  • Ford Motor Company
  • GE Healthcare
  • General Motors Company
  • Getinge AB

Executive Summary

1 Product Definition

2 Market Overview
2.1 Overview of Ventilators
2.2 Global Installed Base of the Ventilators
2.3 Global Ventilator Market Scenario

3 Competitive Analysis
3.1 Market Share Analysis
3.1.1 Market Share Analysis for the Global Mechanical Ventilators Market
3.1.2 Market Share Analysis for the Global Non-Invasive Ventilators Market
3.2 Product Mapping Analysis
3.3 Key Strategies and Developments
3.3.1 Product Approvals and Launches
3.3.2 Synergistic Activities (Joint Ventures, Collaborations, and Partnerships)
3.3.3 Funding
3.3.4 Product Upgradation and Corrective Actions
3.3.5 Acquisitions
3.4 Types of Company Entering the Market
3.4.1 Healthcare Companies
3.4.2 Non-Healthcare Companies
3.5 Opportunities and Challenges for Companies
3.5.1 Healthcare Companies
3.5.2 Non-Healthcare Companies
3.6 Pricing Analysis

List of Tables
Table 3.1: Features and Price Range of Key Products offered by Companies in the Global Ventilator Market
Table 3.2: Heat Map Analysis of Ventilators, (by Modality)
Table 3.3: Heat Map Analysis of Ventilators, (by Mode)
Table 3.4: Key Products Offered by the Healthcare Companies within the Global Ventilator Market
Table 3.5: Companies and their Committed Capacities of Ventilators in the Corona Virus Pandemic

List of Figures
Figure 1: Percentage of COVID-19 Infected Population Requiring Ventilator
Figure 2: Surge in the Demand for Ventilators During COVID-19 Pandemic
Figure 3: Increasing Demand for Ventilators in the COVID-19 Scenario
Figure 4: Global Ventilator Market, $ Million, 2018-2020
Figure 5: Major Companies Ramping-Up Ventilator Production
Figure 2.1: Coronavirus (Spread, Symptoms, Susceptibility, Preventive Measures)
Figure 2.2: Installed Base of Ventilators, 2019
Figure 2.3: Global Availability of Ventilators Per Million Population, 2019
Figure 2.4: Market Landscape of Global Ventilator Market
Figure 3.1: Global Ventilators Market Share Analysis, (Mechanical), 2019
Figure 3.2: Global Ventilators Market Share Analysis, (Non-Invasive), 2019
Figure 3.3: Companies with the Highest Share of Ventilators Compatible for all Age-Group Usage (Top Three Companies)
Figure 3.4: Companies with the Highest Share of Homecare Ventilators (Top Three Companies)
Figure 3.5: Companies Offering the Highest Number of Portable Ventilators (Top Three Companies)
Figure 3.6: Global Ventilator Market, (by Key Development and Strategy), January 2016-March 2020
Figure 3.7: Global Ventilator Market, (Product Approvals and Launches), January 2016-March 2020
Figure 3.8: Global Ventilator Market, (Synergistic Activities: Joint Ventures, Collaborations, and Partnerships), January 2016-March 2020
Figure 3.9: Global Ventilator Market, (Funding), January 2016-March 2020
Figure 3.10: Global Ventilator Market, (Product Upgradation and Corrective Actions), January 2016-March 2020
Figure 3.11: Global Ventilator Market, (Acquisition), January 2016-March 2020
Figure 3.12: Major Companies Ramping-Up the Ventilator Production
Figure 3.13: Major Challenges in Ramping-Up Production and Possible Solutions
Figure 3.14: Opportunities and Challenges for the Healthcare Companies
Figure 3.15: Opportunities and Challenges for the Non-Healthcare Companies
Figure 3.16: Price Range of Products Offered by Key Players in the Global Ventilator Market
Figure 3.17: Global Ventilator Pricing Trend ($), 2015-2019

Note: Product cover images may vary from those shown

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FEATURED COMPANIES

  • Drägerwerk AG & Co. KGaA
  • Dyson Ltd
  • Ford Motor Company
  • GE Healthcare
  • General Motors Company
  • Getinge AB

According to the new market intelligence report, titled “Global Ventilator Market - Competitive Landscape”, the global ventilator market was valued at $1,072 million in 2018 and has witnessed a growth of up to of 176% in 2020 due to the rise in demand of ventilators pertaining to the coronavirus outbreak.

The exponential rise in respiratory infections due to coronavirus pandemic has accelerated the demand for ventilators globally. Various healthcare companies have ramped up their production rate to meet the high demand for ventilators in the market, and several non-healthcare companies have also emerged to manufacture ventilators amidst the coronavirus pandemic. Moreover, various strategies have been opted along with funding and rapid product approvals to allow an increase in the volume of production of ventilators in a limited time period.

According to Abdul Wahid, Principal Consultant, “In a pre-COVID scenario, the market was expected to grow the compound annual growth rate (CAGR) of 7.1% by the end of 2026. However, the COVID-19 pandemic has resulted in an extensive rise in ventilator demand and has increased the growth rate up to 176% and revenue to $3,110 million by 2020.”

Research Highlights:

The largest installed base of the ventilators is in the U.S., and the region still has a requirement of an additional 85,000 ventilators to cope with the situation of the COVID-19 pandemic.

The mechanical ventilator market is dominated by Hamilton Medical, Getinge AB, Drägerwerk AG & Co. KGaA and Shenzhen Mindray Bio-Medical Electronics Co., Ltd as these companies hold more than 60% of the market share cumulatively.

This market intelligence report provides a multi-dimensional view of the global ventilator market in terms of the competitive landscape, the product offered by the key players, and their pricing range. This research report aims at answering the changing dynamics of the global ventilator market and the non-healthcare companies penetrating the market along with their opportunities and challenges that can determine the overall growth of the market in upcoming years.

The competitive landscape chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with the recent market activities, such as product launches and approvals, partnerships, agreements, business expansions, as well as regulatory and legal strategies. The research report provides a comprehensive analysis of the products offered by the key players and their pricing trends over the years. Additionally, the report provides a comprehensive opportunity analysis for the healthcare and non-healthcare companies operating in the global ventilator market currently.

The answers to the following key questions can be derived from this report:

  • What are the various types of ventilators present in the global ventilator market based on their modality, mode of operation, patient type, and end user?
  • What was the total ventilator installed base, by country, in 2019?
  • What is the change witnessed in the growth rate of the global ventilator market from pre-COVID to post-COVID scenario?
  • What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?
  • What are the strategies opted by the healthcare and non-healthcare companies amidst coronavirus pandemic to meet the high demand for ventilators?
  • What are the opportunities and challenges faced by healthcare and non-healthcare companies within the global ventilator market?
  • What was the market share of each of the companies in mechanical ventilator and non-invasive ventilator segments of the global ventilator market in 2019?
  • What has been the pricing trend of ventilators in the last five years?
Note: Product cover images may vary from those shown
  • Drägerwerk AG & Co. KGaA
  • Dyson Ltd
  • Ford Motor Company
  • GE Healthcare
  • General Motors Company
  • Getinge AB
  • Koninklijke Philips N.V
  • Maruti Suzuki India Limited
  • Medtronic plc
  • Smith Medical
  • Zoll Medical Corporation
Note: Product cover images may vary from those shown
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