+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Ventilators - Company Evaluation Report, 2024

  • PDF Icon

    Report

  • 121 Pages
  • May 2025
  • Region: Global
  • Markets and Markets
  • ID: 6096957
The Ventilator Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for ventilators. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and industry trends. Over 140 companies were evaluated, of which the Top 21 ventilator companies were categorized and recognized as the quadrant leaders.

The ventilators market has seen significant evolution driven by technological advancements, including the development of advanced portable ventilators and enhanced sensor technologies. Key factors fueling market growth include the rising number of preterm births, the rapidly aging global population, the increasing prevalence of respiratory illnesses, and a growing preference for home-based oxygen therapy. Additionally, outbreaks of infectious respiratory diseases have further accelerated demand. The expansion of home healthcare services has opened new avenues for market growth. However, challenges such as a shortage of skilled medical personnel and the over-purchasing of ventilators may hinder market expansion to some extent.

The 360 Quadrant maps the ventilator companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the ventilator quadrant. The top criteria for product footprint evaluation included Type (Intensive care and portable/transportable ventilators), Age Group (Adult & pediatric ventilators (above two years of age) and neonatal/infant ventilators (below two years of age), and Process (Invasive, non-invasive, and hybrid), Care Setting (Hospitals & clinics, home care settings, ambulatory care centers, emergency medical services, and other care settings), Mode (volume-mode ventilators, pressure-mode ventilators, combined-mode ventilators, and other ventilator modes).

Key Players:

The ventilators market is highly diversified and competitive, with many players. Some of the prominent players in this market are Koninklijke Philips N.V. (Netherlands), ResMed (US), Medtronic (Ireland), Vyaire Medical, Inc. (US), Getinge AB (Sweden), Drägerwerk AG & CO. KGAA (Germany), ICU Medical, Inc. (US), Hamilton Medical (Switzerland), GE Healthcare (US), Skanray Technologies, Ltd. (India), Air Liquide (France), and Asahi Kasei Corporation (Japan).

ResMed

ResMed is a leader in the ventilators market, known for its innovative product portfolio and extensive geographic presence across North America, the Asia Pacific, and Europe. The company focuses on developing new products while navigating supply chain challenges, ensuring it meets global demand. Its strategic emphasis on cloud-connected devices advances patient monitoring and strengthens its market share.

Getinge AB

Getinge AB holds a significant position in the ventilator market, attributed to its robust product portfolio catering to adult and pediatric patients. The company's focus on emerging markets and initiatives like the India Innovation Centre contribute to its success. The integration of digital health solutions and strategic partnerships further enhances its competitive edge, supporting continuous growth and demand for critical care equipment.

Koninklijke Philips N.V.

Koninklijke Philips N.V. (Philips) is prominent in the ventilators market through its subsidiary, Philips Respironics, which provides a comprehensive range of respiratory care devices. With a strong global sales and distribution network, Philips emphasizes R&D to maintain its innovative edge. Its strategic partnerships and acquisitions, such as those with SinoMed Imaging System and InSightec, have expanded its market reach, supporting its robust position in the ventilators sector.

Table of Contents

1 Introduction
1.1 Market Definition
1.2 Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Rise in Respiratory Diseases
3.2.1.1.1 Increasing Incidences of Copd and Asthma
3.2.1.1.2 High Prevalence of Tobacco Smoking
3.2.1.2 Urbanization and Rising Pollution Levels
3.2.1.3 Rising Obesity due to Sedentary Lifestyles
3.2.1.4 Growing Geriatric Population Worldwide
3.2.1.5 Increasing Preference for Home Care Settings
3.2.1.6 Rising Number of Preterm Births
3.2.1.7 Outbreak of Infectious Respiratory Diseases
3.2.2 Restraints
3.2.2.1 Shortage of Skilled Medical Workers
3.2.2.2 Excessive Purchase of Ventilators During COVID-19
3.2.2.3 Reimbursement Concerns
3.2.3 Opportunities
3.2.3.1 Cost-Efficiency of Home Care Services
3.2.3.2 Growth Opportunities in Emerging Economies
3.2.4 Challenges
3.2.4.1 Low Awareness and Inadequate Resources in Emerging Economies
3.2.4.2 Harmful Effects of Respiratory Devices on Neonates
3.2.4.3 Supply Chain Disruptions
3.2.4.4 Global Demand Fluctuations
3.3 Industry Trends
3.3.1 Rising Demand for Enhanced Portable Ventilators
3.3.2 Market Consolidation
3.3.3 Growing Demand for Multimodal Ventilators
3.3.4 Increasing Adoption of Non-Invasive Ventilators
3.4 Technology Analysis
3.4.1 Key Technologies
3.4.1.1 Sensor Technologies
3.4.1.1.1 Flow Sensors
3.4.1.1.2 Oxygen Sensors
3.4.1.1.3 Pressure Sensors
3.4.2 Complementary Technologies
3.4.2.1 E-Nose Technology
3.4.2.2 Mems Technology
3.4.2.3 Electrochemical Technology
3.4.2.4 Paramagnetic Technology
3.4.2.5 Wireless Gas Sensor Technology
3.4.3 Adjacent Technologies
3.4.3.1 High-Flow Nasal Cannula (Hfnc) Devices
3.5 Value Chain Analysis
3.6 Ecosystem Analysis
3.7 Supply Chain Analysis
3.8 Porter's Five Forces Analysis
3.8.1 Threat of New Entrants
3.8.2 Threat of Substitutes
3.8.3 Bargaining Power of Suppliers
3.8.4 Bargaining Power of Buyers
3.8.5 Intensity of Competitive Rivalry
3.9 Patent Analysis
3.9.1 Patent Publication Trends for Ventilators
3.10 Key Conferences and Events, 2023-2024
3.11 Reimbursement Scenario
3.12 Impact of AI/Gen AI on Ventilators Market
3.12.1 Introduction
3.12.2 Future of Healthcare - Big Data and AI
3.12.3 Knowledge-based Systems for Ventilation Management
4 Competitive Landscape
4.1 Overview
4.2 Key Player Strategies/Right to Win
4.2.1 Overview of Strategies Adopted by Players in Ventilators Market
4.3 Revenue Analysis, 2019-2023
4.4 Market Share Analysis, 2023
4.5 Company Evaluation Matrix: Key Players, 2023
4.5.1 Stars
4.5.2 Emerging Leaders
4.5.3 Pervasive Players
4.5.4 Participants
4.5.5 Company Footprint: Key Players, 2023
4.5.5.1 Company Footprint
4.5.5.2 Region Footprint
4.5.5.3 Type Footprint
4.5.5.4 Age Group Footprint
4.5.5.5 Interface Footprint
4.5.5.6 Mode Footprint
4.5.5.7 Care Setting Footprint
4.6 Company Evaluation Matrix: Startups/SMEs, 2023
4.6.1 Progressive Companies
4.6.2 Responsive Companies
4.6.3 Dynamic Companies
4.6.4 Starting Blocks
4.6.5 Competitive Benchmarking: Startups/SMEs, 2023
4.6.5.1 Detailed List of Key Startups/SMEs
4.6.5.2 Competitive Benchmarking of Key Startups/SMEs
4.7 Ventilators Market: R&D Expenditure
4.8 Company Valuation & Financial Metrics
4.8.1 Financial Metrics
4.8.2 Company Valuation
4.9 Brand/Product Comparison
4.10 Competitive Scenario
4.10.1 Product Launches & Approvals
4.10.2 Deals
4.10.3 Other Developments
5 Company Profiles
5.1 Key Players
5.1.1 Resmed
5.1.1.1 Business Overview
5.1.1.2 Products Offered
5.1.1.3 Recent Developments
5.1.1.3.1 Product Launches
5.1.1.4 Analyst's View
5.1.1.4.1 Right to Win
5.1.1.4.2 Strategic Choices
5.1.1.4.3 Weaknesses and Competitive Threats
5.1.2 Getinge Ab
5.1.2.1 Business Overview
5.1.2.2 Products Offered
5.1.2.3 Recent Developments
5.1.2.3.1 Product Approvals
5.1.2.3.2 Other Developments
5.1.2.4 Analyst's View
5.1.2.4.1 Right to Win
5.1.2.4.2 Strategic Choices
5.1.2.4.3 Weaknesses and Competitive Threats
5.1.3 Koninklijke Philips N.V.
5.1.3.1 Business Overview
5.1.3.2 Products Offered
5.1.3.3 Recent Developments
5.1.3.3.1 Other Developments
5.1.3.4 Analyst's View
5.1.3.4.1 Right to Win
5.1.3.4.2 Strategic Choices
5.1.3.4.3 Weaknesses and Competitive Threats
5.1.4 Drägerwerk AG & Co. KGaA
5.1.4.1 Business Overview
5.1.4.2 Products Offered
5.1.4.3 Recent Developments
5.1.4.3.1 Product Launches
5.1.4.3.2 Deals
5.1.4.3.3 Other Developments
5.1.5 Icu Medical Inc.
5.1.5.1 Business Overview
5.1.5.2 Products Offered
5.1.5.3 Recent Developments
5.1.5.3.1 Deals
5.1.6 Asahi Kasei Corporation
5.1.6.1 Business Overview
5.1.6.2 Products Offered
5.1.6.3 Recent Developments
5.1.6.3.1 Deals
5.1.7 Air Liquide
5.1.7.1 Business Overview
5.1.7.2 Products Offered
5.1.7.3 Recent Developments
5.1.7.3.1 Deals
5.1.8 Flexicare (Group) Limited
5.1.8.1 Business Overview
5.1.8.2 Products Offered
5.1.8.3 Recent Developments
5.1.8.3.1 Deals
5.1.9 Nihon Kohden Corporation
5.1.9.1 Business Overview
5.1.9.2 Products Offered
5.1.9.3 Recent Developments
5.1.9.3.1 Product Launches
5.1.10 Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
5.1.10.1 Business Overview
5.1.10.2 Products Offered
5.1.11 GE Healthcare
5.1.11.1 Business Overview
5.1.11.2 Products Offered
5.1.11.3 Recent Developments
5.1.11.3.1 Deals
5.1.12 Baxter
5.1.12.1 Business Overview
5.1.12.2 Products Offered
5.1.12.3 Recent Developments
5.1.12.3.1 Deals
5.1.13 Vyaire Medical, Inc.
5.1.13.1 Business Overview
5.1.13.2 Products Offered
5.1.13.3 Recent Developments
5.1.13.3.1 Deals
5.1.13.3.2 Other Developments
5.1.14 Hamilton Medical
5.1.14.1 Business Overview
5.1.14.2 Products Offered
5.1.14.3 Recent Developments
5.1.14.3.1 Product Enhancements
5.2 Other Players
5.2.1 Skanray Technologies, Ltd.
5.2.2 Axcent Medical GmbH
5.2.3 Metran Co. Ltd.
5.2.4 Magnamed
5.2.5 Leistung Ingeniería Srl
5.2.6 Avasarala Technologies Limited
5.2.7 Airon Corporation
5.2.8 Triton Electronic Systems Ltd.
5.2.9 Bio-Med Devices, Inc.
5.2.10 Heyer Medical AG
5.2.11 Agva Healthcare
5.2.12 Biodesign Innovation Labs
5.2.13 Noccarc Robotics Pvt Ltd
5.2.14 Umbulizer
5.2.15 Schiller Healthcare India Pvt. Ltd
5.2.16 Avi Healthcare
6 Appendix
6.1 Research Methodology
6.1.1 Research Data
6.1.1.1 Secondary Research
6.1.1.2 Primary Research
6.1.2 Research Assumptions
6.1.3 Research Limitations
6.1.4 Risk Assessment
6.2 Company Evaluation Matrix: Methodology
List of Tables
Table 1 Disorders and Deaths Caused due to Smoking, 2024
Table 2 Industry Trends in Ventilators Market
Table 3 Ventilators Market: Ecosystem Analysis
Table 4 Ventilators Market: Porter's Five Forces Analysis
Table 5 List of Patents in Ventilators Market (2025)
Table 6 Ventilators Market: Key Conferences and Events, 2023-2024
Table 7 Reimbursement Scenario in Ventilators Market
Table 8 Overview of Strategies Deployed by Key Players in Ventilators Market, 2021-2025
Table 9 Ventilators Market: Degree of Competition
Table 10 Ventilators Market: Region Footprint
Table 11 Ventilators Market: Type Footprint
Table 12 Ventilators Market: Age Group Footprint
Table 13 Ventilators Market: Interface Footprint
Table 14 Ventilators Market: Mode Footprint
Table 15 Ventilators Market: Care Setting Footprint
Table 16 Ventilators Market: Detailed List of Key Startups/SMEs
Table 17 Ventilators Market: Competitive Benchmarking of Key Startups/SMEs
Table 18 Ventilators Market: Product Launches & Approvals, January 2021-January 2025
Table 19 Ventilators Market: Deals, January 2021-January 2025
Table 20 Ventilators Market: Other Developments, January 2021-January 2025
Table 21 Resmed: Business Overview
Table 22 Resmed: Products Offered
Table 23 Resmed: Product Launches, January 2021-January 2025
Table 24 Getinge Ab: Business Overview
Table 25 Getinge Ab: Products Offered
Table 26 Getinge Ab: Product Approvals, January 2021-January 2025
Table 27 Getinge Ab: Other Developments, January 2021-January 2025
Table 28 Koninklijke Philips N.V.: Business Overview
Table 29 Koninklijke Philips N.V.: Products Offered
Table 30 Koninklijke Philips N.V.: Other Developments, January 2021-January 2025
Table 31 Drägerwerk AG & Co. KGaA: Business Overview
Table 32 Drägerwerk AG & Co. KGaA: Products Offered
Table 33 Drägerwerk AG & Co. KGaA: Product Launches, January 2021-January 2025
Table 34 Drägerwerk AG & Co. KGaA: Deals, January 2021-January 2025
Table 35 Drägerwerk AG & Co. KGaA: Other Developments, January 2021-January 2025
Table 36 Icu Medical Inc.: Business Overview
Table 37 Icu Medical, Inc.: Products Offered
Table 38 Icu Medical, Inc.: Deals, January 2021-January 2025
Table 39 Asahi Kasei Corporation: Business Overview
Table 40 Asahi Kasei Corporation: Products Offered
Table 41 Asahi Kasei Medical: Deals, January 2021-January 2025
Table 42 Air Liquide: Business Overview
Table 43 Air Liquide: Products Offered
Table 44 Air Liquide: Deals, January 2021-January 2025
Table 45 Flexicare (Group) Limited: Business Overview
Table 46 Flexicare (Group) Limited: Products Offered
Table 47 Flexicare (Group) Limited: Deals, January 2021-January 2025
Table 48 Nihon Kohden Corporation: Business Overview
Table 49 Nihon Kohden Corporation: Products Offered
Table 50 Nihon Kohden Corporation: Product Launches, January 2021-January 2025
Table 51 Shenzhen Mindray Bio-Medical Electronics Co. Ltd.: Business Overview
Table 52 Shenzhen Mindray Bio-Medical Electronics Co. Ltd.: Products Offered
Table 53 GE Healthcare: Business Overview
Table 54 GE Healthcare: Products Offered
Table 55 GE Healthcare: Deals, January 2021-January 2025
Table 56 Baxter: Business Overview
Table 57 Baxter: Products Offered
Table 58 Baxter: Deals, January 2021-January 2025
Table 59 Vyaire Medical, Inc.: Business Overview
Table 60 Vyaire Medical, Inc.: Products Offered
Table 61 Vyaire Medical, Inc.: Deals, January 2021-January 2025
Table 62 Vyaire Medical, Inc.: Other Developments, January 2021-January 2025
Table 63 Hamilton Medical: Business Overview
Table 64 Hamilton Medical: Products Offered
Table 65 Hamilton Medical: Product Enhancements, January 2021-January 2025
Table 66 Risk Assessment
List of Figures
Figure 1 Ventilators Market, by Type, 2024 vs. 2029 (USD Million)
Figure 2 Ventilators Market, by Age Group, 2024 vs. 2029 (USD Million)
Figure 3 Ventilators Market, by Interface, 2024 vs. 2029 (USD Million)
Figure 4 Ventilators Market, by Mode, 2024 vs. 2029 (USD Million)
Figure 5 Ventilators Market, by Care Setting, 2024 vs. 2029 (USD Million)
Figure 6 Geographical Snapshot of Ventilators Market
Figure 7 Ventilators Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Annual Deaths Caused by Household and Ambient Air Pollution, by Disease Type, 2024
Figure 9 Global Geriatric Population, by Country, 2015-2023
Figure 10 Acquisitions in Ventilators Market, January 2019-November 2023
Figure 11 Ventilators Market: Value Chain Analysis
Figure 12 Ventilators Market: Ecosystem Analysis
Figure 13 Ventilators Market: Supply Chain Analysis
Figure 14 Ventilators Market: Porter's Five Forces Analysis
Figure 15 Top Patent Applicants & Owners (Companies/Institutions), January 2015-February 2025
Figure 16 AI Integration for Ventilators
Figure 17 Impact of AI/Gen AI on Ventilators Market
Figure 18 Revenue Analysis of Key Players in Ventilators Market (2019-2023)
Figure 19 Market Share Analysis of Key Players in Ventilators Market (2023)
Figure 20 Ventilators Market: Company Evaluation Matrix (Key Players), 2023
Figure 21 Ventilators Market: Company Footprint
Figure 22 Ventilators Market: Company Evaluation Matrix (Startups/SMEs), 2023
Figure 23 R&D Expenditure of Key Players in Ventilators Market (2022 vs. 2023)
Figure 24 EV/Ebitda of Key Vendors
Figure 25 Year-To-Date (Ytd) Price Total Return and 5-Year Stock Beta of Key Vendors
Figure 26 Brand/Product Comparative Analysis
Figure 27 Resmed: Company Snapshot (2023)
Figure 28 Getinge Ab: Company Snapshot (2023)
Figure 29 Koninklijke Philips N.V.: Company Snapshot (2023)
Figure 30 Drägerwerk AG & Co. KGaA: Company Snapshot (2023)
Figure 31 Icu Medical, Inc.: Company Snapshot (2023)
Figure 32 Asahi Kasei Corporation: Company Snapshot (2023)
Figure 33 Air Liquide: Company Snapshot (2023)
Figure 34 Nihon Kohden Corporation: Company Snapshot (2023)
Figure 35 Shenzhen Mindray Bio-Medical Electronics Co. Ltd.: Company Snapshot (2023)
Figure 36 GE Healthcare: Company Snapshot (2023)
Figure 37 Baxter: Company Snapshot (2023)
Figure 38 Research Design

Companies Mentioned

  • Resmed
  • Getinge Ab
  • Koninklijke Philips N.V.
  • Drägerwerk AG & Co. KGaA
  • Icu Medical Inc.
  • Asahi Kasei Corporation
  • Air Liquide
  • Flexicare (Group) Limited
  • Nihon Kohden Corporation
  • Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
  • GE Healthcare
  • Baxter
  • Vyaire Medical, Inc.
  • Hamilton Medical
  • Skanray Technologies, Ltd.
  • Axcent Medical GmbH
  • Metran Co. Ltd.
  • Magnamed
  • Leistung Ingeniería Srl
  • Avasarala Technologies Limited
  • Airon Corporation
  • Triton Electronic Systems Ltd.
  • Bio-Med Devices, Inc.
  • Heyer Medical AG
  • Agva Healthcare
  • Biodesign Innovation Labs
  • Noccarc Robotics Pvt Ltd
  • Umbulizer
  • Schiller Healthcare India Pvt. Ltd
  • Avi Healthcare