Critical Care Ventilators Market Scope
Critical care ventilators are used to provide ventilatory support for patients who cannot breathe on their own or who require assistance to maintain adequate ventilation. Patients ventilated by these devices can range in age from neonates to adults and can vary in condition from very critical, unstable patients to relatively stable postoperative patients. Critical care ventilators are typically used in critical care areas of the hospital; they may be used in other care areas as well.
The market study is being classified by Type (Portable Ventilators and Stationary Ventilators), by Application (Hospitals, Clinics and Others) and major geographies with country level break-up.
The market is moderately concentrated due to the presence of leading companies within the industry. These players are adopting some organic and inorganic strategies such as a merger, acquisition, partnerships, product launches, among others in order to gain leading share within the market. Some of the players are focusing on technological advancements in order to cater to the advanced products as per the market necessities. These days, the coronavirus outbreak has created a rapid demand for critical care ventilators across the globe. Most of the countries are facing a shortage of critical care ventilators due to the rise in coronavirus patients. Thereby, the companies have doubled their production in order to fulfill the growing demand for critical care ventilators. Research Analyst at AMA predicts that United States and Switzerland Players will contribute to the maximum growth of Global Critical Care Ventilators market throughout the predicted period.
GE Healthcare (United States), Drägerwerk AG and Co. KGaA (Germany), Getinge AB (Sweden), Hamilton Medical (Switzerland), Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), Vyaire Medical Inc. (United States), ResMed (United States), Becton Dickinson (United States) and Smiths Group (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Hamilton Medical (Switzerland), Fisher & Paykel (New Zealand), Invacare (United States), Getinge Group (Sweden) and Schiller (Switzerland).
AdvanceMarketAnalytics has segmented the market of Global Critical Care Ventilators market by Type, Application and Region.
On the basis of geography, the market of Critical Care Ventilators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 22 March 2020, Royal Philips, a global leader in health technology, today announced that it is increasing the production of certain critical care products and solutions to help diagnose and treat patients with the new coronavirus disease (COVID-19). The most needed products are patient vital signs monitors and portable ventilators and medical consumables for non-invasive and invasive ventilation to treat a broad range of respiratory conditions.
On 24 March 2020, Hillrom More Than Doubles Production of Critical Care Products, Including Ventilators, Hospital Beds and Vitals Monitoring Devices to Support COVID-19 Response. The company announced actions it is taking to support customers and caregivers with critical care products necessary to meet COVID-19 patient needs.
- Expansion of Product Portfolio through New Launches
- Growing Partnerships across Value Chains to Improve Hospital Infrastructure
- The Growing Corona Virus Cases across the Globe
- Rapid Growth in the Geriatric Population
- Growing Chronic and Surgical Problems Are Increasing the Demand for Critical Care Ventilators
- Growth Opportunities in Emerging Countries
- High Cost Associated With Critical Care Ventilators
- Lack of Awareness and Large Undiagnosed and Undertreated Population
Key Target AudienceCritical Care Ventilators Manufacturers, Critical Care Ventilators Sub Component Manufacturers, Critical Care Ventilators Traders/Distributors, Critical Care Ventilators Importer/Exporter, Regulatory & Government Bodies, End Users, Research & Consulting Firms and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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