Mechanical Ventilator Market - Top Companies and Manufacturers

  • Report ID: 6363
  • Published Date: Aug 29, 2024
  • Report Format: PDF, PPT

Companies Dominating the Mechanical Ventilator Landscape

    The mechanical ventilator market is highly competitive, with several major players dominating the landscape based on technological advancements and strategic acquisitions. The major players involved in this business include Medtronic, Getinge, and Nihon Kohden in the lead, although each radiates its expertise in controlling a significant share of the market. There is continual investment by these companies in research and development to come up with new innovative products that can meet the emerging needs of healthcare providers. The intensity of competition is further increased by key regional players such as Air Liquide Medical Systems and Dräger, which focus on localized strategies to gain a high share of the market.

    Here are some leading players in the mechanical ventilator market:

    • Koninklijke Philips N.V.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Getinge AB
    • Medtronic
    • Hamilton Medical
    • General Electric Company
    • ICU Medical, Inc.
    • Vyaire Medical Inc.
    • Drägerwerk AG & Co. KGaA
    • ZOLL Medical Corporation
    • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Browse Key Market Insights with Data Illustration:

In the News

  • In October 2023, Concern Radio-Electronic Technologies reported that the factory test of Mobivent Oxy mechanical ventilator made in Russia had been completed. The Mobivent Oxy made by the Urals Instrument-Making Plant is intended for high-flow oxygen therapy in children and adults.
  • In May 2022, Fisher & Paykel Healthcare introduced the Airvo 3 high flow system targeted for oxygen therapy. This development is reflective of how the industry has been working to meet the demand for sophisticated solutions that have been improving respiratory care.

Author Credits:  Radhika Pawar


  • Report ID: 6363
  • Published Date: Aug 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The mechanical ventilator market size was USD 6.8 billion in 2023.

The global mechanical ventilator market size was US 6.8 billion in 2023 and is likely to reach USD 29.2 billion by the end of 2036, expanding at a CAGR of 12.9% over the forecast period, i.e., 2024-2036.

Getinge AB, Medtronic, Vyaire Medical Inc., Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V., Hamilton Medical, General Electric Company, ICU Medical, Inc., ZOLL Medical Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. are some key players in the market.

The device segment is expected to hold a leading share of 61% during the forecast period.

North America is projected to offer lucrative prospects with a share of 52% in 2024.
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