Ventilators Market Analysis, Clinical Research and Development Outlook – 2023 (Based on 2020 COVID-19 Worldwide Spread) : Philips Healthcare, ResMed, Medtronic, Becton

The latest market report on Ventilators Market 2019 offers an in-depth analysis of this business vertical involving key information concerning industry deliverables, predominantly market tendencies, market size, market share, present valuation, and profits estimations for the estimate period. The brief information regarding the industry also analyzes and elucidates the Ventilators Market growth rate in the forecast timeline, incited by certain catalysts.

The global Ventilators Market is expected to grow from $2.4 billion in 2019 to about $12.1 billion in 2020 as there is a massive surge in demand for ventilators as these are essential in the treatment of critical Covid-19 patients. The market is expected to stabilize and reach $4.2 billion at a CAGR of 14.7% through 2023.

Ventilators Market: Overview

There is an urgent and increased need of ventilators globally. This is because Covid-19 primarily manifests as an acute respiratory illness with pneumonia, and ventilators are the main supportive treatment for critically-ill patients. They assist or replace respiratory functions, pumping oxygen into the blood for vital organs. Therefore, the ventilators market is expected to grow significantly with the rapidly increasing cases of Covid-19 disease worldwide.

The ventilator devices market consists of sales of ventilators used in respiratory care for patients with acute or chronic respiratory disorders. The sales consists of revenues generated by establishments that are primarily engaged in the manufacturing of intensive care ventilators (critical care ventilators), neonatal care ventilators, and portable & transportable ventilators.

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Major players in the Ventilators Market are Philips Healthcare, ResMed, Medtronic, Becton, Dickinson and Company, GE Healthcare, Hamilton Medical, Drger, Getinge, Smiths Group, Fisher & Paykel, and other.

Industry News: Apr 14, 2020

Philips details plans to increase its hospital ventilator production to 4,000 units/week by Q3 2020, and introduces its new Philips Respironics E30 ventilator with an immediate production of 15,000 units/week

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today provided an update on its plans to double the production of its hospital ventilators by May 2020 and achieve a four-fold increase by the third quarter of 2020. This plan builds on Philips’ initial production increase in the first three months of the year, which already enabled the supply of additional ventilators – that are critical for the treatment of COVID-19 patients – to hospitals in the most affected regions in China, southern Europe and the US. To further address the huge global demand, Philips introduced its new Philips Respironics E30 ventilator, a versatile and easy-to-use non-invasive and invasive ventilator, which has been designed for large scale production.

Geographic scope:
For comprehensive understanding of market dynamics, the global Ventilators Market is analyzed across key geographies namely: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Ventilators market, and compares it with other markets.

- The market characteristics section of the report defines and explains the market.

- The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.

- Market segmentations break down market into sub markets.

- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.

- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.

- The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.

- The Ventilators market section of the report gives context. It compares the Ventilators market with other segments of the Ventilators market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, Ventilators indicators comparison.

Browse in-depth and report summary TOC on "Ventilators Market"

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Note - All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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