Medical Ventilators Market Latest Advancements, Demands and Huge Business Opportunities 2021 to 2025

The Medical Ventilators Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Medical Ventilator Market is valued at USD 826.93 Million in 2018 and expected to reach Approximately USD 1328.23 Million by 2025 with the CAGR of 8.93% over the forecast period.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Medical Ventilators Market: Medtronic, Mindray Medical International Limited, BD, Hamilton Medical, Smiths Medical, Philips Healthcare, GE Healthcare, Carl Reiner, Getinge, Dragerwerk, ResMed, Teleflex and others.

Some Of The Recent Developments In The Market Are As Follows:

Medtronic and Foxconn Partner to Increase Ventilator Production

DUBLIN and MOUNT PLEASANT, Wis., June 18, 2020 -- Medtronic plc (NYSE:MDT) and Foxconn Industrial Internet, a business group within Foxconn Technology Group (Foxconn), announced today that Foxconn has successfully completed Medtronic’s regulatory and quality requirements necessary to begin manufacturing Medtronic Puritan Bennett™ 560 (PB560) ventilators for Medtronic in the United States. Medtronic and Foxconn are currently ramping up plans to produce 10,000 PB560 ventilators over the next year at Foxconn’s Wisconn Valley Science and Technology Park in Mount Pleasant, Wis. The ventilators will be marketed and sold by Medtronic.

The two companies connected after Medtronic publicly shared the design specifications for the PB560 through the Medtronic ventilator open-source initiative, which launched earlier this year. This effort allows global participants to evaluate options for rapid ventilator manufacturing at scale to help doctors treat patients fighting COVID-19. To date, there have been more than 200,000 registrations for the design specifications at Medtronic.com/open ventilator.

To respond to global demand, if needed, Medtronic and Foxconn can increase their production capability to more than double the current Foxconn ventilator commitment. Introduced in 2010, the PB560 is sold in more than 35 countries around the world. It is a compact, lightweight, and portable ventilator that provides airway support for both adults and children. It can be used in clinical settings and at home and provides mobile respiratory support.

Ventilators play a critical role in the management of patients with severe respiratory illness, such as COVID-19, who require assistance because they cannot breathe effectively. Without ventilation support, some patients with severe respiratory disease might not survive. By placing a patient on a ventilator, the patient’s lungs are permitted to rest and recover while the ventilator performs the functions of supplying oxygen and simulating the actions of breathing.

Smiths Group to produce 10,000 ventilators for the UK Government

March 30, 2020: Smiths Group (“Smiths”) confirms that it is contracting with the UK Government for a significant ramp up in the production of its life saving Smiths Medical paraPAC plus™ ventilators. Production will rapidly increase from hundreds a month to thousands a month to fulfil 10,000 units in response to the UK Government’s challenge to UK technology and engineering businesses to help save lives in the coronavirus pandemic.

The paraPAC plus™ lightweight and portable ventilators deliver oxygen to the lungs of sick patients to help them breathe, taking some of the strain from the lungs, during emergencies, when transported to and around medical facilities, or wherever they are needed. The device is fully certified and used by medical professionals within the UK and overseas. Smiths is working closely with the Ventilator Challenge UK Consortium to expand its supply chain capability, including Smiths own operations in Luton and many other leading UK Technology and Engineering companies across automotive, aerospace, industrial and F1.

In addition, Smiths Group confirms it is also in urgent discussions with potential partners around the world to make its ventilator technology available to support the global fight against Covid-19.

Hamilton Medical announces new production of critical care ventilators in the U.S

May 22, 2020: RENO, Nev. – Today Hamilton Medical announced a new dimension to the company’s ongoing response to the global Coronavirus pandemic. The company is launching an all-new production line for critical care ventilators near the company’s U.S. offices in Reno, Nevada.

Production in Reno will be dedicated to the contract announced today by the U.S. Department of Health and Human Services.

“Since the global crisis began, Hamilton Medical has responded with urgency to help hospitals, health care workers and patients,” said Bob Hamilton, CEO of Hamilton Medical. “We are proud that with the new production facility, we can now supply even more life-saving equipment to the U.S.”

Hamilton Medical has already increased production earlier this year at its existing production facility in Switzerland. In late-March, with global supply chains strained as never before, and the acute need for ventilators accelerating, Hamilton Medical decided to set-up an entirely new production line in the U.S.

Global Medical Ventilators Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

ICU Ventilators
Portable Ventilators

On the basis of Application, the market is segmented into:

Hospital
Clinic
First Aid
Other

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Regional Analysis For Medical Ventilators Market:

For comprehensive understanding of market dynamics, the global Medical Ventilators market is analyzed across key geographies namely:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South 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.

Medical Ventilators Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2021–2027.                 

Key Points of Medical Ventilators Market Table of Contents:

-Market Overview: The report begins with this section where a product overview and key content on the product and application segments of the global Halal Foods market are provided. The highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.

-Competition by company: Here we analyze the competition of the global Medical Ventilators market, by company price, revenue, sales and market share, market share, competitive landscape, and latest trends, mergers, expansions, acquisitions, and market share of top companies.

-Company Profile and Sales Data: As the name suggests, this section provides sales data and useful information about the business of key players in the global Medical Ventilators market. It describes the key businesses of gross margin, price, revenue, products and specifications, types, applications, competitors, manufacturing base, and key players operating in the global Medical Ventilators market.

-Market Forecast: Here the report provides a full forecast for the global Medical Ventilators market by product, application, and region. It also provides global sales and revenue forecasts for all years in the forecast period.

-Research Results and Conclusion: One of the last sections of the report where analyst findings and findings are provided.

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the «Keyword» market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2027, which provides future outlook of the market for the manufacturers and suppliers.

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Critical Care Ventilators Market:

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