Ventilators Market - Overview of Rising Business Opportunities with Prominent Investment Ratio
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A ventilator is a machine which provides mechanical ventilation to a patient who is unable to breathe or can breathe partially. There are various modes of ventilation, however, ventilation is primarily termed as invasive, and non-invasive. Ventilators can be employed on the system either temporarily or permanently and are used across utilized in hospital settings, rehabilitation centers, and at home. Major factors driving the ventilators market growth include the growing prevalence of respiratory diseases and the rapidly increasing geriatric population. Additionally, growing demand for portable and compact ventilators with enhanced functionalities are likely to emerge as a significant future trend in the ventilators market during the forecast period.
The ventilators market is comprised of top players involving Medtronic Plc, Koninklijke Philips NV, Hamilton Medical AG, Dragerwerk AG & Co KGaA, Vyaire Medical Inc, Getinge AB, ResMed Inc, ICU Medical Inc, Nihon Kohden Corp, and Shenzhen Mindray Bio-Medical Electronics Co Ltd. The companies have been implementing various strategies that have helped their growth and, in turn, brought about several breakthroughs and transitions in the industry. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the market players have also deployed several utilized inorganic strategies, including mergers and acquisitions, partnerships, and collaborations.
Below are the major growth strategies undertaken by the players operating in the ventilators market:
Jan-2023: Getinge launched its new Servo-c mechanical ventilator targeting selected markets, offering lung-protective therapeutic tools to treat pediatric and adult patients. Based on decades of knowledge and with all the essential functionalities needed, Servo-c is intended to make health care accessible and affordable for more hospitals worldwide
Jul-2021: Mindray hosted a virtual launch event to introduce new turbine-based ventilator, the SV300 Pro. The new SV300 Pro brings the company’s latest state-of-the-art functions and technologies into a compact device to address difficult clinical challenges. To ensure SV300 Pro is ready for emergency situations, such as cardiac arrest, the innovative CPRV, a specially developed ventilation mode, is integrated for CPR procedures
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