Published Date : 2024-Jul-22
Mechanical ventilators are medical devices designed to assist or replace spontaneous breathing in patients. They are used in various medical settings, including intensive care units (ICUs), emergency rooms, and during surgeries. These devices can be lifesaving for patients with conditions such as acute respiratory distress syndrome (ARDS), chronic obstructive pulmonary disease (COPD), and other severe respiratory illnesses.
Mechanical Ventilator Market Size, Share & Trends Analysis Report By Product, By Ventilation Mode, By End-use and Geography, Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast Till 2031.
According to a comprehensive study by Intellectual Market Insights Research, the global Mechanical Ventilator Market size was valued at USD 3.0 billion in 2023 and is projected to reach USD 4.36 billion by 2031.
Growing at a CAGR of 4.9% from 2024 to 2031.
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Mechanical Ventilator Market Players Analysis: Medtronic, Abbott, Boston Scientific Corporation, Biotronik, Microport Scientific Corporation, Stryker, Resmed, Fisher & Paykel Healthcare Limited, Drägerwerk Ag & Co. Kgaa, Getinge, Zoll Medical Corporation, Air Liquide, Vyaire Medical, Inc., Ge Healthcare, Hamilton Medical, Smiths Group Plc, Allied Medical Llc, Axcent Medical Gmbh, Metran Co., Ltd, Magnamed, Avasarala Technologies Limited, Airon Corporation, Bio-Med Devices, Hill-Rom, Heyer Medical Ag, Leistung Engineering Pvt. Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Nihon Kohden Corporation and Others
Founded: 1949
Headquarters: Dublin, Ireland
Website: https://www.medtronic.com/
About Us: Medtronic is a global leader in medical technology, services, and solutions. Their mission is to alleviate pain, restore health, and extend life for millions of people around the world. They collaborate with stakeholders across the healthcare ecosystem to tackle complex challenges and improve patient outcomes through innovative medical devices and therapies.
The company had nearly 95,000 employees and had revenue of $32.4 Billion.
Founded: 1888
Headquarters: Abbott Park, Illinois, USA
Website: https://www.abbott.com/
About Us: Abbott is a global healthcare company dedicated to helping people live more fully at all stages of life. Their portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals, and branded generic medicines. Abbott’s mission is to advance healthcare through innovative solutions that improve the quality of life.
The company had nearly 113,000 employees and had revenue of $43.1 Billion.
Founded: 1979
Headquarters: Marlborough, Massachusetts, USA
Website: https://www.bostonscientific.com/
About Us: Boston Scientific is a leading innovator of medical solutions that improve the health of patients around the world. They specialize in the development and manufacturing of devices used in a broad range of medical specialties, including cardiology, urology, endoscopy, and neuromodulation. The company is committed to transforming lives through innovative medical technologies.
The company had nearly 41,000 employees and had revenue of $12.7 Billion.
Founded: 1963
Headquarters: Berlin, Germany
Website: https://www.biotronik.com/
About Us: BIOTRONIK is a global medical technology company that provides innovative cardiovascular and endovascular solutions. They focus on developing products that enhance the quality of life for patients with heart and blood vessel diseases. BIOTRONIK is known for its high-quality, reliable medical devices and its commitment to advancing patient care through continuous innovation.
The company had nearly 10,000 employees and had revenue of $1.41 Billion.
Founded: 1941
Headquarters: Kalamazoo, Michigan, USA
Website: https://www.stryker.com/
About Us: Stryker is one of the world’s leading medical technology companies, offering innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine. They are dedicated to improving healthcare by developing advanced medical equipment and solutions that enhance surgical precision and patient outcomes.
The company had nearly 40,000 employees and had revenue of $17.1 Billion.
Founded: 1989
Headquarters: San Diego, California, USA
Website: https://www.resmed.com/
About Us: ResMed is a global leader in sleep and respiratory care. Their mission is to change lives with every breath by providing innovative products and services for people with sleep apnea, chronic obstructive pulmonary disease (COPD), and other chronic respiratory conditions. ResMed is committed to improving patient quality of life and healthcare outcomes through cutting-edge technology and data-driven solutions.
The company had nearly 8,000 employees and had revenue of $3.6 Billion.
Founded: 1889
Headquarters: Lübeck, Germany
Website: https://www.draeger.com/
About Us: Drägerwerk AG & Co. KGaA, commonly known as Dräger, is an international leader in the fields of medical and safety technology. Founded in 1889, the company develops innovative equipment and solutions trusted by professionals in the healthcare, industrial, mining, firefighting, and emergency services sectors. Dräger is committed to enhancing the quality and safety of life through reliable and cutting-edge technologies.
The company had nearly 15,000 employees and had revenue of $3.59 Billion.
Founded: 1904
Headquarters: Gothenburg, Sweden
Website: https://www.getinge.com/
About Us: Getinge AB is a global provider of innovative solutions for operating rooms, intensive care units, sterilization departments, and life science companies. Their mission is to improve the health and well-being of people through high-quality medical technology and integrated workflow solutions. Getinge focuses on enhancing clinical outcomes and ensuring patient and caregiver safety.
The company had nearly 10,000 employees and had revenue of $2.48 Billion.
Founded: 1902
Headquarters: Paris, France
Website: https://www.airliquide.com/
About Us: Air Liquide is a world leader in gases, technologies, and services for Industry and Health. They provide innovative solutions based on continuously improving their technology, equipment, and services to help their customers meet their goals. Air Liquide’s mission is to create value for their customers and society, focusing on the environmental and societal impact of their activities and ensuring sustainable growth.
The company had nearly 67,800 employees and had revenue of $32.52 Billion.
Founded: 1892
Headquarters: Chicago, Illinois, USA
Website: https://www.gehealthcare.com/
About Us: GE Healthcare provides transformational medical technologies and services to meet the demand for increased access, enhanced quality, and more affordable healthcare around the world. GE Healthcare works on things that matter - great people and technologies taking on tough challenges.
The company had nearly 54,000 employees and had revenue of $19 Billion.
The mechanical ventilator market is poised for significant growth, driven by technological advancements, increasing healthcare needs, and the ongoing impact of the COVID-19 pandemic. Stay tuned to our blog for more in-depth analysis and updates on this critical segment of the healthcare industry.
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