Assessment of the Ventilator Market Competition Landscape 2020 - Market Shares, Product Mapping, Key Strategies & Developments, Opportunities & Challenges, and Pricing Analysis
DUBLIN, July 7, 2020 /PRNewswire/ -- The "Global Ventilator Market: Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
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The global ventilator market is witnessing an exponential rise in the size of the market due to the ongoing COVID-19 pandemic.
The overall market was estimated to be $1,072 million in 2018, and it was expected to grow at a CAGR of 7.1% in the pre-COVID scenario by the end of 2026. However, the COVID-19 pandemic has resulted in an extensive rise in the ventilator demand and has increased the growth rate by up to 176% in 2020. Presently, more than 45 companies are operating in this market, including already exiting healthcare companies and emerging healthcare companies.
The maximum number of installed ventilators are in the U.S., followed by China and India. However, there is still a requirement for an additional 85,000 ventilators in the U.S. to cope with the COVID-19 pandemic. This demand and supply deficit of ventilators worldwide has led to major changes within the dynamics of the global ventilator market.
The mechanical ventilator market is dominated by Hamilton Medical, Getinge AB, Draegerwerk AG & Co. KGaA and Shenzhen Mindray Bio-Medical Electronics Co., Ltd as these companies hold more than 60% of the market share cumulatively.
Competitive Landscape
The exponential rise in respiratory infections due to the coronavirus pandemic has accelerated the demand for ventilators globally.
Several healthcare companies, such as Koninklijke Philips N.V, Getinge AB, Smith Medical, Medtronic plc, Draegerwerk AG & Co. KGaA, GE Healthcare, and Zoll Medical Corporation have opted for various developmental strategies, including product launches, synergistic activities, product approvals, and upgradations, funding and investments, and mergers and acquisitions in last four years to boost their market presence and growth. Also, these companies have managed to ramp up their production rate of ventilators to allow the availability of a large number of ventilators for critical patient care amidst the coronavirus pandemic.
Moreover, non-healthcare companies, such as Dyson Ltd, General Motors Company, Ford Motor Company, and Maruti Suzuki India Limited, have also committed to producing a large number of ventilators in a short period of time via collaborating with other healthcare companies and government organizations.
Research Coverage
This market intelligence report provides a multi-dimensional view of the global ventilator market in terms of the competitive landscape, the product offered by the key players, and their pricing range. This research report aims at answering the changing dynamics of the global ventilator market and the non-healthcare companies penetrating the market along with their opportunities and challenges that can determine the overall growth of the market in upcoming years.
The competitive landscape chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with the recent market activities, such as product launches and approvals, partnerships, agreements, business expansions, as well as regulatory and legal strategies. The research report provides a comprehensive analysis of the products offered by the key players and their pricing trends over the years. Additionally, the report provides a comprehensive opportunity analysis for the healthcare and non-healthcare companies operating in the global ventilator market currently.
Key Questions Answered
-- What are the various types of ventilators present in the global
ventilator market based on their modality, mode of operation, patient
type, and end user?
-- What was the total ventilator installed base, by country, in 2019?
-- What is the change witnessed in the growth rate of the global ventilator
market from pre-COVID to post-COVID scenario?
-- What are the key developmental strategies which are implemented by the
key players to sustain in the competitive market?
-- What are the strategies opted by the healthcare and non-healthcare
companies amidst coronavirus pandemic to meet the high demand for
ventilators?
-- What are the opportunities and challenges faced by healthcare and
non-healthcare companies within the global ventilator market?
-- What was the market share of each of the companies in mechanical
ventilator and non-invasive ventilator segments of the global ventilator
market in 2019?
-- What has been the pricing trend of ventilators in the last five years?
Key Topics Covered
Executive Summary
1 Product Definition
2 Market Overview
2.1 Overview of Ventilators
2.2 Global Installed Base of the Ventilators
2.3 Global Ventilator Market Scenario
3 Competitive Analysis
3.1 Market Share Analysis
3.1.1 Market Share Analysis for the Global Mechanical Ventilators Market
3.1.2 Market Share Analysis for the Global Non-Invasive Ventilators Market
3.2 Product Mapping Analysis
3.3 Key Strategies and Developments
3.3.1 Product Approvals and Launches
3.3.2 Synergistic Activities (Joint Ventures, Collaborations, and Partnerships)
3.3.3 Funding
3.3.4 Product Upgradation and Corrective Actions
3.3.5 Acquisitions
3.4 Types of Company Entering the Market
3.4.1 Healthcare Companies
3.4.2 Non-Healthcare Companies
3.5 Opportunities and Challenges for Companies
3.5.1 Healthcare Companies
3.5.2 Non-Healthcare Companies
3.6 Pricing Analysis
For more information about this report visit https://www.researchandmarkets.com/r/ys6xoj
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