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The global ventilator industry is primarily driven by the growth in North America and the Asia Pacific. The maximum installed ventilators are in the United States, China, and India. The Asia Pacific region has held a major share in the ventilators market. It is expected to continue in the forecast period, owing to the presence of a huge population and emerging economies in this region. In addition, the Middle East and Africa region is anticipated to register a high growth rate, owing to various factors, such as improvements in the medical infrastructure, increasing government initiatives, rising medical tourism, and rising demand for quality healthcare. In addition, the rise in requirements of portable ventilators for homecare and emergency usage presents great opportunities in the ventilators market.
In March 2020, GE Healthcare (NYSE: GE) and Ford Motor Company (NYSE: F) announced that they are working together to manufacture ventilators for COVID-19 patients. In addition, in Apr-2020, Royal Philips (AMS: PHIA) has announced its plan to up hospital ventilators production to 4000 per week and launched a new ventilator 15000 per week. All these launches and alliances are expected to augment the growth of the global ventilator market.
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The major players in the global market for ventilators are Philips Healthcare, ResMed Corp., Medtronic plc, Vyaire Medical Inc., and Smiths Group plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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