Global players to focus on inorganic growth strategies to strengthen through M&As.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global medical ventilators market in their latest research report. This report also lists seven other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global medical ventilators market is highly competitive in nature owing to the presence of several global as well as local players. Local players in the market are confined to a specific region and have a robust after sales service network. The competition in the market is likely to intensify as local players are expanding their global presence through strategic alliances and product portfolio extension. Global players are focusing more on inorganic growth strategies through the acquisition of small and local players.
According to Barath Palada, a lead analyst at Technavio for research on orthopedics and medical devices, “Vendors in the global medical ventilators market are focusing on the launch of innovative, compact products that include improved features and are easy to use. The increase in product and after sales service network is also expected to fuel the competitive scenario in the market during the coming years.”
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Top five vendors in the medical ventilators market space
Medtronic
Medtronic has a global presence and operates in over 160 countries. The company has over 4,800 patents in its name. The company operates across four core business areas: cardiac and vascular, minimally invasive therapies, restorative therapies, and diabetes. Medtronic has three strategic priorities that include therapy innovation, globalization, and economic value. The company offers acute care ventilators and portable ventilators. It has been providing reliable and cost-effective ventilators.
Key products: Puritan Bennet 840 and Newport e360 medical ventilators.
BD
BD has a global presence in over 190 countries. In October 2014, BD initiated the acquisition of CareFusion to expand its product portfolio including medical ventilators. The global reach of both companies helps them deliver new solutions around the world. With the acquisition of CareFusion, BD has extended its product portfolio providing a complete end-to-end solution from pharmacy to patient.
Key products: LTV 1200 series, VELA Ventilato, 3100A High-Frequency Oscillatory Ventilator, AVEA ventilator, 3100B High-Frequency Oscillatory Ventilator and ReVel ventilator.
Philips Healthcare
Philips Healthcare mainly deals in four divisions: Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses and Others. The company has introduced different programs to enhance customer centricity and service levels. The company is currently focusing on healthcare informatics, personal health solutions, and quality systems by increasing the investment.
Key products: Respironics NM3, Respironics V680, Respironics Trilogy 202, Respironics V60, Respironics V200, and Respironics BiPAP Focus.
Hamilton Medical
Hamilton Medical has been developing solutions to support clinicians in providing better care. The company designs and manufactures intelligent microprocessor-controlled ICU ventilators. It provides ventilation solutions for all age groups. Hamilton Medical is using technology to serve mankind. Hamilton Medical developed the concept of “Ventilation Autopilot,” which can increase patient safety, decrease clinician workload, and leave the clinician in command.
Key products: Hamilton-S1, Hamilton-C3, and Hamilton-G5.
Smiths Medical
Smiths Medical is a leading supplier of specialty medical devices. It has a strong market presence in certain clinical areas. The company’s product portfolio includes infusion therapy, vascular access, vital care, and specialty products and services. They supply hospitals, emergency, home, and specialty care environments with products for intensive care, surgery, post-operative care, and chronic illness management. The company has an established brand image for quality and safety.
Key products: Pneupac ParaPAC Ventilator, Pneupac paraPAC plus Ventilator, Pneupac ventiPAC Medical Ventilator, Pneupac babyPAC Ventilator, Pneupac VR1.
A more detailed analysis is available in the Technavio report, Global Medical Ventilators Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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