Medtronic Plc. is the world’s largest medical device company. It does most of its sales and profits from the U.S. healthcare system. The company is the global leader in medical technology, services, and solutions. The company provides innovative mesh products which enable surgeons to select the mesh which is best suited for the patient. Medtronic recently launched Puritan Bennett 980 ventilator which enables patients to breathe more naturally.
Market Data Forecast published a report named Mechanical ventilators market. It is estimated to grow at a robust CAGR during the forecast period, 2018-2023.
Report segmented as:
- Critical Care
- Neonatal Intensive Care
- Trauma Centers
- Home Healthcare
Based on the product type, Critical care ventilators dominate the global revenue share. Under the end user, hospitals are accounted for the largest share in the market.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. North America market leads globally, occupying about 40% of the global share of revenue. Asia Pacific is the most lucrative market in the world with the highest CAGR.
Key Market Players:
- Dragerwerk AG & Co.
- Philips Healthcare
- Medtronic Plc.
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The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook on the market along with recommendations from industry experts on the opportunities for investment activity.
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