Growing prevalence of tobacco smoking to drive the growth of India ventilator market
New Delhi, May 08, 2020: According to TechSci Research report, “India Ventilator Market By Equipment Type (Invasive Ventilation / Conventional Mechanical Ventilation, Non-Invasive Ventilation), By Product Type (Adult, Pediatric, Neonatal), By Mobility (Standalone v/s Portable), By Mode (Pressure Mode, Volume Mode, Combined Mode, Others), By End User (Hospitals & Clinics, Home Care Settings, Ambulatory Settings, Emergency Medical Services, Others), By Region, Forecast & Opportunities, 2025”, the India ventilator market is expected to grow at an impressive rate during the forecast period on account of the increasing number of ICU beds equipped with ventilators. Additionally, growing prevalence of serious lung diseases or improper functioning of respiratory system requiring the use of ventilators for such patients is further anticipated to spur the market growth during forecast period. Additionally, growing air pollution and deteriorating air quality in cities like Delhi, Gwalior, among others, has drastically increased the patient population suffering from various respiratory problems. This in turn is expected to positively influence the market growth. Furthermore, growing healthcare expenditure coupled with increasing healthcare awareness in the country is anticipated to foster the market growth over next few years. Besides, the outbreak of pandemic novel coronavirus disease and its spread across the country has drastically increased the demand for ventilators in the country. However, high cost of ventilators and dependency on imports might hamper the market growth during forecast period. Additionally, chances of spread of ventilator acquired infections especially pneumonia, might further restrict the market growth. Moreover, resistance from physicians over the use of ventilators especially in the public sector hospitals is expected to negatively impact the market growth through 2025. Besides, increasing use of refurbished ventilators might further impede the market growth.
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The India ventilator market is segmented based on equipment type, product type, mobility, mode, end user, company and region. Based on product type, the market can be categorized into adult, pediatric and neonatal. The adult segment is expected to dominate the market on account of the growing geriatric population suffering from various chronic and infectious disease in the country requiring the assistance of ventilators. The neonatal segment is also expected to grow significantly over the next few years owing to the rising prevalence of neonatal pneumonia. Based on mobility, the market can be bifurcated into standalone and portable. The portable ventilator segment is expected to dominate the market during forecast period. This can be attributed to the growing prevalence of chronic diseases and increasing preference of portable ventilators in home care settings, ambulatory settings, emergency medical services, among others. Additionally, portable ventilators are affordable, user friendly and provide flexibility in use. Based on end user, the market can be fragmented into hospitals & clinics, home care settings, ambulatory settings, emergency medical services and others. The hospitals & clinics segment is expected to dominate the market owing to the increased patient pool visiting them requiring the use of ventilators. On the other hand, the home care setting is expected to register the highest CAGR during forecast period. This can be accredited to the growing healthcare expenditure coupled with the rising per capita income in the country. Additionally, growing healthcare awareness and adoption of advanced technologies by the doctors and patients is further expected to drive the growth of segment through 2025. Furthermore, rising patient pool suffering from various respiratory problems is also positively impacting the segmental growth. The emergency medical services segment is also expected to hold a significant market share owing to the rising incidences of heart attacks and similar health disorders.
Philips Healthcare, Getinge Group, Medtronic, GE Healthcare, ResMed India Pvt. Ltd., Draeger India Pvt. Ltd., Allied Healthcare India, Becton Dickinson India Private Ltd., Hamilton Medical, Zoll Medical India Pvt. Ltd., Schiller Healthcare India Pvt. Ltd., Air Liquide Medical Systems Pvt. Ltd., Fisher & Paykel Healthcare India Private Limited, Trivitron Healthcare, Kaynes Technology, Larsen & Toubro Ltd., Kopran Limited, Care Meditek Pvt. Ltd., Cyronics Instruments Pvt. Ltd., Erkadi Systems and others are some of the leading players operating in India ventilator market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“India ventilator market is expected to witness significant growth during the forecast period on account of the increasing healthcare expenditure by the government and major players for improving the healthcare infrastructure in the country. Besides, sudden outbreak of pandemic COVID-19 is supplementing the demand for ventilators across the country. Furthermore, rapid technological advancements in the ventilator manufacturing industry is anticipated to fuel the market in the country until 2025,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consulting firm.
“India Ventilator Market By Equipment Type (Invasive Ventilation / Conventional Mechanical Ventilation, Non-Invasive Ventilation), By Product Type (Adult, Pediatric, Neonatal), By Mobility (Standalone v/s Portable), By Mode (Pressure Mode, Volume Mode, Combined Mode, Others), By End User (Hospitals & Clinics, Home Care Settings, Ambulatory Settings, Emergency Medical Services, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of India ventilator market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India ventilator market.
Corporate Comm India (CCI Newswire)
