India Ventilator Market to Grow with a CAGR of 5.12% through 2028
Rising burden of respiratory diseases and increasing number of
healthcare centers and hospitals is expected to drive the India Ventilator
Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “India Ventilator
Market -Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the India Ventilator Market stood at USD 103.50 Million in 2023 and is
anticipated to grow with a CAGR of 5.12% in the forecast period, 2025-2029. Multiple
factors are driving the growth of the ventilator market in India. Foremost
among these is the increasing prevalence of respiratory diseases, fueled by
factors such as rising pollution levels and a high prevalence of smoking. Additionally,
the growth of the aging population in India, who are more prone to respiratory
conditions, is contributing to the increased demand for ventilators. Government
initiatives aimed at improving healthcare infrastructure and services are also
playing a role in expanding the market.
The Ventilator Market in India has experienced
remarkable growth in recent years and is poised for further expansion. This
upsurge can be primarily attributed to several factors. Firstly, there has been
a significant increase in the incidence of respiratory diseases in the country.
This can be attributed to various factors such as pollution levels, lifestyle
changes, and unhealthy dietary habits among the younger demographics. With the
urbanization of India, pollution levels have skyrocketed, making it one of the
most polluted countries in the world. According to the World Health
Organization, 14 out of the 20 most polluted cities globally are located in
India. The exposure to such high levels of pollutants has led to a surge in
respiratory problems, necessitating the need for ventilators. Moreover, the
growth of the ageing population in India has also contributed to the increased
demand for ventilators. With a population of over 1.3 billion, India has
approximately 10% of its population aged 60 years and above. This demographic
is more susceptible to chronic respiratory diseases and requires ventilators
for proper management and treatment.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Ventilator Market.”
The Ventilator Market in India is witnessing
significant growth due to the rising incidence of respiratory diseases, rapid
urbanization, escalating pollution levels, and the growth of the ageing
population. The demand for ventilators is expected to continue to rise as the
need for effective respiratory care becomes more critical in the
country.Furthermore, the COVID-19 pandemic has substantially impacted India's
ventilator market. The sudden surge in COVID-19 cases led to an exponential
increase in demand for ventilators, pushing the market to broaden its capacity.
The government's initiative to ramp up domestic production of ventilators under
the 'Make in India' campaign has further stimulated the market.However, the
sector faces challenges too. The high cost of ventilators is a significant
deterrent for many healthcare facilities, especially in rural areas. There is
also a lack of skilled professionals capable of operating complex ventilator
systems. This shortage of skilled professionals highlights the need for
training programs and initiatives to bridge the gap.
Nevertheless, government initiatives to enhance
healthcare infrastructure, coupled with international assistance and
technological advancements such as portable and non-invasive ventilators, are
expected to mitigate these challenges. Additionally, the growing preference for
home healthcare is expected to open new avenues for the ventilator market, as
patients seek more comfortable and convenient options for respiratory care.
The Ventilator Market in India is set for significant
growth, propelled by various socio-economic and health factors. Despite the
challenges it faces, the sector holds immense potential, given the demographic
realities and the rising prevalence of respiratory diseases. As the demand for
ventilators continues to rise, it is crucial for stakeholders to address the
challenges and capitalize on the opportunities to ensure accessible and
efficient respiratory care for all.
The India Ventilator Market is segmented into
equipment type, product type, mode, source, end suer, regional distribution,
and company.Based on Equipment Type, the India ventilator market is segmented
into invasive ventilation and non-invasive ventilation. The non-invasive
ventilation segment holds the largest market share since they are considered
safer for protection against cross-contamination. Moreover, non-invasive
ventilation offers a higher chance of recovery and a better long-term survival
rate. It should be noted that only non-invasive ventilation was in use on
COVID-19 affected patients since the air delivery is limited through sealed
masks that are placed over the mouth, nose, or the whole face, which drives the
segment’s growth. Non-invasive ventilation techniques, such as BiPAP and CPAP,
have gained popularity due to their ability to provide respiratory support
without the need for invasive procedures. These techniques use sealed masks
that deliver pressurized air to the patient's airways, promoting easier
breathing and reducing the risk of infection. The use of non-invasive
ventilation has proven to be effective in managing respiratory conditions and
has become a preferred choice for healthcare providers.
The benefits of non-invasive ventilation extend beyond
safety and infection control. Patients undergoing non-invasive ventilation have
shown improved oxygenation, reduced respiratory distress, and a decreased need
for intubation. This not only improves patient comfort but also helps in
optimizing healthcare resources by reducing the burden on intensive care units.
As the demand for ventilators continues to rise, the non-invasive ventilation
segment is expected to witness significant growth. The advancements in
technology and the availability of innovative ventilation devices have further
fueled the adoption of non-invasive ventilation techniques. With its numerous
advantages and positive patient outcomes, non-invasive ventilation is poised to
shape the future of respiratory care.
Based on region, South India is dominating the Indian
ventilator market due to a combination of factors. One of the significant
reasons is the presence of numerous well-established, world-class hospitals and
healthcare facilities in this region. These hospitals are known for their
excellence in patient care and demand high-quality medical equipment such as
ventilators to ensure the best treatment outcomes. Additionally, South India boasts
a robust medical tourism industry that attracts patients from all over the
world. This influx of patients necessitates a strong infrastructure for
critical care, including a sufficient supply of ventilators to meet the demand.Moreover,
the region's high literacy rate and greater emphasis on healthcare have led to
increased awareness about advanced medical devices, including ventilators.
People in South India are more knowledgeable about the benefits of using
advanced medical technology and are proactive in seeking the best healthcare
options. This heightened awareness has further fueled the demand for
ventilators, as patients and healthcare providers alike prioritize the
importance of having access to state-of-the-art medical equipment. South
India's dominance in the Indian ventilator market can be attributed to its
well-established healthcare infrastructure, thriving medical tourism industry,
and a population that values and seeks the best healthcare solutions available.
Major companies operating in India Ventilator Market
are:
- Wipro GE Healthcare Pvt. Ltd.
- Skanray Technologies Pvt Ltd
- BPL Medical Technologies Private Limited
- Draeger India Private Limited
- Philips India Limited
- AgVa Healthcare
- ResMed India Private Limited
- Maquet Medical India Pvt Ltd
- Trivitron Healthcare Pvt Ltd
- Narang Medical Limited
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“The future of the Indian Ventilator Market appears
extremely promising, with a substantial growth trajectory projected in the next
few years. This growth is primarily driven by the escalating prevalence of
respiratory diseases, which demands the urgent need for advanced respiratory
support systems. Additionally, the aging population in India further
contributes to the rising demand for ventilators as the elderly are more
susceptible to respiratory complications. Moreover, the increase in the number
of ICU beds across healthcare facilities in the country amplifies the
requirement for reliable and efficient ventilators to cater to critical
patients. The Indian market is witnessing remarkable technological advancements
in the field of ventilator development. The emergence of portable and
non-invasive ventilators has revolutionized the landscape, offering convenience
and improved patient comfort. These innovative solutions not only enhance the
efficiency of respiratory care but also present new growth opportunities for
manufacturers and suppliers operating in the Indian Ventilator Market.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“India Ventilator Market
By Equipment Type (Invasive Ventilation, Non-Invasive Ventilation), By Product
Type (Adult/Pediatric, Neonatal/Infants), By Mobility (Standalone, Portable),
By Mode (Combined Mode, Volume Mode, Pressure Mode, Others), By Source
(Domestic, Import), By End User (Hospitals & Clinics, Emergency Medical
Services, Others), By Region, Competition, Forecast & Opportunities, 2019-2019F”, 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.
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