India Ventilator Market to Grow at an Impressive Rate until 2025
Growing prevalence of tobacco smoking to drive the growth of India
ventilator market
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.
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