Malaysia Ventilator Market to Grow with Rising Geriatric Population Until 2026
Increasing instances of respiratory
failures are driving the growth of Malaysia Ventilator Market in the forecast
period.
According to TechSci report on, “Malaysia Ventilator Market By Equipment Type
(Invasive Ventilation v/s Non-Invasive Ventilation), By Product Type (Adult/ Pediatric
v/s Neonatal/ Infant), By Mobility (Standalone v/s Portable), By Mode (Volume
Mode, Pressure Mode, Combined Mode), By Source (Imported v/s Domestic), By End
User (Hospitals & Clinics, Emergency Medical Services, Homecare, Others), By
Region, Competition Forecast & Opportunities, 2026”, Malaysia
ventilator market has shown promising
growth in historical years until 2020 and is expected to continue its growth in
upcoming forecast years 2022 to 2026. Malaysia ventilator market owes its
growth to the factors like surge in the demand for ventilators to overcome the
rising number of COVID-19 patients. The viral infection attacks the respiratory
system of the infected patient and blocks the airway causing blockage,
pulmonary failure and even death. Increasing instances of viral infections and
respiratory disorders like COPD, etc. are also some of the major drivers of the
Malaysia ventilator market in the upcoming five years. Moreover, geriatric
population of the country is rapidly rising. Geriatric population is more
susceptible to suffer from coronavirus and other respiratory diseases along
with the chronic diseases prevalent in the country, this is anticipated to
support the surge in the demand of the ventilators in the market in next five
years, and thereby support the growth of the market too. Furthermore, the
rapidly developing medical facilities of the country is driving the growth of
the Malaysia ventilator market exponentially in the next five years.
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The Malaysia
ventilator market segmentation is based on equipment type, product type,
mobility, mode, source, end user, regional distribution, and competitional
landscape. Based on product type, the market is further segmented into adult/
pediatric and neonatal/ infant. Adult or pediatric ventilators are anticipated
to hold the larger revenue shares of the market and assert their dominance over
the market on the account of increasing number of patients suffering from the
respiratory failure. Moreover, the rising cases of COVID patients are also
expected to support the consistent growth of the market. Factors like toxic air
and polluted environment also aid towards the growth of the market. Neonatal or
infant ventilators may hold significant revenue shares of the market due to
rising number of infants born with heart and lung disorders. The toxicity of
the environment and air quality has degraded so much in the past years, and that
it is now affecting the health and growth of unborn embryos and expectant mothers
with genetic disorder which may transfer the diseases to their off springs,
thereby surging the need of ventilators for the infants.
A
partial list of market players in the Malaysia ventilator market includes,
Sanichi Technology Bhd, AT Systematization Bhd, PNE PCB Bhd (PNE PCB), Philips
Malaysia Sdn Bhd, GE Healthcare Sdn Bhd, Draeger Malaysia Sdn. Bhd., Daya
Cergas (M) Sdn. Bhd. (Fischer & Paykel Healthcare), Star Medik Sdn Bhd,
K-One Technology Bhd (KOT), among others. These market players hold larger
shares of the market than the new market players. With the advancement of the
technology, it is appropriate to say that the effective research and
development of the technologically advanced medical devices would support the
market growth and benefit the market players as well as the consumers. New
market players may focus on the research and development to provide devices
that satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
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“Technological
advancement is slowly growing, and the demand for medically equipped staff and
facility is also taking over the market. Malaysian healthcare industry is still
developing and the scope of the establishment of a new market player along with
open strategies are available in Malaysia healthcare market. New market player
may establish themselves with the advancing technology. Although the number of
patients suffering from COVID has rapidly increased and thus has surged the
demand for ventilators to save the patients suffering from extreme case of COVID-19.
The government and private healthcare facilities are setting up temporary camps
for the treatments of the patients, cheaper, more viable, and portable options
of ventilator to combat any future pandemic or similar epidemic has raised
general concerns that can provide better opportunity for the market players,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Malaysia
Ventilator Market By Equipment Type (Invasive Ventilation v/s Non-Invasive Ventilation),
By Product Type (Adult/ Pediatric v/s Neonatal/ Infant), By Mobility
(Standalone v/s Portable), By Mode (Volume Mode, Pressure Mode, Combined Mode),
By Source (Imported v/s Domestic), By End User (Hospitals & Clinics,
Emergency Medical Services, Homecare, Others), By Region, Competition Forecast
& Opportunities, 2026” has evaluated the
future growth potential of Malaysia 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 Malaysia ventilator market.
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