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.
Browse XX market data Tables and XX Figures spread through XXX
Pages and an in-depth TOC on" India Ventilator Market"
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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