
India Ventilator Market, By Mobility (Intensive Care Ventilators, Portable/Transportable Ventilators), By Interface (Invasive Ventilation, Non-Invasive Ventilation), By Type (Adult/Pediatric Ventilators, Infant/Neonatal Ventilators), By Mode (Combined-Mod
Description
India Ventilator Market, By Mobility (Intensive Care Ventilators, Portable/Transportable Ventilators), By Interface (Invasive Ventilation, Non-Invasive Ventilation), By Type (Adult/Pediatric Ventilators, Infant/Neonatal Ventilators), By Mode (Combined-Mode Ventilation, Volume-Mode Ventilation, Pressure-Mode Ventilation, Other Modes), By End-User (Hospitals & Clinics, Home Care, Ambulatory Care Centers, Emergency Medical Services), By Region (North India, South India, East India, West India)Trend Analysis, Competitive Market Share & Forecast, 2018-2028
India Ventilator Market to Witness 9.1% CAGR during 2022–2028
India ventilator market to grow due to surging number of ICU admissions in the country coupled with launch of new and innovative products by manufacturers…
A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the India ventilator market is forecast to grow at a CAGR of 9.1% during the forecast period of 2022-2028 on account of the rising burden of respiratory diseases, which is leading to increasing number of ICU admissions across the country. Chronic respiratory diseases, such as asthma, COPD, chronic bronchitis, etc., are causing respiratory issues among people, making it tough for them to breathe. Therefore, the demand for ventilators in ICU is growing at a rapid pace, propelling the overall market growth. Additionally, manufacturers are expected to increase investments in ventilator production, which is also anticipated to positively influence the market during the forecast period.
Increasing Demand Among Adult/Pediatric Patients is Projected to Drive India Ventilator Market
Based on types, the India ventilator market is segmented into adult/pediatric ventilators and infant/neonatal ventilators. The adult/pediatric segment accounts for the largest market share because of the increasing geriatric population and rising prevalence of chronic respiratory diseases. According to an estimate by The Lancet, 37.9 million people in India have asthma and frequently experience respiratory issues. However, the infant/neonatal ventilators segment is projected to witness a high growth rate during the forecast period due to the rising cases of preterm births in India.
Rising Hospital Investments in Ventilators Is Anticipated to Boost the Market Growth
Based on mode, the India ventilator market is segmented into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation, and other modes. Among these, the volume/assist-control mode ventilation segment holds the largest market share. This mode is prominently used in intensive care units for patients experiencing respiratory issues and requiring external support. Volume-mode ventilation reduces work of breathing and improves comfort for patients with high and variable respiratory demands. Additionally, the surge in the prevalence of respiratory issues, especially after the COVID-19 pandemic, is anticipated to drive the segment’s growth.
India Ventilator Market - Regional Insights
Geographically, the India ventilator market has been analyzed across North India, South India, East India, West India. Among these regions, South India dominates the India ventilator market. However, North India is anticipated to witness a high growth rate during the forecast period. Several North Indian states, such as Uttar Pradesh, Delhi, and Bihar, have been investing significantly in boosting healthcare expenditures to strengthen the infrastructure to deal with public health emergencies. This is likely to boost the market during the forecast period.
Impact of COVID-19 on India Ventilator Market
India ventilator market boomed after the outbreak of COVID-19 in the country. Due to severe breathing problems and respiratory issues, COVID-19 patients were required to be placed on ventilators in order to maintain their breathing. However, an overwhelming surge in the COVID-19 cases in the country led to a shortage of ventilators. This led to a huge demand for ventilators, which led to the overall market growth. Furthermore, ventilator manufacturers also significantly invested in boosting production capacities of ventilators, which is anticipated to drive the market growth during the forecast period.
India Ventilator Market - Competitive Landscape
The leading players in the India ventilator market are AgVa Healthcare, Life Line Biz Pvt. Ltd., Trivitron Healthcare Pvt. Ltd., Air Liquide Medical Systems Private Limited, Max Ventilators, Narang Medical Limited, AVI Healthcare Pvt. Ltd., Skanray Technologies Pvt. Ltd., Medion Healthcare Pvt. Ltd., OneBreath Inc., and other prominent players.
The India ventilator market is highly consolidated due to the presence of leading ventilation device manufacturers. However, the shortage of ventilators in India after the COVID-19 outbreak opened various growth opportunities for the new players as well. To gain a competitive edge, the market players launch ventilators of various types and significantly invest in research and development activities to innovate their products. They also establish partnerships with hospitals and other healthcare facilities as their official ventilator providers to boost their market share. Furthermore, the adoption of competitive strategies such as mergers, acquisitions, joint ventures, collaborations, etc., is also prominent in this market.
India Ventilator Market to Witness 9.1% CAGR during 2022–2028
India ventilator market to grow due to surging number of ICU admissions in the country coupled with launch of new and innovative products by manufacturers…
A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the India ventilator market is forecast to grow at a CAGR of 9.1% during the forecast period of 2022-2028 on account of the rising burden of respiratory diseases, which is leading to increasing number of ICU admissions across the country. Chronic respiratory diseases, such as asthma, COPD, chronic bronchitis, etc., are causing respiratory issues among people, making it tough for them to breathe. Therefore, the demand for ventilators in ICU is growing at a rapid pace, propelling the overall market growth. Additionally, manufacturers are expected to increase investments in ventilator production, which is also anticipated to positively influence the market during the forecast period.
Increasing Demand Among Adult/Pediatric Patients is Projected to Drive India Ventilator Market
Based on types, the India ventilator market is segmented into adult/pediatric ventilators and infant/neonatal ventilators. The adult/pediatric segment accounts for the largest market share because of the increasing geriatric population and rising prevalence of chronic respiratory diseases. According to an estimate by The Lancet, 37.9 million people in India have asthma and frequently experience respiratory issues. However, the infant/neonatal ventilators segment is projected to witness a high growth rate during the forecast period due to the rising cases of preterm births in India.
Rising Hospital Investments in Ventilators Is Anticipated to Boost the Market Growth
Based on mode, the India ventilator market is segmented into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation, and other modes. Among these, the volume/assist-control mode ventilation segment holds the largest market share. This mode is prominently used in intensive care units for patients experiencing respiratory issues and requiring external support. Volume-mode ventilation reduces work of breathing and improves comfort for patients with high and variable respiratory demands. Additionally, the surge in the prevalence of respiratory issues, especially after the COVID-19 pandemic, is anticipated to drive the segment’s growth.
India Ventilator Market - Regional Insights
Geographically, the India ventilator market has been analyzed across North India, South India, East India, West India. Among these regions, South India dominates the India ventilator market. However, North India is anticipated to witness a high growth rate during the forecast period. Several North Indian states, such as Uttar Pradesh, Delhi, and Bihar, have been investing significantly in boosting healthcare expenditures to strengthen the infrastructure to deal with public health emergencies. This is likely to boost the market during the forecast period.
Impact of COVID-19 on India Ventilator Market
India ventilator market boomed after the outbreak of COVID-19 in the country. Due to severe breathing problems and respiratory issues, COVID-19 patients were required to be placed on ventilators in order to maintain their breathing. However, an overwhelming surge in the COVID-19 cases in the country led to a shortage of ventilators. This led to a huge demand for ventilators, which led to the overall market growth. Furthermore, ventilator manufacturers also significantly invested in boosting production capacities of ventilators, which is anticipated to drive the market growth during the forecast period.
India Ventilator Market - Competitive Landscape
The leading players in the India ventilator market are AgVa Healthcare, Life Line Biz Pvt. Ltd., Trivitron Healthcare Pvt. Ltd., Air Liquide Medical Systems Private Limited, Max Ventilators, Narang Medical Limited, AVI Healthcare Pvt. Ltd., Skanray Technologies Pvt. Ltd., Medion Healthcare Pvt. Ltd., OneBreath Inc., and other prominent players.
The India ventilator market is highly consolidated due to the presence of leading ventilation device manufacturers. However, the shortage of ventilators in India after the COVID-19 outbreak opened various growth opportunities for the new players as well. To gain a competitive edge, the market players launch ventilators of various types and significantly invest in research and development activities to innovate their products. They also establish partnerships with hospitals and other healthcare facilities as their official ventilator providers to boost their market share. Furthermore, the adoption of competitive strategies such as mergers, acquisitions, joint ventures, collaborations, etc., is also prominent in this market.
Table of Contents
117 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Ventilator Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary and Secondary Sources
- 2.2. Quantitative Research
- 2.2.1. Primary and Secondary Sources
- 2.3. Breakdown of Primary Research Respondents
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Industry Participants
- 2.5. Market Size Estimation
- 2.6. Assumption for the Study
- 2.7. Market Breakdown & Data Triangulation
- 3. Executive Summary
- 4. India Ventilator Market – Industry Insights
- 4.1. Industry Value Chain Analysis, 2021
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.1.1. High prevalence of respiratory diseases
- 4.2.1.2. Government initiatives toward increasing the availability of ventilators amidst the COVID-19 pandemic
- 4.2.1.3. Increasing number of patients transferred to intensive care units
- 4.2.2. Restraints
- 4.2.2.1. Reimbursement concerns
- 4.2.3. Opportunity
- 4.2.3.1. Development of non-invasive and microprocessor-controlled portable ventilators
- 4.2.3.2. Technological innovations in portability, and design of ventilators
- 4.2.3.3. Growth in healthcare spending
- 4.2.4. Challenges
- 4.2.4.1. Low awareness and a large population of undiagnosed & undertreated patients
- 4.3. Recent Developments
- 4.4. Technological Advancement
- 4.4.1. Artificial Intelligence in The Ventilators Market (future of healthcare—Big Data and artificial intelligence)
- 4.4.2. Sensor Technologies in Ventilators
- 4.5. Porter’s Five Forces Analysis
- 4.6. Regulatory Framework
- 4.7. PESTEL Analysis
- 4.8. Healthcare Expenditure in India, 2021
- 4.9. Number of ICU Beds in India, 2021
- 4.10. Ventilator Pricing Analysis, 2021
- 5. India Ventilator Market Overview
- 5.1. Market Estimates & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.1.2. By Volume (Thousand Units)
- 5.2. Market Share & Forecast
- 5.2.1. By Equipment Type
- 5.2.1.1. Invasive Ventilation
- 5.2.1.2. Non-Invasive Ventilation
- 5.2.2. By Product Type
- 5.2.2.1. Adult/Pediatric
- 5.2.2.2. Neonatal/Infants
- 5.2.3. By Mobility
- 5.2.3.1. Standalone
- 5.2.3.2. Portable
- 5.2.4. By Mode
- 5.2.4.1. Combined Mode
- 5.2.4.2. Volume Mode
- 5.2.4.3. Pressure Mode
- 5.2.4.4. Others
- 5.2.5. By End User
- 5.2.5.1. Hospitals & Clinics
- 5.2.5.2. Ambulances
- 5.2.5.3. Emergency Medical Services
- 5.2.5.4. Others
- 5.2.6. By Region
- 5.2.6.1. Northern India
- 5.2.6.2. Southern India
- 5.2.6.3. East India
- 5.2.6.4. West India
- 6. Impact of COVID-19 Across Industry
- 7. Top 5 Brand Analysis, 2021
- 8. Competitive Landscape
- 8.1. List of Key Players and Their Offerings
- 8.2. Market Share Analysis, 2021
- 8.3. Competitive Benchmarking, By Operating Parameters
- 8.4. Key Strategic Development
- 8.4.1. Product Launches and Approval
- 8.4.2. Merger Acquisition, Partnership, Joint-Ventures etc.
- 9. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- 9.1. Philips India Limited (Healthcare & R&D Centre)
- 9.2. Getinge India Pvt. Ltd.
- 9.3. Wipro GE Healthcare Pvt. Ltd.
- 9.4. Becton, Dickinson and Company
- 9.5. ResMed India Pvt. Ltd.
- 9.6. Draeger India Pvt. Ltd.
- 9.7. Hamilton Medical India Pvt. Ltd
- 9.8. Schiller Healthcare India Pvt. Ltd.
- 9.9. Air Liquide Medical Systems Pvt. Ltd.
- 9.10. Skanray Technologies Pvt. Ltd.
- 9.11. Mindray Medical India Pvt. Ltd
- 9.12. Other Prominent Players
- 10. Key Strategic Recommendations
- * Financial information of non-listed Companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.
- List of Figures
- Figure 1 India Ventilator Segmentation
- Figure 2 India Ventilator Market Value Chain Analysis
- Figure 3 Porter’s Five Forces Analysis
- Figure 4 PESTEL Analysis
- Figure 5 India Ventilator Market Size, By Value (USD Million), 2018-2028
- Figure 6 India Ventilator Market Share, By Equipment Type, By Value, 2018-2028
- Figure 7 India Ventilator Market Share, By Product Type, By Value, 2018-2028
- Figure 8 India Ventilator Market Share, By Mobility, By Value, 2018-2028
- Figure 9 India Ventilator Market Share, By Mode, By Value, 2018-2028
- Figure 10 India Ventilator Market Share, By End User, By Value, 2018-2028
- Figure 11 Top 5 Brand Analysis, 2021
- Figure 12 Market Share Analysis, 2021
- List of Tables
- Table 1 India Ventilator Market Size, By Equipment Type, By Value, 2018-2028
- Table 2 India Ventilator Market Size, By Product Type, By Value, 2018-2028
- Table 3 India Ventilator Market Size, By Mobility, By Value, 2018-2028
- Table 4 India Ventilator Market Size, By Mode, By Value, 2018-2028
- Table 5 India Ventilator Market Size, By End User, By Value, 2018-2028
- Table 6 India Ventilator Market Size, By Equipment Type, By Volume, 2018-2028
- Table 7 India Ventilator Market Size, By Mobility, By Volume, 2018-2028
- Table 8 Number of ICU Beds in India, 2021
- Table 9 Key Players and Their Offerings
- Table 10 Competitive Benchmarking, By Operating Parameters
- Table 11 Product Launches and Approval
- Table 12 Merger Acquisition, Partnership, Joint-Ventures etc
- Table 13 Philips India Limited (Healthcare & R&D Centre) Company Overview
- Table 14 Philips India Limited (Healthcare & R&D Centre) Financial Overview
- Table 15 Getinge India Pvt. Ltd. Company Overview
- Table 16 Getinge India Pvt. Ltd. Financial Overview
- Table 17 Becton, Dickinson and Company Company Overview
- Table 18 Becton, Dickinson and Company Financial Overview
- Table 19 ResMed India Pvt. Ltd. Company Overview
- Table 20 ResMed India Pvt. Ltd. Financial Overview
- Table 21 Hamilton Medical India Pvt. Ltd Company Overview
- Table 22 Hamilton Medical India Pvt. Ltd Financial Overview
- Table 23 Air Liquide Medical Systems Pvt. Ltd. Company Overview
- Table 24 Air Liquide Medical Systems Pvt. Ltd. Financial Overview
- Table 25 Skanray Technologies Pvt. Ltd. Company Overview
- Table 26 Skanray Technologies Pvt. Ltd. Financial Overview
- Table 27 Mindray Medical India Pvt. Ltd Company Overview
- Table 28 Mindray Medical India Pvt. Ltd Financial Overview
Pricing
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