Asia-Pacific Ventilators Market, By Product type (Intensive Care Ventilators, Portable Ventilators and Neonatal Ventilators), Modality (Non-Invasive Ventilation and Invasive Ventilation), Type (Adult, Paediatric and Neonatal), Mode (Combined- Mode Ventilation, Volume- Mode Ventilation, Pressure- Mode Ventilation and Other), End User (Hospitals and Clinics, Home Care, Ambulatory Centres, Speciality Clinics, Rehabilitation Centres, Long Term Care Centres, Homecare Settings and Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The market size for medical ventilators in Asia-Pacific (APAC) is predicted to expand significantly between 2022 and 2029. During the forecast period, the APAC ventilators market will be primarily driven by factors such as rising government expenditure in healthcare facilities, rising infectious and fatal disease prevalence, fast urbanisation and rising respiratory disease prevalence.
Data Bridge Market Research analyses that the ventilators market which was USD 725.44 million in 2021, would rocket up to USD 2098.60 million by 2029, and is expected to undergo a CAGR of 14.20% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product type (Intensive Care Ventilators, Portable Ventilators and Neonatal Ventilators), Modality (Non-Invasive Ventilation and Invasive Ventilation), Type (Adult, Paediatric and Neonatal), Mode (Combined- Mode Ventilation, Volume- Mode Ventilation, Pressure- Mode Ventilation and Other), End User (Hospitals and Clinics, Home Care, Ambulatory Centres, Speciality Clinics, Rehabilitation Centres, Long Term Care Centres, Homecare Settings and Others)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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Market Players Covered
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Vyaire Medical, Inc (U.S.), General Electric (U.S.), Smiths Group plc (U.K.), ACUTRONIC Medical Systems AG (Switzerland), Zoll Medical Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), Getinge AB (Sweden), ResMed (U.S.), Medtronic (Ireland), Fisher & Paykel Healthcare Limited (New Zealand), Avasarala Technologies Limited (India), Allied Healthcare Products, Inc. (U.S.), Shenzhen Mindray Bio-Medical Electronics Co., Ltd, (China), Dragerwerk AG & CO. KGAA (Germany), Nihon Kohden Corporation (Japan), Asahi Kasei Corporation (Japan), Air Liquide (France)
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Market Opportunities
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Market Definition
A ventilator helps a patient who has breathing trouble on their own. Ventilators are in charge of pulling carbon dioxide out of the patient's body and delivering oxygen. By circulating breathable air into and out of the lungs, ventilators essentially provide mechanical ventilation, which is their primary purpose.
Ventilators Market Dynamics
Drivers
- Technological advancements
The leading manufacturers' continued technological advancements in ventilators are the key elements driving an increase in ventilator demand. Other indirect market growth drivers include the increasing frequency of chronic and respiratory diseases and the growing geriatric population who are sensitive to such diseases. As a result, the demand for ventilators has increased in the recent coronavirus outbreak.
- Increased government expenditure on healthcare
Rising prevalence of chronic diseases, the Asia-Pacific ventilators market is anticipated to record high sales in the succeeding six years. Due to the rise in the number of premature births, which necessitate intense nursery care for the baby with enough medication and good breathing, it is also projected that the number of paediatric healthcare centres would contribute a significant amount of market sales profits. As a result, it is anticipated that this factor will significantly increase the demand for medical ventilators to treat paediatric patients throughout the region.
Opportunities
In nations like China and India where the environment is also getting more polluted every day backed by industrialization and has led to an increase in the spread of heart borne diseases and is leading to an increase in the use of medical ventilators for a timely cure, the prevalence of chronic diseases and disproving heart health has led to a significant increase in the number of heart attacks. Also, the deployment of medical ventilators in both developed and emerging countries across the region is being fuelled by an increase in the elderly population, which has caused increased health concerns and is anticipated to have a favourable impact on the market's growth in the near future.
Restraints/Challenges
- High cost
Due to insufficient reimbursement scenarios, the market growth rate will be slowed down in developing and underdeveloped economies. The ventilator's high related expenses will also be a hindrance to the market's expansion.
- Strict rules by government
The market expansion rate will be hampered by the government's strict rules on the approval of new technology. Additionally, the decline in demand for invasive medical ventilation will be problematic.
This ventilators market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ventilators market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Ventilators Market
The market for ventilators has grown because of COVID-19. Due of the pandemic, the top researchers and industry players are currently concentrating on understanding how Asia-Pacific ventilators approaches can help avoid COVID-19 infection. The technology of Asia-Pacific ventilators has been investigated as a potential method to reduce the negative effects of the pandemic and virus mutation. It can be used in a variety of ways that could enhance human health.
Asia-Pacific Ventilators Market Scope
The ventilators market is segmented on the basis of product type, modality, type, mode and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Intensive Care Ventilators
- Portable Ventilators
- Neonatal Ventilators
Modality
- Non-Invasive Ventilation
- Invasive Ventilation
Type
- Adult
- Paediatric
- Neonatal
Mode
- Combined- Mode Ventilation
- Volume- Mode Ventilation
- Pressure- Mode Ventilation
- Other
End User
- Hospitals and Clinics
- Home Care
- Ambulatory Centres
- Speciality Clinics
- Rehabilitation Centres
- Long Term Care Centres
- Homecare Settings
- Others
Ventilators Market Regional Analysis/Insights
The ventilators market is analysed and market size insights and trends are provided by country, product type, modality, type, mode and end user as referenced above.
The countries covered in the ventilators market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Japan is dominating the Asia-Pacific ventilators market due to the growing number of chronic diseases, rising number of ICU beds, increasing number of preterm birth and emerging neonatal care technologies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ventilators Market Share Analysis
The ventilators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ventilators market.
Some of the major players operating in the ventilators market are:
- Vyaire Medical, Inc (U.S.)
- General Electric (U.S.)
- Smiths Group plc (U.K.)
- ACUTRONIC Medical Systems AG (Switzerland)
- Zoll Medical Corporation (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Getinge AB (Sweden)
- ResMed (U.S.)
- Medtronic (Ireland)
- Fisher & Paykel Healthcare Limited (New Zealand)
- Avasarala Technologies Limited (India)
- Allied Healthcare Products, Inc. (U.S.)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd, (China)
- Dragerwerk AG & CO. KGAA (Germany)
- Nihon Kohden Corporation (Japan)
- Asahi Kasei Corporation (Japan)
- Air Liquide (France)
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