Report Overview

India Ventilator Market- Industry Trends & Forecast Report 2028

India ventilator market is eyeing robust CAGR of 9.1% during the forecast period (2022-2028) due to rising prevalence of respiratory diseases, especially among the geriatric population, along with an increasing rate of premature births. Furthermore, expanding production capacity to address surging ventilator demand amid the COVID-19 pandemic is also expected to drive the market in the coming years.

Mechanical Ventilators- A Brief Overview

A ventilator is a medical device which moves breathable air into and out of the lungs during the course of treatment for patients who are unable to breathe. These computerized microprocessor-controlled machines are widely used in hospitals in intensive-care units, emergency rooms, as well as in home health care. As ventilators played a crucial role in helping COVID-19 patients to mechanically take in oxygen, the demand for ventilators soared since the begging of the pandemic.

India Ventilator Market Forecast and Trends

Growth Drivers

Rising Burden of Respiratory Diseases

The rising burden of respiratory diseases in India is anticipated to fuel the demand for ventilators in the upcoming years. According to The Lancet, around 37.9 million people in India have asthma. Additionally, a report by The Global Asthma Report 2018 estimated that 6% of children and 2% of adults in India have asthma. In addition, chronic obstructive pulmonary disease (COPD) affects about 7.4% of the Indian population. As a result, the demand for ventilators is expected to surge during the forecast period.

Increasing Ventilator Production

To meet the surging ventilator needs in the market, ventilator manufacturers in India are significantly investing in boosting the production capacity of the ventilators. The domestic production of ventilators increased from 2,500 in February 2020 to 5,500-5,750 in March 2020, according to Invest India. The domestic players are also establishing partnership with global companies to boost production. For instance, in August 2020, Bharat Electronic Ltd. in collaboration with Skanray Technologies recorded orders for 30,000 ventilators. The expanding production will boost the penetration of ventilators in healthcare facilities, driving the India ventilator market.

Restraints

Low Investment in Healthcare Infrastructure

The lack of government support and investment in the public healthcare system acts as a major restraint for the India ventilator market. Lack of financial resources makes it impossible for government hospitals and healthcare facilities to obtain ventilators according to their needs. In addition, this limits low- and middle-income groups' access to ventilators and ICUs. Due to this, the demand for ventilators in India remains underestimated, thereby negatively affecting the market growth.

Impact of COVID-19 on India Ventilator Market

The sudden COVID-19 outbreak in the country significantly proliferated the growth of the India ventilator market. The number of COVID-19 cases in India surpassed 348 million by December 2021, and the country had to go through two waves of the pandemic. As COVID-19 patients started suffering from respiratory issues, ventilator sales spiked significantly during this time period. The shortage of ventilators in healthcare facilities also attracted significant investment from government and private entities. Furthermore, ventilator manufacturers also expanded their production capacities to meet the market demand, which is anticipated to drive market growth during the forecast period.

India Ventilator Market - By Mobility

Based on mobility, the India ventilator market is segmented into intensive care ventilators, and portable/transportable ventilators. The intensive care unit accounted for the largest market share and is also projected to witness the highest CAGR during the forecast period. It is estimated that Indian hospitals and small-time nursing homes cater to around five million patients in intensive care units each year. In the coming years, this number is forecast to increase due to the COVID-19 pandemic. As a result, the demand for ventilators is also projected to surge, propelling the market growth.

India Ventilator Market - By Interface

Based on interfaces, the India ventilator market is segmented into invasive ventilation and non-invasive ventilation. The non-invasive ventilation segment holds the largest market share since they are considered safer for protection against cross-contamination. Moreover, non-invasive ventilation offers a higher chance of recovery and a better long-term survival rate. It should be noted that only non-invasive ventilation was in use on COVID-19 affected patients since the air delivery is limited through sealed masks that are placed over the mouth, nose, or the whole face, which drives the segment’s growth.

India Ventilator Market - Regional Insights

Geographically, the India ventilator market is segmented into North India, South India, East India, West India. South India dominates the India ventilator market because of the high number of COVID-19 infection cases in the region. States like Kerala, Tamil Nadu, Andhra Pradesh contribute the most COVID-19 cases in India, according to several reports. As a result, the respective State Governments are investing significantly in accumulating medical devices, such as ventilators and strengthening the healthcare infrastructures to cope with such public health emergencies.

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 market is highly consolidated due to the presence of leading equipment manufacturers. However, the shortage of ventilators in India after the COVID-19 outbreak opened lucrative growth opportunities for the new players as well. The companies launch ventilators of various types and significantly invest in research and development activities to innovate their products. Additionally, they establish partnerships with hospitals and other healthcare facilities as their official ventilator suppliers to expand their market share. Furthermore, the adoption of competitive strategies, such as mergers, acquisitions, joint ventures, collaborations, etc., is also prominent in this market.

Recent Development

• In September 2021, Noccarc Robotics, a Pune-based Med-Tech Start-up, announced the development of high-end low-cost ventilators within 90 days for the COVID-19 pandemic.

Scope of the Report:

By Mobility

• Intensive Care Ventilators

1. High-End ICU Ventilators

2. Mid-End ICU Ventilators

3. Basic ICU 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

1. Research Framework
   1. Research Objective
   2. Ventilator Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary and Secondary Sources
   2. Quantitative Research
      1. Primary and Secondary Sources
   3. Breakdown of Primary Research Respondents
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Industry Participants
   5. Market Size Estimation
   6. Assumption for the Study
   7. Market Breakdown & Data Triangulation
3. Executive Summary
4. India Ventilator Market – Industry Insights
   1. Industry Value Chain Analysis, 2021
   2. DROC Analysis
      1. Growth Drivers
         1. High prevalence of respiratory diseases
         2. Government initiatives toward increasing the availability of ventilators amidst the COVID-19 pandemic
         3. Increasing number of patients transferred to intensive care units
      2. Restraints
         1. Reimbursement concerns
      3. Opportunity
         1. Development of non-invasive and microprocessor-controlled portable ventilators
         2. Technological innovations in portability, and design of ventilators
         3. Growth in healthcare spending
      4. Challenges
         1. Low awareness and a large population of undiagnosed & undertreated patients
   3. Recent Developments
   4. Technological Advancement
      1. Artificial Intelligence in The Ventilators Market (future of healthcare—Big Data and artificial intelligence)
      2. Sensor Technologies in Ventilators
   5. Porter’s Five Forces Analysis
   6. Regulatory Framework
   7. PESTEL Analysis
   8. Healthcare Expenditure in India, 2021
   9. Number of ICU Beds in India, 2021
   10. Ventilator Pricing Analysis, 2021
5. India Ventilator Market Overview
   1. Market Estimates & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Thousand Units)
   2. Market Share & Forecast
      1. By Equipment Type
         1. Invasive Ventilation
         2. Non-Invasive Ventilation
      2. By Product Type
         1. Adult/Pediatric
         2. Neonatal/Infants
      3. By Mobility
         1. Standalone
         2. Portable
      4. By Mode
         1. Combined Mode
         2. Volume Mode
         3. Pressure Mode
         4. Others
      5. By End User
         1. Hospitals & Clinics
         2. Ambulances
         3. Emergency Medical Services
         4. Others
      6. By Region
         1. Northern India
         2. Southern India
         3. East India
         4. West India
6. Impact of COVID-19 Across Industry
7. Top 5 Brand Analysis, 2021
8. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development
      1. Product Launches and Approval
      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) *
   1. Philips India Limited (Healthcare & R&D Centre)
   2. Getinge India Pvt. Ltd.
   3. Wipro GE Healthcare Pvt. Ltd.
   4. Becton, Dickinson and Company
   5. ResMed India Pvt. Ltd.
   6. Draeger India Pvt. Ltd.
   7. Hamilton Medical India Pvt. Ltd
   8. Schiller Healthcare India Pvt. Ltd.
   9. Air Liquide Medical Systems Pvt. Ltd.
   10. Skanray Technologies Pvt. Ltd.
   11. Mindray Medical India Pvt. Ltd
   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