Asia Pacific Mechanical Ventilators Market Size Booming to Touch USD 3 billion by 2029

Published | 10 January 2023

Asia-Pacific mechanical ventilators market is flourishing because of a growing focus on preventing, managing, and treating increasing pandemic infections, such as COVID-19; growing prevalence of chronic respiratory diseases; and high healthcare expenditures.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Asia-Pacific mechanical ventilators market size at USD 802.5 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Asia-Pacific mechanical ventilators market size to grow at a significant CAGR of 21.4% reaching a value of USD 2,936.46 million by 2029. Major factors for the expansion of Asia-Pacific mechanical ventilators market include a rising number of patients suffering from respiratory disorders, such as asthma, lung cancer, cystic fibrosis, and chronic obstructive pulmonary disease (COPD). For instance, according to an estimation, about 45.7 million Chinese citizens suffered from asthma in 2018. As a result of the vast patient pool in the Chinese population, the market will experience significant expansion during the period in analysis. Increasing prevalence of coronavirus sickness in Asia-Pacific countries will drive market expansion. As a result, countries with a quick increase in coronavirus incidence will raise demand for mechanical ventilators, propelling market expansion. However, risks associated with the use of ventilators and high cost of mechanical ventilators are anticipated to hamper the growth of Asia-Pacific mechanical ventilators market during the period in analysis.

Asia-Pacific Mechanical Ventilators Market – Overview

A mechanical ventilator is a machine that aids patients breathe when they are undergoing surgery or are unable to breathe on their own due to acute sickness. Mechanical ventilation, often known as assisted ventilation, is the medical term for artificial ventilation. Positive pressure ventilation, in which air is forced into the lungs, and negative pressure ventilation, in which air is sucked into the lungs by inducing movement of the chest, are the two most common types of mechanical ventilation employed. Mechanical ventilators are typically used to treat respiratory diseases, stroke, chronic obstructive pulmonary disease, and other conditions. Mechanical ventilation is a life-saving procedure that allows patients with serious illnesses to breathe just enough to survive.

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Impact of COVID -19 on Asia-Pacific Mechanical Ventilators Market

The COVID-19 has benefited the market and has had a beneficial impact on market growth because mechanical ventilator sales in hospitals and clinics have grown. A consequence of the COVID-19 infection is respiratory failure, which necessitates critical care and ventilator assistance. Mechanical breathing has frequently been used for external oxygen supply in critically ill COVID-19 patients. Furthermore, the discovery of new COVID-19 delta and omicron variants with rapid spread rates in mid-November 2021 has increased the risk of the third wave globally. Furthermore, key manufacturers of mechanical ventilators, as well as the government, have taken steps to enhance production in order to satisfy the increasing demand for ventilators during the pandemic. Thus, the presence of multiple producers, as well as government measures to increase market supply, has spurred the industry's growth.

Asia-Pacific Mechanical Ventilators Market – By End User

Based on end user, Asia-Pacific mechanical ventilators market is segmented into Hospital & Clinic, Ambulatory Surgical Center, and Homecare. The hospitals and clinic segment held the highest market share in 2022. The segmental growth is ascribed to variables, such as an increase in the number of hospitals and an increase in medical emergencies as a result of the COVID-19 pandemic. As severely ill patients with coronavirus disease require intensive care, the demand for ICU beds and mechanical ventilators in hospitals throughout Asia Pacific will rise. Mechanical ventilation is required for illnesses, such as lung injury, respiratory distress syndrome, trauma, and apnea with respiratory arrest. Because of the high prevalence of major medical diseases, the hospitals category is expected to develop significantly throughout the projection period.

Competitive Landscape

Major players operating in Asia-Pacific mechanical ventilators market include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Medtronic PLC, Dragerwerk AG & Co. KGaA, Getinge AB, Asahi Kasei Corporation (Zoll Medical Corporation), Hamilton Medical AG (Hamilton Bonaduz AG), Carl Reiner GmbH, Mindray Medical International Limited, and Vyaire Medical, Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia-Pacific Mechanical Ventilators Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia-Pacific Mechanical Ventilators Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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