South Africa Mechanical Ventilator Market
South Africa Mechanical Ventilator Market Size Set to Grow Steadily at CAGR of 6.62% During 2023–2029
Published | 28 April 2023
South Africa mechanical ventilator market is flourishing due to growing demand for cost-effective technology, and increasing incidences of chronic diseases, ICU bed utilization, urbanization, and pollution.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects South Africa Mechanical Ventilator Market size to grow at a CAGR of 6.62% by 2029. The rise in the incidences of respiratory illnesses is a key driver boosting the growth of mechanical ventilator market in South Africa. Rapid urbanization and an increase in pollution levels are also expected to aid in the regional market's growth during the period of the forecast. The market is expected to grow as a result of the elderly population's rapid growth as well as the prevalence of preterm births. Increases in the number of intensive care units and the unexpected development of the COVID-19 pandemic are two additional significant factors that are expected to propel the expansion of the South African mechanical ventilator market.
South Africa Mechanical Ventilator Market – Overview
Patients in critical condition who are unable to breathe on their own can benefit from the use of a mechanical ventilator. A hollow tube used as an artificial airway is put into the patient's mouth and down into their trachea to attach the patient to the ventilator. Moreover, mechanical ventilators are utilized as a diagnostic tool to evaluate respiratory system anomalies and static compliance of airway resistance. Mechanical ventilators can save lives during medical emergencies and surgery.
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Impact of COVID-19 on South Africa Mechanical Ventilator Market
COVID-19 pandemic has hastened market expansion as well. Critical treatment and ventilator assistance is required due to the COVID-19 infection's complication of respiratory failure. Mechanical breathing has frequently been utilized to oxygenate seriously ill COVID-19 patients. Also, the threat of a third wave has increased globally due to the discovery of novel COVID-19 delta and omicron variants with a high pace of spread in mid-November 2021. To fulfill the increased demand for mechanical ventilators during the pandemic, leading producers in the market as well as the government have taken action to expand market output. As a result, the market has expanded due to the existence of several producers and government initiatives to stimulate market manufacturing.
South Africa Mechanical Ventilator Market - By Modality
On basis of modality, South Africa mechanical ventilator market is split into Non-Invasive and Invasive segments. The non-invasive ventilation mode dominates the market, making it the largest segment. The segment is also expected to increase the fastest during the projected timeframe. Key drivers of the segment growth include the use of non-invasive mechanical ventilation in a variety of applications and its capacity to deliver precise and higher oxygen concentrations. Using cutting-edge intensive care ventilators with a variety of respiratory support modes, non-invasive ventilation can be provided.
Competitive Landscape
South Africa mechanical ventilator market is fiercely competitive. Major players in the market include SSEM Mthembu Medical (Pty) Ltd, MBUSO Medical Supplies, Medtronic PLC, GE Healthcare, GETINGE AB, FISHER & PAYKEL HEALTHCARE LIMITED, PENLON LIMITED, RESMED, and VYAIRE MEDICAL INC. companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the South Africa mechanical ventilator market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of South Africa Mechanical Ventilator Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in South Africa Mechanical Ventilator 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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Publish Date: April 2023
Increasing incidence of chronic diseases, rising number of ICU beds, urbanization and rising pollution levels, demand for cost-saving technologies, rising number of preterm birth and neonatal care, and advancement in technologies could boost the growth of South Africa mechanical ventilator market during the forecast period between 2023 and 2029.
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