Report Overview

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.

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