Report Overview

Focus on managing increasing prevalence of respiratory diseases, aging population and rapid economic growth in recent years in the country are expected to drive the growth of Vietnam portable ventilator market during the forecast period between 2023 and 2029.

Vietnam Portable Ventilator Market - Industry Trends & Forecast Report, 2029

The Vietnam portable ventilator market size is projected to grow at a CAGR of 6.30% during the forecast period of 2023–2029. The market is flourishing at a high rate owing to the rising prevalence of various respiratory diseases, especially among the geriatric population as well as rising government expenditure on healthcare development. Furthermore, portable ventilator manufacturing companies are increasingly investing in research and development activities to improve and introduce technological advancements into their products. They are launching their products into a potential market such as Vietnam, which is anticipated to boost the portable ventilator market growth in the forecast period.

Vietnam Portable Ventilator Market – Overview

Compact devices called portable ventilators are made to supply mechanical ventilation in places where piped gasses and main electricity are not accessible. The ability of portable transport ventilators to reduce the risk of ventilator-induced lung damage while maintaining ventilation objectives through the control and constant monitoring of tidal volumes and airway pressures makes them preferable to manual ventilation. Ventilators must have dependable batteries in order to qualify as life-supporting devices, and the majority of life-supporting portable ventilator manufacturers assert that their products have a battery life of >8 hours when taking both internal and external batteries into account.

Vietnam Portable Ventilator Market

Growth Drivers

Increasing Prevalence of Respiratory Diseases

The rising prevalence of respiratory diseases, among all age groups and especially in the geriatric population, is emerging as the major driving factor for the Vietnam portable ventilator market growth. According to the World Health Organization, in Viet Nam, there are 7.1% more males with chronic obstructive pulmonary disease (COPD) than females in the 40+ age group, and 1.9% more women in this group. Exposure to tobacco smoke (either through active smoking or passive smoking), which accounts for three of every four cases, is the main cause of COPD. Exposure to both indoor and outdoor air pollution, as well as occupational gasses and dust, are additional risk factors. This is projected to boost the demand for portable ventilators in the forecast period, especially in the homecare settings.

Restraints

High Cost of Portable Ventilators and Poor Healthcare System

In Vietnam's rural areas, the quality and accessibility of healthcare are very low, and in some of the remotest regions of the nation, access to healthcare is almost nonexistent. According to the International Trade Association, the majority of hospitals are out-of-date and frequently overcrowded. Up to 60% of the nation's patients are treated in hospitals in Hanoi and Ho Chi Minh City, which run at 200 percent of capacity. Vietnam's governmental hospitals need to replace a lot of their outdated medical equipment. As a result, the high cost of portable ventilators further restricts their adoption in the Vietnam healthcare system, limiting its market growth.

Impact of COVID -19 on the Vietnam Portable Ventilator Market

The COVID-19 pandemic emerged as a major booster for the growth of the Vietnam portable ventilator market. Ventilators played a crucial role in COVID–19 affected patients. Patients who have severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) infection and acute hypoxemic respiratory failure commonly require non-invasive ventilation (NIV) or invasive mechanical ventilation (MV). As a result, the demand for portable ventilators, especially in temporary healthcare facilities, spiked. Vietnam also witnessed the first locally manufactured ventilator from Vingroup, which is producing ventilators at USD 7000 apiece. All these factors are also anticipated to boost the growth of the Vietnam portable ventilator market in the post-COVID–19 periods as well.

Vietnam Portable Ventilator Market

Segmental Coverage

Vietnam Portable Ventilator Market – By Type

Based on type, the Vietnam Portable Ventilator market is segregated into invasive ventilators and non-invasive ventilation. The non-invasive segment dominates the Vietnam portable ventilator market as they can easily be used in non-hospital settings. Furthermore, these portable ventilators provide precise and high concentrations of oxygen, which is why they have high demand from the ambulance and other temporary healthcare facilities. However, invasive ventilators also cover a substantial market share owing to the rising prevalence of respiratory diseases in the country.

Vietnam Portable Ventilator Market – By Mode

Based on mode, the Vietnam Portable Ventilator market is segmented into pressure mode ventilation, volume mode ventilation, and combined mode ventilation. The combined mode ventilation segment accounts for the largest market share. Portable ventilator manufacturing companies are significantly investing in expanding their production capacity and boosting their penetration in the market. In addition to greater oxygenation and the assurance of a constant tidal value, this mode offers the advantages of pressure control ventilation with the lowest inspiratory pressure for every breath.

Vietnam Portable Ventilator Market – By Product

Based on product, the Vietnam Portable Ventilator market is segmented into systems and consumables. Portable ventilator systems hold the largest share of the portable ventilator market as well as registering high demand from the Vietnamese market. Patients who do not require sophisticated critical care ventilators, offer long-term assistance. These portable ventilators typically use a motor-driven piston or a turbine to pump air into the breathing circuit. O2 is often given directly into the breathing circuit in the home environment from a different source, such as an O2 tank.

Vietnam Portable Ventilator Market – By End User

Based on the end user, the Vietnam Portable Ventilator market is segregated into hospitals, ambulances, clinics, rehabilitation centers, and others. The ambulance segment accounts for the largest market share. Ambulances with portable ventilators or automated transport ventilators are known as ventilator ambulances. These ambulances often have a life support system that is managed by paramedics. The high use of these ventilator ambulances posts the pandemic significantly propelled its market growth and flourished its demand.

Vietnam Portable Ventilator Market – By Age Group

Based on age group, the Vietnam Portable Ventilator market is segregated into infant/neonatal ventilators and adult/pediatric ventilators. The adult/pediatric ventilator segment accounts for the largest market share owing to the rising old age population in the country. The adult population is more prone to chronic illnesses and has a higher diagnosis rate than infants. Furthermore, the high rate of COVID–19 among adults also acts as a major driving factor for this segment’s growth.

Competitive Landscape

• Major players operating in Vietnam Portable Ventilator market include Dyson, Weinmann, Becton Dickinson, Philips, Hamilton Medical, Fisher & Paykel Healthcare, Draeger, Medtronic, GE Healthcare, ResMed, and Teleflex.

• To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Type

• Invasive Ventilator

• Non-Invasive Ventilation

By Mode

• Pressure Mode Ventilation

• Volume Mode Ventilation

• Combined Mode Ventilation

By Product

• Systems

• Consumables

By End User

• Hospital

• Ambulance

• Clinic

• Rehabilitation Centre

• Others

By Age Group

• Infant/Neonatal Ventilator

• Adult/Pediatric Ventilator