India Ventilator Market to Grow at 10% through FY2026
Growing prevalence
of lung diseases coupled with outbreak of COVID-19 to drive India ventilator market
According
to TechSci Research report, “India Ventilator Market By Equipment Type, By
Product Type, By Mobility, By Mode, By Source, By End User, By Region,
Competition, Forecast & Opportunities, FY 2026”, India ventilator market is forecast to grow at a CAGR of
10% during FY 2021 – FY 2026 on account of the increasing number of ICU beds
equipped with ventilators. Additionally, growing prevalence of serious lung
diseases or improper functioning of respiratory system requiring the use of
ventilators for such patients is further anticipated to spur the market growth during
forecast period. Additionally, growing air pollution and deteriorating air
quality in cities has drastically increased the patient population suffering
from various respiratory problems. This in turn is expected to positively
influence the market growth in the coming years. Moreover, the spread of novel
coronavirus (COVID-19) across the country has drastically increased demand for
ventilators in the country, which is expected to significantly push volume sales
of ventilators in FY 2021. However, high cost of ventilators and dependency on
imports might hamper the market growth during forecast period.
Browse over 20 market data
Tables and Figures spread through 70 Pages and an in-depth TOC on " India Ventilator Market"
https://www.techsciresearch.com/report/india-ventilator-market/4717.html
India ventilator market is segmented based on equipment type, product type, mobility,
mode, source, end user, company and region. Based on product type, the market
can be categorized into adult/pediatric and neonatal/infants. The adult/pediatric
segment is expected to dominate the market on account of the growing geriatric
population suffering from various chronic and infectious diseases, and hence,
requiring the assistance of ventilators. Based on mobility, the market can be
bifurcated into standalone and portable. The standalone segment is expected to
dominate the market on account of the growing number of ICUs and ICU beds
equipped with ventilators in the country. The portable ventilator segment is also
expected to grow during forecast period due to rising prevalence of chronic
diseases and increasing preference of portable ventilators in home care
settings, ambulatory settings, emergency medical services, ambulances, among
others. Additionally, portable ventilators are affordable, user friendly and provide flexibility in use.
Based on end user, the market can be fragmented into hospitals & clinics,
emergency medical services and others. The hospitals & clinics segment is
expected to dominate the market owing to the increased patient pool visiting them
requiring the use of ventilators.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4717
Customers can also
request for 10% free customization on this report.
“India ventilator market
is expected to witness surge in sales on account of sudden outbreak of COVID-19
pandemic. Furthermore, growth healthcare industry, rapid technological
advancements and capacity expansions by ventilator manufacturers are expected
to positively influence the ventilator market in India over the next five
years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based India management consulting firm. Philips India Limited (Healthcare & R&D
Centre), Getinge India Pvt. Ltd., Wipro GE Healthcare Pvt. Ltd., ResMed India
Pvt. Ltd., Draeger India Pvt. Ltd., Hamilton Medical India Pvt. Ltd, Schiller
Healthcare India Pvt. Ltd., Air Liquide Medical Systems Pvt. Ltd., Skanray
Technologies Pvt. Ltd., Mindray Medical India Pvt. Ltd. are some of the leading players operating in India ventilator market.
The companies operating in the market are using various strategies such as
product launches, mergers and collaborations to boost their market share.
“India Ventilator Market By Equipment Type, By
Product Type, By Mobility, By Mode, By Source, By End User, By Region, Competition,
Forecast & Opportunities, FY 2026”, has evaluated
the future growth potential of India ventilator market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in India ventilator market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email:
[email protected]