India Ventilator Market Overview, 2028

India Ventilator Market Overview, 2028

India has made significant strides in increasing the availability of ventilators in recent years. 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. With a large and growing population, there is a higher likelihood of increased healthcare needs, including critical care. Additionally, as the population ages, the prevalence of chronic diseases and respiratory conditions may raise, leading to a higher demand for ventilators. The prevalence of diseases such as respiratory conditions, including chronic obstructive pulmonary disease (COPD) and pneumonia, can drive the demand for ventilators. In the context of recent events, such as the COVID-19 pandemic, there has been a heightened awareness of the need for ventilators in managing severe respiratory cases. Understanding the prevalence of diseases and health conditions that necessitate ventilator support is crucial. Respiratory illnesses, cardiovascular diseases, and other critical conditions contribute to the demand for ventilators. Regular monitoring and analysis of epidemiological trends help healthcare providers anticipate and meet the evolving healthcare needs. India has emerged as a destination for medical tourism. The presence of world-class healthcare facilities attracts patients from other countries, contributing to the demand for advanced medical equipment, including ventilators. The growth of medical tourism can stimulate investment in cutting-edge healthcare technology. Improving healthcare access in rural areas is a priority for many countries, including India. The expansion of healthcare facilities in rural regions may lead to an increased demand for ventilators as more people gain access to critical care services. India has traditionally imported ventilators primarily from Europe and China to meet its requirements. In February, there were only eight ventilator manufacturers in the country4 and recognising the importance of ventilators in the near future, the Indian government banned the export of ventilators the day before the country entered a 21-day lockdown on 25 March 2020.

According to the research report ""India Ventilator Market Overview, 2028,"" published by Bonafide Research, the India Ventilator market is anticipated to grow at more than 10% CAGR from 2023 to 2028. The affordability of ventilators is a critical factor, especially in a country like India with diverse economic demographics. Efforts to make ventilators more cost-effective and accessible to a broader population can drive market growth. The ventilator market, like other medical device markets, is subject to technological advancements. Continuous innovation in ventilator design, features, and usability can influence market trends. Manufacturers may focus on developing more portable, user-friendly, and technologically advanced ventilators to meet the evolving needs of healthcare providers. The integration of telemedicine and remote monitoring technologies could impact the ventilator market. Ventilators with remote monitoring capabilities can enhance patient care, allowing healthcare providers to monitor and adjust settings remotely, especially in situations where immediate physical access may be challenging. Investments in critical care infrastructure, including ventilator-equipped intensive care units (ICUs), are likely to influence market trends. Hospitals and healthcare systems may prioritize upgrading their critical care capabilities, leading to an increased demand for ventilators. The focus on improving patient outcomes and long-term monitoring may shape the ventilator market. Ventilators with features that enable continuous monitoring of patient health and facilitate data-driven decision-making could gain prominence.

In March, the relevant EGoS and the Union Ministry of Health and Family Welfare (MoHFW) had indicated a projected demand of 75,000 ventilators by June 2020. Government hospitals had an estimated 8, 4327 ventilators in March and by May, India could boast of 19,398 ventilators countrywide. This was possible because domestic production of ventilators increased from 2,500 in February more the 30% in March, according to Invest India. Indian companies responded efficiently to the Covid-19 pandemic by fast-tracking innovation, revamping assembly lines and expediting manufacturing of everything from N95 masks and Personal Protective Equipment (PPE) to diagnostic kits and ventilators in record time. Remarkably, from producing almost no ventilators domestically, India indigeneously manufactured 60,000 ventilators in just three months. The third Empowered Group of Secretaries (EGoS) appointed by Prime Minister Narendra Modi was tasked with the responsibility of ensuring availability and production of essential medical equipments along with their procurement, import and distribution. Since then, over a dozen entities have boosted the ventilator manufacturing capacity of India. These include large-scale automobile and Information Technology (IT) companies as well as universities and independent startups, and even National Aeronautics and Space Administration (NASA)-licensed firms replicating the Ventilator Intervation Technology Acessible Locally (VITAL) prototype developed by NASA’s Jet Propulsion Laboratory.

Considered in this report:
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• India Ventilator market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Mobility
• Instruments/ Ventilator Machines
• Portable/transportable Ventilators

By End User
• Hospitals
• Ambulatory Surgical Centers
• Home Healthcare
• Others

By Indication
• Cardiovascular Disorders & Hypertension
• Cancer
• Respiratory Diseases
• Diabetes
• Movement Disorders
• Wound Care
• Pregnancy
• Hearing Disorders
• Other Indications

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Ventilator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.