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The COVID-19 epidemic has brought attention to how important ventilators are for treating respiratory distress. Governments and medical facilities in the Asia-Pacific region are strengthening and reevaluating their ventilator capacity as a show of their dedication to being ready for any future medical emergencies.
New hospitals and healthcare facilities are being established as a result of significant expenditures made in healthcare infrastructure in numerous Asia-Pacific nations. The growing use of ventilators is a direct result of this development, particularly in developing nations. With chronic illnesses becoming more common, the Asia-Pacific ventilator market is expected to see strong growth in sales over the next six years. It is also anticipated that the number of paediatric healthcare facilities will contribute significantly to market sales profits due to the growth in preterm deliveries, which require intensive nursery care for the infant with enough medicines and appropriate breathing. Therefore, it is projected that this factor would raise the need for medical ventilators in the region by a large amount in order to treat paediatric patients.
According to the research report, “Asia Pacific Ventilator Market Outlook, 2028,”, the Asia Pacific Ventilator market is anticipated to grow with more than 9% CAGR from 2023-2028. The prevalence of chronic diseases and declining heart health has led to a significant increase in the number of heart attacks in countries like China and India, where the environment is also becoming more polluted every day due to industrialization. This has increased the spread of heart-borne diseases and increased the need for medical ventilators in order to receive treatment in a timely manner. Additionally, an ageing population is driving the usage of medical ventilators in both developed and developing nations around the region. This has led to a rise in health concerns and is expected to positively influence the market's growth in the near future. The primary factors driving a growth in ventilator demand are the top manufacturers' continuous technical breakthroughs in ventilators.
The ageing population, which is more susceptible to respiratory and chronic illnesses and the rising incidence of these conditions, are two further factors fueling the expansion of the indirect market. Because of the current coronavirus epidemic, there is a greater need for ventilators. Many countries in the Asia-Pacific region are investing in the expansion and improvement of healthcare infrastructure. This includes the establishment of new hospitals and the upgrading of existing facilities to accommodate a higher number of critical care units equipped with ventilators. Some countries have initiated programmes to encourage local manufacturing of medical equipment, including ventilators. This not only ensures a stable supply chain but also promotes innovation within the region. Governments may provide incentives, grants, or regulatory support to local manufacturers involved in the production of ventilators.
The Asia Pacific Ventilator Market is segmented into countries like China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. In Asia Pacific, after China, Japan is a growing country for the ventilator market. Japan has one of the highest proportions of elderly populations globally. As individuals age, there is an increased likelihood of respiratory issues and the need for critical care, including the use of ventilators. The demographic trend towards an ageing population contributes to the demand for advanced medical equipment. Japan has a well-established and technologically advanced healthcare system.
The country is known for maintaining high healthcare standards and continuously adopting advanced medical technologies. This commitment to excellence fosters a demand for state-of-the-art medical equipment, including ventilators. Furthermore, it is a hub for technological innovation, and its medical device industry is no exception.
The country is home to several leading medical equipment manufacturers that invest heavily in research and development. The continuous innovation in ventilator technology contributes to the growth of the market. As well, Japan attracts international patients for medical treatment, known as medical tourism. The country's reputation for advanced healthcare services and cutting-edge medical technology enhances the demand for critical care equipment, including ventilators, to cater to both domestic and international patients.
Based on the mobility types, they are segmented into the Instruments/Ventilator Machines and Portable/transportable Ventilators. Among them in Asia Pacific, the Portable/transportable Ventilators are growing in the region. The Asia-Pacific region is characterised by geographic diversity, including densely populated urban areas and remote, underserved regions. Portable and transportable ventilators are crucial for addressing the healthcare needs of patients in remote areas and providing respiratory support in situations where immediate access to a healthcare facility is challenging. Given the region's susceptibility to natural disasters, such as earthquakes, typhoons, and tsunamis, there is an increased focus on disaster preparedness and emergency response. Portable ventilators play a vital role in providing respiratory support during emergencies, allowing healthcare professionals to quickly respond to critical situations.
As the population in many Asia-Pacific countries ages, there is a growing emphasis on home healthcare solutions. Portable ventilators enable patients with chronic respiratory conditions, including the elderly, to receive necessary respiratory support in the comfort of their homes. This aligns with the goal of improving the quality of life for individuals with respiratory disorders.
In terms of the types, there are adult/pediatric ventilators and Neonata/infant ventilators among them in Asia Pacific. Neonata/Infant Ventilators is a growing market. The survival rates of preterm newborns and those with complicated medical issues have risen due to advancements in neonatal care, especially in the Asia-Pacific area. In order to enhance outcomes, ventilators for newborns and infants are essential in helping these susceptible individuals get breathing assistance. Like many other regions of the world, the Asia-Pacific region has a high rate of premature births. Because of their frequently immature respiratory systems, premature babies need specific ventilatory assistance. Neonatal ventilator demand is in line with the necessity to treat preterm newborns' respiratory difficulties.
The Asia Pacific area has seen a rise in the need for sophisticated medical equipment, such as neonatal and infant ventilators, due to the opening of specialised paediatric hospitals and neonatal intensive care units (NICUs). These institutions are dedicated to meeting the special requirements of infants, including those with complicated medical issues.
According to the report, the end users are segmented into hospitals, home healthcare, ambulatory surgical centres, and others; among them, hospitals lead the Asia-Pacific market. Hospitals, particularly larger medical centres and tertiary care facilities, have the infrastructure and specialised units, such as intensive care units (ICUs) and respiratory care units, to provide critical care services. Ventilators are essential in these settings for managing patients with severe respiratory conditions. Many hospitals in the Asia-Pacific region have dedicated respiratory care units and ICUs that focus on providing specialised care for patients with respiratory disorders. Ventilators are integral to these units for both short-term and long-term respiratory support. Hospitals are major hubs for surgical procedures, and ventilators are used in the perioperative period to support patients undergoing surgeries.
Anaesthesia ventilators are essential for maintaining adequate respiratory function during surgery, and hospitals have specialised equipment for this purpose. The culture around hospital ventilators in the region often emphasises patient-centred care. Healthcare professionals strive to tailor ventilator settings and management strategies to the individual needs of patients, taking into consideration factors such as age, medical history, and cultural preferences.
Based on the indications, they are segmented into cardiovascular disorders and hypertension, cancer, respiratory diseases, diabetes, movement disorders, wound care, pregnancy, hearing disorders, and other indications. Among them, in Asia Pacific, cancer is growing, increasing the need for the ventilator market. Cancer is a major public health concern in the Asia-Pacific region, accounting for over 40% of cancer deaths worldwide. The most common types of cancer in the region are lung cancer, liver cancer, and stomach cancer. These cancers often lead to respiratory failure, requiring mechanical ventilation to support breathing. In addition, the number of critical care admissions in the Asia-Pacific region is increasing due to factors such as rising healthcare costs, increasing urbanisation, and the growing burden of chronic diseases. This is putting a strain on hospital resources and increasing the demand for ventilators.
Companies Covered in this report:
Koninklijke Philips N.V., ResMed Inc., Getinge AB, Drägerwerk AG & Co. KGaA, Medtronic plc, Nihon Kohden Corporation, Air Liquide S.A., GE HealthCare Technologies, Inc., Fisher & Paykel Healthcare Corporation Limited.Considered in this report:
- Geography: Asia Pacific
- Historic year: 2017
- Base year: 2022
- Estimated year: 2023
- Forecast year: 2028
Aspects covered in this report:
- Asia Pacific Ventilator market Outlook with its value and forecast along with its segments
- Country-wise Ventilator market analysis
- Various drivers and challenges
- On-going trends and developments
- Top profiled companies
- Strategic recommendation
Country covered in the report:
- China
- Japan
- India
- Australia
- South Korea
By Mobility
- Instruments/ Ventilator Machines
- Portable/transportable Ventilators
By End User
- Hospitals
- Ambulatory Surgical Centers
- Home Healthcare
- Others
By Types:
- Adult/Pediatric Ventilators
- Neonata/Infant Ventilators
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.This product will be delivered within 2 business days.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Koninklijke Philips N.V.
- ResMed Inc.
- Getinge AB
- Drägerwerk AG & Co. KGaA
- Medtronic plc
- Nihon Kohden Corporation
- Air Liquide S.A.
- GE HealthCare Technologies, Inc.
- Hill-Rom Holdings, Inc.
- BPL Medical Technologies
- Metran Co., Ltd