APAC Mechanical Ventilators Market Size to Gain USD 1.2 Bn by 2026

Published Date: 2020-05-26

Request a sample

According to the Graphical Research new growth forecast report titled Asia Pacific Mechanical Ventilators Market share is set to exceed USD 1.2 billion by 2026. The rising COVID-19 pandemic across the region along with increasing number of preterm births, and growing prevalence of respiratory infections are fueling the demand for the mechanical ventilators. Furthermore, growing number of ICU beds are expected to propel the market growth positively. Wide applications of these ventilators in treating several diseases such as sleeping disorders, neurological diseases and respiratory infections are some other factors that are influencing the overall market growth in the region. Hence, owing to the above mentioned factors the Asia Pacific mechanical ventilators market will witness an exponential growth in the coming period.

Rising geriatric population coupled with several chronic diseases such as chronic respiratory emergencies, diabetes, cardiovascular diseases among others are some of the key factors that are fueling the market growth. Technological advancements in ventilators are further projected to witness a lucrative growth for a substantial period. Significant government initiatives in emerging economies to support the healthcare system is anticipated to fuel the market development. Hence, owing to these attributes the market will register a substantial growth in the coming years. However, high cost of the devices may hinder the market growth across the region.

Intensive care ventilators segment held around 84% share in 2019 and is projected to witness a substantial growth in the upcoming years. The high lucrative growth is due to growing pandemic 0f COVID-19 across the region that has affected the healthcare systems drastically. For instance, more than 40% COVID-19 patients in China need intensive care ventilators. Inadequate quantity of ventilators to handle the impending surge in critically ill patients will propel the demand for these ventilators thereby boosting the overall market growth.

Non-invasive ventilation segment is also expected to witness the significant growth rate in the upcoming years. The is attributed to the factors such as better tolerance and convenience than invasive ventilation, cost effective, and reduces work of breathing. Thus, owing to these factors the segmental growth is projected to witness a momentous growth in the upcoming years.

Adult ventilators segment is anticipated to register the highest CAGR of 5.0% during the forecast period. The high growth is attributed to rising number of corona virus cases among adults and increasing base of geriatric population prone to several chronic diseases such as respiratory ailments, diabetes, cardiovascular disease, among others. Hence, owing to the above mentioned factors the demand for mechanical ventilators is propelling the overall market growth positively in the coming years.

Resuscitation segment accounted for the largest share of the mechanical ventilators market in 2019. The rising number of cardiopulmonary resuscitation cases across the region is one of the major factors for the dominant share of the segment. According to the National Centre of Biotechnology and Information, in 2015, in Japan, around 3.7% extracorporeal cardiopulmonary resuscitation cases were reported that in turn led to the demand for ventilators. Hence owing to the above reasons, resuscitation segment is projected to be the lucrative segment over the upcoming years.

Pressure mode ventilator segment was valued over USD 308.8 million in 2019. This is attributed to the factors, for instance, pressure mode ventilator increases the duration of alveolar recruitment, protects against barotrauma, increases mean airway pressure, and improves the work of breathing and patient comfort. Hence owing to these factors the market is anticipated to fuel the segmental growth over the forecast period.

The hospital segment held the largest revenue in 2019 and was valued at USD 436.5 million. The growing number of hospital admissions owing to rising covid-19 patients along with increasing geriatric population across the region is propelling the market expansion. According to the news article in 2018, around 35.9 million Japanese population is above the age 65 years. The growing aging population in the country coupled with chronic diseases such as diabetes, respiratory illness, cardiovascular diseases among others propel the demand for ventilators. Hence, owing to these statistics the demand for mechanical ventilators will influence the overall market growth positively.

China mechanical ventilators market is estimated to witness around 6.6% CAGR during the forthcoming years. The high growth is attributed to the rising COVID-19 pandemic cases and rapid spread of the disease across the country has further led to the increasing number of hospital admissions. According to the China Health Commission, as of May 11th 2020, the total number of confirmed cases were 82,901 and around 4,633 deaths were reported so far. Therefore, owing to the rising cases across the country the demand for ventilators is growing with each passing day, thereby propelling the market growth positively and is expected to follow the same trend in the coming years.

The major industry players in the mechanical ventilators industry are Medtronic, Getinge, Drägerwerk, Hamilton Medical, Philips, ResMed, GE Healthcare and Fisher & Paykel among others. In order to increase the geographical presence and market share, these companies are focusing on major strategies such as partnerships, new product launches, acquisitions, collaborations and production expansions. In March 2020, Zoll Medical Corporation planned to build 10,000 ventilators per month to help patients affected by coronavirus disease. This initiative to increase manufacturing capacity will contribute to the growth of company in the near future. In addition, this move will satisfy the urgent need for ventilators to treat the patients affected by COVID-19 thereby, fueling the industry growth.

Asia Pacific Mechanical Ventilators Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:

Market Value, By Product, 2015 – 2026 (USD Million and Units)

  • Intensive Care Ventilators
    • High-end
    • Mid-end
    • Basic-end
  • Portable Ventilators

Market Growth, By Interface, 2015 – 2026 (USD Million and Units)

  • Invasive Ventilation
  • Non-invasive Ventilation
    • CPAP
    • BiPAP
    • APAP
    • Others

Market Forecast, By Ventilator Type, 2015 – 2026 (USD Million and Units)

  • Adult Ventilators
  • Neonatal Ventilators

Market Share, By Application, 2015 – 2026 (USD Million and Units)

  • Resuscitation
  • Homecare Applications
  • Emergency/Transport
  • Sleep Apnea Therapy
  • Anaesthesiology
  • Clinical Applications
  • Others

Market Trends, By Mode, 2015 – 2026 (USD Million and Units)

  • Combined Mode Ventilator
  • Control Mode Ventilator
  • Pressure Mode Ventilator

Market SIze, By End-use, 2015 – 2026 (USD Million and Units)

  • Hospitals
  • Ambulatory Surgical Centers
  • Homecare
  • Others

The above information is provided for the following region and countries:

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Taiwan
  • Indonesia
  • Bangladesh
  • Kazakhstan
  • New Zealand
  • Pakistan
  • Philippines
  • Malaysia
  • Singapore
  • Thailand
  • Vietnam