Asia Pacific Mechanical Ventilator Market Size, Share & Industry Trends Analysis Report By Product Type, By Age Group, By Component (Devices and Services), By Mode, By End User, By Country and Growth Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Mechanical Ventilator Market
Market Report Description
The Asia Pacific Mechanical Ventilator Market would witness market growth of 14.5% CAGR during the forecast period (2021-2027).
The market is moving towards saturation as various manufacturers have sped up their production capacities to meet the existing demand and there will be ample availability of ventilators post covid-19 situation. However, as the prevalence of chronic diseases is expected to be on the rise, the demand for critical care units like ventilators will be always there in the coming years. Moreover, with technological advancements, the demand for low-cost and advanced feature ventilators is anticipated to increase over the forecast period.
Consistent increase in the number of patients suffering from respiratory diseases is the main factor for the growth of the CPAP devices market. In the non-invasive ventilation mode segment, the CPAP accounted for over 35.0% share of the overall revenue. These devices are used in emergency settings and hospitals as an oxygen source for patients suffering from respiratory issues. CPAP devices can also support oxygen provision among patients undergoing heart treatment.
According to a research study by Yang Wang et al., published in the American Journal of Respiratory and Critical Care Medicine February 2020, in China, 23 (65.7%) patients received invasive ventilation. A total of 134 (40.6%) patients were treated with mechanical ventilation (either non-invasive or invasive). Among them, 34 received treatment of non-invasive ventilation, whereas invasive ventilation was given to 100 patients.
Tuberculosis (TB) is caused by bacteria (Mycobacterium tuberculosis) that most often affect the lungs. Tuberculosis is curable and preventable. In 2020, the largest number of new TB cases occurred in the WHO South-East Asian Region, with 43% of new cases.
The people of India and other developing countries are having weak immunity. With the diffusion of Coronavirus, the people especially geriatric population and the people with some diseases suffered respiratory issues due to which they need to be hospitalized.
The China market dominated the Asia Pacific Mechanical Ventilator Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,053.9 million by 2027. The Japan market is poised to grow at a CAGR of 13.8% during (2021 - 2027). Additionally, The India market would experience a CAGR of 15.1% during (2021 - 2027).
Based on Product Type, the market is segmented into Intensive Care Unit/Critical Care, Transport/Portable/Ambulatory, and Neonatal Care. Based on Age Group, the market is segmented into Adult, Geriatric, and Pediatric & Neonatal. Based on Component, the market is segmented into Devices and Services. Based on Mode, the market is segmented into Invasive Ventilation and Non-invasive Ventilation. Based on End User, the market is segmented into Hospital & Clinic, Ambulatory Surgical Center, Home Care, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Medtronic PLC, Dragerwerk AG & Co. KGaA, Getinge AB, Asahi Kasei Corporation (Zoll Medical Corporation), Hamilton Medical AG (Hamilton Bonaduz AG), Carl Reiner GmbH, Mindray Medical International Limited, and Vyaire Medical, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Intensive Care Unit/Critical Care
- Neonatal Care
By Age Group
- Pediatric & Neonatal
- Invasive Ventilation
- Non-invasive Ventilation
By End User
- Hospital & Clinic
- Ambulatory Surgical Center
- Home Care
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Medtronic PLC
- Dragerwerk AG & Co. KGaA
- Getinge AB
- Asahi Kasei Corporation (Zoll Medical Corporation)
- Hamilton Medical AG (Hamilton Bonaduz AG)
- Carl Reiner GmbH
- Mindray Medical International Limited
- Vyaire Medical, Inc.
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