
Asia Pacific Ventilators Market
No. of Pages: 221 | Report Code: BMIRE00028246 | Category: Life Sciences
No. of Pages: 221 | Report Code: BMIRE00028246 | Category: Life Sciences
The Asia Pacific ventilators market is expected to grow from US$ 1,172.92 million in 2022 to US$ 2,048.29 million by 2028; it is estimated to grow at a CAGR of 9.7% from 2022 to 2028.
Technological Innovations in Ventilators Fuels Asia Pacific Ventilators Market
The demand for innovative smaller, quieter, and more comfortable ventilators that respond to patients' needs is rising, thereby enabling healthcare providers to ensure effective treatment for patients in the ICU. Over the last two decades, technological advancements have significantly improved ICU ventilator performances. State-of-the-art ICU ventilators are primarily featuring a series of microprocessors controlling a gas delivery platform. As a result, the capabilities of these ventilators are more significant than previous generations of ventilators. Moreover, With advancements in ICU ventilators, new models are available; closed-loop control is majorly being used. The monitoring capabilities of them are enlarged, and the user interface is also modified. The new generation of ICU ventilators has a computer screen based on their user interface. The recent innovations in mechanical ventilators include lung protection strategies, automated weaning strategies, and optimizing ventilator synchrony. They are also enabled with technologies such as iVAPS (i.e., intelligent volume-assured pressure support) with an iBR (i.e., intelligent back-up rate), leak management technology, learn circuit, and Vsync and TiControl for ensuring greater comfort.
Portable ventilators are a recent technological innovation in ventilators. The device is set to transform ventilatory care through its small size, conferring portability and ease of use, versatility, and extended battery life. It is cheaper than other ICU ventilators and features both invasive and non-invasive capabilities; thus, the device is ideally suited for patients suffering from different extents of disease severity at various locations. However, to be truly useful, the manufacturers need to focus on the reliability aspect of these machines to deliver consistent ventilatory parameters despite the changing lung mechanics. Many market players are launching their innovative products in the market with advanced features and cost-effective prices. In July 2020, KPIT Technologies unveiled its versatile ventilators for use in the treatment of COVID-19 patients. Similarly, in June 2020, Fitbit launched Fitbit Flow, an easy-to-use and low-cost automatic resuscitator, designed for emergency ventilation in COVID-19 patient treatment.
Asia Pacific Ventilators Market Overview
The Asia Pacific ventilators market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The market growth in Asia Pacific is attributed to the rising prevalence of respiratory disorders. Moreover, expansion and product launch strategies implemented by market players are expected to contribute to the growth of the ventilators market in the region in the coming years.
Strategic insights for the Asia Pacific Ventilators provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Ventilators refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Asia Pacific Ventilators Strategic Insights
Asia Pacific Ventilators Report Scope
Report Attribute
Details
Market size in 2022
US$ 1,172.92 Million
Market Size by 2028
US$ 2,048.29 Million
Global CAGR (2022 - 2028)
9.7%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Mobility
By Clinical Indication
By Patients
By Interface
By Mode
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
Asia Pacific Ventilators Regional Insights
Asia Pacific Ventilators Market Segmentation
The Asia Pacific ventilators market is segmented on the basis of mobility, clinical indication, patients, interface, mode, end user, and country.
Based on mobility, the Asia Pacific ventilators market is bifurcated into intensive care ventilators and portable/transportable ventilators. The intensive care ventilators segment held a larger Asia Pacific ventilators market share in 2022.
Based on clinical indication, the Asia Pacific ventilators market is segmented into medical (in general), trauma, neurological (emergency cranial surgery or with complex skull base tumor resections), surgical, and others. The medical (in general) segment held the largest Asia Pacific ventilators market share in 2022.
Based on patients, the Asia Pacific ventilators market is bifurcated into adult and pediatric & neonatal. The adult segment held a larger Asia Pacific ventilators market share in 2022.
Based on interface, the Asia Pacific ventilators market is divided into invasive and non-invasive. The invasive segment held a larger Asia Pacific ventilators market share in 2022.
Based on mode, the Asia Pacific ventilators market is segmented into combined mode ventilation, volume mode, ventilation, pressure mode ventilation, neurally adjusted ventilatory assist (NAVA), inverse ratio ventilation (IRV), prone ventilation, high-frequency oscillatory ventilation (HFOV), high-frequency percussive ventilation (HFPV), and other. The combined mode ventilation segment held the largest Asia Pacific ventilators market share in 2022.
Based on end user, the Asia Pacific ventilators market is segmented into hospitals & clinics, home care, ambulatory care centers, and emergency medical services (EMS). The hospitals & clinics segment held the largest Asia Pacific ventilators market share in 2022.
Based on country, the Asia Pacific ventilators market is segmented into Japan, China, India, Australia, South Korea, and the Rest of Asia Pacific. Japan dominated the Asia Pacific ventilators market share in 2022.
BPL Medical Technologies; Dragerwerk AG & Co. KGaA; Fisher & Paykel Healthcare Limited; General Electric Co; Getinge AB; Hamilton Medical; Koninklijke Philips NV; Medtronic Plc; ResMed Inc.; and VYAIRE MEDICAL, INC. are the leading companies operating in the Asia Pacific ventilators market.
The Asia Pacific Ventilators Market is valued at US$ 1,172.92 Million in 2022, it is projected to reach US$ 2,048.29 Million by 2028.
As per our report Asia Pacific Ventilators Market, the market size is valued at US$ 1,172.92 Million in 2022, projecting it to reach US$ 2,048.29 Million by 2028. This translates to a CAGR of approximately 9.7% during the forecast period.
The Asia Pacific Ventilators Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Ventilators Market report:
The Asia Pacific Ventilators Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Ventilators Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Ventilators Market value chain can benefit from the information contained in a comprehensive market report.