Impact Of COVID-19 On India Ventilator Industry Market Trends, Size, Competitive Analysis And Forecast - 2019-2025

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Impact of COVID-19 on India Ventilator Industry Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

 

With the surging cases of coronavirus in India, the major challenge is faced by the hospitals to offer critical care to every patient. Ventilators are key medical equipment required for the treatment of COVID-19 patients, as they have a major issue in breathing. Ventilators support breathing to the patients by delivering oxygen into the lungs and eliminate CO2 from the body. Like other countries, Indian companies shore up their efforts to increase ventilator production in the country. However, the shortage of components, including sensors, controllers, and chips has created a production challenge for ventilators in the country. 

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Due to the ban on international flight amid COVID-19, the conditions have worsened as the ventilator manufacturers are struggling to lift components from the US, Chinese, and Japanese suppliers. AgVa Healthcare said that the ban on the international flight has affected the supply of components from China. At Shenzhen China, electronic components are ready, however, they are not able to ship to AgVa Healthcare due to the flight ban. India is among the major importers of electronic components. Due to the lack of a stable policy and high cost, there is a lack of efforts to establish local semiconductor facilities over the years. Therefore, the medical device manufacturers rely heavily on foreign companies for the supply of electronic components. 

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However, the ventilator manufacturers have been finding out solutions regarding the supply of components. For instance, Skanray Technologies Pvt Ltd. plans to work with Bharat Electronics to support in sharing components. In addition, it is working with the Defense Research and Development Organization (DRDO) to meet the emergency requirement. The DRDO is expected to work with automobile manufacturers, including Tata Motors and Mahindra & Mahindra Ltd. for the fabrication of ventilator components. 

Impact of COVID-19 on India Ventilator Industry Market Segmentation

By Type

  • Portable

  • Intensive Care

Company Profile

  • A.B.Industries (Max Ventilator)

  • AgVa Healthcare

  • Bharat Electronics Ltd.

  • Bharat Heavy Electricals Ltd. (BHEL)

  • Biodesign Innovation Labs

  • Mahindra & Mahindra Ltd.

  • Maruti Suzuki India Ltd.

  • Skanray Technologies Pvt Ltd.

  • TVS Motor Co.

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Keywords: size,competitive analysis and forecast - 2019-2025

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