Malaysia Ventilator Market to Grow with Rising Geriatric Population Until 2026
Increasing instances of respiratory failures are driving the growth of Malaysia Ventilator Market in the forecast period.
According to TechSci report on, “Malaysia Ventilator Market By Equipment Type (Invasive Ventilation v/s Non-Invasive Ventilation), By Product Type (Adult/ Pediatric v/s Neonatal/ Infant), By Mobility (Standalone v/s Portable), By Mode (Volume Mode, Pressure Mode, Combined Mode), By Source (Imported v/s Domestic), By End User (Hospitals & Clinics, Emergency Medical Services, Homecare, Others), By Region, Competition Forecast & Opportunities, 2026”, Malaysia ventilator market has shown promising growth in historical years until 2020 and is expected to continue its growth in upcoming forecast years 2022 to 2026. Malaysia ventilator market owes its growth to the factors like surge in the demand for ventilators to overcome the rising number of COVID-19 patients. The viral infection attacks the respiratory system of the infected patient and blocks the airway causing blockage, pulmonary failure and even death. Increasing instances of viral infections and respiratory disorders like COPD, etc. are also some of the major drivers of the Malaysia ventilator market in the upcoming five years. Moreover, geriatric population of the country is rapidly rising. Geriatric population is more susceptible to suffer from coronavirus and other respiratory diseases along with the chronic diseases prevalent in the country, this is anticipated to support the surge in the demand of the ventilators in the market in next five years, and thereby support the growth of the market too. Furthermore, the rapidly developing medical facilities of the country is driving the growth of the Malaysia ventilator market exponentially in the next five years.
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The Malaysia ventilator market segmentation is based on equipment type, product type, mobility, mode, source, end user, regional distribution, and competitional landscape. Based on product type, the market is further segmented into adult/ pediatric and neonatal/ infant. Adult or pediatric ventilators are anticipated to hold the larger revenue shares of the market and assert their dominance over the market on the account of increasing number of patients suffering from the respiratory failure. Moreover, the rising cases of COVID patients are also expected to support the consistent growth of the market. Factors like toxic air and polluted environment also aid towards the growth of the market. Neonatal or infant ventilators may hold significant revenue shares of the market due to rising number of infants born with heart and lung disorders. The toxicity of the environment and air quality has degraded so much in the past years, and that it is now affecting the health and growth of unborn embryos and expectant mothers with genetic disorder which may transfer the diseases to their off springs, thereby surging the need of ventilators for the infants.
A partial list of market players in the Malaysia ventilator market includes, Sanichi Technology Bhd, AT Systematization Bhd, PNE PCB Bhd (PNE PCB), Philips Malaysia Sdn Bhd, GE Healthcare Sdn Bhd, Draeger Malaysia Sdn. Bhd., Daya Cergas (M) Sdn. Bhd. (Fischer & Paykel Healthcare), Star Medik Sdn Bhd, K-One Technology Bhd (KOT), among others. These market players hold larger shares of the market than the new market players. With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Technological advancement is slowly growing, and the demand for medically equipped staff and facility is also taking over the market. Malaysian healthcare industry is still developing and the scope of the establishment of a new market player along with open strategies are available in Malaysia healthcare market. New market player may establish themselves with the advancing technology. Although the number of patients suffering from COVID has rapidly increased and thus has surged the demand for ventilators to save the patients suffering from extreme case of COVID-19. The government and private healthcare facilities are setting up temporary camps for the treatments of the patients, cheaper, more viable, and portable options of ventilator to combat any future pandemic or similar epidemic has raised general concerns that can provide better opportunity for the market players,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Malaysia Ventilator Market By Equipment Type (Invasive Ventilation v/s Non-Invasive Ventilation), By Product Type (Adult/ Pediatric v/s Neonatal/ Infant), By Mobility (Standalone v/s Portable), By Mode (Volume Mode, Pressure Mode, Combined Mode), By Source (Imported v/s Domestic), By End User (Hospitals & Clinics, Emergency Medical Services, Homecare, Others), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Malaysia ventilator market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Malaysia ventilator market.
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