Indian ventilator industry
The shortage of ventilators has been reported in India due to the surging cases of COVID-19 in the country. As per the Worldometer, on 27th April 2020, the number of new incidences of coronavirus was 1,561 and 58 mortalities. The rising number of cases has created a burden on India’s healthcare system to meet the demand for essential medical equipment, including ventilators. The country’s ventilator manufacturers have significantly relied on foreign countries for ventilator components. However, disruption in the supply chain has encouraged the companies to focus on domestic manufacturing capabilities to curtail the shortage of ventilators. For instance, the government entities, including the Defense Research and Development Organization (DRDO) and Bharat Electronics Ltd., are working with the Indian ventilator manufacturers and automobile companies to meet the essential need for components in the production of ventilators. As reported, the Indian Health Ministry ordered Bharat Heavy Electrical Electricals Ltd. (BHEL) to supply 30,000 and a public sector unit (PSU) would produce 10,000 ventilators by June 2020. The OMR report titled “Impact of COVID-19 on India Ventilator Industry” has provided the pre and post COVID-19 industry size along with the analysis of segments. Multiple authentic sources are used to properly estimate the effect of the outbreak on India ventilator industry and values are derived accordingly.
Focus on making available low-cost ventilators in the country
The largest prototyping center in Telangana, India, T Works has been working to design and develop a low-cost portable ventilator coupled with the hardware community in Hyderabad to meet the shortage of ventilators. Additionally, Indian Institute of Technology (IIT) Kanpur is also working on the development of low-cost portable options to ventilators, which is expected to be available at nearly $900 per unit due to the components outsourcing from India only. These kinds of initiatives may likely support to combat the coronavirus crisis in the country.
OMR Global Recently Published Report on:https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-india-ventilator-industry
The Report Covers
- Comprehensive research methodology of the pre and post-COVID-19 impact on India ventilator industry.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the COVID-19 impact on India ventilator industry.
- Insights about market determinants that are stimulating the COVID-19 impact on India ventilator industry.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Segmentation
By Type
- Portable
- Intensive Care
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