The current global health crisis doesn’t need any introduction and is one of the biggest ever witnessed by mankind. With more and more infected cases getting registered amid COVID’19, providing adequate medical facilities have become a challenge even for the nations with the best healthcare infrastructure. In such a scenario one of the critically required resource in many hospitals across the globe is “Ventilator” which is already constrained, with India being no different. Amidst this outbreak the demand for ventilators in the country is bound to shot up not only to support the current situation but as a preparedness for future too. This is where the domestic manufacturing comes in picture. The government of India has already initiated steps in this direction and has asked the auto giants in the country to utilize their manufacturing facilities to produce ventilators. Majors such as Mahindra & Mahindra, Tata Motors, Maruti Suzuki and Hyundai are most likely to be the flag bearers of this initiative. As per the industry estimation India will need an approximate of 1.5 to 2 lakhs of ventilators by May 2020. In such a war footing scenario eninrac’s research study on “Ventilator Market in India and Outlook till 2025” can be a path finder and assist in country’s biggest need of current time.
Business Case for Ventilator Market in India
- The GoI has informed the manufacturers that the Andhra Pradesh MedTech Zone will provide financial assistance to the tune of INR 40 crore for large-scale manufacturing of ventilators
- AIMED has contacted seven of the nine major manufacturers, who have confirmed that the current production capacity is 5,500-5,750 pieces per month
- Indian government eases out the licensing and on other regulatory aspects for manufacturing ventilators in the country
- GoI reached to auto giants – Tata Motors, M&M, Hyundai and Maruti Suzuki to start production of ventilators in the country
- As per the industry estimated if the number of COVID’19 cases swirl in India, it may need as many as 110,000-220,000 ventilators as early as mid-May 2020