India Respiratory Monitoring Market to Grow with a CAGR of 7.04% through 2029
Increasing prevalence of respiratory disorders and technological
advancements in respiratory monitoring devices is expected to drive the India Respiratory
Monitoring Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “India Respiratory
Monitoring Market -Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2029”, the India Respiratory Monitoring Market stood
at USD 752.11
Million in 2023 and is anticipated to grow with a CAGR of 7.04% in the forecast
period, 2025-2029. The growth of the Respiratory Monitoring Market in India is
being driven by several key factors which include an increase in air pollution
levels, a rising prevalence of respiratory diseases like asthma and COPD
(Chronic Obstructive Pulmonary Disease), an aging population more susceptible
to respiratory conditions, advancements in technology leading to more
sophisticated monitoring devices, and a growing awareness about respiratory
health among the general population.
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India's respiratory monitoring market is emerging as a
high-growth sector in the healthcare industry, driven by the increasing
prevalence of respiratory diseases such as asthma, chronic obstructive
pulmonary disease (COPD), and sleep apnea. This growth is further amplified by
the recent pandemic, which has underscored the importance of respiratory health
and monitoring, thus accelerating demand for advanced, accessible, and reliable
respiratory monitoring devices.
An integral player in the global healthcare landscape,
India is home to a steadily aging population and a burgeoning middle class,
both of which contribute to the increasing demand for high-quality, affordable
healthcare solutions. The rising awareness about respiratory health, amplified
by the government's initiatives to improve healthcare infrastructure and
services, are key drivers of this market.
The core of the respiratory monitoring market in India
encompasses devices like spirometers, peak flow meters, and pulse oximeters.
Spirometers are used to measure lung function, while peak flow meters assess
the maximum airflow a person can exhale. Pulse oximeters measure the oxygen saturation
levels in the blood. The demand for these devices is primarily driven by the
necessity for ongoing monitoring of patients with chronic respiratory illnesses
and those recovering from COVID-19. Home monitoring devices are also gaining
traction, thanks to their convenience and the growing trend of telehealth. Furthermore,
technological advancements are shaping the landscape of India's respiratory
monitoring market. Companies are investing in research and development to
produce innovative solutions. For instance, wearable technology and
IoT-connected devices are becoming increasingly prevalent, providing real-time
monitoring and enabling early detection of potential respiratory issues. These
advancements not only enhance patient care but also improve the overall
efficiency and effectiveness of healthcare systems. Despite the promising
growth, the market faces challenges, including a lack of awareness in rural
areas and the high cost of advanced devices. However, the government's efforts
to expand healthcare access and the reduction in device costs due to local
manufacturing could help overcome these hurdles. Additionally, collaborations
between healthcare providers, technology companies, and research institutions
can foster innovation and drive further market growth.
The respiratory monitoring market in India presents a
significant growth opportunity. With the increasing prevalence of respiratory
diseases, the rising awareness about respiratory health, and the advancements
in technology, the demand for respiratory monitoring devices is expected to
continue to rise. By addressing the challenges and leveraging the
opportunities, India can play a pivotal role in shaping the future of
respiratory healthcare.
The India Respiratory Monitoring Market is segmented into
diagnostic and monitoring devices, type, end user, regional distribution, and
company.
Based on diagnostic and monitoring devices type, the
spirometer segment is projected to experience substantial growth in the Indian
respiratory monitoring devices market during the forecast period. A spirometer
is a medical device utilized for measuring lung function. It assesses the
volume of air inhaled and exhaled by a patient after maximum inhalation, aiding
in the identification of various respiratory diseases such as bronchitis,
obstructive chronic lung diseases, emphysema, asthma, and other breathing
disorders. This diagnostic tool is increasingly being employed for respiratory
disease diagnosis, as highlighted by a PubMed Central article published in August
2022, which emphasized the importance of spirometric testing in chronic
obstructive pulmonary disease (COPD) diagnosis based on the guidelines provided
by the Global Initiative for Chronic Obstructive Lung Disease. The market
segment is also propelled by initiatives undertaken by key industry players,
exemplified by Cipla Limited's launch of Spirofy, India's first
pneumotach-based portable, wireless spirometer on World Chronic Obstructive
Pulmonary Disease (COPD) Day in 2021. Furthermore, spirometers are instrumental
in assessing lung function post-treatment of pulmonary tuberculosis, as
demonstrated by a study published in the Indian Journal of Community Medicine
in March 2022, wherein spirometry was employed to evaluate lung function
impairment among tuberculosis patients in India. The increasing prevalence of
tuberculosis in the country further contributes to the anticipated growth of
this segment. Given the ease of use and expanding adoption of spirometers in
India, particularly in the context of asthma diagnosis and management, both in
healthcare facilities and home settings, the spirometer segment is poised for
significant expansion in the coming years.
Based on region, North India is currently dominating
the India Respiratory Monitoring Market, and this can be attributed to various
factors. Firstly, the region has a high prevalence of respiratory diseases,
which has created a significant demand for monitoring solutions. Additionally,
the increasing levels of air pollution in North India have further contributed
to the need for respiratory monitoring devices.
Furthermore, the densely populated urban areas in the
region have led to a higher concentration of potential customers for these
devices. The large population base, coupled with a rising middle class, has
also resulted in increased healthcare expenditure, driving the adoption of
advanced monitoring technologies in the respiratory field. Moreover, North
India boasts numerous premier healthcare facilities and research institutes,
fostering an environment conducive to substantial research and development
activities in respiratory monitoring technologies. This not only enhances the
quality of the monitoring devices but also drives innovation and continuous
improvement in this sector. Considering all these factors collectively, it is
evident that North India holds a leading position in the India Respiratory
Monitoring Market, catering to the growing demand for effective and reliable
respiratory monitoring solutions.
Major companies operating in India Respiratory
Monitoring Market are:
- Philips India Ltd
- DeVilbiss Healthcare pvt Ltd.
- Resmed India
- GlaxoSmithKline India
- India Medtronic Pvt. Ltd.
- Fisher & Paykel Healthcare India Pvt
Ltd
- Getinge Medical India Pvt. Ltd.
- Masimo Medical Technologies India Pvt
Ltd
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“The future of the respiratory monitoring market in
India is poised for significant growth, driven by factors such as increasing
prevalence of respiratory diseases, advancements in technology, and growing
awareness about respiratory health. With India's vast population and increasing
urbanisation, there is a growing demand for efficient and affordable
respiratory monitoring devices. The adoption of smart, portable devices with
features like telehealth capability is expected to further fuel the market
expansion.,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“India Respiratory
Monitoring Market By Diagnostic and Monitoring Devices (Spirometers, Sleep Test
Devices, Peak Flow Meters, Pulse Oximeters, Capnographs, Others), By Type
(Therapeutic Devices, Disposables), By End User (Home care, Hospitals,
Ambulatory Surgical Centers, Specialty Clinics), By Region, Competition,
Forecast & Opportunities, 2018-2018F”, has evaluated the future growth potential of India Respiratory
Monitoring 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 India Respiratory
Monitoring Market.
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