India Respiratory Monitoring Market to Witness Robust Growth until 2025
Increasing prevalence of respiratory disorders, such as tuberculosis
and asthma in the country, among others, to drive India respiratory monitoring market
According
to TechSci Research report, “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, Forecast & Opportunities, 2025”, India respiratory monitoring
market is expected to grow at an impressive rate during the forecast period. Major
factors behind the growth of respiratory monitoring market include technological
advancements and increasing application of respiratory monitoring devices in
the homecare setting. India is home to a large number of patients suffering
from respiratory diseases like COPD, TB, Asthma, and Sleep Apnea. Moreover, growing
awareness among people towards health and wellness is further anticipated to
fuel the growth of respiratory monitoring market in India. Additionally, increasing pollution added by rapid
urbanization contributes to various forms of breathing problem among the people.
Hence, India serves as a big market for respiratory monitoring devices
companies. There is also a significant rise in the geriatric population,
which is susceptible to respiratory ailments. Hence, all these factors are
anticipated to drive respiratory monitoring market in India. However, the respiratory
monitoring market in India might also face some limitations. The high cost of
respiratory monitoring equipment might prove as a barrier to the growth of this
market in a developing country like India.
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India
respiratory monitoring market is segmented based on diagnostic and monitoring
devices, type, end user and by region. Based on diagnostic and monitoring
devices, the respiratory monitoring market is segmented into spirometers, sleep
test devices, peak flow meters, pulse oximeters, capnographs and others. In
2019, Spirometers held the dominant share in India respiratory monitoring
market as they help in the diagnosing the respiratory diseases, such as asthma,
emphysema, bronchitis, and COPD. As India has a large population suffering from
these diseases, spirometers are also further expected to hold their dominance in
the market. They are also used to assess the
shortness of breath, lung function before surgery, and the effect of
medication. Adding to this, recent technological advancements have led to
further growth of spirometers. Based on end user, India respiratory monitoring
market has been segmented into home care, hospitals, ambulatory surgical
centers and specialty clinics. The home care segment is evolving as the fastest
growing segment in the market due to the availability of convenient respiratory
monitoring devices like peak flow meters. Additionally, they are easy to
handle, easy to carry, and remotely accessible and hence patients now prefer to
avoid going to clinics and other healthcare centers.
Major players operating in the India respiratory
monitoring market include Philips Healthcare, DeVilbiss
Healthcare LLC, Resmed, Inc., GlaxoSmithKline PLC, Medtronic PLC, Fisher and
Paykel Healthcare Co., Ltd., Getinge AB, Masimo Corporation, Air Liquide, Drägerwerk
AG & Co. KGaA, Invacare Corporation, Chart Industries, Inc., Vyaire Medical
and GE Healthcare. The market players are focusing on product innovations,
expansions, finding and innovating their core competencies to expand their market
share in India.
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“India serves as a promising market for respiratory
monitoring companies as it is second largest populated country in the world and
home to a large number of people suffering from respiratory and other breathing
problems. Additionally, with growing awareness among people towards importance
of keeping oneself fit, there is a rising demand for respiratory monitoring
devices in the country. The current trend shows that the market is evolving at
a much faster pace and is being fueled by technological innovations and
advancements.,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global 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, Forecast & Opportunities, 2025” 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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