India Sleep Apnea Devices Market to Establish Impressive CAGR Until FY2027
Technological advancements in the medical device
industry are driving the growth if India Sleep Apnea Devices Market,
FY2017-FY2027.
According to TechSci report on, “India Sleep
Apnea Devices Market
By
Type (Therapeutic {Positive Airway Pressure Devices, Facial Interfaces, Oral
Appliances, Adaptive Servo-Ventilators, Others} v/s Diagnostic {Polysomnography
Devices, Home Sleep Testing Devices, Sleep Screening Devices, Oximeters, Others})
By End User (Hospitals & Clinics, Homecare, Others) By Region, Competition
Forecast & Opportunities, FY2027”, India
sleep apnea devices market is projected to show a robust growth
on the account of increasing instances of sleep apnea among the geriatric
population, in the forecast period, FY2023-FY2027. The market is booming due to
increase in the patient suffering from breathing disorder and awareness about
the harmful effects of the untreated breathing disorders. To avoid any further
complications and adverse effects, consumers are actively looking for the
healthcare facilities that can provide early diagnosis and treatment. Moreover,
home care arrangements for the outpatient or the mildly affected patient is
developing rapidly. Instead of spending long duration in the hospitals &
clinics, the patients are more inclined toward, availing the after care and
outpatient services at their own home, in the own comfort. These factors are
major drivers of the growth of the India sleep apnea devices market. Moreover,
government aid and investments by the market giants is expected to further extend
the market shares in the future five years.
Sleep apnea is a condition
where patients suffer from breathing disorder that is active during sleep. In a
potentially dangerous situation, the patient breathing starts and stops
repeatedly in an irregular fashion repeatedly. The disease is most common in
obese men. The devices used to control the breathing of the patients during sleep
hours are termed as sleep apnea devices. Worsening hypertension, arrhythmias,
stroke, and myocardial infarction are some of the complications that may arise
due to worse cases of sleep apnea. Majority of cases remain untapped due to
symptoms being acceptable and not conceived as a dangerous sign, these symptoms
are snoring and day-time sleeping which is common in the country.
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Apnea Devices Market"
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India sleep apnea devices
market is segmented by type, end user, regional distribution, and competitional
landscape. Based on type, the market is further bifurcated into therapeutics
and diagnostics. Diagnostic devices are the efficient for the early and
efficient catching of the diseases. These devices include polysomnography
devices, home sleep testing devices, sleep screening devices, oximeters, and others.
Polysomnography is anticipated to lead the market segment in the forecast years
on the backbone of increasing prevalence of the disease as well as its
advantage of efficient diagnosis among all other devices. Therapeutics devices
include positive airway pressure devices, facial interfaces, oral appliances,
adaptive servo-ventilators, and others. Positive airway pressure devices are
pumping medical devices that pressurizes the air into lungs which effectively
prevents the airway collapse episodes. Surge in the demand of efficient,
portable, and superior sleep apnea therapeutic/ treatment devices is enhancing
the growth of the India sleep apnea devices market in the forecast years.
Holding major shares of the
market, some of the top players in the market are, ResMed India Pvt. Ltd., Philips
Healthcare India, Fisher & Paykel Healthcare India Private Ltd, Nihon
Kohden India Pvt. Ltd., Invacare Corporation India, Omnisleep Solutions, Devilbiss
Healthcare Private Limited, Oventus Medical Ltd., Wipro GE Healthcare Pvt. Ltd.,
Teleflex Medical Private Limited, among others. Market players are highly
invested in the research and development of the technologically advanced
medical devices. Moreover, the surge in demand has driven the industry to
provide for the devices that are cost-effective, feasible, easily movable etc.
to achieve all the features, market players have come up with variant products
that are in turn driving the market growth in the future five years.
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“With the urbanization
70% of the India’s population is now in touch with the urban population with
ease. This has enhanced the chances of rural population adopting lifestyle
changes like smoking, drinking, and other drawback of pollution causing
diseases is increasing the patients suffering from sleep apnea and other
breathing diseases. Moreover, rising disposable income among the population is
anticipated to impact the growth of the market positively,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Sleep Apnea
Devices Market By Type (Therapeutic {Positive Airway Pressure Devices, Facial
Interfaces, Oral Appliances, Adaptive Servo-Ventilators, Others} v/s Diagnostic
{Polysomnography Devices, Home Sleep Testing Devices, Sleep Screening Devices,
Oximeters, Others}) By End User (Hospitals & Clinics, Homecare, Others) By
Region, Competition Forecast & Opportunities, FY2027” has evaluated the
future growth potential of India Sleep Apnea Devices 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 Sleep Apnea Devices market.
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