COPD Segment to Dominate the India Respiratory Inhalers Market by FY2027
Rising geriatric population
and increasing pollution levels are expected to drive the demand for India respiratory
inhalers market for the forecast period.
According to TechSci Research report, “India
Respiratory Inhalers Market By Product Type (Dry Powder Inhaler, Metered
Dose Inhaler, Others), By Technology (Manually Operated Inhalers v/s Digitally
Operated Inhalers), By Disease Indication (COPD, Asthma, Pulmonary Atrial
Hypertension, Others), By Distribution Channel (Online v/s Offline), By End
User (Hospitals & Clinics, Homecare, Others), By Company, By Region,
Forecast & Opportunities, FY2027”, India Respiratory Inhalers market is
expected to witness steady growth for the next five years. Increasing
incidences of respiratory diseases is a major disorder and need effective
treatment. Asthma, COPD, and pulmonary diseases are the most common respiratory
related diseases. To cure the prevailing respiratory diseases, the need for
respiratory inhalers is on rise. Inhalers’ major advantage is that the drug
directly travels into the respiratory system thereby is very effective in
nature. They are majorly available as soft mist inhalers and breathing actuated
inhalers. Each inhaler consists of metered dosage. Due to benefits and rising
demand for inhalers, government is supporting the production of respiratory
inhalers. Rise in initiatives by government authorities to provide affordable
and accessible medication is driving the marker demand. Respiratory inhalers
are provided at reasonable rates to patients. High-end investments by
manufacturers to increase the product efficiency and increase the product
awareness is increasing the product demand in the region. Increasing preference
towards adoption of smoking and drinking habits due to increased expenditure
capacity and to cope up with high-level of stress affects the respiratory
system adversely and gives rise to a number of pulmonary diseases.
Due to the ongoing pandemic COVID-19, lockdown was
imposed all over the country. Complete shutdown was observed, and people
started practicing social distancing and avoided going out to avail healthcare
facilities. Demand for respiratory inhalers, especially allergy and asthma
curing respiratory inhalers is increasing at a rapid pace. Health professionals
are advising patients to stay indoors as a precautionary measure. Consumers are
preferring home medications which is accelerating the demand for respiratory
inhalers. Rising awareness regarding respiratory diseases and increasing
production of respiratory inhalers is expected to fuel the growth of the market
till the forecast period. However, lack of knowledge about the usage of
respiratory inhalers may hamper the market growth during the forecast period.
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Based
on technology, market is further bifurcated into manually operated inhalers and
digitally operated inhalers. Manually operated inhalers are dominating the
respiratory inhalers market for the forecast period as digital technology is
still at developing stage. Primary aim for respiratory inhalers is to
effectively deliver the drug for effective treatment of respiratory related
illnesses. Advancements in technology to optimize the performance of
respiratory illness such as increasing the precision of drug dosage, quick
action of inhalers and systematic absorption inside the body is expected to
boost the demand for respiratory inhalers. Based on disease indication, market
is majorly divided into COPD, asthma, pulmonary atrial hypertension, and others.
COPD segment is accounted to major market share in the predicted period due to
high prevalence of disease in the region and the increasing deaths occurred due
to people suffering from COPD. Increasing demand for effective treatment is
aiding to high market growth. Government initiatives to promote quality
healthcare services to patients and reimbursement plans is contributing to
increasing demand for respiratory inhalers in the region.
Philips
India Limited, Cipla Limited, Teva API India Limited, Astra Zeneca Pharma India
Limited, GlaxoSmithKline Pharmaceuticals Ltd, Omron Healthcare India Pvt. Ltd.,
Novartis India Ltd., 3M India ltd, Glenmark Pharmaceuticals Limited, Merck
India are the leading players operating in the India respiratory inhalers
market. Manufacturers are increasingly focusing on research and development
process to fuel higher growth in the market. To meet evolving customer demand
with respect to better efficiency and durability, several respiratory inhalers manufacturers
are coming up with their technologically advanced offerings.
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“Adoption
of latest technologies by inhalers manufacturing companies in form of smart
inhalers which uses Bluetooth technology to gather the required information and
remind patients to take medication at proper time. Smart inhalers are
integrated with sensors and alerts when a patient enters a highly polluted or
high pollen area. Smart inhalers can be digitally connected to laptops or smart
devices and other benefits is expected to propel the demand for respiratory
inhalers throughout the forecast period” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“India
Respiratory Inhalers Market By Product Type (Dry Powder Inhaler, Metered Dose
Inhaler, Others), By Technology (Manually Operated Inhalers v/s Digitally
Operated Inhalers), By Disease Indication (COPD, Asthma, Pulmonary Atrial
Hypertension, Others), By Distribution Channel (Online v/s Offline), By End
User (Hospitals & Clinics, Homecare, Others), By Company, By Region,
Forecast & Opportunities, FY2027” has evaluated the future growth potential of India respiratory
inhalers market and provided statistics & information on market size, shares,
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 the India respiratory
inhalers market.
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