The Indian respiratory devices market is expected to show a rapid growth due to the increasing prevalence of respiratory disorders, such as COPD, TB, asthma, and sleep apnea, along with technological advancements and increasing applications in-home care settings.
There is a high incidence rate of respiratory diseases in India. Rapid urbanization in the developing economy and a large amount of pollution contribute to this. According to the University of Washington’s Global Burden of Disease study, 2018 COPD was the second-highest cause of death in India killing 1 million (958,000) Indians in 2017. The awareness about these diseases and healthcare facilities has increased and the government is investing in mitigating respiratory ailments. There is also a rise in the ageing population, which is susceptible to such respiratory ailments. Thus, all these factors help in driving the respiratory devices market in India.
The healthcare industry in India has grown in recent years, and with the rise in the healthcare industry, there is disproportionate reliability over imports, where more than 70% of the medical devices are imported in industry sales in India.
Key Market Trends
Spirometers is Anticipated to be the Dominant Sub-segment in the Diagnostic and Monitoring Devices Segment during the Forecast Period
The spirometer is a medical device, which is used to measure the proper functioning of the lungs, where the volume of air inhaled and exhaled from the lungs is measured after maximum inhalation by the patient. Spirometer helps in the identification of different respiratory diseases, such as bronchitis, chronic lung diseases that are obstructive, emphysema, asthma, and other breathing diseases, for screening in an occupational environment.
A spirometer is basically used to analyze the lung function before surgery and makes a prediction of the respiratory diseases.
The spirometers sub-segment has been fueled by the recent technological advancements in the field of spirometry that include the development of small portable spirometers and the increasing accuracy, acceptability, and reproducibility of assessments with immediate feedback to the technician.
Thus, the applications of spirometers in India make it easier for the patient to use this diagnostic devices especially for asthma, which is also increasingly being adopted in hospitals and home care.
Some of the established companies for respiratory devices in India include AstraZeneca, Medtronic, Philips, Resmed, and GSK. These companies present in the market are found focusing on product innovations, expansions, finding new markets, or innovating their core competency to expand their individual market share.
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