Report Overview

The rising prevalence of respiratory diseases, increasing air pollution, and growing geriatric population are expected to drive the India Respiratory Care Devices Market during the forecast period between 2024 and 2030.

India Respiratory Care Devices Market – Industry Trends & Forecast Report, 2030

The India Respiratory Care Devices Market size was estimated at USD 1.87 billion in 2023. During the forecast period between 2024 and 2030, the India Respiratory Care Devices Market size is projected to grow at a CAGR of 7.12% reaching a value of USD 3.03 billion by 2030. A prominent driver of the India Respiratory Care Devices Market is the increasing importance of respiratory health nationwide. The prevalence of respiratory ailments like asthma, COPD, and sleep apnea is surging, propelled by environmental pollutants, prevalent smoking habits, and evolving lifestyles. Concurrently, the nation's expanding populace, particularly its elderly demographic, is propelling demand for state-of-the-art respiratory interventions. The exigencies of the COVID-19 crisis have further underscored the imperative for respiratory support, precipitating a notable upswing in the requisition for ventilators and oxygen concentrators. Augmenting this trajectory are governmental endeavors aimed at fortifying healthcare infrastructure and amplifying public health advocacy, alongside concerted campaigns to curtail tobacco consumption and environmental degradation. These efforts, coupled with the relentless march of technological progress rendering respiratory care devices more efficacious, user-friendly, and accessible, augur a promising trajectory for the market. Collectively, these dynamics underscore the escalating significance of respiratory well-being in India and the burgeoning demand for pioneering, dependable respiratory care solutions.

Respiratory Care Devices – Overview

Respiratory care devices are medical devices designed to assist patients in breathing or to treat respiratory conditions. These devices encompass a wide range of equipment used to support respiratory function, including ventilators, oxygen concentrators, nebulizers, continuous positive airway pressure (CPAP) machines, bi-level positive airway pressure (BiPAP) machines, and various types of inhalers. Respiratory care devices are commonly used in hospitals, clinics, and home healthcare settings to manage conditions such as asthma, chronic obstructive pulmonary disease (COPD), sleep apnea, and respiratory failure. They work by delivering oxygen or medication to the lungs, assisting with breathing, or maintaining airway patency.

India Respiratory Care Devices Market

Growth Drivers

Increasing Air Pollution Causing Respiratory Illnesses

As air pollution levels continue to rise unabated, the India Respiratory Care Devices Market witnesses a commensurate surge in demand. With statistics indicating alarming rates of pollution-induced respiratory ailments, such as COPD, the market experiences a significant upswing. Notably, ambient air pollution, household pollution, and smoking collectively contribute to approximately 33.6% of COPD cases, driving the imperative for advanced respiratory care solutions. This confluence of factors underscores the pivotal role of the market in addressing the escalating public health challenges posed by air pollution-induced respiratory illnesses, fueling its growth trajectory.

Rising Prevalence of Respiratory Diseases

The burgeoning prevalence of respiratory diseases in India propels a notable expansion in the India Respiratory Care Devices Market. Statistics reveal a stark reality: while India constitutes merely 18% of the global population, it bears a disproportionate burden of 32% of the worldwide respiratory disease cases. Notably, chronic respiratory illnesses, responsible for 10.9% of total deaths in 2016, continue to escalate, accentuating the demand for advanced respiratory care devices. This trend underscores the pivotal role of the market in addressing the escalating healthcare needs of individuals afflicted by respiratory disorders, thus driving its growth trajectory.

Challenges

High Cost of Devices

The India Respiratory Care Devices Market faces a significant challenge in its growth trajectory due to the high cost of devices. Affordability remains a key concern for a substantial portion of the population, hindering their access to essential respiratory care equipment. This barrier limits the market's potential expansion, particularly among lower-income segments where demand for such devices may be high. Addressing the issue of cost accessibility is imperative to unlock the market's full growth potential and ensure equitable access to respiratory care solutions across diverse socioeconomic strata.

Impact of Escalating Geopolitical Tensions on India Respiratory Care Devices Market

Geopolitical tensions can have a multifaceted impact on the India Respiratory Care Devices Market. Heightened uncertainties and geopolitical instability can disrupt supply chains, leading to potential shortages of critical components and materials required for manufacturing respiratory care devices. Additionally, fluctuating currency exchange rates and trade restrictions may impact import/export dynamics, influencing pricing and availability of devices. Moreover, geopolitical tensions can dampen investor confidence, affecting investment decisions and market growth prospects. Amidst these challenges, robust risk mitigation strategies, diversification of supply sources, and adaptive market strategies are essential to navigate the complexities and sustain growth in the India Respiratory Care Devices Market.

India Respiratory Care Devices Market

Segmental Coverage

India Respiratory Care Devices Market – By Product

By product, the India Respiratory Care Devices Market is divided into Diagnostic & Monitoring Devices, Therapeutic Devices, and Disposables segments. The diagnostic & monitoring devices segment holds the highest share in the India Respiratory Care Devices Market by product. Diagnostic devices play a pivotal role in promptly identifying and continuously monitoring respiratory ailments, crucial for effective treatment. Consequently, there's a rising demand for these devices within India's healthcare system. Conditions like asthma, COPD, and sleep apnea are prevalent, prompting healthcare providers to utilize tools like spirometers and pulse oximeters to evaluate lung function and oxygen levels. Increased awareness among both the public and healthcare practitioners regarding the significance of early detection and monitoring drives device adoption. Government initiatives stress early diagnosis, often supplying diagnostic tools to healthcare facilities. Specialized clinics and pulmonologists further bolster demand, relying on accurate diagnostics for effective respiratory care. Also, the diagnostic and monitoring devices include Spirometers, Sleep Test Devices, Peak Flow Meters, Pulse Oximeters, and Capnographs.

India Respiratory Care Devices Market – By Disease Indication

Based on disease indication, the India Respiratory Care Devices Market is divided into Chronic Obstructive Pulmonary Disease (COPD), Sleep Apnea, Asthma, and Infectious Diseases segments. The asthma segment holds the highest share in the India Respiratory Care Devices Market by disease indication. A prevalent chronic respiratory ailment in India, asthma affects many due to pollution, allergens, and genetics. This drives demand for respiratory care devices tailored for asthma management. Urban areas, rife with pollution from industrialization and vehicles, exacerbate asthma, necessitating device use for symptom control. Increasing awareness prompts more asthmatics to seek medical help and employ respiratory devices like inhalers and nebulizers. Widely accessible and endorsed by healthcare providers, these devices offer convenience and efficacy. Government and healthcare initiatives emphasize early detection and treatment, advocating for respiratory care devices in asthma management.

India Respiratory Care Devices Market – By End User

Based on end user, the India Respiratory Care Devices Market is divided into Hospitals, Home Care Settings, and Ambulatory Care Centers (ACCs) segments. The hospitals segment holds the highest share in the India Respiratory Care Devices Market by end user. Indian hospitals and clinics boast sophisticated medical infrastructure, including specialized respiratory care units and ICUs. They cater to diverse respiratory conditions, necessitating a wide array of respiratory care devices like ventilators and nebulizers. These facilities play a pivotal role in diagnosing and treating respiratory ailments, particularly critical cases like ARDS. Staffed with expert pulmonologists and respiratory therapists, hospitals ensure adept management of respiratory devices, crucial for patient care. From asthma management to mechanical ventilation, hospitals address various respiratory needs, reflecting their pivotal role in providing comprehensive respiratory care. Their expertise and comprehensive device inventory cater to the diverse respiratory needs of patients across India.

India Respiratory Care Devices Market – By Region

Geographically, the India Respiratory Care Devices Market is divided into North India, South India, East India, and West India regions. North India holds the highest share in the India Respiratory Care Devices Market and is expected to maintain its dominance during the forecast period. Elevated population density correlates with increased respiratory disease prevalence, attributed to factors such as pollution and crowded living spaces. Consequently, the demand for respiratory care devices surges. Western India, boasting superior healthcare infrastructure, harbors renowned hospitals and medical facilities equipped with advanced respiratory care technology, thus witnessing heightened device utilization and market presence. The region houses esteemed government and private medical institutions with substantial resource allocation towards medical equipment, including respiratory devices. Furthermore, the concentration of medical colleges and research centers fosters awareness and adoption of cutting-edge medical technologies, including respiratory care devices, amplifying their utilization and significance in the region's healthcare landscape.

Competitive Landscape

Major players operating in India Respiratory Care Devices Market include Devilbiss-AMS Healthcare, Fisher & Paykel Healthcare Ltd, GE Healthcare, Koninklijke Philips NV (Philips), Medtronic PLC, ResMed Inc., Hamilton Medical, Cipla Inc., Trivitron Healthcare, AgVa Healthcare, Air Liquide Medical Systems India, and A.B. Industries. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In December 2023 - AstraZeneca secured CDSCO approval for its triple combination inhalation aerosol, a breakthrough in COPD treatment. This innovative therapy promises improved outcomes by reducing exacerbations and mortality rates.

• In August 2023 – Glenmark Pharmaceuticals Limited (Glenmark) collaborated with OMRON Healthcare India to launch the "Take Charge @18" initiative to raise awareness about home blood pressure monitoring from the age of 18. Glenmark and OMRON Healthcare India will include an educational inlay card with every OMRON Blood Pressure monitor sold in India. The card stresses the importance of commencing blood pressure screening at 18. The objective is to encourage individuals who receive the card, including patients and caregivers, to educate at least four family members aged 18 or above about the significance of monitoring blood pressure for overall health.

Scope of the Report

By Product

• By Diagnostic and Monitoring Devices

• By Therapeutic Devices

• By Disposables

By Disease Indication

• Chronic Obstructive Pulmonary Disease (COPD)

• Sleep Apnea, Asthma

• Infectious Diseases

By End User

• Hospitals

• Home Care Settings

• Ambulatory Care Centers (ACCs)

By Region

• North India

• South India

• East India

• West India