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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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 Device market.
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