The India respiratory device market for the period 2015-2020 is expected to account for USD XX billion at a CAGR of XX% from USD XX billion on 2015. Respiratory therapy is a medical specialty focused on the treatment, management, control, diagnostic evaluation and care of patients with deficiencies of the cardiopulmonary system.
Respiratory devices help in removal of mucus from the respiratory airways and thereby improve pulmonary function. Because of the high propensity for respiratory diseases, the India respiratory device market is growing rapidly.
The increase in the number of patients suffering from Chronic Obstructive Pulmonary disease (COPD), Tuberculosis, Asthma and pneumonia, technological advancements in the making of a better device and the increase in disposable incomes are some of the key market drivers. However, the cost associated with the purchase and operation of the device and the increase in its sophistication are some major restraints for developing and economically constrained countries.
The India Respiratory Device market can be segmented based on the diagnostic and service, therapeutics and disposables. Based on diagnostic and services the market can be sub segmented based on types into spirometers, sleep test devices, peak flow meters, pulse oximeter and capnographs. Based on therapeutic devices it can be segmented as CPAP devices, BI-PAP devices, humidifiers, nebulizers, oxygen concentrators, ventilators, inhalers and resuscitators. Based on the type of disposable, the market is further segmented as masks, cannulas, tubes, filters and breathing circuit.
The increase in the demand of respiratory devices in private hospitals and clinics is an opportunity for the market to flourish. However, the lack of public awareness especially in developing countries is a key challenge for the potential market players. Some of the key market players are GE Healthcare, Resmed Inc., Chart Industries Inc., AstraZeneca PLC, Philips Healthcare, 3M, Medtronic among many others.
Key Deliverables in the Study
- Market analysis for the India Respiratory Device Market in Animal Health, with region specific assessments and competition analysis on India and regional scales.
2. Market definition along with the identification of key drivers and restraints
3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a India and regional scale.
4. Extensively researched competitive landscape section with profiles of major companies along with their market.
5. Identification and analysis of the macro and micro factors that affect the India respiratory device market on both India and regional scales
6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Key points in table of content
Review and forecast period years
General Study Assumptions
Econometric forecast models
Market Overview And Industry Trends
Current market scenario
Porters Five Force Analysis
Bargaining Power of suppliers
Bargaining power of buyers
Degree of competition
Threat of substitution
Threat of new entrants
Drivers, Restraints, Opportunities And Challenges (DROC)
Rise in the number of Chronic Obstructive Pulmonary Disease patients (COPD), TB, Asthma and Pneumonia cases
Technological advancements in the device
Increased disposable income
Cost and operational difficulty for the use of device
Increased sophistication in the usage of the device
Increase in the number of private clinics and hospitals
Lack of public awareness
Global Respiratory device Market Segmentation
Segmentation by diagnostic and Services
Sleep Test Devices
Peak Flow Meters
By therapeutic devices
Chart Industries Inc.
Analyst outlook for Investment Opportunities
Future outlook of the market
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