India Sleep Apnea Devices Market to Grow at a CAGR of 8.47% During the Forecast Period

 Increasing prevalence of obesity and hypertension among the Indian population is driving the growth in India sleep apnea devices market in the forecast period, 2022-2027.

According to TechSci Research report, India Sleep Apnea Devices Market - Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the India sleep apnea devices market stood at USD120.81 million in 2021 and is expected to grow at a CAGR of 8.47% during the forecast period on account of growing prevalence of obesity and hypertension among the population.

The growing demand for different sleep apnea devices market from various end users such as homecare, hospitals & clinics, sleep therapy centers, among others is expected to support the market growth through 2027. Additionally, increasing awareness pertaining to sleep apnea has significantly increased the demand for different types of sleep apnea devices such as CPAP, APAP and BiPAP.

The growing technological advancements across the sleep apnea devices have made them aesthetically appealing. Thereby, increasing the demand of India sleep apnea devices market. Apart from that, portable sleep apnea devices are also available in the market and these devices are also available on rent which further increases the demand of India sleep apnea devices market.

However, the high cost of sleep apnea devices leads to affordability constraints, especially in rural parts of the country. Also, poor reimbursement scenario related to sleep apnea devices across different regions of the country is further expected to hamper the market growth.

Besides, stringent regulatory landscape with reference to sleep apnea devices related to their approval, marketing, etc. in India is expected to significantly slow down the market growth. Furthermore, growing number of product recalls is further expected to restrict the market growth through 2027.

Also lack of awareness pertaining to sleep apnea and its treatment among the population, especially in the rural areas of the country, is expected to hamper the market growth during the forecast period.

 

 

Browse over 20 market data Figures and 01 market data Tables spread through 88 Pages and an in-depth TOC on "India Sleep Apnea Devices Market"

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The India sleep apnea devices market is segmented based on type, indication type, end user, company, and regional distribution. In terms of type, the market can be divided into Therapeutic Devices and Diagnostic Devices. The therapeutic devices segment dominated the market in 2021 with a share of around 61.01% due to lack of awareness of diagnostic methods for the sleep apnea disorder.

Moreover, diagnostic devices are more expensive than the therapeutic devices. In terms of indication type, the market can be categorized into Obstructive Sleep Apnea and Central Sleep Apnea. Obstructive Sleep Apnea dominates the market in 2021 due to increase cases of OSA in India.

According to the Wiley Online Library, India is among the five countries with the highest Obstructive sleep apnea (OSA) prevalence, estimated to be about 29 million, which is about 5.4% of the total Indian population in 2020.

In terms of end user, the market is divided into Hospitals & Clinics and Homecare. Hospitals & Clinics dominates the market and expected to grow during forecasted years as Indian population mainly prefer Hospitals & Clinics for the treatment of sleep apnea disorder.

Key market players in the India Sleep Apnea Devices Market include:

  • ResMed India Pvt. Ltd
  • BPL Medical Technologies Pvt. Ltd.
  • BMC Medical Co. Ltd.
  • Philips India Limited
  • DeVilbiss Healthcare Private Limited
  • Fisher & Paykel Healthcare India Private Ltd
  • Nihon Kohden India Pvt. Ltd.
  • Teleflex Medical Private Limited
  • Omnisleep Solutions
  • Wipro GE Healthcare Pvt Ltd.

India sleep apnea devices market is consolidated with a lot of well-established players having presence in different regions of the country with domestic players possessing leadership in certain regions of the country. ResMed India Pvt. Ltd holds the highest market share and is among the top five market players.

BPL Medical Technologies Pvt ranks second in terms of market share in the overall India Sleep Apnea Devices Market. This can be ascribed to the higher brand awareness of the company in terms of being the sleep apnea device manufacturer and provider across the country along with easy availability of the companies products through the network of distributors/suppliers across different regions in the country.

The other players operating in the market include BMC Medical Co. Ltd., Philips India Limited, DeVilbiss Healthcare Private Limited, Fisher & Paykel Healthcare India Private Ltd, Nihon Kohden India Pvt. Ltd., Teleflex Medical Private Limited, Omnisleep Solutions, Wipro GE Healthcare Pvt Ltd, and among others, holding a significant position in the India Sleep Apnea Devices Market.

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“The West region of the country will register the fastest CAGR during the forecast period. This can be attributed to the growing sleep apnea disorder cases in the region. Additionally, supportive government policies and healthcare schemes launched in the western region is expected to support the market growth. For instance, the study revealed that the prevalence of OSA by AHI criteria has been observed to be higher in the western regions as compared to the other parts of the country.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Sleep Apnea Devices Market - Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Type (Therapeutic Devices and Diagnostic Devices), By Indication Type (Obstructive Sleep Apnea v/s Central Sleep Apnea), By End User (Hospitals & Clinics and Homecare), By Region”, has evaluated the future growth potential of 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 devices market.

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  • Marco Brown
    published this page in Submit Content 2022-11-20 23:01:01 -0800

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