Thanks to growing pollution levels, the incidence of respiratory disorders is on the rise in India. This has fueled the demand for nebulizers remarkably in the country. In 2014, the India nebulizers market stood at INR575.6 mn. The dramatic growth in the cases of asthma, cystic fibrosis, and chronic obstructive pulmonary diseases is anticipated to boost the adoption of nebulizers among Indian citizens in the coming years. According to experts, the demand for these instruments will rise at a CAGR of 25.80% between 2015 and 2023 and reach an opportunity of INR4,703.4 mn by the end of 2023.
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Rising Number of Lung Disorders Propel India Nebulizers Market
A recent research by the World Health Organization (WHO) has disclosed that deaths because of lung disorders in India are on a high rise. Nearly 142 deaths in every 100,000 deaths are due to some or the other form of lung disorders. This has made India rank first in the world in terms of deaths due to lung diseases.
The growing prevalence acute respiratory diseases that lead to asthma, chronic pulmonary diseases, and cystic fibroses has chiefly driven the India nebulizers market. Nebulizers are very effective in treating these above-mentioned conditions and thus, growth in these medical conditions have effectively led to the development of the nebulizers market. Nebulizers involve inhaling a liquid medication that is converted into breathable aerosol which can readily reach the lungs and treat the infection. Such ease in treatment has also driven the overall development of the India nebulizers market.
Another factor responsible for the growth in India nebulizers market is the severe increase in pollution across the country. Different types of pollutions such as vehicular pollution and air pollution coupled with increasing population has led to widespread increase in acute respiratory diseases. This in turn has resulted into rise in demand for nebulizers across the nation.
High Cost of Machinery and Medicines Impede Market Growth
However, lack of awareness among the consumers about using quality products is one of the major restraining factors in the overall growth of the Indian nebulizers market. Moreover, with majority population cannot afford the high machinery and medication prices associated with nebulizers. This has also led to slowing down the growth of the nebulizers market in India.