Due to rising levels of pollution, respiratory disorders are on the rise in India. This has bolstered the demand for nebulizers significantly in the said country. Soaring rate of growth in the incidences of chronic obstructive pulmonary diseases, cystic fibrosis, and asthma is forecasted to impact the adoption of nebulizers amongst many of the Indian citizens in the years to come. With the rising number of market participants, the Indian nebulizers market is witnessing an intense competition thereby making the market highly fragmented.
A few of the important market participants in the said market are DeVilbiss Healthcare LLC, Becton Dickinson & Company, Omron Healthcare, Bhasin Sons Private Ltd., Respirotech Med Solutions Pvt Ltd., Philips Healthcare, PARI Respiratory Equipment Inc., CareFusion, Medicare Equipment (India) Pvt. Ltd., and Agilent Technologies.The nebulizers market in India is forecasted to expand at a robust CAGR of 25.80% over the period of forecast from 2015 to 2023.
North India to Remain at the Forefront over the Period of Forecast
The Indian market for nebulizers has been researched on the basis of its performance in the north zone, south zone, west zone, east zone, and central zone. In the year 2014, north zone has emerged as the clear market leader with a whopping market share of 35.10%.
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Nebulizers are also experiencing a high demand in the eastern part of India. In accordance with the department of environment in West Bengal, around 70% of the people in Kolkata are affected with one form or the other of respiratory conditions, due to immense environmental pollution. As the levels of pollution continue to rise, the prevalence of various respiratory diseases in this zone is anticipated to experience a substantial increase in the near future thereby boosting the demand for nebulizers.