Nebulizers refer to a variety of electricity- or battery-powered instruments that convert liquid drugs in the form of mist or aerosol so that the medication can be easily transferred to lungs when inhaled through a face mask or a mouthpiece. The market for nebulizers in India has seen a significant upsurge in the past years owing to the rising prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and cystic fibrosis. The rising geriatric population has also led to a substantial rise in the demand for nebulizers in the India nebulizers market as aged people are more prone to developing respiratory diseases.
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A recent market research report published by Transparency Market Research covering the India market for nebulizers states that the market will exhibit a massive 25.8% CAGR from 2015 through 2023. The report projects that with growth rate this high, the market will rise from a valuation of INR 575.6 million in 2014 to INR 4,703.4 million by 2023.
Rise in Environmental Pollution Emerges as a Major Driver of Nebulizers Market in India
Apart from the factors mentioned above, the rising air and environmental pollution in general have surfaced as the major causative agents behind the alarming rise in cases of respiratory diseases in the country, and thus can be called a major driver of the India nebulizer market as well.
Some studies have outlined the effects of rise of environmental pollution on the respiratory health of country’s population’s. One of these is the National Health Profile of the country of 2015. According to the study, nearly 3.5million cases of acute respiratory infection (API) were reported in the country in 2014. This meant a 30% rise in the number of these cases since 2010. According to the findings of the World Health Organization (WHO), New Delhi, the country’s capital, was the world’s most polluted city in 2014. This has led to a majority of the city’s population developing some form of respiratory diseases. Moreover, the West Bengal Department of Environment has notified that 70% of the state’s capital Kolkata suffers from some respiratory diseases owing to the vast increase in environmental pollution.
Cost-effective Pneumatic Nebulizers Earn Leading Spot
Pneumatic nebulizers make the leading product segment in the India nebulizer market, accounting for a massive share of 68% in the overall market. The cost-effectiveness and high level of usability offered by pneumatic nebulizers along with their suitability to all types of medications are the major factors for such high demand for these product variety in the Indian market.
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The product variety of ultrasonic nebulizers is considered more effective and efficient than pneumatic nebulizers. It carries the benefits of faster drug delivery and less drug loss. The rising consumer awareness regarding these benefits of ultrasonic nebulizers has led to their increased demand in the past few years. However, the high costs of these products, as well as some technical limitations such as drug inactivation due to high ultrasonic waves created by the equipment, are hindering the widespread adoption of ultrasonic nebulizers in the Indian market.