Rising number of sleep labs coupled with increasing sleep apnea patients expected to drive the future of the industry
India has witnessed increasing number of patients who are suffering from sleep apnea disorder, over the last few years. Especially in urban areas of the country, increasing incidence of sleep apnea amongst people has given huge potential to the establishments of sleep labs in the country. In light of the rising sleep deprived inhabitants in India, leading companies in this field have been aggressively adapting to various marketing techniques, new technological innovations in order to gain major share of sleep diagnostic and therapy market.
Over the last few years, it has been observed that people suffering from Type II diabetes find difficulties in proper sleep due to which incidences of subsequent ailments such as heart problems occur. The rising urban lifestyle and irregular dietary patterns of Indians are few of the other major reasons behind increasing rate of sleep disorders among people in the country. The increasing awareness about severe diseases such as hypertension, stroke and other cardiovascular problems has also encouraged the Indian population to undergo sleep apnea diagnosis tests and therapy, which in turn has impelled the sleep apnea diagnostics and therapy market value over the last few years.
In sleep apnea therapy market, equipments such as CPAP, APAP, BiPAP devices are used to cure sleep disorders. CPAP device is the most widely accepted treatment for any level of OSA and considered the gold standard treatment by the medical society in India. The rising awareness of sleep disorders especially among the urban section of the population along with increasing disposable incomes has hugely driven the sleep apnea therapy equipment market in the recent years. CPAP has been the prime growth driver for PAP market, since it is the most common and widely accepted sleep apnea therapy among the Indians. The market for such equipments in the country is largely dominated by global players such as Philips Respironics, ResMed Inc, DevilBiss and Fisher and Paykel, among others.
According to the research report “India Sleep Apnea Diagnostic and Therapy Market Outlook 2018 - Driven by Growing Disorder Awareness and Rising Number of Sleep Labs in India” by Ken Research, the India Sleep Apnea Diagnostic service market would grow at a high CAGR, exceeding INR 1.7 billion by 2018.
“It is expected that there will be nearly 786 sleep labs established in India by 2018. With the rising number of sleep deprived inhabitants in India, various multi-specialty hospitals have been launching dedicated sleep apnea diagnosis labs across the country. Furthermore, with increasing incidences of such disease and greater awareness among the people, more number of independent or standalone sleep labs catering to the rising sleep apnea patients, will be established in the country.” according to the Research Analyst, Ken Research.
The report provides detailed overview on the sleep apnea diagnostic market across India and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, healthcare professionals, medical equipments manufacturers and pulmonologists align their market centric strategies according to ongoing and expected trends in future.
Contact Person- Ankur Gupta