The import of therapeutic respiration apparatus to India is showing a steady upward trend from 2024 to 2028. The forecast indicates a consistent year-on-year growth, which suggests a strong demand in the Indian market. Notably, the imports were valued at USD 171.51 million in 2024, expected to reach USD 197.81 million by 2028. Assuming a stable increase, the projected compound annual growth rate (CAGR) is indicative of a robust growth pattern that has been shaping since the previous years. As of 2023, imports stood significantly lower, affirming the forecast of substantial growth.
Future trends to watch for include:
- Technological advancements in respiratory apparatus enhancing demand.
- Strategic changes in healthcare policies, influencing import demand.
- Impact of local manufacturing capacity on imports.
- Global economic conditions affecting supply chain dynamics.
