@kumar kaushal Apologies for the delay in response and all the inconvenience caused because of the issue.
First we need to understand what is ideal performance limits your application requires currently if you are saying 5000 IOPS & 200 MBPS is being hit continuously, so till what limit does the application required IOPS
whether it will go to 6000 or 8000 or 10000 IOPS and what level of throughput is required 200 or 400 or more than 500??
Based on that you need to decide further design of disks. Without knowing the requirement, if we make disk changes which are also not meeting the application requirement then it won't be of any use.
Also for such issues I would highly recommend you to open a Support Ticket since they have the right set of tools and expertise to help you out on this. If you have a Support Plan would request you to raise a Support Request if not let me know I will try to enable One-Time Free Support for you.
Thanks