In 2018, the global nebulizer market was valued at USD 862.75 million, estimated at USD 1.255.33 million by 2024, while witnessing a CAGR of 6.45% during the forecast period 2019-2024. There are some factors driving market growth, including rising incidences of chronic respiratory diseases, growing demand for home healthcare appliances, and rising population base in geriatrics.
Nebulizers are instruments for the delivery of respiratory drugs that convert liquid drugs into aerosols liquid particles in a gas. The drug is transformed into a mist that can be supplied directly to the lungs of the patient. One of the main variables driving the use of nebulizers is the increasing incidence of chronic respiratory diseases and rapid technological advances.
Due to the patient’s demand for new technologies with greater quality, lower size, lighter weight, and easier accessibility, acceptance is also growing.
As a result, the growing demand for home healthcare appliances drives the market growth being studied.
The Reports Scope:
A nebulizer is a medical device that turns the drug into the nebula and provides it to the lungs straight. The nebulization method is frequently used to treat respiratory diseases such as asthma, cystic fibrosis, and COPD. There are different instruments that can be used to nebulize. Some of the systems are rechargeable, and the most commonly used are electrically powered phones.
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Key Market Trends:
Mesh Nebulizer Segment is Expected to Hold the Largest Market Share:
Over the forecast period, the mesh nebulizer segment of the global nebulizer market is expected to experience a high CAGR of 7.60%.
Mesh nebulizers are the first choice for fresh innovations in nebulized pharmaceutical drugs. As a result, mesh nebulizers were estimated to be increasingly adopted in the future. This is due to the portability, comfort, and velocity of therapy due to their small remaining quantities and precise distribution of the lung. Thus, technological advances in mesh nebulizers are likely to further boost the market growth in the future with the creation of an innovative alternative.
Patients have also been increasingly adopting mobile nebulizers, which contributes to the development of the industry. It is anticipated that portable nebulizers will experience robust development in the latest years due to ease and comfort of use, technological progress in tools and the launch of several new products.
Market By Type
- Pneumatic Nebulizer
- Ultrasonic Nebulizer
- Mesh Nebulizer
Market By Portability
- Tabletop Nebulizer
- Portable Nebulizer
Market By Sales Channel
- Direct Purchase
- Online Purchase
North America Dominates the Market and is expected to do so over the Forecast Period:
Due to ongoing technological developments, the North American nebulizer industry is increasing. As the region’s population follows a fast-moving lifestyle, patients are searching for more mobile nebulizer devices that can be readily transmitted to patients with asthma and other airway illnesses when needed.
Additionally, post-economic crisis in the United States, healthcare price containment problems needed the government to implement fresh approaches to decrease hospital stays for patients. This gave impetus to home care facilities, which in turn generated a favorable nebulizer market growth atmosphere.
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The global market of nebulizers is highly competitive and is made up of several major players. With regard to market share, the market is presently dominated by a few of the main players. However, these main market players are adopting multiple approaches, such as mergers and acquisitions, product approvals and contracts, to boost their brand outreach and enhance their product portfolios.
The main competitors are
- PARI Pharma
- Omron Corporation
- Medline Industries Inc.
- Koninklijke Philips NV
- Invacare Corporation
- Drive DeVilbiss Healthcare
- Briggs Healthcare
- GF Health Products Inc.
- Becton Dickinson and Company
- Agilent Technologies
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Table of Content Covers the Topics mentioned below
- Research Methodology
- Worldwide Market Analysis
- Market Dynamics
- Market by Product Type
- Global Nebulizer Market – by Portability
- Global Market – by Sales Channel
- Nebulizer Market – by Geography
- Nebulizer Market – Company Profiles
- Market Competitive Landscape
- Market Insights
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Name: Jennifer Daniel
Organization: Planet Market Reports