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The nebulizers market is experiencing significant growth due to the increasing prevalence of respiratory disorders globally. Conditions such as asthma, chronic obstructive pulmonary disease (COPD), and cystic fibrosis are on the rise, driving the demand for nebulizer devices for effective medication delivery.
However; market dynamics is influenced by the constant innovations made in the nebulizer technology. New functionalities, like mobile and self-battery powered nebulizers, improve ease of use and patient compliance. Such technological developments promote the growth of the nebulizers market.
The most significant factor determinant of demand for nebulizers is the pediatric respiratory conditions such as asthma and bronchiolitis. Nebulizer devices are easy to use and effective in the delivery of medication to children hence preferred in dealing with respiratory troubles in pediatric population.
The market demographic towards the aging population is considered to be the primary factor to the nebulizers market. The elderly are faced with many respiratory challenges which are appropriately treated using nebulizers as the choice means for the administration of drugs since it accords convenience for the patients in managing respiratory diseases among the elderly.
In addition to the respiratory diseases are also contributed by degree of pollution rise and environmental factors. Nebulizers contribute significantly to direct medication initiation to the lungs alleviating the affected people from environmental pollutants and also contribute to the growth of the nebulizers market.
There is an increasing trend of homecare in healthcare and self-administration of medication which is propelling the demand for nebulizers. It seems that the majority of patients prefer the ease of home use with nebulizers in managing their respiratory treatments.
Provision of nebulizers is partially influenced by prevalence of infectious respiratory diseases such as pneumonia and respiratory tract infections. Through nebulizers, antibiotics and other medications can be administered straight to the lungs resulting to better treatment outcomes.
The world’s health conditions remain unstable due to health outbreaks such as coronavirus disease and others, have become one of the reasons for respiratory health needs to be promoted. The entire description of nebulizers played a vital role in the management of respiratory symptoms in several diseases hence modifying the market tug of war influencing the dynamics of the market and shaping nebulizer technologies.
The social impact exerted by government initiatives and healthcare policies targeting respiratory health and disease management are directly linked to the nebulizers market. Policies that show support encourage ease of accessibility as well as adoption of these nebulizer devices in all medical settings.
Competition in the production of nebulizers hampers product homogeneity and promotes creativity. One of the reasons that makes engaged in medicine the progressive market is that the companies strive to improve the efficiency of the nebulizer apparatuses, to decrease the duration of the treatment, and moreover to increase the equipment’s options, leading to a rapidly changing market.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â 6.9% (2023-2032) |
Nebulizers Market Highlights:
Global Nebulizers Market Overview
Nebulizers Market is expected to hold a value of USD 1.45 Billion by 2032 and is expected to register a growth of 6.9% from 2023 to 2032. Nebulizers are a device that has the capability of changing a medication from a liquid to a mist so that it can be inhaled into the lungs. High demand for respiratory devices, including nebulizers, due to the outbreak of COVID-19 globally, growing need for rescue medication, increasing prevalence of respiratory diseases, and rising demand for home healthcare devices are the key factors that are expected to drive the market growth.
Moreover, the growing geriatric population, increasing consumption of alcohol, tobacco, cigarettes, and other such products may lead to respiratory diseases, and the rising number of initiatives taken by the government as well as the private organizations are also expected to boost the nebulizers market growth. The outbreak of COVID-19, leading to increased demand for respiratory devices, including nebulizers.
Nebulizers Market Trends
Nebulizers Market Drivers
- High demand for respiratory devices, including nebulizers, due to outbreak of COVID-19 globally
- Growing need for rescue medication. Uncertain asthma attacks are the major reasons to increase the demand for nebulizers. According to the American College of Allergy, Asthma, and Immunology, every year more than 3,500 people die because of asthma. Rescue medication, such as the nebulizers, helps in better serving the patients suffering from asthma every year, hence driving the market growth.
- Increasing prevalence of chronic respiratory diseases. According to a report published by the World Health Organization (WHO), in 2017, approximately 65 million people suffered from chronic obstructive pulmonary disease (COPD) and 3 million die because of it every year, globally.
- Rising demand for home healthcare devices
- Growing geriatric population
- Increasing consumption of alcohol, tobacco, cigarettes, and other such products that may lead to respiratory diseases
Restraints
- Loss of drug during the nebulization process
- Availability of substitutes of nebulizers
- Side effects of nebulizer solutions
Nebulizers Market Segment Insights
Nebulizers Type Insights
Mesh: This segment is expected to grow owing to the growing patient acceptance for mesh nebulizers and its accurate drug delivery. It is further segmented into active mesh nebulizers and passive mesh nebulizers.
Jet: This segment is expected to account for the largest market share owing to its compact size and minimal drug wastage.
Ultrasonic: Rising popularity of ultrasonic nebulizers owing to the reduced size of drug droplets is anticipated to drive the market growth.
Nebulizers Usage Insights
Reusable: The market for reusable nebulizers is expected to grow owing to its feature of using for months as compared to disposable nebulizers which can be used 10 times.
Disposable: Increasing popularity of disposable nebulizers due to its high usage for many years is anticipated to drive the nebulizers market growth.
Nebulizers Portability Insights
Tabletop: Less cost as compared to portable nebulizers is expected to drive the market growth.
Portable: Rising adoption of portable nebulizers by patients is anticipated to drive the market growth.
Nebulizers End-User Insights
Hospitals and Clinics: This segment is expected to grow significantly, owing to the rising patient population.
Homecare: This segment is expected to demonstrate the fastest growth owing to its cost-effectiveness over other options.
Others: This includes research and academic institutes and specialty centers, among others.
Nebulizers Regional Insights
The largest regional market. The rising prevalence of respiratory disorders and favorable reimbursement schemes in the region is expected to drive the nebulizers market growth. According to data published by the Centers for Disease Control and Prevention in May 2017, about 9 million people in the US were diagnosed with chronic bronchitis. Moreover, increasing awareness regarding nebulizers amongst the people is also expected to contribute to market growth.
The market in Europe held the second-largest position in 2018 owing to the growing geriatric population. According to a report published by the European Union, approximately 29.6% of people in Europe are above the age of 65. Moreover, rising demand for technologically advanced devices in the region is also expected to boost the market growth.
The fastest-growing regional market. The growth of the market in this region is owing to the rising number of respiratory disorder cases. According to a report published by the World Health Organization (WHO), in 2018, approximately 1.31 billion people in India suffered from asthma. The increasing focus of market players on the Asia-Pacific market is also expected to boost nebulizers market growth.
The market is expected to show steady growth due to the rising burden of respiratory diseases. According to a report published by the National Center for Biotechnology Information (NCBI) in May 2018, the prevalence of asthma in the Middle Eastern countries ranges from 4.4% to 7.6%. Furthermore, slowly developing healthcare infrastructure is also expected to boost the market growth.
Nebulizers Market Key Players
- OMRON Healthcare (Japan)
- Koninklijke Philips N.V. (Netherlands)
- PARI (US)
- Vectura Group plc (UK)
- Rossmax International Ltd (Taiwan)
- Briggs Healthcare (US)
- GF Health Products, Inc. (US)
- Beurer GmBH (Germany)
- Agilent Technologies, Inc. (US)
- Drive DeVilbiss Healthcare (US)
- Invacare Corporation (US)
- Braun Melsungen AG (Germany)
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