The Global Nebulizers Market accounted for over US$ 890 million in 2019. It is anticipated to grow at a CAGR of 6.3% from 2019 to 2030.
The market growth of nebulizers can be attributed to factors, such as growing geriatric population, increase in prevalence of respiratory diseases, and smoking (a prime cause for COPD and asthma), increasing air pollution and the presence of toxins and allergens in air. According to Global Initiative for Chronic Obstructive Lung Disease, around 10 million people develop tuberculosis and 1.6 million die from it each year, making it the most lethal infectious disease. These are some of the prime factors boosting market growth.
Request Sample Report with Industry Insights of “Molecular Diagnostics Market” @
Some of the prominent players in the global nebulizers market include Briggs Healthcare, Besco Medical, DeVilbiss Healthcare LLC, Feellife Health Inc., Convexity Scientific Inc., Invacare Corporation., Koninklijke Philips N.V., PARI, Omron Healthcare, Inc., Aerogen, and others.
Other factors such as increasing adoption for home healthcare devices such as portable nebulizers by people who are preferring treatment at home rather than in hospitals owing to the fact that it is convenient and cheaper. Along with it, increase in initiatives by government and different organizations such as American Lung Association, Global Alliance Against Chronic Respiratory Diseases (GARD), Global Initiative for Chronic Obstructive Lung Disease (GOLD) and other organizations, aid in creating awareness among people regarding preventive measures, financial aids etc. These factors are also expected to positively impact the growth of nebulizers market.
However, the availability of low cost products in the market and unfavorable reimbursement scenarios are affecting market growth to a certain extent.
The global nebulizers market can be segmented into type, end users, and region.
- Mesh nebulizers,
- Jet nebulizers,
- Ultrasonic nebulizers, and others
By End Users:
- Hospitals & clinics,
- Home care,
Go For Interesting Discount Here:
Asia Pacific is estimated to account for the highest CAGR in nebulizers market during the forecast period, which is driven by large geriatric population in the region. The growth in Asia Pacific can also be attributed to increase in prevalence of people suffering from respiratory diseases in countries such as China, Singapore, Vietnam, Japan, Philippines and other Asian countries. Moreover, increasing investments for the development of private sector hospitals and healthcare facilities in the rural areas of the region and increasing demand for advanced medical devices for treatment purposes is also contributing to the growth of the market. As a result, the regional nebulizers market in Asia Pacific is likely to expand considerably during the forecast period.
Table of Contents
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Methodology
- Bottom Up Approach
- Top Down Approach
- Data Validation and Triangulation
- Market Forecast Model
- Limitations/Assumptions of the Study
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- UNIQUE SELLING PROPOSITIONS (USPs)
- Epidemiological Assessment: Chronic Respiratory Diseases
- Key Product Assessment
Have any query? Inquiry here for Customization about report at:
About Market Industry Reports:
Market Industry Reports is a global leader in market measurement & advisory services, Market Industry Reports is at the forefront of innovation to address the worldwide industry trends and opportunities. We identified the caliber of market dynamics & hence we excel in the areas of innovation and optimization, integrity, curiosity, customer and brand experience, and strategic business intelligence through our research.