Market Industry Reports (MIR) has published a new report titled “Nebulizers Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, 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.
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Some of the prominent players in the 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
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 Nebulizers Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
By Type:
Mesh Nebulizers, Jet Nebulizers, and Ultrasonic Nebulizers
End User:
Hospitals & Clinics and Home Care Patients
Research Approach
As a standard protocol at MIR, all research assignments go through the following rigorous processes.
- Secondary Research
- Primary Research
- Market Size Estimation & Forecasting
- Data Validation & Triangulation
- Report Generation
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
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