The nebulizer devices market is exploding with growth potential as the medical community continues to recognize their efficacy in delivering medicine via a mist vapor composed of compressed air or oxygen. Nebulizers are commonly used to treat respiratory ailments such as asthma, COPD, cystic fibrosis and allergies. They offer a viable alternative for children or those who have difficulty swallowing tablets or capsules as well as those with high dosages of drugs that require inhalation to be absorbed efficiently by the body.
Several factors have contributed towards fuelling its demand including increasing prevalence of allergic disorders such as asthma, rising geriatric population, introduction of advanced systems incorporating new technologies such as ultrasonic nebulizers and growing emphasis on home healthcare solutions across developed economies.
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Firstly, there is an increasing focus on developing new materials which have enhanced biocompatibility capabilities – helping reduce irritation within patients & allowing for comfortable long-term usage. On top of this, many companies are now producing tailored versions that provide specialized solutions for different applications such as home health or clinical settings – meaning users can benefit from optimized forms tailored according to application-specific needs. Furthermore, numerous organizations have begun offering value added services such as imaging analysis packages or remote control access – helping them remain compliant whilst ensuring data safety is maintained across all facilities.
In addition, there is an increasingly growing demand for single-use systems due to their convenience & cost-effectiveness; providing healthcare workers with a safe solution without needing to worry about sterilization or cross contamination between patients. Furthermore, digital solutions have become commonplace amongst nebulizer devices; users can now efficiently store & transfer data from anywhere in the world – greatly reducing administrative burden & improving communication between providers & patients alike.
- Agilent Technologies, Inc.
- Allied Healthcare Products, Inc.
- CareFusion Corporation (sub. Becton, Dickinson and Company)
- Covidien plc (sub. Medtronic)
- GE Healthcare
- GF Health Products Inc.
- Omron Healthcare, Inc.
- PARI GmbH
- Koninklijke Philips N.V.
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Asia Pacific to give tough competition to developed regions
The growing prevalence of chronic obstructive pulmonary disease or COPD in Asia Pacific has intensified the use of nebulizer devices in the region. Chronic obstructive pulmonary disease is a term used to describe a chronic progressive condition of lung disorders such as asthma and chronic bronchitis. As per the Journal of Thoracic Disease, the prevalence rate of COPD cases in China is 8.2% and is related to the increase in exposure to biomass smoke.
According to the Journal of Lung, Pulmonary & Respiratory Research, it is estimated that there are 5 lakh deaths in India every year due to COPD. According to the World Health Organization, COPD prevalence in New Zealand is between 10% and 17% of the total population.
According to the Lung Foundation Australia, 7.5% of Australians above 40 years of age suffer from COPD. Moreover, the growing disposable income of consumers in the region allows them to afford more advanced technologies and adopt better treatment options. As a result, the demand for nebulizer devices in the APEJ region is expected to intensify over the coming years.
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Nebulizer Devices Market: Segmentation
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