Market Definition
A nebulizer is a medical device that turns liquid medication into a tiny mist or aerosol that may be inhaled into the lungs. It is made up of a compressor, a drug cup or nebulizer chamber, and an inhaling mouthpiece or mask. The medication cup is filled with liquid medication, which is normally in the form of a solution or suspension. The compressor then produces compact air or ultrasonic vibrations that turn the medicine into a mist, which the patient inhales through the mouthpiece or mask.
Market Insights & Analysis: Global Nebulizer Market (2023-28):
The Global Nebulizer Market size is valued at around USD 967 million in 2022 & is estimated to grow at a CAGR of about 6.1% during the forecast period, i.e., 2023-28. With the occurrence of cystic fibrosis, asthma, and several other lungs related diseases among the population across the globe, the is anticipated to grow at a rapid pace. The swift growth is attributable to the escalating incidence of chronic respiratory disorders, a higher need for home healthcare devices, and an aging population. Chronic Obstructive Pulmonary Disease (COPD) is the fourth greatest cause of death in the United States, as per the Centers for Disease Control and Prevention.
Furthermore, soaring intake of alcohol, tobacco, and ultra-processed food, such as sugar-sweetened beverages, is a major contributor to the global spike in the prevalence of respiratory disorders. Along, with this as the number of smokers soars & with the upgrade in the environmental pollution, the need for nebulizers is poised to elevate.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 6.1% |
| Regions Covered | North America: US, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
| Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
| South America: Brazil, Argentina, Rest of South America | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA | |
| Key Companies Profiled | Omron Corporation, GE Healthcare, Koninklijke Philips N.V., Allied Healthcare, Vectura Group Plc., PARI Respiratory Equipment, Inc., Aerogen, Devilbiss Healthcare LLC, Briggs Healthcare, Beurer Gmbh, Teleflex Incorporated, Trudell Medical, Drive Devilbiss International , Agilent Technologies, Invacare Corporation, Others |
| Market Value (2022) | USD 967 Million |
The soaring innovation in the respiratory drug deliveries or devices for the treatment of respiratory disorders is also contributing in the frequent adoption of these devices among the patients, therefore enhancing the market demand. Nebulizers assists in ensuring that the medicine is being delivered to the right part of the respiratory system, thus giving relive to the patient. This has been also proved in many of the researches that deployment of nebulizers can help in getting relive from seasonal flu, chronic obstructive pulmonary disease (COPD), bronchitis, and several others.
Furthermore, numerous initiatives by the government & non-government organizations for streamlining the diagnosis & treatment of the respiratory-related ailments, would also contribute in influencing the Global Nebulizer Market. In line with these initiatives, several companies are striving to spread awareness for nebulization in acute disease management, thus the organizations are conducting campaigns to increase the awareness for respiratory disorder & their treatments, hence aiding in enhancing the Global Nebulizer Market share in the years ahead.
Global Nebulizer Market Driver:
Rising Geriatric Population to Drive Market Growth – With the boost in the geriatric population across the regions, a surge in the number of individuals suffering from respiratory disorders has been recorded. Respiratory ailments such as asthma, COPD, etc., need a proper diagnosis & treatment, hence pushing the healthcare sector & the government of numerous countries to improvise & upgrade their medical facilities, thus giving rise to the upgradation of nebulizers.
As nebulizers aid in providing or delivering the medication to the lungs of the patients easily & with no discomfort, therefore elevating their demand in the market. Also, with the frequent shift of patients or individuals suffering from respiratory disorders to home healthcare or homecare setting primarily after the pandemic as well as the prevalence of pneumatic nebulizers among geriatric patients is accelerating the growth of the Nebulizer Market.
Global Nebulizer Market Opportunity:
Mounting R&D and Innovation to Create Opportunistic Arena for the Market Growth – Innovation, rigorous R&D, and upgradation play a major role in the advancement & improvisation of any product. In the same way, the surging advancement & innovation in the nebulizer is creating lucrative opportunities for the growth of the market. The application of vibrating mesh nebulizers has grown due to the spiraling inventions by key players in the advancement of technologically upgraded equipment & drug distribution at constant particle size.
As a result, the ease & convenience of handling the device are expected to contribute to its growing acceptance, further projected to supplement the demand for portable devices. Additionally, growing collaborations & partnerships among leading firms to widen their market reach as well as greater awareness about innovative goods among healthcare professionals & patients, are also likely to fuel the Global Nebulizer Market expansion during 2023-28.
Global Nebulizer Market Challenge:
Concerns Regarding the Transmission of Infections to Restraint the Market – Nebulizers are the most preferable device to treat respiratory ailments or any disease related to the lungs. However, the rising concerns related to the safety of these devices & the threat of being one of the sources to spread infection is bounding the doctors or physicians to recommend them to their patients. This, in turn, is creating a challenge for the Global Nebulizer Market by reducing its adoption rate. As it is believed that there is a risk of transferring infection from the tubing or those parts of the nebulizers that are not sterilized or are not properly cleaned after being used by a particular patient in the hospital.
Further, with the rise of such incidents, several medical centers or hospitals are shifting from nebulizers to metered dose inhales with valves having chambers. Also, these inhalers are witnessed to gain preference, owing to their small & portable size, easy-to-carry feature, and various other favorable aspects, hence becoming a highly available alternative to nebulizers, therefore hindering the market growth.
Global Nebulizer Market Trend:
Booming Strategic Alliances to Upscale the Market Progression – Strategic collaborations may assist medical equipment vendors in exploring new possibilities without experiencing substantial monetary expenses. Thus, the growing number of alliances is witnessed as one of the trending aspects that would aid in enhancing the Global Nebulizer Market growth. These alliances provide the vendors with numerous possibilities like extended product lines, escalating geographical reach, cost contamination, and many more, thus encouraging the market for healthcare equipment. It is observed that several vendors are embracing business strategies & are partnering or collaborating with end-users to strengthen their foothold in the global market.
Global Nebulizer Market (2023-28): Segmentation Analysis
The Global Nebulizer Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:
Based on Type:
Jet Nebulizers are anticipated to capture the dominant share of the Global Nebulizer Market during the forthcoming period due to its low cost & high adoption among the consumers. The convenience of the usage of this nebulizer & the efficient design for drug administration has propelled its adoption, making it the most prominent & preferable nebulizer by the patients & healthcare sector. Jet nebulizers are successful at delivering formulations that dry powder inhalers & pressurized metered-dose inhalers fail to. Therefore, owing to all the listed factors, this type of nebulizer would flourish in the future years, further supporting the growth of the global market.
Based on Application:
Owing to the high prevalence, COPD would account for the most considerable share of the Global Nebulizer Market during the forecast period. Modern technological advancements have made nebulizers more portable & patient-friendly. Long-acting beta2-agonists (LABAs), long-acting muscarinic receptor antagonists, steroids, mucolytics, and antibiotics are commonly accessible in nebulized formulations. Hence, these capabilities have enabled persons with COPD to use nebulizers apart from acute settings such as clinics or hospitals, which is driving the growth of this segment. Also, constant R&D by the companies for better enhancing & advancing technology would aid in creating a demand graph for the nebulizers.
Based on End User:
Hospitals are predicted to be one of the major end-users in the global market, accounting for the largest market share during the forecast period. This is in line with the rise in the number of patients & their footfall in the hospital as well as due to the reimbursement policies in many of the healthcare centers. With the growing government & non-government investments & initiatives for the expansion of the medical sector, the demand for nebulizers is estimated to upscale, further positively affecting the growth of the Nebulizer Market in the coming years.
Besides, Homecare Settings is also anticipated to emerge due to its growing popularity in the recent years. A homecare setting is a less expensive alternative to expensive hospital stays, which is projected to drive the nebulizer industry. The easy availability of tiny nebulizers that are appropriate for home use, as well as technological advancements in nebulizers to minimize noise & increase functionality, are also expanding their popularity worldwide.
Global Nebulizer Market Regional Projections:
Geographically, the Global Nebulizer Market expands across:
North America held the dominating share of the Global Nebulizer Market in the past years & poised to hold a similar position during the forthcoming years as well. This is primarily because of the rising respiratory illnesses & government initiatives such as promising reimbursement policy, increased customer awareness, and a well-established healthcare infrastructure. Furthermore, the launch of technologically advanced gadgets as well as continuous innovation and R&D across the region by the manufacturers present in region is projected to boost the North America Nebulizer Market expansion. Furthermore, as the elderly population in the US grows, so does the number of surgeries & chronic diseases in the country, which would also enhance regional market growth, further creating a demand for nebulizers.
Global Nebulizers Industry Recent Development:
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Frequently Asked Questions
A. The growth rate or CAGR of the Nebulizer Market is projected to be around 6.1%during 2023-28.
A. Rising geriatric population to drive the Nebulizer Market during 2023-28.
A. Omron Corporation, GE Healthcare, Koninklijke Philips N.V., Allied Healthcare, Vectura Group Plc., PARI Respiratory Equipment, Inc., Aerogen, Devilbiss Healthcare LLC, Briggs Healthcare, Beurer Gmbh, Teleflex Incorporated, Trudell Medical, Drive Devilbiss International, Agilent Technologies, Invacare Corporation, and Others.
A. COPD to be one of the leading application in the Nebulizer Market.
A. North America would present growth prospects in the Nebulizer Market during 2023-28.
A. Booming strategic alliances to upscale the Nebulizer Market progression.
A. Mounting R&D and innovation to create opportunistic arena for the Nebulizer Market growth.
A. Concerns regarding the transmission of infections to restraint the Nebulizer Market.
A. Hospitals, clinics, and homecare settings to be the potential end-users in the Nebulizer Market.
Global Nebulizer Market Research Report (2023-2028) - Table of Contents
