Nebulizer System Market to Register Significant CAGR through 2025
Rising prevalence of
respiratory diseases and growing demand for home care therapeutic devices to
drive global nebulizer system market
According
to TechSci Research report, “Global
Nebulizer
System Market By Type (Pneumatic Nebulizer (Breath Actuated Pneumatic
Nebulizer, Vented Actuated Pneumatic Nebulizer), Mesh Nebulizer (Static Mesh
Nebulizer, Vibrating Mesh Nebulizer), Ultrasonic Nebulizer, Jet nebulizer), By Equipment
(Main Apparatus Mouthpiece, Saline Solution, Connecting Tube, Others), By End
Use (Hospitals and Clinics, Emergency Centers, Home Healthcare), By Region,
Forecast & Opportunities, 2025”, the market is anticipated to grow at a significant CAGR
during the forecast period. The key factors driving the global nebulizer system
market include rising prevalence of respiratory diseases around the world and
increasing demand for home care therapeutic devices. The market is also booming
due to increasing geriatric population, which is more prone to breathing
related problems. Furthermore, favorable reimbursements provided by various
governments and technological advancements like drug-device combination are
enabling manufacturers to expand their market. Also, global initiatives such as
“Global Alliance against Chronic Respiratory Diseases” are leading to increased
treatment rates of respiratory disorders, which in turn is expected to boost
the growth of nebulizer system market.
Moreover, growing awareness towards health and rising
disposable income are acting as major growth drivers for global nebulizer
system market. These systems are helpful in treating dieses like cystic
fibrosis, COPD, asthma and other respiratory disorders. Further, launch of portable
nebulizers are also gaining traction in global market. However, the market might also face some
restrains. Stringent government regulations for product approval and mandatory
licensing for practitioners might limit the market growth. Also, availability
of alternatives might hamper the growth of global nebulizer system market.
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The global
nebulizer system market is segmented based on type, equipment, end use and
region. Based on type, the market is segmented into pneumatic nebulizer, mesh
nebulizer, ultrasonic nebulizer and jet nebulizer. The pneumatic nebulizer is
further segmented into breath actuated pneumatic nebulizer, vented actuated
pneumatic nebulizer and mesh nebulizer is segmented into static mesh nebulizer
and vibrating mesh nebulizer. Among them, the jet nebulizer segment witnessed
highest growth in 2019 and is expected to further dominate the market through
2025 as they are low in cost. However, mesh nebulizers are anticipated to gain
high traction during the forecast period owing to the portability and
convenience. They are technological advanced compact size devices, which
minimize the drug loss.
Based
on end use, the global nebulizer system market is segmented into hospitals and
clinics, emergency centers and home healthcare. Among them, the hospitals and
clinics segment is expected to witness largest market share during the forecast
period owing to larger patient footfall and increasing cases of sudden
asthmatic attacks. Moreover, favorable reimbursement policies are also making
hospitals and clinics a dominant segment in global market.
Major players operating in the global nebulizer
system market include Rossmax International Ltd., Philips Healthcare,
DeVillbiss Healthcare, Omron Healthcare Inc, Becton Dickinson and Company, Pari
GmbH, Allied Healthcare Products, GE Healthcare, Medtronics PLC, JK Medical
Systems, Vectura Group plc and Beurer GmBH. The companies are adopting
strategies such as new product development and collaborations to increase their
market share.
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“North
America is expected to dominate global nebulizer system market due to rising
prevalence of respiratory disorders in the region. Moreover, favorable
reimbursements provided by government and growing consumer awareness are making
the region a lucrative market. However, Asia-Pacific is expected to witness
fastest growth through 2025 owing to presence of larger geriatric population base
and rising focus on preventive healthcare,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Nebulizer System Market By Type (Pneumatic
Nebulizer (Breath Actuated Pneumatic Nebulizer, Vented Actuated Pneumatic
Nebulizer), Mesh Nebulizer (Static Mesh Nebulizer, Vibrating Mesh Nebulizer),
Ultrasonic Nebulizer, Jet nebulizer), By Equipment (Main Apparatus Mouthpiece,
Saline Solution, Connecting Tube, Others), By End Use (Hospitals and Clinics,
Emergency Centers, Home Healthcare), By Region, Forecast & Opportunities,
2025” has evaluated
the future growth potential of global nebulizer system market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also identifies
and analyzes the emerging trends along with essential drivers, challenges and
opportunities in global nebulizer system market.
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