Rising prevalence of respiratory diseases and growing demand for home care therapeutic devices to drive global nebulizer system market
New Delhi, July 03, 2020: According to TechSci Research report, “Global Nebulizer System MarketBy 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,whichis 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, asthmaand 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 practitionersmight limit the market growth. Also, availability of alternativesmighthamper the growth of global nebulizer system market.
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According to TechSci Research report, The global nebulizer system market is segmented based ontype, 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 portabilityand 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 systemmarket includeRossmax 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.
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”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.
Corporate Comm India (CCI Newswire)
