Nebulizer Market Is Witnessing Significant Growth Due To Rising Incidence Of Chronic Respiratory Diseases Till 2025
The
global nebulizer market is anticipated to reach USD 1.3
billion by 2025, according to a new report by Grand View Research, Inc. Rising
incidence of chronic respiratory diseases across the world, increasing demand
for home healthcare devices, and growing geriatric population are among the key
factors driving growth.
Rising
incidence of chronic respiratory diseases is the vital impact rendering driver
for market growth. According to the Global Burden of Disease Study, an
estimated 251 million people worldwide were suffering from chronic obstructive
pulmonary disease (COPD) in 2016. In addition, as per WHO (2017), there were
around 3.17 million deaths due to COPD in 2015. Initiatives such as the “Global
Alliance Against Chronic Respiratory Diseases” are also likely to improve
diagnosis and treatment rates of respiratory disorders. This initiative is
aimed at preventing and controlling chronic respiratory diseases by improving
the diagnosis and medical care across the globe. Such factors are bound to
increase the demand for nebulizers, which in turn may bolster the growth rate
over the forecast period.
In
addition, home healthcare devices have been gaining popularity and revenue
share in recent years. Miniaturization of products and technological
advancements are boosting the adoption of home healthcare devices. Furthermore,
growing geriatric population, high incidence of target diseases, and growing
need to curb healthcare expenditure are expected to be some of the high-impact
rendering drivers for home healthcare devices. Such factors are also expected
to favorably contribute to market growth.
Browse full
research report on Nebulizer Market: www.grandviewresearch.com/industry-analysis/nebulizers-market
Further
Key Findings From the Study Suggest:
- Pneumatic nebulizer accounted for the largest
share, in 2016. High prevalence of respiratory disorders in aging
population have contributed towards the dominant share commanded by these
devices.
- Mesh nebulizer is anticipated to be the fastest
growing segment over the forecast period. Technological advancements in
these devices is expected to propel growth. For instance nebulizers with
vibrating mesh can generate therapeutic aerosols with increased
efficiency, low residual volumes, fine particle fractions, and capability
of nebulizing microliter volumes.
- Asia Pacific is expected to grow with the
highest CAGR over the forecast period. Large population base in this
region, rising geriatric population, and growing incidence of respiratory
disorders are likely to bolster the market.
- Some of the major players include Omron
Corporation, Koninklijke Philips N.V., PARI Pharma, Allied Healthcare
Products, Inc., Becton, Dickinson and Company, Agilent Technologies,
Medline Industries, Inc., Briggs Healthcare, Drive Medical, and GF Health
Products, Inc.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global nebulizer market report on
the basis of product, and region:
Nebulizer
Product Outlook Revenue (USD Million, 2014 - 2025)
- Pneumatic
- Ultrasonic
- Mesh
Nebulizer
Product Outlook Volume (Units, 2014 - 2025)
- Pneumatic
- Ultrasonic
- Mesh
Nebulizer
Regional Outlook (2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- Middle
East and Africa (MEA)
- South
Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-nebulizers-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
Comments
Post a Comment