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 ...