Nebulizers Market is anticipated to grow at a CAGR of 6.3% from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Nebulizers Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the Global Nebulizers Market accounted for over US$ 890 million in 2019. It is anticipated to grow at a CAGR of 6.3% from 2019 to 2030.
The market growth of nebulizers can be attributed to factors, such as growing geriatric population, increase in prevalence of respiratory diseases, and smoking (a prime cause for COPD and asthma), increasing air pollution and the presence of toxins and allergens in air. According to Global Initiative for Chronic Obstructive Lung Disease, around 10 million people develop tuberculosis and 1.6 million die from it each year, making it the most lethal infectious disease. These are some of the prime factors boosting market growth.
Other factors such as increasing adoption for home healthcare devices such as portable nebulizers by people who are preferring treatment at home rather than in hospitals owing to the fact that it is convenient and cheaper. Along with it, increase in initiatives by government and different organizations such as American Lung Association, Global Alliance Against Chronic Respiratory Diseases (GARD), Global Initiative for Chronic Obstructive Lung Disease (GOLD) and other organizations, aid in creating awareness among people regarding preventive measures, financial aids etc. These factors are also expected to positively impact the growth of nebulizers market.
However, the availability of low cost products in the market and unfavorable reimbursement scenarios are affecting market growth to a certain extent.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Nebulizers Market by Type (Mesh Nebulizers, Jet Nebulizers, and Ultrasonic Nebulizers) and by End User (Hospitals & Clinics and Home Care Patients) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/nebulizers-market/238
Asia Pacific is estimated to account for the highest CAGR in nebulizers market during the forecast period, which is driven by large geriatric population in the region. The growth in Asia Pacific can also be attributed to increase in prevalence of people suffering from respiratory diseases in countries such as China, Singapore, Vietnam, Japan, Philippines and other Asian countries. Moreover, increasing investments for the development of private sector hospitals and healthcare facilities in the rural areas of the region and increasing demand for advanced medical devices for treatment purposes is also contributing to the growth of the market. As a result, the regional nebulizers market in Asia Pacific is likely to expand considerably during the forecast period.
Some of the prominent players in the global nebulizers market include Briggs Healthcare, Besco Medical, DeVilbiss Healthcare LLC, Feellife Health Inc., Convexity Scientific Inc., Invacare Corporation., Koninklijke Philips N.V., PARI, Omron Healthcare, Inc., Aerogen, and others.
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