The global nebulizer market is anticipated to grow significantly at a CAGR of nearly 6.0% during the forecast period (2024-2031). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance, in May 2018, Convexity Scientific Inc. announced the launch of the FLYP nebulizer, a portable & pocket-sized device integrated with vibrating mesh technology for patients with asthma and chronic obstructive pulmonary disease (COPD).
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Further, in March 2018, Convexity Scientific launched FLYP nebulizer which was cleared by the FDA in May 2017. The device is a pocket-portable nebulizer that is designed for the management of COPD and asthma by delivering medication deep into the lungs through fast treatments. Additionally, in October 2018, Pari Pharma got approval for the e-Flow technology device LAMIRA. The device is the only nebulizer system that delivers amikacin liposome inhalation suspension. (ARIKAYCE).
Apart from this, the rise in consumption of tobacco and the rising geriatric population are some factors resulting in an increased demand for nebulizers. The elderly population and people who consume tobacco are more prone to respiratory diseases. As per the Centers for Disease Control and Prevention (CDC), in 2019, around 14 of every 100 US adults of age 18 years or above smoked cigarettes, which is 14% or 34.1 million adults. Further, according to the United Nations (UN), there were around 703 million persons aged 65 years or over across the globe in 2019 and the number of older persons is projected to double to 1.5 billion in 2050.
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Market Coverage
- Segment Covered- by Type, by Size, and by End-User.
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Koninklijke Philips NV, and Omron Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Nebulizer Market – Segmentation
By Type
- Jet Nebulizer
- Ultrasonic Nebulizer
- Mesh Nebulizer
By Type
- Tabletop
- Portable
By End-User
- Hospitals and Clinics
- Homecare
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