Nebulizer Market Size, Share and Growth Report, 2019 to 2026

The global nebulizer market size is expected to reach USD 1.44
billion by 2026, according to a new report by Grand View Research, Inc. It is
projected to expand at a CAGR of 6.5% during the forecast period. Rising
incidence of chronic respiratory diseases, increasing demand for home
healthcare, and rising geriatric population are the key factors driving the
growth.
Home healthcare devices have been gaining popularity
in recent years. Miniaturization of products and technological advancements are
boosting the adoption of home healthcare devices. Furthermore, growing
geriatric population, high incidence of chronic respiratory diseases, and need
to curb healthcare expenditure are expected to be some of the high-impact
rendering drivers for nebulizer market. Home
healthcare is a cost-effective alternative to expensive hospital stays, which
is expected to boost the nebulizer market. Easy availability of compact
nebulizers that are ideal for home use coupled with technological innovations
to reduce the sound and to improve their functionality are increasing their
adoption in home healthcare.
Rising geriatric population across the globe is
anticipated to increase the usage of respiratory care devices over the forecast
period. For instance, as per the World Health Organization (WHO), the global
elderly population is expected to increase from 841.0 million in 2014 to more
than 2.0 billion in 2050. Elderly people are susceptible to respiratory
diseases such as Chronic Obstructive Pulmonary Disease (COPD) and sleep apnea,
thus rise in geriatric population is anticipated to propel the nebulizer market
growth.
Further key findings from the report suggest:
- In terms of revenue, pneumatic
nebulizer segment led the nebulizer market in 2018. Factors such as
high prevalence of respiratory disorders in aging population are expected
to boost the demand
- Mesh nebulizer segment is expected to witness the fastest growth
over the forecast period. Increasing geriatric population across the globe
and preference for home healthcare are expected to surge the segment
growth over the forecast period
- Asia Pacific is expected to witness the fastest growth over the
forecast period owing to the increasing number of hospitals and clinics
coupled with rising healthcare expenditure
- Prominent market players are Omron Corporation; Koninklijke Philips
N.V.; PARI Pharma; and Allied Healthcare Products, Inc. These players are
adopting strategies such as product launches and mergers and acquisitions
to increase their market share
Grand View Research has segmented the global
nebulizer market on the basis of type and region:
Nebulizer
Type Outlook (Revenue, USD Million, 2015 - 2026)
- Pneumatic Nebulizer
- Standalone
- Portable
- Mesh Nebulizer
- Ultrasonic Nebulizer
- Standalone
- Portable
Nebulizer
Regional Outlook (Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Greece
- Italy
- Poland
- France
- Asia-Pacific
- Japan
- China
- India
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- MEA
- South Africa
- Saudi Arabia
- UAE
Access
full research report on global nebulizer market:
https://www.grandviewresearch.com/industry-analysis/nebulizers-market
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