Air Purifier Market

Air Purifier Market Segmentation By Type (Dust Collectors, Fume & Smoke Collectors); By Technique (High-efficiency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), Ultraviolet Germicidal Irradiation, Ionizer Purifiers and Activated Carbon Filtration); By End Users (Residential, Commercial and Others); By Region – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1415 | Published On: Feb 06, 2023
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


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Air Purifier Market Overview

Air purifier is a device which can remove contaminants from air to improve the quality of air. These purifiers are used commonly by people suffering from allergies. They also have commercial applications where they are used to remove impurities such as carbon dioxide, smoke particles and volatile organic compounds that are hazardous to life. There are two types of air purifying techniques named as active and passive. Active air purifiers release negatively charged ions into air which result in attracting pollutants to surface. Technological advancements in healthcare along with the changing consumer behavior towards purchasing products capable of improving the quality of life, are expected to foster the growth of the market. Passive purifiers are more efficient as it can remove the dust and particulate matter permanently in the filters. Air purifier trap airborne particles by size exclusion where air is forced through filters and particles are physically captured. Robotic air purifier has also been launched in the market that are very autonomous in functions and can remove airborne allergens, particulate matters, gaseous pollutants and other chemical pollutants.  Growing demand for smart air purifier and improving lifestyle is anticipated to foster the growth of air purifier market over the next few years till 2027.


Market Size and Forecast

The air purifier market is anticipated to record a CAGR of around 27.96%  over the forecast period. The market is segmented by type into dust collectors, fume & smoke collectors and by technique into high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), ultraviolet germicidal irradiation, ionizer purifiers and activated carbon filtration. The market is also segmented by end users into residential & commercial, out of which residential segment is anticipated to capture highest demand in air purifier market on account of increasing demand for smart purifier along with rising awareness the effects of air pollution on the body. 

Share of Urban Population Worldwide Graph

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Growth Drivers

Industrialization

As a result of globalization, number of industries across the world has increased. Modern companies are now focused on providing efficient equipment and services to their consumers. Additionally, demand for new engineering tools is increasing owing to increasing demand for automation. Escalation in the number of industries have resulted in rapidly rising levels of air pollutants. This is expected to propel the demand for efficient air purifiers across the world.

The developing urban population over the globe has prompted a solid interest for reliable and health saving medical items such as smart air purifier and face mask. Additionally, the market has witnessed an improved growth of smart appliances. Rising population of urban cities has led a strong impact over air pollution and has degraded the quality of air. Additionally, rising number of vehicles and the emission of pollutants is also anticipated to generate a demand of air purifiers.

Increasing Awareness

Smart air purifiers display efficient working for long hours. The increase in the disposable income of the families have resulted in improved lifestyle creating enormous demand for smart devices to make life comfortable. Utilizing such devices has proven to assist in comfortable breathing especially in people with breathing conditions. Such factors are estimated to foster the growth of market.


Share of Urban Population Worldwide Graph
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Restraints

High Cost of Product

High cost of production and the subsequent cost of the end-product is a major concern that every manufacturer is focused towards. Initial purchasing cost of air purifier is high and poses as a major barrier restricting the low-income populations from availing the product. Further, regular maintenance of these smart equipment results in further increasing the cost. Such factors are expected to restrain the demand for air purifiers across the globe.


Market Segmentation

Our-in depth analysis of the air purifier market includes the following segments:

By Type

  • Dust Collectors
  • Fume
  • Smoke Collectors

 By Technique

  • High-efficiency Particulate Air (HEPA)
  • Thermodynamic Sterilization System (TSS)
  • Ultraviolet Germicidal Irradiation
  • Ionizer Purifiers
  • Activated Carbon Filtration

By End Users

  • Residential
  • Commercial

By Region

Based on regional analysis, the air purifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. According to WHO Global Ambient Air Quality Database 2018, around 4.2 million deaths take place every year as a result of exposure to ambient (outdoor) air pollution. Due to such factors there is a rising demand for efficient air purifiers to minimize the effects of the pollutants. On account of easier adoption of innovative technologies, North America region is expected to witness a significant demand in the global market.

Asia Pacific market is anticipated to capture the largest market share in the air purifier market owing to growing urbanization, industrialization and construction activities. With growing health awareness and increase in advancement in healthcare industries, market of Asia Pacific is expected to observe a substantial growth over the forecast period.

The air purifier market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


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Top Featured Companies Dominating the Market

    • Honeywell International Inc
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Koninklijke Philips
    • Sunbeam Products Inc
    • Xiaomi Corporation
    • Coway
    • Whirlpool Corporation
    • Americair Corporation
    • Sharp Corporation
    • Dyson Technology Limited
    • Blueair Limited
    • Bluestar Limited
    • Other Prominent Players

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