Nebulizer Market Overview
Nebulizer is a drug delivery device which is used to administer medication or to give high doses of medicine to patients. These are basically breathing machines which are used to treat various lung conditions such as asthma and other respiratory illnesses.
Market Size and Forecast
Global nebulizer market is expected to thrive at a notable CAGR over the forecast period. Further, lung diseases are becoming a major reason for deaths across the globe. Nebulizer market is projected to grow on the back of increasing penetration of respiratory disease across all regions. Further, increasing occurrence of respiratory diseases such asthma, cystic fibrosis, and other respiratory illnesses are envisioned to bolster the growth of global nebulizer market over the forecast period i.e. 2017-2024
Regionally, the global nebulizer market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa regions. Among these regions, North America nebulizer market grabbed major market share in 2016 and is expected to continue its dominance over the forecast period. Chronic obstructive pulmonary diseases are becoming very common amongst the American population. In 2014, 5.7 million Americans were diagnosed with chronic obstructive pulmonary diseases. Further, rising prevalence of chronic obstructive pulmonary diseases such as airflow blockage and breathing-related problems are major driver of the North America nebulizer market.
Apart from North America, Europe nebulizer market is envisioned to witness robust growth during the forecast period. According to British Lung Foundation, someone dies from lung disease in the UK every 5 minutes. High prevalence of lung diseases in Europe region is projected to drive the growth of nebulizer market in this region over the forecast period.
Further, global nebulizer market is segment by product type into ultrasonic nebulizer, compressor nebulizer, mesh nebulizer, portable nebulizer, pediatric nebulizer and accessories. Among these segments, compressor nebulizer segment is anticipated to grow significantly over the forecast period due to its ability to offer a range of particle sizes and high durability.
Our in-depth analysis has segmented global nebulizer market into the following segments:
By End User
Global nebulizer market is further classified on the basis of region as follows:
Growth Drivers & Challenges
Growing incidences of lung related disease such as asthma, lung cancer, influenza and others along with rising old age population across the globe is anticipated to flourish the growth of nebulizer market. Further, growing awareness regarding respiratory diseases is also projected to bolster the market of nebulizer in upcoming years. Apart from this, high penetration of lung diseases in geriatric population is a major reason which is augmenting the demand for nebulizers.
Rising demand for advanced healthcare device to cure various respiratory related diseases is projected to foster the growth of nebulizer market. Moreover, continuous advancements in healthcare products are also believed to spur the growth of nebulizer market. Apart from this, occurrence of lung diseases in children less than 15 years is augmenting the growth of nebulizer market across the globe.
Increasing geriatric population across the globe and rising exposure to smoke & chemicals are envisioned to augment the incidence of respiratory diseases. Apart from this, smoking is a very common cause of respiratory disease in North America. Moreover, increasing adoption of unhealthy lifestyle and increasing number of respiratory diseases such as chronic obstructive pulmonary disease (COPD) is boosting the demand for nebulizers across all regions.
However, high reliability on electric source and chances of infection due to long term use of nebulizers are projected to limit the growth of global nebulizer market in near future.
Scope and Context
Overview of the Parent Market
The global nebulizer market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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