Nebulizer Market to Grow due to Rising Cases of Respiratory Diseases – P&S Intelligence

December 07 13:34 2020
Nebulizer Market to Grow due to Rising Cases of Respiratory Diseases - P&S Intelligence
The global nebulizer market size is exhibiting a CAGR of 7.4% during the forecast period by P&S Intelligence.

The global nebulizer market size is expected to reach a value of $1,698.1 million in 2030, rising from $765.1 million in 2019, progressing at a 7.4% CAGR during 2020–2030. The market is growing due to the increasing air pollution levels, rising usage of cigarettes, surging geriatric population, increasing healthcare expenditure, and easy availability of portable devices. On the basis of product, the market is divided into mesh, pneumatic, and ultrasonic.

In terms of application, the nebulizer market is categorized into cystic fibrosis, chronic obstructive pulmonary disease (COPD), and asthma. Among these, the asthma application contributed the largest revenue to the market in 2019, and it is further predicted to progress at a considerable pace in the years to come. The growing number of asthma cases across the globe are leading to the high demand for nebulizers. As per the WHO, asthma is the most common chronic disease that affects children across the globe.

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Geographically, North America dominated the nebulizer market in 2019, because of the increasing number of respiratory diseases, rising number of product launches, and high healthcare spending. The Asia-Pacific (APAC) region is projected to register the highest CAGR during the forecast period, majorly because of the steadily growing requirement for generic nebulized drugs. In addition to this, the surging air pollution levels, rising consumption of tobacco, and increasing healthcare spending are also expected to result in the growth of the regional domain.

Another major driving factor of the nebulizer market is the increasing geriatric population across the globe. According the World Population Ageing 2019 report by the United Nations, the number of aged people is the highest in APAC. Elderly people often suffer from chronic, mostly respiratory, diseases for which nebulization therapy is need. Therefore, the increasing geriatric population is projected to drive the market in the coming years.

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Market Size Breakdown by Segment

By Product Type

  • Pneumatic
    • Breath-actuated
    • Vented
  • Ultrasonic
  • Mesh
    • Vibrating mesh
    • Static mesh

By Portability

  • Portable
  • Stand-Alone

By Application

  • Asthma
  • Chronic Obstructive Pulmonary Disease (COPD)
  • Cystic Fibrosis

By End User

  • Hospitals and Ambulatory Surgical Centers (ASCs)
  • Emergency Centers
  • Clinics

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    •  France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
    •  Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

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