According to a report by Grand View Research, Inc., global nebulizer market is anticipated to value USD 1.3 billion by 2025. Growing requirement for healthcare devices that can be used at home by geriatric population is anticipated to propel demand for nebulizers. Compact design of nebulizers make it easy for patients suffering from respiratory issues to use such devices being at home. Nebulizer is an advanced drug delivery device that can be used to administer medication in the form of mist inhaled into lungs.
Rising cases of respiratory disorders coupled with increasing number of geriatric population can fuel growth of market. Elderly people are susceptible to chronic diseases such as sleep apnea and chronic obstructive pulmonary disease (COPD). This, in turn, is expected to increase patients demanding home healthcare devices, which can come cost-effective as compared to hospital stays. Growing adoption of compact and technologically advanced medical devices at home can stimulate market growth in the forthcoming years. Reduced drug loss and incorporation of advanced technologies are expected to augment demand for portable nebulizers. High demand to curb healthcare expenditure is likely to surge demand for home healthcare devices such as nebulizers. Continual R&D activities to reduce sound created by medical devices and increase compactness is expected to augment market growth during the forecast period (2014 to 2025).
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To cater to rising demand for portable medical devices, most companies are focusing on R&D activities to develop technologically advanced and compact nebulizers. For instance, Omron recently launched its new nebulizer for infants named DuoBaby nebulizer. The device is expected to be 2-in-1 compressor nebulizer integrated with nasal aspirator to help treat common respiratory problems in babies. It can efficiently deliver medication to upper and lower airways while aspirator can gently clean baby’s nose to avoid any congestion. In addition, nasal aspirator can also be used to remove mucus from baby’s nose through suction based on venture effect. Removed mucus is likely to get collected inside collection chamber, which can be cleaned easily. Moreover, device package is expected to contain two additional inhalation tops for nebulizer kit. These exchangeable tops can be used to treat airways conditions such as bronchitis, bronchiolitis, and asthma related to lower airways along with lower airways conditions such as cold, allergies, and blocked nose.
The nebulizer market can be segregated on the basis of product and region. Based on product, the market can be categorized into ultrasonic, mesh, and pneumatic. In 2016, pneumatic segment dominated the market and accounted for largest market share. High prevalence of respiratory disorders among geriatric population can contribute well for product demand. In addition, rising level of environmental pollution coupled with increasing number of smokers is likely to stimulate growth of market during the forecast period.
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Similarly, mesh segment is estimated to display substantial growth during the forecast period. Continual technological advancements in nebulizers to increase their efficiency and efficacy can boost market growth in the forthcoming years. Nebulizers with vibrating mesh are likely to generate therapeutic aerosols with high efficiency, fine particle fractions, low residual volumes, and capability of nebulizing microliter volumes.
Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. In 2016, North America dominated the market and contributed for maximum market share. Growing number of geriatric population liable to respiratory disorders and surgeries is anticipated to propel demand for nebulizers in the region. Favorable initiatives from local governments to reduce patient’s stay in hospital attributed to cost containment issues in related to healthcare can boost market growth in the region.
In Asia Pacific, the market is expected to witness significant growth during the forecast period. According to Japan’s ministry of health, COPD is expected to be the seventh most common cause of death in the country. Rapidly increasing cases of COPD in Japan is likely to fuel demand for nebulizers. In addition, rising cases of pulmonary diseases in countries such as India and China can further influence demand for such devices in the region.
Some of the leading companies offering nebulizers are Omron Corporation, Dickinson and Company, Agilent Technologies, Briggs Healthcare, and Becton Dickinson.
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