The global nebulizer market is a growing segment in the medical device industry and is expected to grow at a healthy pace in the forecast period. Medical devices are essential for enhancing patient quality of life. Nebulizers are majorly recommended to patients with asthma as well as chronic respiratory diseases. The nebulizer market is expected to grow at a CAGR of over 7% during the forecast period. The government and vendors are creating awareness among the patients and the public for nebulizers across the globe. In India, the nebulizer market is expected to grow at a CAGR of over 10% by 2025. Mesh nebulizers being the trending in global market. According to Arizton’s research, an increase in the geriatric population with respiratory disorders has created a bigger impact on the increased usage of nebulizer.
Key Market Insights Include:
- The US is likely to witness incremental growth rate of around $120 million during the forecast period.
- The mesh nebulizers will have the highest absolute growth of around 72%, due to its enhanced drug delivery with increased safety features.
- The home healthcare centers have a faster growth rate, out of 5 hospitals 4 hospitals are treating the COVID-19 patients.
- Asthma, COPD patients are diverted for the home healthcare centers for the treatments, the demand for the nebulizers among the home healthcare are increasing.
Mesh Nebulizers – Latest Trend in the Global Market
Vibrating mesh nebulizers is trending in the global market. This new technology has overcome the drawbacks of both jet and ultrasonic nebulizer. The small, portable, and quiet design is appealing to the users. The mesh nebulizers segment holds a share of almost 27% in the global nebulizer market. Mesh nebulizers is the innovation in the market compare to other available product portfolio. The global mesh nebulizers market was valued at $218 million in 2019 and is expected to rise by 2025. According to the clinical studies, it is the observed that the use of mesh nebulizer is higher than jet nebulizer. The demand for the latest mesh nebulizer is driving the US market, which is expected to grow over $120 million by 2025.
COVID-19 Fueling the Demand for Nebulizers
The usage of nebulizer to treat the coronavirus affected patients is increasing due to the COVID-19 pandemic globally. The US is the worst COVID-19 affected country, the demand for home nebulizer is drastically increasing. The demand for medical nebulizers is likely to increase by 2021. As coronavirus directly affects the lungs, nebulizer plays an important role in the treatment of COVID-19 patients. According to WHO, 180 countries are affected with coronavirus, 40% of the affected patient required to be hospitalized, which in turn, is propelling the demand for innovative nebulizers in the global market and is expected to surge in demand by 2021. Manufacturers are increasing the production for nebulizers to meet the demand for nebulizers due to COVID-19.
FAQs facts about the Nebulizer Market:
Q). What is the market size of a nebulizer?
A). The global nebulizer market is projected to reach over $900 million by 2020.
Q). What is the market growth of a nebulizer?
A). The global nebulizer market is likely to grow at a CAGR of over 7% during the forecasted period.
Q). What is the market insight of a nebulizer?
A). The demand for the latest smart, mesh, and portable device is likely to drive the US nebulizer market and is expected to grow over $120 million by 2025.
Q). What is the market segmentation of a nebulizer?
A). The global nebulizer market is segmented by product type, end-users, portability, geography.
Q) What are the major regions in the global nebulizer market?
A). The leading regions in the global nebulizer market include North America, Europe, APAC, Latin America, and the Middle East & Africa.
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