Global Inhalation Therapy Nebulizer Market Worth Over USD 1,222 Million by 2024: Zion Market Research

According to the report, the global inhalation therapy nebulizer market was valued at approximately USD 794 million in 2017 and is expected to generate revenue of around USD 1,222 million by the end of 2024, growing at a CAGR of around 6.4% between 2018 and 2024.

New York, NY, Oct. 26, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Inhalation Therapy Nebulizer Market by Type (Pneumatic Nebulizers, Ultrasonic Nebulizers, and Mesh Nebulizer), by Applications (Asthma, COPD, Cystic Fibrosis, and Other), and by End-User (Hospitals and Clinics, Home Healthcare, and Other End-Users): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, the global inhalation therapy nebulizer market was valued at approximately USD 794 million in 2017 and is expected to generate revenue of around USD 1,222 million by the end of 2024, growing at a CAGR of around 6.4% between 2018 and 2024.

Inhalation therapy aims to improve respiratory conditions in asthmatic and COPD patients to enable their normal breathing. Inhalation therapy uses a nebulizer device for administering the required drug. The nebulizer device converts drug solutions or suspensions in mist form (aerosol droplets). These aerosol droplets are easily absorbed by lungs. Many respiratory diseases and illnesses can be managed with a nebulizer owing to ease of use, as the drugs get administered directly to the target respiratory area. This helps to reduce the side effects, any other symptoms, and inflammation. Nebulizers can be used to treat the common cold, asthma, cystic fibrosis, COPD, and other respiratory diseases. There are mainly three types of nebulizers available in the market pneumatic nebulizers, ultrasonic nebulizers, and mesh nebulizers.

Browse through 90 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Inhalation Therapy Nebulizer Market: By Type, Size, Share, Industry Trends, Analysis and Forecast, 2017 – 2024”.

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Government is taking initiatives to curb non-communicable diseases (NCD), like asthma and COPD, owing to the reduced quality of life in patients suffering from these diseases. Increasing cases of COPD, asthma, and other respiratory conditions drive the growth of inhalation therapy nebulizer market. Rising environmental pollution across the globe, growing geriatric population prone to various diseases, and increasing investments in product miniaturization for home healthcare use are other important drivers fuelling this market’s growth. Nevertheless, drug loss caused in the nebulizer device during conversion of the solution to mist leads to high drug requirement and is one of the major concerns that might hamper this market’s growth. Other diseases, such as diabetes, migraine, and cancer, can also be treated using inhalation therapy nebulizer, which might act as a growth opportunity for the inhalation therapy nebulizer market.

The global inhalation therapy nebulizer market segments are divided based on product type, applications, end-user, and region. On the basis of product type, this market is categorized into the ultrasonic nebulizer, mesh nebulizer, and pneumatic nebulizer, which are based on the mechanism of mist formation. Inhalation therapy nebulizers have applications in various respiratory conditions and based on applications, this market is segmented into asthma, COPD, cystic fibrosis, and other applications. Asthma segment is anticipated to hold the maximum share in this market, whereas COPD is expected to grow at the highest CAGR. End-users for inhalation therapy nebulizer market are hospitals and clinics, home healthcare, and other.

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North America held the largest market share in 2017 for inhalation therapy nebulizers. Government is focused on curbing non-communicable diseases and taking initiatives to control asthma and COPD. Rapid development is projected in the North American region in the upcoming years. The U.S. is the most dominant country both in the world and the North American region. High prevalence of asthma and COPD in children and adults is helping the inhalation therapy nebulizer market to grow in the U.S. In addition, technological advancements and well-developed healthcare infrastructure play a vital role in this market’s growth in this country. Furthermore, government funds/grants will further boost the inhalation therapy nebulizer market.

Europe is expected to be the second largest market in terms of revenue share. Europe is expected to show a steady growth in the future for the inhalation therapy nebulizer market. Favorable health policies and health awareness among the patients are some other factors propelling the growth of this market in Europe.

Browse the full “Inhalation Therapy Nebulizer Market by Type (Pneumatic Nebulizers, Ultrasonic Nebulizers, and Mesh Nebulizer), by Applications (Asthma, COPD, Cystic Fibrosis, and Other), and by End-User (Hospitals and Clinics, Home Healthcare, and Other End-Users): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024” report at https://www.zionmarketresearch.com/report/inhalation-therapy-nebulizer-market

Asia Pacific is anticipated to grow at the fastest rate during the projected period. The fastest-growing countries for this market are projected to be India, Japan, and China. In this region, increasing business focus of the major market players in developing economies, such as China and India, is a major factor that will help to grow the inhalation therapy nebulizer market, whereas other growth factors include growing geriatric population base susceptible to respiratory diseases and rising disposable income of people.

In the Middle East and Africa, there is a high prevalence of COPD, asthma, and other respiratory diseases. However, less awareness and lack of treatment adherence in this region will lead to a slow growth rate in this region. However, improved medication adherence and treatment access would help the growth of the market in this region. The Latin American region is anticipated to show a moderate growth rate in this market.

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Some key players of the inhalation therapy nebulizer market include Koninklijke Philips N.V., OMRON Corporation, DeVilbiss Healthcare, PARI, Air Liquide Medical Systems, A&D Company, Limited, GF Health Products, Inc., Vyaire Medical Inc., 3M, 3A Health Care S.R.L., Trudell Medical International, and Allied Healthcare Products, Inc., among others.

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This report segments the global inhalation therapy nebulizer market as follows:

Global Inhalation Therapy Nebulizer Market: By Product Type

  • Pneumatic nebulizer
  • Ultrasonic nebulizer
  • Mesh nebulizer

Global Inhalation Therapy Nebulizer Market: By Applications

  • Asthma
  • COPD
  • Cystic fibrosis
  • Other applications

Global Inhalation Therapy Nebulizer Market: By End-User

  • Hospitals and clinics
  • Home healthcare
  • Other end-users

Global Inhalation Therapy Nebulizer Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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