Nebulizers Global Market Size Analysis:
According to a report by Altus Market Research titled, “Nebulizers Global Market 2022 Opportunities And Strategies To 2030: By Type: (Pneumatic Nebulizer; Ultrasonic Nebulizer; Mesh Nebulizer); By Application; By End Use: (Hospitals and Clinics; Emergency Centers; Home Healthcare) By Portability“, the global nebulizers market size reached a value of nearly $912.8 million in 2020, having grown at a compound annual growth rate (CAGR) of 8.7% since 2015. The global nebulizers market is expected to grow from $912.8 million in 2020 to about $1,038.0 million in 2021 due to an increase in demand for the use of nebulizers in the treatment of Covid-19 patients. The global nebulizers market is expected to grow at a CAGR of 9.7% to nearly $1,453.3 million by 2025. Also, the market is expected to grow to $1,453.3 million in 2025 at a CAGR of 9.7% and to $2,142.7 million in 2030 at a CAGR of 8.1%.
Market Growth Drivers:
Growth in the historic period resulted from increased incidence of chronic respiratory diseases, rising healthcare expenditure in emerging economies. Factors that negatively affected growth in the historic period were the high costs associated with the use of nebulizer and the substitutes for nebulizers available in the market.
Going forward, increasing geriatric population, increasing demand for the home healthcare devices such as portable devices, increased acceptance of mesh nebulizers, growing prevalence of COVID-19 across the globe, and increased consumption of tobacco and alcohol are expected to drive the market. Factors that could hinder the growth of the nebulizers market in the future include contamination of nebulizers and maintenance problems associated with it and wastage of drug during the use of nebulizer.
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Market Growth by Segments:
The nebulizers market is segmented by type into pneumatic nebulizer, mesh nebulizer and ultrasonic nebulizer.
The Pneumatic Nebulizer market was the largest segment of the nebulizers market by type, accounting for $429.3 million or 47.0% of the total market in 2020. The Ultrasonic Nebulizer market is expected to be the fastest-growing segment going forward at a CAGR of 10.5%.
Market Growth by Applications:
The nebulizers market is also segmented by application into asthma, COPD, cystic fibrosis and others. Asthma was the largest segment of the by application, accounting for $548.1 million or 60.0% of the total market in 2020. The COPD market is expected to be the fastest-growing segment going forward at a CAGR of 10.1%.
Market Growth by End Users:
The nebulizers market is also segmented by end use into hospitals and clinics, emergency centers, and home healthcare. Hospitals and Clinics was the largest segment of the nebulizers market by end use, accounting for $664.5 million or 51.7% of the total market in 2020. The Home Healthcare market is expected to be the fastest-growing segment going forward at a CAGR of 12.8%.
The nebulizers market is also segmented by portability into portable nebulizer and tabletop nebulizer. The Tabletop Nebulizer was the largest segment by portability, accounting for $518.9 million or 56.8 % of the total market in 2020. The Portable Nebulizer market is expected to be the fastest-growing segment going forward at a CAGR of 12.3%.
Market Growth by Region:
North America was the largest region in the nebulizers market, accounting for 50.0% of the global market in 2020. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the nebulizers market will be South America and the Western Europe, where growth will be at CAGRs of 13.7% % and 11.1% respectively from 2020-2025.
Market Growth by Potential:
The top growth potential in the nebulizers market by type will arise in Ultrasonic Nebulizer market, which will gain $314.5 million of global annual sales by 2025. The top growth potential in the nebulizers market by application will arise in the COPD market, which will gain $321.8 million of global annual sales by 2025. The top growth potential by end use will arise in the Home Healthcare market, which will gain $706.9 million of global annual sales by 2025. The top growth potential in the nebulizers market by portability will arise in the Portable Nebulizer market, which will gain $702.2 million of global annual sales by 2025. The nebulizers market size will gain the most in the USA at $569.3 million.
Market Growth by Key Players:
The global nebulizers market is relatively concentrated, with a few big players and large number of small players. The top ten competitors in the market made up to 51.26 % of the total market in 2020. Major players in the market include Koninklijke Philips N.V., Omron Corporation, Aerogen, PARI, Drive Medical and others.
Other Players
Medline Industries, Vyaire Medical, Inc., Agilent Technologies, GF Health Products, Briggs Healthcare, CF Pharmtech Inc., Hoyo Scitech Co., Ltd, Simzon, Yirdoc (Qingdao Future Medical Technology Co., Ltd.), Healthgenie, Meditive, Agaro, Omron Corporation, Dr Trust, Dr. Morepen, Handyneb, Nuwik, Philips Healthcare, Nagashima Medical Instruments co., Ltd, Citizen Systems Japan Co., Shenzhen Bi-rich, Yuyao Dengyue Medical Devices Co., Ltd, Philips Healthcare, Shenzhen Aeon Technology Co., Ltd., EverGreen, MediSave, Scala, Porex, Pari UK, ResMed, Masimo Corporation, Draegerwerk AG and Fisher & Paykel Healthcare Limited, Vectura, Omron United Kingdom, GE Healthcare, AstraZenca, Medtronics, B. Braun Melsungen, Beikohn, Vostok Service, Technoavia, TD Trakt, Respiratorniy Kompleks, Alvateks, B. Braun Melsungen, Dixion Russia, Triton Electronics Systems, Ltd, 3M Company, Medline Industries, Johnson and Johnson, Dynarex Corporation, Honeywell, Kimberly-Clark Corporation, BD, Moldex-Metric, Draegerwerk AG, Getinge Group and Masimo, Agilent technologies, Briggs Healthcare, Drive DeVilbiss Healthcare, InvacAre Corporation, Masimo, Stevens Company, PARI Medical Holding GmbH, Omron Healthcare co., Ltd., Fisher & Paykel Healthcare Corporation Limited, FLOWTRONIX, Smiths Medical, Omron Healthcare co., Ltd.,
Market: Trend-based Strategies
Market-trend-based strategies for the nebulizers market include developing connected nebulizer, focusing on development of light weight portable nebulizers and to focus on vibrating technology to develop new nebulizers and take initiatives to develop products from environmentally friendly products. Player-adopted strategies in the nebulizers industry include expansion of the portfolio through launch of new devices and focusing on geographic expansions.
Growth Strategies by Altus Market Research for Companies in the Market:
To take advantage of the opportunities, The Altus Market Research recommends the nebulizers companies to focus on innovative intelligent nebulizers, invest in vibrating mesh technology, provide competitively priced offerings in low-income countries, scale up through mergers and acquisitions, increase visibility through a high performance website, and focus on making portable and easy to use nebulizers.
