Nebulizers Market: Overview
According to Transparency Market Research’s latest report on the global nebulizers market for the historical period 2017–2019 and forecast period 2021–2028, rise in prevalence of asthma, COPD, and cystic fibrosis and increase in the global geriatric population are key factors projected to drive the global nebulizers market during forecast period
Rise in Prevalence of Asthma, Cystic Fibrosis, and COPD: Key Driver
Prevalence of asthma, cystic fibrosis, and COPD is increasing significantly across the world. Exact cause for asthma and cystic fibrosis is unknown; however, the risk factors include hereditary conditions (passed from generation to generation) and environmental pollution (UV ray, chemical irritant). On the other hand, COPD is mostly caused due to cigarette smoking. According to the Centers for Disease Control and Prevention (CDC), North America accounted for the largest number of asthma and COPD cases in the world in 2012.
Therefore, rise in prevalence of asthma, COPD, and cystic fibrosis cases are anticipated to drive the demand for nebulizers during the forecast period
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Improvement in healthcare policies in various countries such as the U.S., Japan, the U.K., and China has resulted in enhanced affordability for various diagnostic and treatment services, which, in turn, has increased life expectancy of the people. Aging leads to rise in the number of people diagnosed with asthma and COPD. Hence, management of asthma and COPD is quite crucial and problematic after 65 years of age. People above 65 years who are diagnosed with asthma and COPD are unable to consume liquid medication. Hence, nebulizers are the preferred choice, as these convert liquid medication into aerosol or mist.
Moreover, the global geriatric population is expected to increase at a rapid pace in developed countries such as the U.S., the U.K., and Japan during the forecast period. Therefore, rapidly increasing geriatric population acts as a major driver of the global nebulizers market.
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Nebulizers perform effective and efficient drug delivery; however, the crucial factor associated with these devices is drug loss during delivery. Pneumatic nebulizers have been observed to lose some amount of the drug in the spray chamber during delivery.
Hence, drug loss during delivery is likely to hamper the growth of the global nebulizers market
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This report profiles major players in the global nebulizers market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global nebulizers market is highly fragmented, with the presence of a number of international as well as regional players
Leading players operating in the global nebulizers market are
Agilent Technologies, Inc. o
Allied Healthcare Products, Inc.
o
CareFusion Corporation
o
Covidien plc
o
GE Healthcare Ltd.
o
GF Health Products, Inc.
o
Omron Healthcare, Inc.
o
PARI Respiratory Equipment, Inc.
o
Philips Healthcare, among others
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