Nebulizer System Market to Register Significant CAGR of 6.16% through 2026
Rising prevalence of respiratory
diseases is expected to drive global nebulizer system market.
According to TechSci Research report, “Global Nebulizer
System Market By Product Type (Jet Nebulizer System, Mesh Nebulizer System,
Ultrasonic Nebulizer System), By Accessories (Main Apparatus v/s Others), By
Sales channel (Offline v/s Online), By End Use (Hospitals & Clinics,
Ambulatory & Emergency Centers, Homecare), By Region, Forecast &
Opportunities, 2026”, the global nebulizer system
market stood at USD1755.59 million in 2020 and is anticipated to grow at a
steady rate of 6.16% in the forecast period 2022-2026. This can be attributed
to the widespread adoption of nebulizer system for drug delivery in respiratory
ailments owing to their small size, light weight, ease of use, among others.
Additionally, growing healthcare awareness and per capita health expenditure
across different countries are further expected to fuel the market growth
during the forecast period. Besides, increasing air pollution has led to an
increase in the prevalence of different respiratory problems, thereby driving
the market growth. Furthermore, growing popularity of home nebulization is
further expected to foster the market growth over the next five years. However,
stringent government regulations for product approval and mandatory licensing
for practitioners might restrict the market growth over the next few years.
Also, availability of alternatives might hamper the growth of global nebulizer
system market.
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The global nebulizer system market is segmented
based on product type, accessories, sales channel, end user, company and
region. Based on type, the market is segmented into jet nebulizer system, mesh
nebulizer system and ultrasonic nebulizer. Among them, the jet nebulizer
segment dominated the market in 2020 with an overall market share of around
55.34% owing to their low cost. However, mesh nebulizers are anticipated to
gain high traction during the forecast period owing to their portability and ease
of use. They are technological advanced, compact size devices, which minimize
the drug loss.
Major players operating in the global nebulizer
system market include Rossmax International Ltd., Koninklijke
Philips N.V., DeVillbiss Healthcare, LLC, Omron Corporation, Pari GmbH, Allied
Healthcare Products, Inc., Invacare Corporation, Vectura Group plc, Henry
Schein, Inc. and Teleflex Inc. The companies are adopting strategies such as
new product development and collaborations to increase their market share.
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“Asia
Pacific is expected to witness the highest growth during the forecast period
owing to the increasing geriatric population base especially in countries like
Japan, China and India. Additionally, China and India are world’s two highly
populated countries which have a large patient population suffering from
various respiratory diseases. This in turn is expected to fuel the market
growth through 2026. Also, major companies are expanding in the region by
establishing their manufacturing units and subsidiaries in the region, thereby fueling
the market growth over the next five years.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global
Nebulizer System Market By Product Type (Jet Nebulizer System, Mesh Nebulizer System,
Ultrasonic Nebulizer System), By Accessories (Main Apparatus v/s Others), By
Sales channel (Offline v/s Online), By End Use (Hospitals & Clinics,
Ambulatory & Emergency Centers, Homecare), By Region, Forecast &
Opportunities, 2026” has
evaluated the future growth potential of global nebulizer system market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in global nebulizer system market.
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