Nebulizers Market by Product and Geography - Forecast and Analysis 2020-2024

The nebulizers market share is expected to increase by USD 265.29 million from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 6%.

This nebulizers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers nebulizers market segmentation by product (pneumatic nebulizers, mesh nebulizers, and ultrasonic nebulizers) and geography (Asia, Europe, North America, and ROW). The nebulizers market report also offers information on several market vendors, including Agilent Technologies Inc., Drive DeVilbiss Healthcare Ltd., GF Health Products Inc., Invacare Corp., Koninklijke Philips NV, Medline Industries Inc., OMRON Corp., PARI Respiratory Equipment Inc., Teleflex Inc., and Vyaire Medical Inc. among others.

What will the Nebulizers Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Nebulizers Market Size for the Forecast Period and Other Important Statistics

Nebulizers Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The demand for nebulizers in home care settings is notably driving the nebulizers market growth, although factors such as the high costs associated with nebulizers and associated drug treatments may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nebulizers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Nebulizers Market Driver

One of the key factors driving growth in the nebulizers market is the increasing prevalence of respiratory disorders. Nebulizers are drug delivery devices used to control the symptoms and progression of cystic fibrosis, COPDs, asthma, and other respiratory diseases. Asthma is a common non-communicable disease, which has a substantial impact on the quality of life. It is also considered as one of the leading causes of years lived with disability. The increasing prevalence of asthma will increase the demand for nebulizers and drive the market growth during the forecast period. COPDs are also a major respiratory illness and one of the leading causes of deaths in the world. Chronic bronchitis and emphysema fall under COPDs. The high prevalence of COPDs drives the demand for nebulizers as nebulized aqueous vapor alters the viscosity of mucus and assists in expectoration. Air-driven nebulizers are used frequently in the treatment of acute exacerbations and management of COPDs. Additionally, nebulizers are used for the prevention of pneumonia in patients with HIV antibodies, which will contribute to the increase in demand for nebulizers.

Key Nebulizers Market Trend

The growing number of strategic alliances is a nebulizers market trend that is expected to have a positive impact in the coming years. Strategic alliances can help medical equipment vendors explore additional opportunities without incurring a considerable financial burden. Such alliances for product development and product commercialization provide vendors with multiple benefits such as cost containment, extended product line, and increased geographical reach. All these factors accelerate the growth of the healthcare equipment market, including the global nebulizers market. The increasing number of partnerships and collaborations is likely to drive the growth of the global nebulizers market during the forecast period. Vendors are adopting business strategies such as partnerships and collaborations with end-users, agreements with distributors, and acquisition of aerosol device manufacturers to strengthen their market position in the global nebulizers market. The rising need for advanced devices is encouraging leading vendors to expand their geographic reach, which is also contributing to market growth.

Key Nebulizers Market Challenge

The high costs associated with nebulizers and associated drug treatments will be a major challenge for the nebulizers market during the forecast period. The cost of nebulizers varies depending on their type, technology used, and the brand. The newly developed mesh nebulizers are expensive than pneumatic nebulizers as the former is more efficient and requires shorter time for aerosol delivery

This nebulizers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global nebulizers market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nebulizers market during the forecast period.

Who are the Major Nebulizers Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Agilent Technologies Inc.
• Drive DeVilbiss Healthcare Ltd.
• GF Health Products Inc.
• Invacare Corp.
• Koninklijke Philips NV
• Medline Industries Inc.
• OMRON Corp.
• PARI Respiratory Equipment Inc.
• Teleflex Inc.
• Vyaire Medical Inc.

This statistical study of the nebulizers market encompasses successful business strategies deployed by the key vendors. The nebulizers market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

Product Insights and News

• Agilent Technologies Inc.- The company offers a pneumatic nebulizer which is based on flow blurring nebulization technology, that provides improved sensitivity, precision, and greater tolerance to dissolved solids.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The nebulizers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Nebulizers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the nebulizers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the healthcare equipment market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Nebulizers Market?