Press release
Nebulizer Market(CAGR of 6.8%): Industry Growth Drivers, Restraints, Supply and Demand Risk, Market Attractiveness, From 2019-2027
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global nebulizer market is segmented by nebulizer type into mechanical (soft mist inhaler) and electrical; by modality into portable and stand alone; by end-user into residential and commercial and by regions. The nebulizer market is anticipated to mask a CAGR of 6.8% during the forecast period i.e. 2019-2027.
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The market is estimated to stimulate a significant growth on the back of increasing technological advancements along with rising healthcare expenditure and growing patient awareness across the developing economies regarding advanced healthcare equipment during the forecast period. Many multi-national companies are concentrating towards new product advances in nebulizer market. Besides, the growth of the market will be augmented at a steady rate on the back of shifting trend from hospital care to home care-based treatment along with product’s feasibility in home care settings around the globe.
Further, the demand for portable home care set up nebulizers is projected to accelerate on the back of increasing geriatric population across the globe.
North America is expected to display a strong growth on the back of increasing trend of homecare services combined with favorable healthcare reimbursement policies across the region. Further, the Europe market for nebulizers is anticipated to induce a budding growth on the back of growing number of smokers and rising geriatric population across the region. Asia Pacific is attributed to boost the nebulizers market during the forecast period on account of rising level of environmental pollution around the countries such as India, China and others accompanied with increased COPD incidences and significant rise in the percentage of population suffering from pulmonary diseases across the region.
Growing Varieties of Respiratory Disorders
The growing rate of respiratory tract infection owing to increasing pollution levels around the globe is expected to serve as a leading factor in the growth of the nebulizers market. Additionally, rising number of respiratory disorders due to diseases such as asthma, bronchitis, lung cancer, pulmonary edema, pneumothorax, sarcoidosis and others are expected to boost the demand for nebulizers over the forecast period.
On Account of Growing Aged Population
The worldwide growth of the geriatric population (8.696% in the year 2017) along with the increasing rate of suffering from various respiratory disorders due to aging which further results in the weakening of immune system, making an individual susceptible to diseases is expected to propel the growth of the global nebulizer market during the forecast period.
However, due to the nozzles of nebulizer not being airtight, the loss of drugs through these systems or devices during administration in pediatric population is high which can be overcome by the use of metered dose inhalers. This factor is estimated to serve as a key restraint in the growth of the nebulizer market across the globe.
This report also provides the existing competitive scenario of some of the key players of the global nebulizer market which includes company profiling of Becton, Dickinson and Company, Omron Corporation, Koninklijke Philips N.V., PARI Pharma, Allied Healthcare Products, Inc., Agilent Technologies, Medline Industries, Inc., Briggs Healthcare, Drive Medical, GF Health Products, Inc. and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
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On the whole, the report depicts detailed overview of the global nebulizer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. Phone: +1 646 586 9123
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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