Nebulizer Market to Grow due to Rising Cases of Respiratory Diseases

The global nebulizer market is expected to reach a value of $1,698.1 million in 2030, rising from $765.1 million in 2019, progressing at a 7.4% CAGR during the forecast period (2020–2030), as per a report by P&S Intelligence. The market is growing due to the increasing air pollution levels, rising usage of cigarettes, surging geriatric population, increasing healthcare expenditure, and easy availability of portable devices. On the basis of product, the market is divided into mesh, pneumatic, and ultrasonic.

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In terms of application, the nebulizer market is categorized into cystic fibrosis, chronic obstructive pulmonary disease (COPD), and asthma. Among these, the asthma application contributed the largest revenue to the market in 2019, and it is further predicted to progress at a considerable pace in the years to come. The growing number of asthma cases across the globe are leading to the high demand for nebulizers. As per the WHO, asthma is the most common chronic disease that affects children across the globe.

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The surging cases of respiratory diseases are among the primary driving factors of the nebulizer market. As per the WHO, over 3 million people die every year because of COPD, which accounts for about 6% of the deaths around the world. Furthermore, 90% of deaths because of this disease occur in middle and low income countries. Nebulizers are important medical devices that are used for the treatment of COPD, therefore, the increasing COPD cases is driving the market.

In conclusion, the market is being driven by the rising cases of COPD and increasing geriatric population around the world.

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