Steam Inhaler Devices Market Predicted to Accelerate the Growth by 2023 - 2030 | Vanker, Leica Biosystems, Guardian Technologies, Kaz, Honeywell, Bionix

Market Overview:

Steam inhaler devices are used for treating common respiratory conditions such as cold, cough, sinusitis, and asthma. They help provide relief from congestion and clear airways by delivering moist heat deep into the lungs.

Market Dynamics:

The steam inhaler devices market is expected to witness significant growth over the forecast period owing to increasing prevalence of respiratory diseases coupled with growing adoption of non-invasive treatments. As per estimates by the WHO, around 235 million people suffer from asthma worldwide. With growing pollution levels and changing environmental conditions, the incidence of respiratory illnesses has risen dramatically which is expected to boost the demand for steam inhaler devices. Furthermore, technological advancements in steam inhaler devices allowing for compact designs and ease of use is another factor expected to support the market growth during the forecast period.

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Growing Prevalence of Respiratory Disorders Is Driving the Steam Inhaler Devices Market

The rising incidence rates of respiratory diseases like asthma and COPD across the globe has led to a surge in demand for steam inhaler devices. According to theGlobal Asthma Report 2018, around 339 million people worldwide suffer from asthma. Likewise, 65 million people have chronic obstructive pulmonary disease (COPD) as per the World Health Organization. Steam inhaler devices help provide moist heat therapy for treating congestion associated with respiratory illnesses. The moist heat helps liquefy mucus and make it easier to cough up. They are also known to provide relief from symptoms like shortness of breath, coughing, wheezing, and tight chest. Many leading players are launching new and innovative steam inhaler devices integrated with the latest technologies to capitalize on the growing user base of respiratory patients.

Increasing Adoption of Home Healthcare Propelling Sales of Steam Inhaler Devices

The trend of home healthcare is gaining immense popularity worldwide over hospital visits and long stays owing to advantages such as affordability, comfort, and convenience. People are opting for home medical devices and equipment to self-monitor and treat their health conditions with ease. Steam inhaler devices fall under the category of home healthcare products that assist individuals in managing respiratory diseases from the comfort of their homes. Leading manufacturers are thereby focusing on developing advanced yet affordable and easy-to-use steam inhaler solutions specifically meant for personal or domestic use. This rising adoption of home healthcare practices for respiratory illnesses is fueling the demand for steam inhaler devices globally.

High Cost of Advanced Models Can Restrict Market Growth

While steam inhaler devices provide effective relief in respiratory symptoms, their high cost can restrain wider adoption, especially premium and technologically advanced models integrated with additional features. Basic steam inhaler units are available at affordable prices but they do not offer extra benefits. On the other hand, high-end variants with enhanced functionalities tend to have a considerably larger price tag, making them unsuitable for cost-sensitive individuals. This discrepancy in pricing between basic and technologically superior steam inhaler devices hampers broader market penetration and represents a major growth challenge for industry players. Manufacturers need to optimize their pricing strategies to make advanced units cost-effective without compromising on quality and safety.

Integration of smart Sensors Presents a Lucrative Opportunity

With the rapid developments in digital healthcare technologies, there is immense scope for incorporating smart sensors in steam inhaler devices. The integration of features like integrated sensors to track usage patterns and provide tailored therapies based on patients' needs presents a lucrative growth opportunity. Additionally, smart connectivity capabilities allowing devices to send performance reports and alerts to doctors/caregivers can help enable remote monitoring of respiratory conditions. Such innovations are expected to drive new adoptions as they offer enhanced treatment efficacy and convenient real-time oversight. Considering the benefits, leading companies are attempting to embed advanced digital technologies and smart sensors in their steam inhaler product portfolio to gain a competitive edge in the market.

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Increasing Internet Penetration to Boost Online Sales Momentum

The growing internet and smartphone usage worldwide has translated into a rise in online shopping, especially for healthcare requirements. This emerging trend provides a massive opportunity for industry players to boost their sales of steam inhaler devices through online retail platforms. E-commerce channels ensure easy product research and comparison, convenient home deliveries, affordable prices, and doorstep installation support. Companies are already putting efforts towards optimizing their online presence with personalized product information, virtual demonstration, and social media presence to target customers virtually. This way the evolution of digital commerce is projected to significantly help drive the future sales trajectory of steam inhaler devices. Amazon, Flipkart, 1mg, and other major online pharmacy retailers are likely to capture higher market shares.

Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, a detailed analysis of the competitive landscape, and product services of key players. Analysis of Steam Inhaler Devices companies, key tactics followed by Leading Key Players:

◘ Vicks
◘ MyPurMist
◘ Gurin
◘ Uniclife
◘ HealthSmart
◘ Veridian Healthcare
◘ Vanker
◘ Leica Biosystems
◘ Guardian Technologies
◘ Kaz
◘ Honeywell
◘ Bionix
◘ Invacare
◘ Breathe-ezy
◘ Austin Air Systems
◘ Drive DeVilbiss Healthcare
◘ CareFusion
◘ Cipla
◘ GlaxoSmithKline
◘ PARI Respiratory Equipment

Note: Major Players are sorted in no particular order.

By Product Type

Warm Steam Inhalers
Cool Mist Inhalers
Nebulizing Steam Inhalers
Compressed Air Nebulizer
Ultrasonic Nebulizer
Mesh Nebulizer

By Type

Mobile
Stand Alone

By Application

Cold and Congestions
Asthma
Chronic Obstructive Pulmonary Disease
Others (Sinusitis, Laryngitis, etc.)

By Distribution Channel

Online Retail / Pharmacies
Retail Pharmacies

By End User

Hospitals
Clinics
Others (Ambulatory Surgical Centers, Homecare Settings, etc.)

The Study Objectives are:

A comprehensive insight into key players operating in the Steam Inhaler Devices Market and their corresponding data.
It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
Regional analysis, which includes insight into the dominant market and corresponding market share.
It also includes various socio-economic factors affecting the evolution of the market in the region.
The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Contents:

Market scenario 2023

Chapter 1: Introduction, Market Driving Force Product Objective of Study and Research Scope the Steam Inhaler Devices market
Chapter 2: Exclusive Summary - the basic information of the Steam Inhaler Devices Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges & Opportunities of the Steam Inhaler Devices
Chapter 4: Presenting the Steam Inhaler Devices Market Factor Analysis, Supply/Value Chain, PESTEL analysis, Market Entry, and Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User, and Region/Country 2023 - 2030
Chapter 6: Evaluating the leading manufacturers of the Steam Inhaler Devices market which consists of its Competitive Landscape, Peer Group Analysis, Market positioning & Company Profile
Chapter 7: To evaluate the market by segments, by countries, and by Manufacturers/Companies with revenue share and sales by key countries in these various regions (2023-2030)
Chapters 8 & 9: Displaying the Appendix, Methodology, and Data Source

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Key Questions Answered:

What is the market size and CAGR of the Steam Inhaler Devices Market during the forecast period?
How is the growing demand impacting the growth of Steam Inhaler Devices Market shares?
What is the growing demand of the Market during the forecast period?
Who are the leading vendors in the market and what are their market shares?
What is the impact of the COVID-19 pandemic on the APAC Steam Inhaler Devices Market?

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