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Mucosal Atomization Devices Market 2024-2033 - Growth, Trends & Competitive Analysis
Mucosal Atomization Devices Market
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According to The Business Research Company's, The mucosal atomization devices market size has grown strongly in recent years. It will grow from $0.79 billion in 2023 to $0.87 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to emergency medicine, anesthesia, pediatric care, pain management, dental procedures.
The mucosal atomization devices market size is expected to see strong growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to chronic diseases, telemedicine, precision medicine, cosmetic procedures, patient comfort, autonomous vehicles. Major trends in the forecast period include sustainable and eco-friendly practices, digital mortuary management, green burial options, remote viewing and streaming services, hybrid funeral services.
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Market Drivers and Trends:
The increase in prevalence of allergic rhinitis across the world propels the growth of the mucosal atomization devices market. Allergic rhinitis refers to a range of symptoms that affect the nose and are brought by breathing allergens such as pollen, dust, or animal dander. Mucosal atomization devices are used to provide budesonide as a topical nasal steroid spray in chronic rhinosinusitis treatment. According to the Allergy Capital Report 2022, one of the most common allergic conditions is seasonal allergic rhinitis, often called hay fever. About 7.7% of adults and 7.2% of children have been diagnosed with seasonal allergic rhinitis in the United States . Therefore, the increasing prevalence of allergic rhinitis across the world drives the growth of the mucosal atomization devices market.
The strategic partnerships are key trends gaining popularity in the mucosal atomization devices market. Major companies operating in mucosal atomization devices are undergoing partnerships to strengthen their position in the market. For instance, in October 2021, Pulmodyne Inc., a US-based company that provides drug atomization delivery, partnered with Alcove Manufacturing and Distribution Inc., a UK-based company with this partnership, The EZ-Spray Atomization System will start to be distributed by Pulmodyne through its current channels. The cooperation aims to advance industry innovation in addition to distribution, and this connection will enable the two seasoned businesses to quickly optimize product designs.
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Major Key Players of the Market:
Teleflex Incorporated, DeVilbiss Healthcare LLC, Becton Dickinson and Company, Cook Medical LLC, Medica Holdings LLC, Life-Assist Inc., Pulmodyne Inc., Alcove Manufacturing and Distribution Inc., LMA North America Inc., Medline Industries Inc., Medtronic plc, Smiths Medical Inc., Vyaire Medical Inc., Westmed Inc., Mercury Medical, SunMed LLC, Salter Labs, Armstrong Medical Industries Inc., VBM Medizintechnik GmbH, Intersurgical Ltd., Flexicare Medical Limited, Medovations Inc., Medis Medical Imaging Systems, Medisize BV, Atom Medical Corporation, BLS Systems Limited, Bona Pharma Inc., Central Admixture Pharmacy Services Inc., Dali Medical Devices Co. Ltd., Dynarex Corporation
Mucosal Atomization Devices Market 2024 Key Insights:
• The mucosal atomization devices market size is expected to see strong growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.
• Rising Prevalence Of Allergic Rhinitis Drives Growth Of Mucosal Atomization Devices Market
• Pulmodyne Inc. And Alcove Manufacturing And Distribution Inc. Partner To Revolutionize Mucosal Atomization Devices Market
• North America was the largest region in the mucosal atomization devices market in 2023
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