Nebulizers Global Market Report 2024 To 2033 | Koninklijke Philips N.V., Vyaire Medical, Inc., Aerogen, Omron Corporation, PARI, GF Health Products, Medline Industries

The Business Research Company recently released a comprehensive report on the Global Nebulizers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The nebulizers market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increased incidence of chronic respiratory diseases, rising healthcare expenditure in emerging economies.

The nebulizers market size is expected to see strong growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing geriatric population, increasing demand for the home healthcare devices such as portable devices, increased acceptance of mesh nebulizers, growing prevalence of covid-19 across the globe, and increased consumption of tobacco and alcohol. Major trends in the forecast period include developing connected nebulizer, focusing on development of light weight portable nebulizers and to focus on vibrating technology to develop new nebulizers and take initiatives to develop products from environmentally friendly products.

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Market Drivers and Trends:

The rising geriatric population across the globe is expected to increase the usage of respiratory care devices including nebulizers over the forecast period. For instance, according to the World Health Organization (WHO), by 2050, the world's population aged 60 years and older is expected to total 2 billion, up from 900 million. According to the United Nations, in 2020, the global population of a person aged 65 years and older was estimated to be 727 million and this number is projected to nearly double to over 1.5 billion in 2050. Elderly people are more susceptible to respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD), sleep apnea, and the recent pandemic COVID-19 for many factors including the gradual decline of immune function. Therefore, a rise in the geriatric population is anticipated to propel the growth of nebulizers market.

Major companies operating in the nebulizers market are receiving FDA approvals for devices such as Smart Nebulizers to increase their profitability in the market. Smart nebulizers are nebulizer devices that use digital technology to enhance how aerosol drugs are delivered to the lungs. For instance, June 2022, Vectura Group Limited, a UK-based pharmaceutical company announced that it received FDA approval for its Smart Nebulizers to enhance pediatric asthma treatment. The smart nebulizers have the ability to effectively distribute the aerosol to the lungs while taking the patient's particular breathing capacity into account. The smart nebulizers may be used to treat respiratory conditions including asthma, bronchitis, sore throats, and both acute and chronic tracheitis.

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Major Key Players of the Market:

Magna International Inc, Lear Corporation, General Motors Co, Aisin Seiki Co ltd, Faurecia SA, Plastic Omnium SA, Grupo Antolín Irausa SA., Mitsubishi Motors Corporation, Autoliv Inc, Paccar Inc, Tata Motors Passenger Vehicles Limited, Ashok Leyland Limited, Eicher Motors Limited, Beml Limited, Jbm Auto Limited, Komatsu India Private Limited, Volvo Group India Private Limited, Flsmidth Private Limited, Daewoo Motors India Limited, Amw Motors Limited, Utkal Automobiles Private Limited, Chongqing Zhidao Machinery Co, Ltd, Shandong Taixing Casting Co., Ltd, Suizhou Fuhua Automobile Trailer Co., Ltd, Potou Jiaohe Hongxing Machinery Factory, Aptiv Plc, Rolls-Royce Plc, Sensata Technologies Holding Plc, Tesla Motors Limited, Perkins Engines Company Limited, Alliance Automotive Procurement Limited, Marelli Automotive Systems UK, Ibc Vehicles Limited, Avtotor, Moskvich, Benteler Automotive Poland Sp. O, Nissens coolers Poland, Umicore Autocat Poland Sp. z o.o, Ford, Chrysler, GM, Toyota, Nissan, Mazda, Honda, Bombardier Inc, Linamar Corporation, Flex-N-Gate Corporation, Martinrea International Inc, Key Safety Systems (KSS), BMW Brazil, DHB Sistemas, Chevrolet, Volkswagen, Iveco, Arabian Automobiles Co. LLC, Geely, AI shirawi LLC, Inkas, Naffco, Manufacturing Commercial Vehicles Co. S.A. E, Cania AB, Mercedes-Benz (Egypt), Innoson Vehicle Manufacturing (IVM), MAN SE

Nebulizers Market 2024 Key Insights:

• The nebulizers market size is expected to see strong growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
• Rising Geriatric Population Fuels Demand For Respiratory Care Devices And Nebulizers
• Fda-Approved Smart Nebulizers Revolutionize Aerosol Drug Delivery For Enhanced Respiratory Care
• North America was the largest region in the nebulizers market in 2023

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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