Global Nebulizers Market India Driven Rise in Geriatric Population to Exhibit 25.8% CAGR during 2015-2023

Market Research Reports Search Engine (MRRSE) has added a new report to its repository. The report, titled “Nebulizers Market: (Product Type- Pneumatic Nebulizers, Ultrasonic Nebulizers, Mesh Nebulizers and Nebulizer Kits; Zone- North Zone, South Zone, East Zone, West Zone and Central Zone) - India Industry Analysis, Size, Share, Growth, Trends, Volume, and Forecast 2015 - 2023,” offers a comprehensive analysis of the India nebulizers market and analyzes the key factors governing the growth of the market during the period between 2015 and 2023. The report projects the India nebulizers market to expand robustly at a CAGR of 25.8% during the period between 2015 and 2023. The overall market stood at a valuation of US$575.6 mn in 2014 and is anticipated to be worth US$4,703.4 mn by 2023.

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A nebulizer is usually battery operated or electrically powered and is used to convert liquid medication into aerosol or mist that can easily reach into the lungs of a patient when inhaled through a face mask or a mouthpiece. The growing prevalence of chronic respiratory diseases such as cystic fibrosis, asthma, and chronic obstructive pulmonary disease (COPD) has boosted the growth of the India nebulizers market. The elderly population is more prone to developing respiratory diseases. Rise in geriatric population in India has further supported the growth of the nebulizers market. However, drug loss during dosage delivery might hamper the usage of nebulizers. Nevertheless, the overall market has a huge opportunity to grow with the utilization of innovative products in new clinical applications.

On the basis of product type, the report segments the India nebulizers market into ultrasonic nebulizers, mesh nebulizers, nebulizers kit, and pneumatic nebulizers. Pneumatic nebulizers accounted for 68% of the market in 2014 and are the most widely used nebulizers. Mesh nebulizers registered the highest CAGR in the India nebulizers market due to their efficiency and fast drug delivery.

Geographically, the report divides the India nebulizers market into five zones: North zone, south zone, east zone, west zone, and central zone. In 2014, the north zone was the largest market for nebulizers and held 35.60% of the overall market in terms of revenue. The growing prevalence of respiratory diseases in cities such as New Delhi due to environmental pollution has fuelled the demand for nebulizers. The nebulizers market in south zone is growing at a constant rate with Chennai and Bangalore contributing significantly towards the growth of the market.

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Describing the competitive landscape, the report profiles some of the key players in the India nebulizers market such as Omron Healthcare, CareFusion (BD), Agilent Technologies Inc., Morepen Laboratories Ltd., NuLife (MRK Healthcare Pvt. Ltd.), DeVilbiss Healthcare LLC, Philips Healthcare, and PARI Respiratory Equipment Inc. In 2014, Omron Healthcare dominated the India nebulizers market owing to broad product portfolio and high market penetration. Philips Healthcare was the second leading player in the market in 2014.

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