Wednesday, 25 October 2017

Pneumatic Nebulizers Market to witness growth of 6% from 2016 to 2023

The medical report on Pneumatic Nebulizers Market by Global Market Insights, Inc., says that the market is estimated to witness a CAGR of 6% over the period of 2016-2023, surpassing USD 1 billion by 2023. The dramatic rise in the prevalence of allergic diseases and respiratory disorders has remarkably impacted the growth of pneumatic nebulizers market.

The significant rise in the global geriatric population base has also been an important factor favoring the demand for these products as the elderly population is more prone to developing chronic obstructive pulmonary disease (COPD) and asthma. According to Centers for Disease Control and Prevention, the incidence of chronic obstructive pulmonary disease raised from 3.2% for people aged between 18-44 years to over 11.6% among those above 65 years of age. Rapid technological advancements and changing lifestyles are also the supporting factors for the rapid expansion of the global pneumatic nebulizers industry.

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Considering the regional landscape, Asia Pacific pneumatic nebulizers market is one of the major continents showing commendable growth with a CAGR of 8% over the coming period of 2016-2023. Increasing patient pool, changing lifestyles, and rapidly aging population in Japan, China, and India are the major factors driving the regional pneumatic nebulizers market. China is estimated to be the fastest growing region at a growth rate of 9.1% over the analysis period from 2016-2023, which is then followed by India and Japan. In response to the rising prevalence of respiratory disorders in the developing countries, the vented type of pneumatic nebulizers is expected to gain prominence, owing to its cost-effectiveness and easy integration with other devices. Vented pneumatic nebulizers industry size in terms of volume is anticipated to surpass 7.5 million units and exceed USD 700 million by 2023 in terms of revenue.

Browse key industry insights spread across 190 pages with 144 market data tables & 46 figures & charts from the report, “Pneumatic Nebulizers Market Size By Product (Breath-Actuated, Vented), By Application (Tabletop, Portable), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Japan, China, India, South Africa, Brazil, Mexico), Unit Shipments, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:

The worldwide pneumatic nebulizers industry is poised to witness several technological advancements with respect to portability, ease of use, size of the device, and operationality. With the advent of rechargeable batteries, there has been a significant rise in the demand of mobile and portable products. Increasing demand for bronchodilator or corticosteroid combination therapies have stimulated the growth of portable nebulizers market, expected to register a CAGR of 7.5% over 2016-2023. 

In 2011, over 10 million people in the United States suffered from chronic bronchitis and more than 24 million adults were diagnosed with COPD, as per reports by the American Lung Association. Rising awareness toward respiratory diseases and rapid adoption of technologically advanced products has propelled U.S. pneumatic nebulizers industry share which stood at USD 200 million in 2015. Moreover, favorable reimbursement scenario and government initiatives to encourage early diagnosis and treatment of respiratory diseases have positively influenced the region market growth.

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The key industry participants accumulating significant pneumatic nebulizers industry share include Omron Corporation, DeVilbiss Healthcare, Philips Respironics, Becton, Salter Labs, Dickinson and Company, Heyer Medial AG, and PARI Medical Ltd.

Therapeutic Respiratory Devices Market Size By Product (Nebulizers, Humidifiers, Oxygen Concentrators, Ventilators, Gas Analyzers, Capnographs), By Technology (Electrostatic Filtration, HEPA, Hollow Fiber Filtration, Microsphere Separation), By Filters (Nebulizer, Humidifier, Positive Airway Pressure Device, Oxygen Concentrator, Ventilator Filters), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Switzerland, France, Italy, Spain, China, India, Japan, Brazil, Mexico, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

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