Nebulizer System Market to Register Significant CAGR of 6.16% through 2026
Rising prevalence of respiratory diseases is expected to drive global nebulizer system market.
According to TechSci Research report, “Global Nebulizer System Market By Product Type (Jet Nebulizer System, Mesh Nebulizer System, Ultrasonic Nebulizer System), By Accessories (Main Apparatus v/s Others), By Sales channel (Offline v/s Online), By End Use (Hospitals & Clinics, Ambulatory & Emergency Centers, Homecare), By Region, Forecast & Opportunities, 2026”, the global nebulizer system market stood at USD1755.59 million in 2020 and is anticipated to grow at a steady rate of 6.16% in the forecast period 2022-2026. This can be attributed to the widespread adoption of nebulizer system for drug delivery in respiratory ailments owing to their small size, light weight, ease of use, among others.
Additionally, growing healthcare awareness and per capita health expenditure across different countries are further expected to fuel the market growth during the forecast period. Besides, increasing air pollution has led to an increase in the prevalence of different respiratory problems, thereby driving the market growth. Furthermore, growing popularity of home nebulization is further expected to foster the market growth over the next five years. However, stringent government regulations for product approval and mandatory licensing for practitioners might restrict the market growth over the next few years. Also, availability of alternatives might hamper the growth of global nebulizer systems market.
Browse 137 market Figures spread through 110 Pages and an in-depth TOC on “Global Nebulizer System Market”
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The global nebulizer systems market is segmented based on product type, accessories, sales channel, end user, company and region. Based on type, the market is segmented into jet nebulizer systems, mesh nebulizer systems and ultrasonic nebulizer. Among them, the jet nebulizer segment dominated the market in 2020 with an overall market share of around 55.34% owing to their low cost. However, mesh nebulizers are anticipated to gain high traction during the forecast period owing to their portability and ease of use. They are technological advanced, compact size devices, which minimize the drug loss.
Major players operating in the global nebulizer systems market include Rossmax International Ltd., Koninklijke Philips N.V., DeVillbiss Healthcare, LLC, Omron Corporation, Pari GmbH, Allied Healthcare Products, Inc., Invacare Corporation, Vectura Group plc, Henry Schein, Inc. and Teleflex Inc. The companies are adopting strategies such as new product development and collaborations to increase their market share.
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“Asia Pacific is expected to witness the highest growth during the forecast period owing to the increasing geriatric population base especially in countries like Japan, China and India. Additionally, China and India are world’s two highly populated countries which have a large patient population suffering from various respiratory diseases. This in turn is expected to fuel the market growth through 2026. Also, major companies are expanding in the region by establishing their manufacturing units and subsidiaries in the region, thereby fueling the market growth over the next five years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Nebulizer System Market By Product Type (Jet Nebulizer System, Mesh Nebulizer System, Ultrasonic Nebulizer System), By Accessories (Main Apparatus v/s Others), By Sales channel (Offline v/s Online), By End Use (Hospitals & Clinics, Ambulatory & Emergency Centers, Homecare), By Region, Forecast & Opportunities, 2026”has evaluated the future growth potential of global nebulizer system market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global nebulizer system market.
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