According to the report analysis, ‘Global Nebulizer Market: Drivers, Restraints and Opportunities, Trends and Forecasts to 2023’ states that there are several key players which are recently functioning in this sector more effectively for attaining the highest market share across the globe with the significant development in the technology which produced effective quality of the productivity includes Medtronic Plc, Becton Dickinson and Company, Omron Corp., PARI Medical Holding GmbH., Philips Healthcare, Salter Labs Inc.,Drive DeVilbiss Healthcare Ltd, Nidek Medical India, GF Heath Products, Inc., and several others. Whereas, according to WHO, in 2016, around 15.7 million people suffered from COPD in the US, a 6.4% upsurge in the occurrence rate when compared to 2015.Moreover, a lot of new players are aiming on emerging smart devices to deliver real-time end-to-end services and to attain the future business prospects. Many of the major players in the market are introducing the new products to manage their leadership in the market. Apart from this, the big players are attaining the small companies in the market to improve their product portfolio and manage their market leadership.
The respiratory diseases are one of the world’s prevalent health concerns, causing one-sixth of all deaths across the globe. Nebulizers are one of the devices that are utilized for provide liquid drugs in the form of the mist. The nebulizers mainly discover its application in chronic obstructive pulmonary disease (COPD), pneumonia, asthma and several others. The requirement for the nebulizers is anticipated to rise for COPD in the future owing to the increasing occurrence of the disease. In addition, the market of nebulizers is increasing owing to growing prevalence of the respiratory diseases, increasing geriatric population, growing demand for the home care therapeutic devices, favorable reimbursement, technological advancements and several others. Furthermore, the key players of this market are playing an important role by doing effective developments in the technology for increasing the demand across the globe which further proved to be beneficial for leading the highest market growth with the handsome amount of share in the coming years.
Although, The Global Nebulizers Market is projected to witness a significant CAGR of 6.4% during the forecast period of 2017-2023. Whereas, the global market of nebulizer is segmented into product types, end-users, and regions. On the basis region, the market of nebulizer is spread across the globe which majorly includes North America, Europe, Asia Pacific, and Rest of the World (RoW). For instance, the Americas is set to be the prominent region for the nebulizer’s market growth followed by Europe. India, China, and Japan are set to be the most eye-catching destinations owing to the large untapped market.
Rigorous government regulations for the approval, compulsory licensing for the practitioners, and the obtain ability of alternatives are some of the factors hindering the market growth. Whereas, the nebulizers market is boosting owing to increasing occurrence of respiratory diseases, favorable reimbursement, growing geriatric population, technological advancements, and rising requirement for home care therapeutic devices. Therefore, in the near future, it is expected that the market of nebulizer will increase across the globe over the recent few years.
Ankur Gupta, Head Marketing & Communications