The surge in pollution levels globally resulting in a growing number of respiratory disorders would drive the pneumatic nebulizers market growth.
The surge in pollution levels globally resulting in a growing number of respiratory disorders would drive the pneumatic nebulizers market growth. As per ODPHP, currently, there are more than 25 million people in the U.S. who are suffering from asthma, and nearly 14.8 million adults have been diagnosed with chronic obstructive pulmonary disease (COPD).
The high prevalence of respiratory disorders and morbidity especially in the elderly and pediatric population is highly associated with the changing meteorological factors and air pollution. The drastic change in climate and environment affecting air pollution could lead to high vulnerability to respiratory diseases, which will eventually create substantial demand for pneumatic nebulizers in the coming years.
According to a Global Market Insights, Inc., analysis, pneumatic nebulizers market size will exceed US$875 million by 2024. Described below are some key factors propelling industry expansion.
Incorporation of sophisticated technology in pneumatic nebulizers
Technological sophistication in pneumatic nebulizer such as the introduction of electronic displays to monitor patient’s breathing rate will spur business growth. Other developments include Akita2 Apixneb, which enables highly efficient and advanced vibrating mesh for releasing drug dosage with the proper breathing of the patient.
The incorporation of such advancements in pneumatic nebulizers will trigger high customer preference for these medical devices. Reportedly, Becton, Dickinson, and Company in October 2016, joined hands with Apax Partners in a joint venture to expand their respiratory business globally. The strategic venture was focused on enhancing the company’s geographical reach and to expand its product portfolio.
Robust demand for vented and breath actuated nebulizer
The annual valuation of the vented pneumatic nebulizers product segment was nearly US$243.8 million in 2017. Easy availability and cost-effectiveness of vented pneumatic nebulizers would fuel-up its adoption rate among patients suffering from respiratory illness. Additionally, the higher compatibility of nebulizers with a wide range of compressors increasing its widespread usability will further augment demand in the upcoming years.
On the other hand, the breath actuated pneumatic nebulizers systems category in 2017 held the majority of the market share and is poised to expand significantly through 2024.
To access sample pages of this report titled, “Pneumatic Nebulizers Market Size By Product (Vented {Tabletop, Portable}, Breath-Actuated {Tabletop, Portable}) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/625
Rising number of COPD and geriatric populations in Canada and Japan
The growing trend of tobacco smoking among people in Canada resulting in a rising number of COPD would augment demand for the product. As COPD is considered the fourth major cause of mortality, the ability of pneumatic nebulizers which helps in treating respiratory disorders would augment its adoption rate among the Canadian population. Notably, Canada pneumatic nebulizers market share is projected to flourish at a 5.7% CAGR up to 2024.
Japan pneumatic nebulizers industry with a revenue share of 36.9% dominated the Asia Pacific market in 2017. The regional market size expansion will majorly be driven by the rapid adoption of technologically sophisticated products in the country. The existence of a large number of geriatric populations along with surging pollution levels will foster pneumatic nebulizer business growth in the region.
Prominent companies functioning in the global pneumatic nebulizers market include Philips Respironics, Omron Corporation, Dickinson and Company, DeVilbiss Healthcare, and Becton. These notable firms are emphasizing on developing novel products and strategic acquisitions to grab growth opportunities in the industry.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com