The latest report by IMARC Group, titled “Nebulizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, finds that the global nebulizers market reached a value of US$ 1.67 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026. Nebulizers are medical devices used for the direct delivery of medication into the human respiratory system. These electric or battery-powered machines convert the liquid drug into an aerosol form of mist or fine spray by utilizing compressed air. The essential components of a nebulizer include an air compressor, compressor tubing, nebulizer cup and a facemask or mouthpiece for inhaling. Nebulizers are generally prescribed to people suffering from a chronic progressive condition of lung disorders such as chronic bronchitis, pneumonia, and asthma. Nowadays, several types of nebulizers are used in hospitals, clinics and homes as they are cost-effective, user-friendly and provide immediate relief and long-lasting effect.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
Global Nebulizer Market Trends:
Based on the global nebulizer market research, hectic and stressful lifestyles have stimulated the rate of tobacco consumption, particularly in developing countries. This trend, along with the growing geriatric population and rising air pollution levels, has led to the increasing prevalence of chronic respiratory diseases, such as asthma and cystic fibrosis, in turn, boosting the demand for nebulizers across the globe. Also, various healthcare organizations are taking initiatives to improve the awareness of and access to respiratory care devices such as nebulizers among patients. Moreover, the leading pharmaceutical companies are introducing ultrasonic nebulizers with enhanced functionality, high efficiency, increased portability and drug exposure, and low drug delivery time for people who are unable to breathe deeply.
Key Market Segmentation:
Some of the major players operating in the industry include:
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