Wilmington, Delaware, United States, March 15, 2023 (GLOBE NEWSWIRE) -- According to the latest market report by Transparency Market Research, the global ultrasonic nebulizers market size is projected to expand at a CAGR of 5.4% from 2022 to 2031.
Cases of various respiratory diseases, such as COPD, cystic fibrosis, and asthma, have increased across the globe in the last few years. According to statistics by the World Health Organization (WHO), approximately 235 million individuals were suffering from asthma globally, while a projected 384 million population was living with COPD in 2021. Furthermore, cases of cystic fibrosis are on the rise, with about 70,000 incidents reported worldwide in 2021. These factors are expected to drive the demand for ultrasonic nebulizers in the next few years.
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Ultrasonic Nebulizers Market: Key Players
- OMRON Healthcare, Inc.
- Koninklijke Philips N.V
- Invacare Corporation
- Drive Medical
- Agilent Technologies, Inc.
- Medline Industries
- Mercury Medical
- Inspired Medical
- AireHealth
- Besmed
Global Ultrasonic Nebulizers Market: Key Findings
- Asthma refers to a severe respiratory disorder that has impacted lives of millions of individuals globally. Rise in number of asthma patients has fueled the demand for effectual treatment solutions, such as ultrasonic nebulizers. These devices are gaining popularity among asthma patients owing to their ability to efficiently breaking down medication into small particles, making them easy to inhale. As per the TMR market trends analysis, the asthma application segment is anticipated to hold a larger share of the global industry during the forecast period.
- Medications of several respiratory disorders such as asthma, COPD, and other conditions are widely offered in nebulized forms so that patients can easily take their medication outside of critical care settings, such as hospitals and clinics. Leading manufacturers are increasingly focusing on incorporation of technological advancements in their products in order to make them more patient-friendly as well as portable, thereby supporting the market development.
- Geriatric people are at higher risk of different health conditions, including respiratory disorders. As per the United Nations, the global population with age 60 and above is anticipated to rise to reach 2.1 billion by 2050, from 962 million in 2017. Thus, rise in elderly populace across the globe is estimated to boost the demand for ultrasonic inhaler nebulizers in the upcoming years.
- Usage of large-volume ultrasonic nebulizers has risen in hospitals and clinics in the last few years. These devices are increasingly being utilized in the treatment of respiratory diseases owing to their ability to create high output of medication in minimum time. As per the TMR research report, the large-volume ultrasonic nebulizer size segment accounted for substantial share of the global industry in 2021. The segment is likely to expand at significant pace during the forecast period owing to increase in number of cases of asthma, cystic fibrosis, and COPD.
- Adoption of home healthcare has risen in the last few years, as awareness about its advantages has increased among the global population. Moreover, several insurance companies are providing coverage for different respiratory disorders. These factors are likely to help in market development in the next few years.
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Global Ultrasonic Nebulizers Market: Growth Drivers
- Increase in prevalence of COPD and asthma across the globe presents significant business opportunities for manufacturers of ultrasonic nebulizers
- Rise in cases of respiratory disorders in geriatric populace is expected to propel market growth in the next few years
Regional Analysis
- North America accounted for 40.0% share of the global market in 2021. It is anticipated to continue its dominance during the forecast period owing to rise in cases of respiratory disorders, such as asthma and COPD.
- The market in Asia Pacific is likely to expand at rapid pace during the forecast period owing to rise in population and increase in cases of respiratory diseases
Ultrasonic Nebulizers Market: Competition Landscape
- Players are investing heavily in R&D activities in order to develop next-generation devices
- They are adopting strategies, such as product launches, mergers, and acquisitions, to increase their market share
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Global Ultrasonic Nebulizers Market Segmentation
Size
- Small-volume Ultrasonic Nebulizer
- Large-volume Ultrasonic Nebulizer
Application
- COPD
- Asthma
- Cystic Fibrosis
- Others
End-user
- Hospitals
- Specialty Clinics
- Others
Regions Covered
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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