Global pneumatic nebulizers sales were valued at USD 644.34 Million in 2020. This market is forecast to grow at 6.0% compound annual growth rate (CAGR). Market growth is expected to be driven by the rising incidence of chronic respiratory conditions, growing demand for home healthcare products, and a growing geriatric population. The CDC has published statistics that indicate that asthma affects 18.4 million Americans. All industries have been affected by the COVID-19 pandemic, including the market for pneumatic nebulizers. Patients with COPD or asthma who knew about the possibility of COVID-19 being airborne were cautious about using inhaled medication, as they are considered to be a source of virus transmission and immunosuppression.
All such patients were advised by doctors to use their prescribed inhaled medication, including nebulizers, as usual. The overall impact of COVID-19 was therefore minimal. The availability of small, portable pneumatic nebulizers that are suitable for home use and the technological improvements in these devices to reduce their sound and improve their functionality are driving their popularity in in-home healthcare. These devices are also preferred by third-party payers such as insurance companies because they offer quality healthcare services at a lower cost. These factors will likely increase adoption during the forecast period.
In 2020, the revenue share for the breath-actuated product segment was over 64%. Breath-actuated nebulizers have higher drug delivery capacities and lower dosage wastage. This segment is expected to be the largest in the market for advanced inhalation therapy over the forecast period. Its popularity has been driven by its affordability and ease of integration with vented pneumatic nebulizers. Innovative products are the focus of key players. Ventec Life Systems was approved by the U.S. FDA in April 2017 for VOCSN (510(k), clearance). This device delivers five respiratory therapies, including suction, oxygen, cough, and ventilation.
In 2020, the hospitals and clinics segment was dominant in the market with a 66% revenue share. Hospitals are an important part of the healthcare industry and provide a significant revenue source for the whole sector. Multiple companies spend significant efforts to promote their products/services among hospitals, both in terms marketing strategies and revenue.
Home healthcare devices have seen a lot of popularity in recent years. This has driven the segment growth. Their popularity in home healthcare is increasing due to the availability of small nebulizers that can be used at home and technological advancements that improve their functionality. The rising elderly population and the need for lower healthcare costs are expected to increase home healthcare device adoption.
In 2020, North America was responsible for more than 35.0% of the total revenue. The American Lung Association (ALA) estimates that approximately 24 million Americans suffer from COPD. The growth of the region's market is also being boosted by the increase in the geriatric population. China was the region's largest market in terms of revenue.
Japan's significant increase in geriatric population is driving product demand and supporting regional growth. Asia has a higher burden of COPD than developed Western countries. Japan has 90% of COPD patients who have smoked. It is also expected that countries like India and China will have significant numbers of people suffering from pulmonary disease.
Globally, the market is very competitive. Koninklijke Philips N.V. is the most prominent participant in this market. Omron Corp. and Koninklijke Philips N.V. are key players in product launches, acquisitions and partnerships that give them a competitive advantage over their competitors. In January 2020, OMRON Corp. opened the Automation Center Tokyo (ATC–TOKYO). Customers can now join the company and find solutions to any production problems through this center. The following are some of the most prominent players in the global pneumatic-nebulizers market:
Koninklijke Philips N.V.
Omron Corp.
PARI Pharma
General Electric Company
Allied Healthcare Products, Inc.
BD (Becton, Dickinson & Company).
GF Health Products, Inc.
Medline Industries, Inc.
Briggs Healthcare
Vectura Group Plc
Up Market Research published a new report titled “Pneumatic Nebulizers Market research report which is segmented by Product (Vented, Breath-actuated), by End-use (Home Healthcare, Hospitals & Clinics), By Players/Companies BD (Becton Dickinson & Company), PARI Pharma, Koninklijke Philips NV, General Electric Company, Briggs Healthcare, GF Health Products Inc, Vectura Group Plc, Allied Healthcare Products Inc, Medline Industries Inc, Omron Corp”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Pneumatic Nebulizers Market Research Report |
By Product | Vented, Breath-actuated |
By End-use | Home Healthcare, Hospitals & Clinics |
By Companies | BD (Becton Dickinson & Company), PARI Pharma, Koninklijke Philips NV, General Electric Company, Briggs Healthcare, GF Health Products Inc, Vectura Group Plc, Allied Healthcare Products Inc, Medline Industries Inc, Omron Corp |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 225 |
Number of Tables & Figures | 158 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Vented, Breath-actuated), by End-use (Home Healthcare, Hospitals & Clinics).
Pneumatic Nebulizers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Pneumatic Nebulizers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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