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The global nebulizer market size is expected to exhibit strong growth by reaching USD 1,275.1 million by 2030, exhibiting a CAGR of 5.2% during the forecast period. Fortune Business Insights™ in its report titled “Nebulizer Market Size, Share, and COVID-19 Impact Analysis, By Type (Jet Nebulizer, Ultrasonic Nebulizer, and Mesh Nebulizer), By Modality (Table-top, and Portable), By End-user (Hospitals, Clinics, and Homecare Settings), and Regional Forecasts, 2023-2030” observes that the market size in 2022 stood at USD 863.4 million and touched USD 897.0 million in 2023. Rising respiratory disorders and strong demand for innovative respiratory drug delivery may enhance the industry’s growth.
OMRON Healthcare, Inc. Undertook the Expansion of its Prescription-Grade Nebulizers to Expand Market Reach
OMRON Healthcare, Inc. undertook the expansion of its prescription-grade nebulizers in October 2020. The product is quiet, compact, portable, and allows patients to manage Chronic Obstructive Pulmonary Disease (COPD) and asthma. This strategy may enable the company to enhance its brand image.
Increasing Respiratory Disorders to Foster Market Growth
Nebulizers are drug delivery devices responsible for delivering medicines in the form of a mist in the lungs. Increasing respiratory disorders may foster the adoption of medical devices. For example, as per the Asthma and Allergy Foundation of America’s strategy, in April 2022, nearly 25.0 million people in the U.S. suffered from asthma. Rising pollution, poor air quality, and the presence of several factories may elevate the adoption of the device. Further, increasing healthcare costs bolstered the adoption of home healthcare services, thereby elevating this industry’s progress. In addition, strong adoption of inhaled drug delivery devices may drive the nebulizer market growth.
Major Players Deploy Collaborations to Boost their Brand Image
The key players operating in the market deploy acquisition strategies to elevate their brand image. For example, PARI GmbH partnered with TWT Digital Health (TWT) in July 2021 to develop the PARI connect application. This application also offers Bluetooth communication with the eTrack controller, a controller unit for PARI’s eFlow Technology nebulizer. Further, numerous players deploy mergers, novel product launches, partnerships, research & development, acquisitions, innovations, and industrial automation to enhance their market position.
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Notable Industry Development
List of Key Players Profiled in the Report
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 5.2% from 2023-2030 |
Unit | Value (USD million) |
Segmentation | Type, Modality, End-user, and Region |
By Type |
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By Modality |
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By End-user |
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By Geography |
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