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Inhalers and Nebulizers Market Size, Industry Share | Forecast 2023
The global inhalers and nebulizers market size was valued at USD 5,976.3 million in 2022 and is poised to grow at a significant CAGR of 13.2% during the forecast period 2023-29. The primary drivers of the expansion of the global inhalers and nebulizers market include the rising prevalence of asthma and chronic respiratory disorders, increasing consumption of cigarettes, advancement in technology, and high adoption rate of inhalers. The global inhalers and nebulizers market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.
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The global inhalers and nebulizers market segmentation:
1) By Product Type: Jet Nebulizer, Ultrasonic Nebulizer, Mesh Nebulizer, and Others.
2) Modality: Portable and Table-top
3) End User: Hospitals, Clinics, Homecare Settings, and Others.
Based on product type, the global inhalers and nebulizers market is segmented into jet nebulizers, ultrasonic nebulizers, mesh nebulizers, and others. The jet nebulizers segment is expected to account for a larger revenue share in the global inhalers and nebulizers market, with a value share worldwide. Nebulization devices with jet technology for delivering aerosolized medications are normally used for respiratory problems due to lower costs, and safety. Hence, this device has a high adoption rate and ample demand worldwide.
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North America is expected to increase in the global inhalers and nebulizers market over the forecast period. North America is expanding in the global inhalers and nebulizers market as a result of the increasing prevalence of asthma, and other chronic respiratory conditions, along with the increasing adoption rate of advanced portable inhalers in the region. Asia Specific held considerable market share during the estimated period owing to the rising prevalence of chronic respiratory diseases, improving healthcare infrastructure, and the growing number of medical device companies in the emerging countries in this region.
The inhalers and nebulizers market report key players are Adherium Limited, Cohero Health Inc., AstraZeneca, Inc., Cognita Labs, LLC, GlaxoSmithKline Plc, Novartis AG, OPKO Health Inc., Philip Morris International Inc., Resmed Inc., Teva Pharmaceutical Industries, and Omron Healthcare.
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