Inhalation Therapy Nebulizer Market Global Forecast to 2029 | DataMIntelligence

Inhalation Therapy Nebulizer Market Global Forecast to 2029 | DataMIntelligence
DataM Intelligence
The Global Inhalation Therapy Nebulizer Market is expected to grow at a high CAGR of 7.1% during the forecast period (2022-2029)

Market Overview   

Inhalation therapy nebulizer is a medical device that converts the drug into mist and delivers it directly to the lungs. The inhalation therapy nebulization technique is commonly used to treat respiratory diseases, including asthma, cystic fibrosis, and COPD. Various devices are used for nebulization. The devices that are rechargeable and electrically powered are most widely used.

 

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Market Dynamics

The global inhalation therapy nebulizer market growth is driven by the growing incidence of chronic respiratory diseases, increasing demand for home healthcare devices, and rising geriatric population base are among the key factors driving the market growth.

The increasing prevalence of chronic respiratory diseases is expected to drive growth in the forecast period.

The increasing prevalence of chronic respiratory diseases, increasing demand for home healthcare devices, and rising geriatric population base drive the market growth. Nebulizers are respiratory drug delivery devices that transform liquid medications into aerosols (liquid particles in a gas). The drug is converted into a mist that can be directly delivered to the patient’s lungs. The rising incidences of chronic respiratory diseases and rapid technological advances are among the key factors driving the usage of nebulizers. The adoption is also increasing, due to the demand for new technologies with higher quality, smaller size, lighter weight, and ease of accessibility, by the patients. Thus, the increasing demand for these devices is driving the market’s growth.

Side effects associated with drug inhalation are likely to hinder market growth.

However, complications and side-effects associated with drug inhalation, unavailability of a single effective inhaler device and lack of awareness are restraining the market.

 

Market Segmentation:

By Type

l Mesh Nebulizer

l Pneumatic Nebulizer

l Ultrasonic Nebulizer

l Jet nebulizers

 

By Applications

l Asthma

l COPD

l Cystic fibrosis

l Other

 

By Distribution Channel

l Hospital Pharmacy

l Pharmacy Stores

l Other

 

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Competitive Landscape

The inhalation therapy nebulizer market is moderately competitive with the presence of local as well as global companies.  Some of the key players which are contributing to the growth of the market include Rossmax International Ltd., OMRON Corporation, Koninklijke Philips N.V., PARI Pharma, BD, Medline Industries, Inc., Briggs Healthcare, GF Health Products, Inc., Vectura Group plc, Beurer GmBH among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which contribute to the growth of the inhalation therapy nebulizer market globally.   

 

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