Market Research Future (MRFR)’s study claims favorable prospects for the nebulizers market 2020, as it is on its way to accrue a CAGR of 7.32% between 2020 and 2027 (appraisal period). We will provide COVID-19 impact analysis with the report, along with all the latest developments in the global market following the coronavirus disease outbreak.
The COVID-19 pandemic has been a huge opportunity for the nebulizers market. Since the advent of SARS-CoV-2, albuterol inhalers’ consumption in hospitals has increased dramatically to treat suspected patients dealing with respiratory problems. Respiratory virus such as COVID-19 is considered to be an extremely common inducer of asthma/respiratory exacerbations, which makes the current worldwide lockdown redundant as the pandemic is still on a rise. Elderly population is comparatively more prone to respiratory issues including sleep apnea, Chronic Obstructive Pulmonary Disease (COPD), and the novel coronavirus. The virus leads to gradual depletion of the body’s immunity. In a nutshell, MRFR believes that the expansive geriatric populace worldwide can work in the market’s favor in the coming time.
Drug wastage has however emerged as big challenge when it comes to the device usage. As a result, a number of firms are developing new and advanced nebulizers to address this issue. There is a noticeable growth in technologically innovative nebulizers such as breath-actuated, vibrating mesh and breath-enhanced nebulizers that not only bring down drug wastage but also boost the efficiency of the overall drug delivery.
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These new nebulizers being introduced in the market are known for enhancing the output rate and in contrast, reduce the whole administration period. Apart from this, the rising preference for home healthcare devices combined with the alarming rise in consumption of cigarettes, tobacco and alcohol that cause respiratory diseases is also presumed to benefit the nebulizers market.
Companies Profiled
Braun Melsungen AG (Germany), Invacare Corporation (US), Drive DeVilbiss Healthcare (US), Briggs Healthcare (US), GF Health Products, Inc. (US), PARI (US), Agilent Technologies Inc. (US), Koninklijke Philips N.V. (Netherlands), OMRON Healthcare (Japan), Vectura Group PLC (UK), Beurer GmBH (Germany), Rossmax International Ltd (Taiwan), are the prominent firms in the global market.
Segmentation Analysis
The nebulizers industry has been dissected with respect to Type, Usage, Portability along with End user.
- The Nebulizer Types that are available in the global market are jet, ultrasonic as well as mesh. The types of mesh nebulizers include passive and active. From the main types of nebulizers, the jet types should procure the top position over the following years since they are far more cost-effective compared to other types in the market and should therefore, note higher demand.
- Usage-wise, the major segments can be reusable and disposable. Out of these, the leading spot has been secured by disposable nebulizers, as these witness significant demand given the provision of reduced infection rate as well as wastage.
- Portable and Tabletop are identified as the main segments, as per portability. The portable nebulizers market has been progressing at the fastest pace, thanks to its convenient coupled with ease of use.
- Home care, along with hospitals & clinics are the industry End-users covered in the MRFR study. In light of the expanding patient base, hospitals and clinics have emerged as the leading segment in the market. But it is likely that the homecare segment will achieve the fastest growth rate in the years ahead.
Regional Insight
Europe/EU, Middle East and Africa/MEA, the Americas and Asia Pacific/APAC are the primary markets for nebulizers.
The Americas is the clear winner in the global market, in terms of growth. Thanks to the escalating cases of respiratory disorders along with the supportive reimbursement schemes, the market can garner even more profits in the years to come. The scarcity of mechanical ventilators since the COVID-19 outbreak has compelled biomedical engineers as well as scientists to develop makeshift ventilators with the use of respiratory tools such as nebulizers, oxygen concentrators, manual resuscitators, PAP, and others, which could also be favorable for the market.
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As of 2018, the European market for nebulizers stood second and could advance at a strong rate in the coming years as well. The market here is quite lucrative, as a result of the fast-expanding elderly population. To elaborate, a latest study by the European Union claimed that close to 29.6% of the total populace in Europe are aged more than 65. Besides, the market continues to observe a rise in the number of technological innovations and introduction of highly advanced nebulizers, which is yet another growth inducer in the region.
As the fastest advancing market, APAC is strongly backed by the disconcerting surge in cases of respiratory disorder. The market is picking up further speed in the region, thanks to the expanding geriatric population, rising emphasis on preventive care, and a supportive government that encourages technological advancements.
The global “Ventilators Market”, size is estimated to gain momentum on account of the increasing number of ICU admissions that require mechanical ventilation.
This is further attributed to the growing prevalence of chronic diseases that requires critical care equipment such as incubators, ventilator, and other devices.
Most of the businesses are at a halt and the ones that are running through minimum contact medium, are scantily drawing bare minimum revenues.
However, we hope to overcome this situation soon with the government support.
We validated the approximate market number with the help of primary research.
At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.It offers figurative estimations for upcoming years on the basis of the recent developments and historic data.
Transparency Market Research (TMR) has published a new report titled, ‘Mechanical Ventilators Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global mechanical ventilators market was valued at US$ 1.9 Bn in 2018 and is projected to expand at a CAGR of above 12.8% from 2019 to 2027.Read Report Overview - https://www.transparencymarketresearch.com/mechanical-ventilators-market.htmlOverviewMechanical ventilation refers to artificial breathing devices that are utilized by patients that are unable to breathe naturally due to acute medical conditions.Technological innovations in the last few decades have revolutionized the mechanical ventilators market, in terms of usage settings of these devices.
Development in the technology and design of ventilators has expanded the use of mechanical ventilators not only in hospitals, but also in transport and home care settings.North America dominated the global mechanical ventilators market in2018 and the trend is anticipated to continue during the forecast period.
Quick adoption of advanced product and strong government support in terms of investment is boosting the growth of mechanical ventilators market in North America.However, Asia Pacific is likely to be a highly lucrative market for mechanical ventilators and it is expected to expand at a high CAGR during the forecast periodRequest Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1397Technological Advancement – Drives the MarketCritical care ventilators have undergone extensive evolution in their design, safety, and efficiency since their introduction.
Integration of high-speed signal processing and on-board intelligent firmware in mechanical ventilation have resulted in offering certain clinical benefits such as faster weaning, better gas exchange and oxygenation, least damage to lungs, lesser side-effects, and minimal adverse effect on systemic and pulmonary circulation.Ventilator manufacturers and assemblers in developing countries, such as India and China, have increased their efforts toward creating low-cost non-invasive ventilation solutions in order to cater to the local needs and bring flexibility in patient care.Small local players are efficiently catering to the customization needs of their local markets through collaborations and partnerships, which the global companies do not find as a monetarily viable option.
Critical Care Ventilators Segment to Dominate MarketBased on product, the critical care ventilators segment accounted for the largest share of the mechanical ventilators market in2018, rapid rise in the geriatric population, increase in incidence of chronic obstructive pulmonary disease and other respiratory emergencies, and technological innovation in respiratory care devices are major factors that are expected to drive the segment during the forecast periodRequest COVID Analysis on Mechanical Ventilators Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=1397Non-invasive Ventilators Segment to Dominate MarketIn terms of interface, noninvasive ventilators segment accounted for a dominant share of the market in 2018.
