A noticeable increase in the prevalence of chronic obstructive pulmonary disease (COPD) and asthma will lay the foundation for the steady growth of the global nebulizers market over the next three years, says Transparency Market Research in its latest report. The report is titled ‘Nebulizers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.’ Another factor that will support the growth of the global nebulizers market is the adoption of government initiatives to reduce the prevalence of respiratory diseases. This trend has been brought about by the increasing healthcare burden of conditions such as asthma and COPD among patients in developing countries.
The report states that nebulizers constituted a global market worth US$610.0 mn in 2012 and will reach a valuation of US$937.7 mn by 2019. The CAGR of the market is pegged at 6.5% between 2013 and 2019.
A nebulizer is a medical device that converts liquids into a fine spray that can be easily inhaled by a patient to allow the drug to reach the respiratory tract. Nebulizers are most commonly used by asthma patients. Over the years, nebulizers have evolved in design and compactness to allow easier administration of drugs to patients. However, one major drawback with the design of nebulizers, which hasn’t been effectively addressed to date, is that a substantial amount of the drug is lost during delivery. TMR analysts say that this will restrain the growth of the global nebulizers market to some extent.
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New opportunities are emerging in the Asia Pacific region for companies in the global nebulizers market. A staggeringly high number of people in regions such as Asia Pacific and Latin America suffer from COPD owing to the high pollution levels and other environmental factors here. Investments in these regions are thus expected to fetch good returns.
The report conducts a segment-wise analysis of the global nebulizers market. To do this, TMR analysts have segmented the market on the basis of product type and geography. The types of nebulizers studied in the report include: ultrasonic nebulizer, pneumatic nebulizer, and mesh nebulizer. The findings of the report show that pneumatic nebulizers held the largest share in the global nebulizers market by product type in 2012. These nebulizers are easy to carry and use, making them convenient for patients of different ages. Of the two types of pneumatic nebulizers – breath-actuated and vented – the share of the former was the highest in 2012. The breath-actuated pneumatic nebulizers segment is also expected to expand at the highest CAGR over the forecast period.