Nebulizers Market Expected to Reach $1.72 Billion by 2028

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Overview and Scope

A nebulizer device is a piece of medical device that anyone who has asthma or similar respiratory illness can use to deliver medication swiftly and efficiently to the lungs. The nebulizer devices are used in respiratory care for patients with respiratory diseases including asthma, cystic fibrosis, and COPD.

Sizing and Forecast

The nebulizers market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increased incidence of chronic respiratory diseases, rising healthcare expenditure in emerging economies.

The nebulizers market size is expected to see strong growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing geriatric population, increasing demand for the home healthcare devices such as portable devices, increased acceptance of mesh nebulizers, growing prevalence of covid-19 across the globe, and increased consumption of tobacco and alcohol. Major trends in the forecast period include developing connected nebulizer, focusing on development of light weight portable nebulizers and to focus on vibrating technology to develop new nebulizers and take initiatives to develop products from environmentally friendly products.

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Segmentation & Regional Insights

The nebulizers market covered in this report is segmented –

1) By Type: Pneumatic Nebulizer, Ultrasonic Nebulizer, Mesh Nebulizer

2) By Portability: Portable Nebulizer, Tabletop Nebulizer

3) By Application: COPD, Cystic Fibrosis, Asthma, Other Applications

4) By End Use: Hospitals and Clinics, Emergency Centers, Home Healthcare

North America was the largest region in the nebulizers market in 2023. Asia-Pacific was the second largest region in the global nebulizers market share. The regions covered in the nebulizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The rising geriatric population across the globe is expected to increase the usage of respiratory care devices including nebulizers over the forecast period. For instance, according to the World Health Organization (WHO), by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million. According to the United Nations, in 2020, the global population of a person aged 65 years and older was estimated to be 727 million and this number is projected to nearly double to over 1.5 billion in 2050. Elderly people are more susceptible to respiratory diseases such as Chronic Obstructive Pulmonary Disease (COPD), sleep apnea, and the recent pandemic COVID-19 for many factors including the gradual decline of immune function. Therefore, a rise in the geriatric population is anticipated to propel the growth of nebulizers market.

Key Industry Players

Major companies operating in the nebulizers market report are Koninklijke Philips N.V., Vyaire Medical, Inc., Aerogen, Omron Corporation, PARI, GF Health Products, Medline Industries, Trudell Medical International, Briggs Healthcare, Feellife Health Inc., CF Pharmtech Inc., Hoyo Scitech Co., Ltd, Simzon, Yirdoc (Qingdao Future Medical Technology Co., Ltd.), Healthgenie, Meditive, Agaro, Dr Trust, Dr. Morepen, Handyneb, Nuwik, Philips Healthcare, Nagashima Medical Instruments co., Ltd, Citizen Systems Japan Co., Shenzhen Bi-rich, Yuyao Dengyue Medical Devices Co., Ltd, Shenzhen Aeon Technology Co., Ltd., EverGreen, MediSave, Scala, Porex, ResMed, Masimo Corporation, Draegerwerk AG, Fisher & Paykel Healthcare Limited, Vectura, GE Healthcare, AstraZenca, Medtronics, B. Braun Melsungen, Beikohn, Vostok Service, Technoavia, TD Trakt, Respiratorniy Kompleks, Alvateks, Dixion Russia, Triton Electronics Systems, Ltd, 3M Company, Johnson and Johnson, Dynarex Corporation, Honeywell, Kimberly-Clark Corporation, BD, Moldex-Metric, Agilent Technologies, Drive DeVilbiss Healthcare, InvacAre Corporation, Canada Medical Ltd., Medicom, Stevens Company (Canada), Smiths Medical, FLOWTRONIX

The nebulizers market report table of contents includes: