The global nebulizers market is expected to grow with moderate CAGR during forecast period. Prevalence of respiratory diseases coupled with a growing aged population fuels the growth of the global nebulizers market. The market is also driven by the use of portable nebulizers. Since nebulization is a spraying technique, dispersion and wastage of the drug during delivery to the respiratory tract is the major restraint for the growth of this market. Availability of nebulizer substitutes also inhibits further growth. Emerging economies such as Asia-Pacific creates the promising opportunity for the growth of this market.
Global Nebulizer Market by Product Type
The global nebulizers market is segmented into ultrasonic, pneumatic and mesh nebulizer. Ultrasonic nebulizers include portable and standalone nebulizers. Pneumatic nebulizers are further categorized into breath actuated and vented nebulizers. Similarly, mesh nebulizers are divided into static and vibrating type nebulizers. Pneumatic nebulizers dominate the market due to their ease of handling, efficient design and low cost. Breath actuated nebulizers deliver the drug effectively and are expected to grow at highest CAGR during forecast period.
Global Nebulizer Market by Geography
Geographically, the global nebulizers market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America dominates the global nebulizers market due to prevalence of respiratory conditions and growing government initiative. Asia-Pacific is the fastest emerging market for nebulizers due to large number of patients diagnosed with chronic respiratory conditions.
The key players within the global nebulizers market include, Allied Healthcare Products, Inc., Omron Healthcare Co., Covidien plc, GE Healthcare Ltd., Philips Healthcare, Agilent Technologies, Inc. Ltd, CareFusion Corporation, PARI Respiratory Equipment, Inc. and GF Health Products, Inc. These organizations are expanding their business to include emerging economies such as, Japan, China, India and South Korea.
High Level Analysis
Comprehensive analysis of global nebulizer market provides an overview of the market and its key concerns. Market dynamics covers market drivers, restrains and opportunities which would help simplify market behavior. Market segmentation section provides an in-depth study of the products and geographic segments which would be helpful in understanding current market trends. Porter’s Five Force analysis would be helpful for strategists to determine market profitability. Buyers’ switching cost for a nebulizer product is low and hence, the bargaining power of the supplier is low. Nebulizer products are less varied which tends to increase the threat new entrants. Low consumer switching cost and availability of alternative therapies increase the threat of substitute products. Industrial rivalry is intense due to numerous competitors present in to the market.
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In-depth coverage of the global nebulizers market including drivers, restraints and opportunities would help market professionals understand the market behavior
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