Transparency Market Research Report Added "Nebulizers Market" to its database.
Albany, NY -- (SBWIRE) -- 12/20/2016 -- The global nebulizers market was valued at USD 610.0 million in 2012 and is expected to grow at a CAGR of 6.5% from 2013 to 2019, to reach an estimated value of USD 937.7 million by 2019.
As per a recent market study published by Transparency Market Research (TMR), the global nebulizers market is forecast to be worth US$937.7 million by 2019. TMR, a market intelligence company based in the U.S., projects the growth of the global nebulizers market at a CAGR of 6.5% from 2013 to 2019. The market was worth US$610.0 million in 2012. The research report, titled "Nebulizers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" is available for sale on the company website.The increasing incidence of respiratory disorders such as asthma, cystic fibrosis (CFTR), and chronic obstructive pulmonary disease (COPD) combined with the increasing geriatric population is primarily driving the global nebulizers market, as per the TMR study. Moreover, in developed nations such as the U.S. and the U.K., government initiatives to bring respiratory disorders under control will further boost the market.
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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.
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.
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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.
Based on geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World. Among these, the largest share in the nebulizers market was held by North America in 2012. Several government programs aimed at containing cystic fibrosis, COPD, and asthma have also benefited the market's growth. Asia Pacific, being an emerging market, will exhibit the highest CAGR in the global nebulizers market through the report's forecast period, which ranges from 2013 to 2019. This is attributable not only to the massive patient pool in need of effective medical devices here but also the fact that manufacturers are scaling up operations in countries such as South Korea, China, India, and Japan.
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