Global Vibrating Mesh Nebulizer Market Set for Rapid Growth, to Reach Around USD 655.2 Million by 2025
Global vibrating mesh nebulizer market expected to generate revenue of around USD 655.2 million by end of 2025, growing at a CAGR of around 10.5% between 2019 and 2025. Nebulizers use oxygen, compressed air, vibration or ultrasonic power to breakup suspensions into minute aerosol droplets.
Sarasota, FL -- (SBWire) -- 02/26/2019 --Zion Market Research has published a new report titled "Vibrating Mesh Nebulizer Market by Type (Piezoelectric Actuation, and Others) and by Application (Hospitals, Clinics, Home Healthcare, and Emergency Medical Centers) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2025". According to the report, global vibrating mesh nebulizer market was valued at approximately USD 326.2 million in 2018 and is expected to generate revenue of around USD 655.2 million by end of 2025, growing at a CAGR of around 10.5% between 2019 and 2025.
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Nebulizers use oxygen, compressed air, vibration or ultrasonic power to breakup suspensions into minute aerosol droplets. These aerosol droplets can directly be inhaled from the mouthpiece of the nebulizer. The nebulizer contains a mesh that has 1,000–7,000 lasers drilled holes which vibrate at the top of the liquid reservoir and press out a mist of fine droplets. The size of droplets and their flow can be adjusted as per the requirement. Vibrating mesh technology is one of the most efficient technologies in nebulizers.
According to the World Health Organization (WHO), in 2016, asthma was one of the leading non-communicable diseases. It is anticipated that about 235 million people presently suffer from asthma. A large amount of asthma-related deaths occur in lower-middle income countries. According to the World Health Organization approximations released in December 2016, there were 383,000 deaths caused due to asthma. However, drug loss during delivery may hinder market growth. Whereas, continued product demand by the aging population and increasing incidences of asthma, COPD, and cystic fibrosis are anticipated to create lucrative opportunities for vibrating mesh nebulizer market in the coming years.
The vibrating mesh nebulizer market is classified on the basis of type, application, and region. On the basis of type, the market is segmented into piezoelectric actuation and others. Piezoelectric actuation segment was the largest revenue-generating segment in vibrating mesh nebulizer market in the year 2017, due to increased usage of piezoelectric actuation. Cost-effectiveness and easy accessibility of products have a positive impact on the segmental growth. On the basis of application, the market is divided into hospitals, clinics, home healthcare, and emergency medical centers.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the key regional segments of global vibrating mesh nebulizer market. North America is the major regional segment for the global vibrating mesh nebulizer market. Rising incidences of asthma and COPD among the population along with lucrative demand for healthcare devices coupled with higher demand for quality health products and wide adoption of nebulizer devices in the region are the major factors responsible for the market growth.
Europe represents a developed regional market for vibrating mesh nebulizer market and is expected to witness rapid growth in the near future. The growing prevalence of chronic respiratory diseases, easy product availability, and wide adoption of nebulizers will drive regional growth. In addition, the presence of major market players in this region, growing disposable income, and rising consumer spending on healthcare activities will further drive the market growth.
Asia Pacific region is experiencing a major breakthrough in the vibrating mesh nebulizer market, owing to the rising prevalence of chronic respiratory diseases, growing disposable income, and rising consumer spending on healthcare activities. Latin America is another important regional market and is estimated to register moderate growth in the future, due to the rapidly expanding healthcare industry in countries like Mexico, Brazil, and Rest of Latin America.
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Some of the key players in vibrating mesh nebulizer market are OMRON Corporation, Koninklijke Philips N.V., Health & Life Co., Ltd., Vectura Group Plc, Aerogen, Rossmax, PARI GmbH, and Beurer.
This report segments the global vibrating mesh nebulizer market as follows:
Global Vibrating Mesh Nebulizer Market: Type Segment Analysis
Others (Passive Mesh Nebulizers)
Global Vibrating Mesh Nebulizer Market: Application Segment Analysis
Emergency Medical Centers
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Global Vibrating Mesh Nebulizer Market: Regional Segment Analysis
The Middle East and Africa
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