Jet Nebulizers Market Value to Exceed US$ 1.3 Billion by 2031, as per Transparency Market Research, Inc.
In terms of product type, the breath-actuated jet nebulizer segment accounted for a revenue share of over 70% in 2021
Wilmington, Delaware, United States, , Feb. 13, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. –The global Jet Nebulizers Market is projected to expand at a CAGR of 7.3% during 2022-2031, according to the market outlook by Transparency Market Research (TMR).
As per the market report by TMR, the breath-actuated jet nebulizer product type segment is anticipated to maintain its prominent share during the forecast period. This can be ascribed to the rise in product demand owing to its advantages, such as its ability to offer higher drug delivery capacity with less dosage waste, cost efficiency, and ease of integration.
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Key Findings
- In terms of end-user, the home healthcare segment is expected to grow at a rapid pace during the forecast period, owing to surge in usage of jet nebulizers in the home setting during the coronavirus pandemic. Jet nebulizers have gained popularity among the patient population in recent years, owing to their ability to help in administering the proper dosage of medication at home by themselves. This, in turn, helps in reducing the number of hospital visits and decreasing the possibility of disease spread. Surge in the prevalence of respiratory disorders, such as COPD and asthma, is projected to drive the demand for home-based healthcare services in the near future. These factors are likely to fuel the home healthcare segment during the forecast period.
- As per projections, the percentage of the global population over the age of 60 is estimated to show a twofold increase from 11% to 22% between 2000 and 2050. Hence, the population of people aged 60 and above would grow from 605 million to 2.1 billion during this period. Older people are at higher risk of developing different health disorders owing to their weakened immune systems. Risks of COPD and asthma increases with age. Thus, proper management of these disorders is critical after the age of 65. Moreover, it is difficult for asthma and COPD patients in this age group to ingest liquid medication. Hence, adoption of nebulizers has increased for this patient pool for medication administration, owing to the ability of this device to convert liquid medications into mist or aerosol. Thus, rise in the geriatric population is projected to fuel growth opportunities in the jet nebulizers industry during the forecast period.
Jet Nebulizers Market: Growth Drivers
- Rise in cases of respiratory disorders is creating high demand for jet nebulizers
- Increase in prevalence of COPD and asthma in the geriatric population is propelling business opportunities for producers of jet nebulizers
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Regional Analysis
- As per the TMR market report, North America held a larger share of the global industry in 2021. It is likely to continue maintaining its leading market position during the forecast period owing to technological developments in the healthcare industry, rise in usage of home healthcare facilities, and increase in cases of respiratory diseases such as asthma, cystic fibrosis, and COPD.
- Market players are expected to witness significant growth in product demand in Europe during the forecast period. This can be ascribed to increase in awareness about jet nebulizers, rise in focus of regional governments on offering improved healthcare services, and advancements in the overall healthcare system.
Jet Nebulizers Market: Competition Landscape
- Companies are investing in R&D activities in order to develop technologically advanced products
- They are adopting business expansion strategies, such as partnerships and acquisitions
Jet Nebulizers Market: Key Players
- Besco Medical Co., LTD
- Beurer GmbH
- Drive DeVilbiss Healthcare
- Bremed Ltd.
- Koninklijke Philips N.V.
- GE HealthCare
- Nidek Medical Products Inc.
- Morepen Laboratories Ltd.
- PARI Respiratory Equipment, Inc.
- OMRON Healthcare, Inc.
- SunMed
- Rossmax International Ltd.
- VECTURA GROUP PLC
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Jet Nebulizers Market Segmentation
Product Type
- Breath-actuated Nebulizer
- Vented Nebulizer
Application
- Chronic Obstructive Pulmonary Disease (COPD)
- Asthma
- Cystic Fibrosis
- Others
End-user
- Hospitals & Clinics
- Home Healthcare
- Others
Regions Covered
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Halal and Kosher Empty Capsules Market
- Refurbished Medical Equipment Market
- Dental Equipment Market
- Prosthetics Market
- Medical Device Cleaning Market
- Durable Medical Equipment (DME) Market
- Gynecological Devices Market
- Cryopreservation Equipment Market
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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