Global Nebulizers Market to amass US $980 Mn by 2024

September 30, 2019

According to the latest study titled ‘Global Nebulizers Market Growth 2019-2024’ available with Market Study Report LLC, the global nebulizers market is estimated to accumulate US $980 million by the year 2024.

A nebulizer is a medical apparatus used to convert drug to mist and deliver it effectively to the lungs. This technique of nebulization is commonly used in treating respiratory diseases and the devices used for this treatment are usually electrically powered and rechargeable. Increasing air pollution around the globe leading to rise in the incidences of respiratory ailments, and technological advancement in the field are propelling the nebulizers market growth.

According to the study, the worldwide nebulizers market was valued at US $720 million in 2019 and is expected to register 5.2% CAGR over the projected time period. The study analyzes global nebulizers market for industry shares and growth opportunities by different segments. Furthermore, it provides an exhaustive understanding about trends, challenges, marketing strategies, distribution channels, consumer spectrum, and drivers influencing the market growth.

Based on type, the industry is segmented as ultrasonic nebulizers, mesh nebulizers, pneumatic nebulizers, and other. While on the basis of application spectrum, the nebulizers market is divided into COPD, asthma, cystic fibrosis, and other.

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Considering the geographical landscape, nebulizers market is fragmented into four major regions as Europe, Americas, Middle East & Africa, and Asia Pacific. As per the report, the regions of North America, Europe and Asia will witness significant growth in the demand for nebulizers in the upcoming years.

Some of the vendors that operate in the global nebulizers market outlined in the report comprise of DeVilbiss Healthcare, 3A Health Care, PHILIPS, Omron, Rossmax International Ltd., GF, PARI, and Allied healthcare products. Additionally, the report also states that the price of nebulizers varies based on the company as there is great difference in the quality offered.