As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global market for nasal aspirators is being driven by the quality of effectiveness of the nasal aspirators. The increasing awareness about the nasal aspirators is most likely to facilitate the growth in demand for nasal aspirators. The product is also rising in popularity as it is more hygienic, efficient, and comfortable as compared to the rubber suction bulbs that were earlier used to deal with a baby’s stuffed nose. For example, the BBG nasal aspirator developed by Koninklijke Philips N.V. alongside Miami Children’s Hospital, is an efficient as well as non-invasive suction of the nasal cavity.
E-commerce giants such as Amazon (NASDAQ: AMZN) and eBay (NASDAQ: EBAY) are also responsible for pushing the market demand by spreading awareness about the product and making them accessible, therefore, helping promote the sales in the market. The recent coronavirus pandemic has challenged several countries across the world with problems related to the import and export of nasal aspirators, therefore affecting the global nasal aspirators industry negatively. However, the heightened health awareness and rising hygiene awareness, along with healthcare products being marked as essential globally, the market is expected to witness a stable demand even during the pandemic.
Geographically, the North American and the European regions are returning to their pre-COVID-19 level of production, recovering from the downfall significantly faster. Amidst the coronavirus pandemic, the Asia Pacific is another sector, which is witnessing a promising growth, specially from countries like India and China. Europe and the Middle East and Africa are expected to showcase a relatively moderate growth during the forecast period. The growth across the regions is being aided by the growing adaptability of new products among the consumers.
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The major players in the global nasal aspirators market include AViTA Corporation, ALBERT Hohlkorper GmbH & Co. KG, Koninklijke Philips N.V., B. Well Swiss AG, and Narang Medical Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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