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The global nebulizer market size was valued at USD 1.14 billion in 2023, driven by the increasing prevalence of respiratory diseases across the globe. The market is expected to grow at a CAGR of 6% during the forecast period of 2024-2032, with the values likely to rise from USD 1.21 billion in 2024 to USD 1.93 billion by 2032.
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Nebulizers find their application to treat multiple indications such as asthma, COPD, and cystic fibrosis. Due to the high prevalence of smoking, and rapid industrialization, pollution levels are on the rise and there has been a significant upswing in respiratory disorders. Incidence of chronic diseases such as (chronic obstructive pulmonary disease) COPD is constantly on the rise and is expected to affect around 600 million people globally by 2050, leading to a substantial surge in the nebulizer market demand in the forecast period.
The market is driven by an increasing incidence of product launches focused on design improvements to offer customized and improved solutions to the patients. In addition, growing awareness of respiratory illnesses and the increasing accessibility of nebulizers are driving the growth along with Increasing investments by the key market players in the research and development of several new nebulizers with cutting-edge features.
Rising Prevalence for Portable Nebulizers
With increasing advancements in medical device manufacturing and a rising integration of novel technologies in the healthcare ecosystem, there has been significant nebulizer market growth with the development of new devices. In January 2023, Synergy Life Science, Inc., launched Nebi, the first battery operated and compact nebuliser to be used for multiple respiratory indications. To beat the issues related to conventional nebulizers, the new device is equipped with a rechargeable battery, and is based on interchangeable, and replaceable cartridges. It can also be used in cannabis, wellness, and smoking cessation therapies and possesses the potential to be used in multiple treatments.
Surge Research Activities to Develop IoT based Nebulizers and Boost Nebulizers Market Share
To offer precise and timely drug dosage, scientists have developed an IoT based nebulizer which work by providing an intelligent airflow. Breath Enhanced Technology (BET) is used in modern commercial nebulizers, as it offers controlled drug delivery and monitors asthma attacks with respect to frequency and time. With prompt monitoring, patients can receive improved treatment and prevention from fatal complications as well. The new technology offers an advantage over normal circuits, which are a more tedious process to manage.
Increasing Investments to Develop New Devices
In October 2022, Qnovia secured USD 17 million funding to develop an effective nicotine replacement therapy for humans with the help of a breath-activated, hand-held vibrating mesh nebulizer that generates aerosol for inhalation. The rising investments to bring improved and effective patient outcomes to poised to expand the nebulizer market size in the forecast period. The company aimed at developing an effective device that offers precise dosage along with optimal delivery to the lungs. With multiple partnerships, the company also plans to expand their research and offer treatment for multiple respiratory indications.
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Market Breakup by Product Type
Market Breakup by Portability
Market Breakup by Applications
Market Breakup by End User
Market Breakup by Region
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The United States is expected to lead the market share in coming years. The market share can be attributed to a robust medical and research infrastructure. The presence of prominent healthcare companies, along with academic and research institutions, plays a pivotal role in driving the market value.
In the forecast period, Asia Pacific region is poised to experience significant nebulizer market growth, with countries like China, India, and Japan emerging as the biggest markets. The growth can be attributed to the increasing prevalence of respiratory disorders such as COPD, asthma, and cystic fibrosis and rising merger activities between native and international companies. For instance, AeroRx Therapeutics (a United States based inhalation company) and a Taiwan based startup, HCmed Innovations collaborated to develop a breath-actuated nebulizer in combination with LABA/LAMA (long-acting muscarinic antagonist/long-acting beta agonist).
In June 2023, Liquidia Corporation and Pharmosa Biopharm announced their collaboration to develop and commercialise L606, a controlled release and inhalation-based formulation of Treprostinil, under clinical trial evaluation for treating pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The collaboration is anticipated to cost around USD 10 million and as per the terms of agreement, Liquidia is expected to develop and take control of the regulatory and commercial activities while Pharmosa will help in establishing a global supply chain and manufacture clinical and commercial supplies. The market has been witnessing several mergers and acquisitions amongst developed and budding organizations to diversify their product portfolio and establish a solid market presence.
The key features of the nebulizer market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Portability |
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| Breakup by Applications |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 1.14 billion in 2023, driven by the growing incidence of respiratory diseases across the globe.
The market is anticipated to grow at a CAGR of 6% during the forecast period of 2024-2032, likely to reach a market value of USD 1.93 billion by 2032.
The market demand is driven by rising prevalence of pollution levels, smoking, rapid industrialisation, and the growing geriatric population. Increasing awareness initiatives, convergence of smart technologies into developing new products and investments by key market players are also fuelling market demand.
The advent of technically advanced products to offer prompt and effective outcomes for patients is a major market trend. In January 2023, Synergy Life Science, Inc., launched Nebi, the first battery operated, rechargeable, pocket sized, and compact nebuliser to be used for multiple respiratory indications.
Based on product types, the market is divided into jet, ultrasonic, and mesh nebulizer.
Common application areas include COPD, cystic fibrosis, asthma, and others.
It includes digital as well as analog nebuliser.
Major end users include hospitals, clinics, and homecare settings, among others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Key players involved in the market are Adherium, AstraZeneca, Boehringer Ingelheim International GmbH, Cohero Health, Inc., GSK Group of Companies, Teva Pharmaceutical Industries Limited, Vectura Group Ltd., Propeller Health, Novartis AG, OPKO Health Inc., AptarGroup, Inc., Sensirion AG, Teleflex Medical, Inc., Trudell Medical International and Briggs Healthcare.
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