Large Volume Nebulizers Market Value to Exceed US$ 1.1 Billion by 2031: Transparency Market Research, Inc.

WILMINGTON, DE / ACCESSWIRE / January 26, 2023 / Transparency Market Research Inc. - Increase in demand for large volume nebulizers to treat a range of respiratory diseases in young and older adults is anticipated to generate significant sales opportunities for vendors in the market. Nebulizers are widely used to deliver hypertonic saline for sputum induction in certain patient populations. The global large volume nebulizers industry is projected to expand at a CAGR of 6.6% from 2022 to 2031, and reach more than US$ 1.1 Bn by 2031.

Increase in population of patients who suffer from asthma, and chronic obstructive pulmonary disease (COPD) is likely to bolster the commercialization of ultrasonic, mesh, and jet nebulizers. Manufacturers have gained significant revenues from significant uptake of products in hospitals. As per market research by TMR, the hospitals end-user segment in the large volume nebulizers industry held the leading revenue share of more than 60.0% in 2021.

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Key Findings of Study

• Surge in Prevalence of Chronic Respiratory Diseases to Propel Demand: Increase in air pollution levels is associated with chronic airway diseases and is viewed as a public health concern globally. This has led to surge in incidence of asthma and chronic obstructive pulmonary disease (COPD). Increase in global prevalence of respiratory diseases is likely to accelerate demand for nebulizers to deliver medications to patients in the form of aerosol or mist. Utilization of large volume nebulizers is expected to rapidly increase in the next few years as they are considered easy to use and portable. The mortality rate from COPD is high in low- and middle-income countries (LMICs).
• Rise in Adoption of Large Volume Jet Nebulizers to Boost Revenue: Extensive adoption of large volume jet nebulizers is anticipated to boost revenue for manufacturers. Vendors have commercialized a variety of product designs to tap into the market demand. The TMR study on the large volume jet nebulizers market found that high medication delivery capacity and low dosage waste have made large volume jet nebulizers popular among patients in various healthcare settings.

Key Drivers

• Surge in prevalence of respiratory disorders such as asthma, chronic obstructive pulmonary disease (COPD), and cystic fibrosis is likely to accelerate large volume nebulizers market development
• Rise in geriatric population is expected to create a positive market outlook in the next few years, since elderly people suffering from respiratory diseases need nebulizers for medication administration in the form of aerosol or mist

Regional Growth Dynamics

• North America held major market share in 2021. Presence of a large customer base and high prevalence of respiratory diseases are estimated to fuel business opportunities in North America.
• The market in Europe is projected to expand at a rapid pace during the forecast period. Growing awareness about nebulizers in Europe is expected to generate attractive growth opportunities for companies.
• The market in Asia Pacific is witnessing substantial revenue potential. It is projected to expand at the highest CAGR during the forecast period. Companies in the region are focusing on new product development. Furthermore, growing R&D activities would steer market growth in Asia Pacific.

Competition Landscape

Most companies are adopting a mix of organic and inorganic growth strategies in order to consolidate their positions in the global large volume nebulizers market. They are also unveiling affordable and easy-to-use products to drive demand.

Key players operating in the large volume nebulizers market include Vadi Medical Technology Co., Ltd., GaleMed Corporation, Winnomed, Sarnova, Inc., Vyaire Medical, Tri-Anim Health Services, Inc., PARI GmbH, and Teleflex Incorporated.

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Large Volume Nebulizers Market Segmentation

• Product Type
  • Ultrasonic Nebulizers
  • Jet Nebulizers
  • Mesh Nebulizers
• Volume
  • 200-490 ml
  • 500-800 ml
  • >800 ml
• Application
  • Chronic Obstructive Pulmonary Disease (COPD)
  • Asthma
  • Cystic Fibrosis
  • Others
• End-user
  • Hospitals
  • Clinics
  • Others

Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Countries Covered

• U.S.
• Canada
• Germany
• U.K.
• France
• Italy
• Spain
• China
• Japan
• India
• Australia & New Zealand
• Brazil
• Mexico
• GCC Countries
• South Africa

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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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SOURCE: Transparency Market Research Inc.