Market Trends of Global Nebulizer Industry
This section covers the major market trends shaping the Nebulizer Market according to our research experts:
The Jet Nebulizer Segment is Expected to Hold a Significant Share Over the Forecast Period
A nebulizer changes medication from a liquid to a mist. Jet nebulizers use compressed gas to make an aerosol (tiny particles of medication in the air). A jet nebulizer is a machine that turns liquid medicine into a fine mist that a patient can breathe in through a face mask or mouthpiece. The major advantage of jet nebulizers is their effectiveness and requirement for only simple, tidal breathing. Moreover, in jet nebulizers, dose modification and dose compounding are possible.
The substantial increase in prevalence and incidence of asthma has led to an increase in the patient population, which has, in turn, increased the demand for these drugs. According to the World Health Organization (WHO) 2021 factsheet, asthma is a major noncommunicable disease (NCD) affecting children and adults. According to the same source, asthma affected approximately 262 million people worldwide. Thus, such a high burden of asthma creates the need for the jet nebulizer for the treatment and thus drives the growth of the segment.
Moreover, the rising adoption of jet nebulizers over ultrasound nebulizers is due to their convenience and cost-effectiveness compared to ultrasound nebulizers, which is expected to influence the segment's growth positively. According to the November 2021 article from Healthline, ultrasonic nebulizers can't deliver certain COPD medications. However, all COPD medications can be delivered through jet nebulizers. Thus, the advantages of jet nebulizers also contribute to the growth of the segment.
Hence, owing to the above-mentioned factors, jet nebulizers are expected to boost market growth.
North America is Expected to Dominate the Market Over the Forecast Period
The North American nebulizer market is expected to grow due to continuous technological innovations in the field of nebulizers. As the population in the region follows a fast-moving lifestyle, patients are looking for more portable nebulizer devices that can be transferred easily in a time of need for patients with asthma and other airway diseases.
The United States is the largest market in the North American region. The burden of respiratory diseases, such as tuberculosis, COPD, and sleep apnea, is increasing in the United States, which is fueling the demand for nebulizers across the country. As per the National Asthma Prevalence 2020 by the Centers for Disease Control and Prevention (CDC), 25,257,138 people were affected by asthma in the United States, of which 4,226,659 were children aged less than 18 and 21,030,479 were adults aged above 18. Thus, such a high prevalence of asthma is expected to propel the growth of the market.
Moreover, several mergers, acquisitions, partnerships, and product launches by the market players also positively influence overall market growth. For example, in June 2020, Respira Technologies announced the launch of a pharmaceutical-focused commercial development program for its RespiRx drug-delivery device platform, which is a portable, handheld vibrating mesh nebulizer. Additionally, in June 2020, the company Renovion raised USD 8.1 million in funding for the clinical development of ARINA-1 (ascorbic acid), which is an experimental nebulizer therapy to clear mucus and reduce inflammation in people with non-cystic fibrosis bronchiectasis and cystic fibrosis.
Thus, the abovementioned factors are expected to boost the growth of the nebulizer market in North America.
