According to the latest report published by Credence Research, Inc. “Nebulizers Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the nebulizers market was valued at USD 752.8 Mn in 2015, and is expected to reach USD 1,162.2 Mn by 2022, expanding at a CAGR of 6.4% from 2016 to 2022.
Rising prevalence of respiratory disorders, increasing environmental population and growing geriatric population are the major factors driving the global market for nebulizers. North America held the largest regional market, accounting for the market share of over 30% in 2015, and is anticipated to dominate the global nebulizers market during the forecast period of 2016 to 2022. Rising geriatric population in the region, susceptible for respiratory diseases, and higher spending for home healthcare segment together drive the North America nebulizers market. Asia Pacific is expected to grow at a highest growth rate during the focus period, due to developing healthcare infrastructure, rising awareness regarding better health among the masses and rising number of regional device manufactures driving the nebulizer market in the region.
Among the device types, pneumatic nebulizer is the most widely accepted nebulizer device in terms of revenue. Better suitability towards all types of medication makes pneumatic nebulizers the most prominently used nebulizer. Moreover, effective drug delivery, easy to handle and portability features are the driving factors of the pneumatic nebulizers. Mesh nebulizers are anticipated to grow at the highest growth rate during the forecast period due to its faster drug delivery rate, self contained power source, portable and optimized particle of size for specific drugs making it the most effective nebulizers than the other counter parts.
Browse the full report Nebulizers Market: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 report at http://www.credenceresearch.com/report/nebulizers-market
Home end user segment held the largest share in end user segment of the global nebulizer market. Technological advancements in the nebulizer devices have made it easily operational, and portable. Moreover, introduction of low cost devices from the manufacturers have driven the home end user segment through 2022. Physician/Clinics segment is anticipated to grow at a fastest rate during the forecast period due to the rising preference of the of the patients.
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Name: Chris Smith
Designation: Global Sales Manager
Web: Credence Research
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Address:105 N 1st ST #429
City: SAN JOSE
Country: United States