According to a report, “Pneumatic Nebulizers Market Size, Share & Trends Analysis Report By Type (Vented, Breath-Actuated), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., the global Pneumatic Nebulizers market size was valued at USD 490.6 million in 2015 and is expected to reach a value of USD 893.9 million by 2025. The expansion is attributed to the increasing geriatric population base along with the growing need for home healthcare portable devices. The introduction of new systems featuring aerosol drug delivery technology with minimal drug wastage is expected to drive market growth. For instance, in April 2020, a novel nebulizer, developed by Asclepius Meditec (Shanghai, China), produces a mixed gas containing 2/3 hydrogen and 1/3 oxygen to help transport oxygen into the lungs. It has played a crucial role in fighting the COVID-19 pandemic and help patients to get better. The trans-nasal pulmonary aerosol delivery device currently undergoing clinical trial is intended for the treatment of cystic fibrosis.
COVID-19 pandemic has affected almost every country in the world and has led to huge casualties in a year’s time. It has made devices like Pneumatic Nebulizers a godsend in these times of terrible crisis. As hospital admissions rise, along with home quarantine cases, home care devices such as these have been experiencing skyrocketing demands, leading to the rising growth of the market. Furthermore, the advent of integrated devices has empowered patients and physicians to share and access data on a single platform. For instance, in March 2016, Philips received 510 (K) clearance for its Care Orchestrator. Cloud-based technology is a clinical management software, which promotes homecare for sleep apnea and respiratory care patients. Moreover, the clinical management system furnishes a single platform combining sleep and respiratory care, providing informatics and workflow intelligence for patients, providers, and payers.
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Pneumatic Nebulizers Market Report Highlights
• New product launches play a major role in boosting the market hold of the major players, leading to better demands. For instance, in May 2020, OMRON Healthcare, the leading Japanese player in the home healthcare monitoring segment announced the addition of a new entrant to their compressor nebulizer portfolio – OMRON NE C106.
•On the basis of Product Type, Vented nebulizers dominated the product type segment in 2015 owing to their high availability and affordable cost. Moreover, industry contributors are introducing new solutions that enable patient data access in one single platform. In November 2015, CareFusion introduced a new respiratory solution at the American Association for Respiratory Care Congress.
•On the basis of Region, North America is estimated to dominate the Pneumatic Nebulizers market in 2015. The introduction of advanced technological devices and the supportive medical coverage offered in this region is expected to further fuel market growth. For instance, in March 2015, Sunovion Pharmaceuticals, Inc. announced the initiation of a Phase III clinical trial for its SUN-101 solution using PARI Pharma’s eFlow nebulizer system for COPD.
•Asia Pacific is the fastest-growing market owing to its huge aging population base, increasing focus on preventive care, and government initiatives promoting technological innovations. In July 2015, Tribeca Care launched its online healthcare store to supply homecare respiratory products, wherein prominent medical brands such as Philips, Omron, Nidek, Karma, ResMed, and Vissco were brought under one roof.
•Sector players are integrating healthcare with technology to improve upon the current patient monitoring devices in the vertical for respiratory diseases. Moreover, increasing awareness around pre-assessment devices has further accelerated the demand for Pneumatic Nebulizers. In June 2016, Philips introduced the Patient Adherence Management Service at the 2016 SLEEP event to better patient compliance to sleep therapy.
•Some of the major players operating include Omron Corporation, Philips Healthcare; PARI Pharma GmbH; GE Healthcare; Allied Healthcare; Becton, Dickinson and Company; Agilent Technologies; Medline Industries, Inc.; and Briggs Healthcare.
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Pneumatic Nebulizers Market Segmentation
Grand View Research has segmented the global Pneumatic Nebulizers market by type and region:
Pneumatic Nebulizers Type Outlook (Market revenue in USD Million, 2014 – 2025)
• Vented Pneumatic Nebulizer
• Breath-Actuated Pneumatic Nebulizer
Pneumatic Nebulizers Regional Outlook (Market Revenue in USD Million, 2014 – 2025)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• Latin America
• Middle East & Africa
• South Africa
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