Report Code: 12080 | Available Format: PDF | Pages: 260
The nebulizer market size stood at USD 1,050.2 million in 2023, and it is expected to reach USD 1,696.7 million by 2030, with a compound annual growth rate of 7.4% during 2024–2030. This can be ascribed to the rising geriatric population, soaring consumption of cigarettes, surging cases of respiratory and chronic diseases, and increasing demand for home healthcare devices.
The nebulizer market is propelled by the escalating prevalence of respiratory ailments, attributed to heightened pollution levels and evolving lifestyles. Elderly people are more vulnerable to respiratory disorders and chronic conditions and are more likely to suffer from chronic respiratory conditions. This surging respiratory issue is set to increase the demand for nebulizers.
Furthermore, due to the increasing awareness of the benefits associated with nebulizers, these devices have become widely used in the treatment of respiratory conditions such as asthma and COPD. Additionally, they are utilized for efficient delivery of medication directly to the lungs. In addition, their user-friendly design, portability, and ability to provide rapid relief contribute to their growing popularity over alternative inhalation methods.
In the market, the availability of advanced, portable nebulizers is also driving the market, as they are smaller in size and can be easily carried around and are also more effective and offer quick relief.
Additionally, healthcare players are increasingly focused on home-based and self-care treatments, which increases the demand for nebulizers. Patients are now seeking convenient and effective ways to manage their respiratory conditions from the comfort of their homes, and nebulizers provide the reliable.
Report Attribute | Details |
Market Size in 2023 |
USD 1,050.2 Million |
Market Size in 2024 |
USD 1,108.2 Million |
Revenue Forecast in 2030 |
USD 1,696.7 Million |
Growth Rate |
7.4% CAGR |
Historical Years |
2017-2023 |
Forecast Years |
2024-2030 |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Type, By Portability, By Application, By End User, By Region |
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The asthma category, in the application segment, holds the largest share in the market, due to the surging number of asthma cases. For instance, according to the NCIB, asthma is the 16th most common cause of illness based on disability-adjusted life years. Approximately 300 million people worldwide suffer from asthma, and an additional 100 million people could be affected by the disease by 2025. Asthma is the most common chronic disease in children.
Hospitals generate the highest demand for nebulizers in the market. This is mainly due to the increased demand for nebulizer devices in hospital settings, particularly driven by a higher number of patient admissions among individuals with comorbidities. For instance, in June 2022, the proportion of children’s emergency hospital admissions for bronchiolitis in the U.K. rose to 68.3% in 2021 from the level of 60.8% in 2014 as per the data of GOV.UK.
Whereas, the home care category is expected to witness the fastest growth in the coming years. This can be because patients tend to prefer aerosol treatment at home rather than going to clinics or hospitals. Moreover, the growing need for home care and the advent of new, lower-cost portable nebulizers have played an important role in the surging demand for these devices in home care settings.
On the basis of region, the North American market size reached around $500 million in 2023 and it is also expected to continue to dominate the global market during the forecast period.
Europe is the second-leading region in terms of sales and market share of nebulizers because of the increasing incidence of respiratory diseases, which contributes to the increased demand for these devices.
Whereas, the Asia-Pacific market is expected to witness the fastest growth in the coming years. This can be driven by the increasing prevalence of chronic respiratory diseases, the improvement of healthcare infrastructure, and the rising number of medical device companies developing delivery devices in the region.
On the other hand, the Latin American and the Middle East and African markets are expected to grow significantly during the forecast period. The rapid increase in the prevalence of asthma and COPD will likely accelerate the demand for these devices to control chronic respiratory diseases in their respective region in the coming years.
Companies in the nebulizer industry are collaborating with each other to develop advanced products. For example, in March 2021, Ventec Life System Inc. and General Motors Company collaborated with a U.S.-based private sector organization, StopTheSpread.org, to amplify the production of respiratory care products to combat the coronavirus spread.
This report offers deep insights into the nebulizer market, with size estimation for 2017 to 2030, the major drivers, restraints, trends and opportunities, and competitor analysis.
The industry for nebulizer will reach USD 1,108.2 million in 2024.
The nebulizer market value will reach USD 1,696.7 million in 2030.
The APAC market for nebulizer is growing at the fastest rate.
Increasing incidence of respiratory disorders and the growing consciousness about the advantages of this machine are the key nebulizer industry drivers.
Portable hold the larger nebulizer market share.
Asthma is the leading application in the nebulizer industry.
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