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Press Release

Pneumatic Nebulizers Market will grow at 6% CAGR to surpass $1 billion by 2023

Global Market Insights,Inc.
Posted on: 30 Aug 17
Pneumatic Nebulizers Market will grow at 6% CAGR to surpass $1 billion by 2023 U.S. Pneumatic Nebulizers Market is projected to grow at a lucrative CAGR in given time frame, due to technology adoption, government activities to encourage early treatment for respiratory disorders and ease of use of the technologically advanced portable devices.

PR Newswire

OCEAN VIEW, Del., Aug. 30, 2017

OCEAN VIEW, Del., Aug. 30, 2017 /PRNewswire-iReach/ -- The Industry growth report "Pneumatic Nebulizers MarketProduct (Breath-Actuated, Vented), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Japan, China, India, South Africa, Brazil, Mexico), Unit Shipments, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023" by Global Market Insights, Inc. forecast Pneumatic Nebulizers Market share is expected to cross $1 billion by 2023.

Pneumatic nebulizers market is slated to experience remarkable growth prospects, owing to the prominent product application in the medical and pharmaceutical space. The product is extensively used in the treatment of respiratory diseases. Consequently, the surging prevalence of asthma and COPD (chronic obstructive pulmonary disease) across the globe will stimulate pneumatic nebulizers industry size. As per the study, the global aging population was measured at 809.4 million in 2012. The fact that the elderly are more vulnerable to respiratory diseases will be a major driving factor for the development of pneumatic nebulizers market.

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Of late, automation and the emergence of IoT have resulted in surging technological advancements, which has led to the development of various high-end products. The availability of such products is likely to contribute toward the quick and effective treatment of many disorders, which will favor pneumatic nebulizers market growth. The U.S. is expected to invest heavily in technological developments over the coming timeframe, pertaining to which U.S. pneumatic nebulizers market will exhibit considerable annual growth rate over the years ahead, having held a revenue of USD 200 million in 2015. The growth can be attributed to the favorable initiations taken by government to create awareness among the people about the benefits of early respiratory disease treatment. Moreover, easy availability and the heavy utilization of technologically enhanced portable products will propel the industry growth notably.

Browse key industry insights spread across 190 pages with 144 market data tables & 46 figures & charts from the report, "Pneumatic Nebulizers Market" in detail along with the table of contents:

Portable pneumatic nebulizers market will generate substantial revenue with an annual growth rate of 7.5% over the coming six years. The growth can be attributed to escalating need of corticosteroid/ bronchodilator combination therapies which are prominently used in the treatment of respiratory diseases such as COPD. Europe pneumatic nebulizers industry will surpass a revenue collection of USD 300 million by 2023, owing to the growing prevalence of respiratory disorders across this region. Germany will be the prominent revenue contributor.

Shifting trends of the consumers toward the adoption of cost effective treatment along with compatibility of the product with different types of compressors will boost the demand for vented pneumatic nebulizers. Vented pneumatic nebulizers industry will collect a revenue of more than USD 700 million by 2023 with a total sale of over 7.5 million units. The rising number of patients suffering from respiratory disorders across the developing countries will fuel the product demand considerably.

Asia Pacific pneumatic nebulizers market will generate a significant revenue with a CAGR of 8% over the coming timeframe. The attributing factors toward the market growth are lack of pollution control norms and the rapidly changing lifestyle. Japan, India, and China will be the prominent revenue contributors of APAC region.

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Industry giants are planning to expand their global presence by investing significant capital into low and middle-income countries. Mergers and acquisitions are the few growth strategies adopted by the market players. The noteworthy participants in pneumatic nebulizers market are Philips Respironics, Becton Dickinson, Omron Corporation, DeVilbiss Healthcare, ARI Medical, Heyer Medial AG, Briggs Healthcare, and Salter Labs.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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PR Newswire

Last updated on: 30/08/2017

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