The global nebulizer market is projected to grow at a modest CAGR of nearly 6.0% during the forecast period (2021-2027).  The primary factor driving the market growth include the rising incidences of respiratory disorders globally. As per the World Health Organization (WHO), in 2019, asthma affected an estimated 262 million people. Nebulizers are regarded as a suitable alternative for asthma treatment. Medications for asthma nebulizers should contain a substance including albuterol or salbutamol which supports to increase the bronchial lumen and removes bronchospasms. Albuterol or salbutamol substance is contained in such drugs as Ventolin, Astalin, and others. The macro-economic factors driving the growth of the nebulizer market include increasing purchasing power and development in healthcare infrastructure. 

However, the availability of potential alternatives, including inhalers is expected to hinder the market growth. For instance, for asthma and chronic obstructive pulmonary disease (COPD) management, Teva provides ProAir Digihaler device, a digital inhaler approved by the FDA in 2019. The inhaler detects, records, and stores objective inhaler event data, including timestamp and inhalation characteristics such as peak inspiratory flow. On the other hand, in September 2020, the company again launched two new digital inhalers, AirDuo Digihaler and the ArmonAir Digihaler, which are prescription inhalation powders designed to treat people with asthma 12 years and older. Rising innovations in inhalers will likely restrain the market growth. 

Impact of COVID-19 Pandemic on Global Nebulizer Market

COVID-19 pandemic led to a positive impact on the growth of the global nebulizer market. The pandemic has resulted in increased consumption of nebulizers due to spared of viruses causing cough and cold and breathing problems. However, the pandemic affected the supply chains and logistics operations of the manufacturers and companies that cause shortages in the product at the drug store and pharmacies. 

Segmental Outlook

The global nebulizer market is segmented based on type, size, and end-user. Based on type, the market is segmented into the jet nebulizer, ultrasonic nebulizer, and mesh nebulizer. Among type, the mesh nebulizer is expected to grow significantly during the forecast period, owing to the growing popularity of these devices owing to their portability and ease of use. Jet nebulizers held the largest share in the market owing to cost-effectiveness. Jet nebulizers are efficient in the delivery of formulations that are not able to be delivered with dry powder inhalers (DPIs) and pressurized metered-dose inhalers (pMDIs). For instance, liposomal formulations, mucolytics, antibiotics, and recombinant products, including Pulmozyme Inhalation Solution, are some of the medications that can be delivered by using a jet nebulizer. Based on the size, the market is segmented into tabletop and portable. Based on end-user, the market is segmented into hospitals and clinics, and homecare.  Among the end-user, the hospitals and clinics segment growth is attributed to the rising hospitalization rates for the treatment of respiratory disorders. 

Global Nebulizer Market Share by End-User, 2020 (%)

Homecare Segment to Hold a Lucrative Share in the Global Nebulizer Market

Based on end-user, the market is segmented into hospitals and clinics, and home care.  Among the end-user, the homecare segment of the market is estimated to hold a lucrative share in the market.  Homecare treatment for the diseases refers to the comprehensive and innovative services that are provided to the patients within the comfort of their homes. The attributable factor contributing to the growth of the segment includes the rising geriatric population base and technological innovations in nebulizers. In homecare settings, patients can self-manage their respiratory conditions. Nebulizers are one of the most popular homecare devices used for patients with respiratory diseases.

Regional Outlook

The market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the nebulizer market in the region. The regional growth of the market is accredited to the increasing cases of respiratory disorders. North America held a major market position in the global nebulizer market in 2020. The well-developed healthcare infrastructure and rising prevalence of asthma and COPD are some of the key factors driving the growth of the market in the region. 

Global Nebulizer Market Growth by Region, 2021-2027

Asia-Pacific is Projected to Have a Considerable Share in the Global Nebulizer Market

Asia-Pacific is anticipated to exhibit the highest growth in the global nebulizer market during the forecast period. The growth factors for the regional market include the rising incidences of respiratory diseases in the country including China.  For instance, as per the study conducted by National Health and Planning Commission in 2019, 30 million people in China suffered from asthma and only 28% of the people with asthma have their condition under control. In addition, emphysema is another type of COPD that affects air sacs in the lungs. Thus, there is an increase in demand for nebulizers in the region, which in turn is propelling the market. 

Market Players Outlook

Key players functioning in the market include Koninklijke Philips NV, Omron Corp., among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and others to thrive in a competitive environment. For instance, in Nov 2018, Koninklijke Philips launched InnoSpire Go portable nebulizer in the US. The device is the smallest and lightest portable handheld nebulizer. 

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global nebulizer market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where in the market.