Next Generation Nebulizers Market Size, Share & Trend Industry Analysis Report, 2027
Next Generation Nebulizers Market Introduction
Next generation nebulizers are advanced version of conventional nebulizers characterized by increased portability, higher lung deposition, ease of use, and convenience. Nebulizers are used as drug delivery devices for inhaled drugs for the treatment of respiratory diseases such as chronic obstructive pulmonary disorders, asthma, and cystic fibrosis. Next generation nebulizers are increasingly gaining popularity among physicians and patients, as these are easy to use, convenient, noise free, and portable. The next generation nebulizers facilitate precise deposition of small fraction of nebulizing drugs at targeted region in the lungs. Different types of next generation nebulizers have been developed such as mesh nebulizers, pneumatic nebulizers, and ultrasonic nebulizers.
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Next Generation Nebulizers Market – Competitive Landscape
The global next generation nebulizers market is highly consolidated, with a small number of players holding prominent market share. Development and commercialization of mesh nebulizers and ultrasonic nebulizers is one of the key trends among the leading players operating in the global next generation nebulizers market.
Omron Healthcare Europe B.V.
Omron Healthcare Europe B.V. manufactures and sells automation components, equipment, and systems. The company focuses on respiratory diseases, lifestyle diseases, and health promotion. It also sells products such as electronic components, control equipment, and environmental solutions. Omron Healthcare Europe was a pioneer in electronic ticket gates and ATM machines with magnetic strip card reader. The company offers a range of products from home-use devices such as digital thermometers, next generation nebulizers, blood pressure monitors, and body composition monitors, the specialized medical equipment for identifying atherosclerosis arteries and examining visceral fat.
Philips Healthcare is a subsidiary of Koninklijke Philips N.V., commonly known as Royal Philips. Philips Healthcare is one of the global leaders in the development, manufacture, and commercialization of novel medical equipment and medical technologies across the globe. Philips Healthcare operates through four divisions: diagnostic imaging systems, home health care, customer services, and patient care & clinical informatics. The company focuses on complete cycle of care i.e., disease prevention through screening, diagnosis, and monitoring, and health management. It offers a range of conventional as well as next generation nebulizers.
Other prominent players operating in the global next generation nebulizers market include Copley Scientific, Hamilton Medical, Exsurco Medical, Inc., PARI Pharma GmbH, and Briggs Healthcare.
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Next Generation Nebulizers Market – Dynamics
High Prevalence and Incidence Rates of Respiratory Disorders to Drive Next Generation Nebulizers Market
The global next generation nebulizers market is primarily driven by high prevalence of respiratory disorders such as chronic obstructive pulmonary disorders, asthma, bronchiectasis, bronchitis, and lung fibrosis. According to the World Health Organization, more than 235 million people across the globe are suffering from asthma and around 338,000 deaths occurred in 2015 due to the disorder. It is one of the most common chronic diseases among children. Moreover, the WHO estimates that around 251 million people across the globe are affected by chronic obstructive pulmonary disorder and more than 3.17 million deaths occurred due to COPD in 2015. Moreover, technological advancements in the next generation nebulizers and several value added advantages of next generation nebulizers over conventional nebulizers are likely to fuel the growth of the global next generation nebulizers market during the forecast period.