Global Nebulizer Market Report and Forecast 2024-2032

Global Nebulizer Market Outlook

The global nebulizer market size was valued at USD 1.14 billion in 2023, driven by the increasing prevalence of respiratory diseases across the globe. The market is expected to grow at a CAGR of 6% during the forecast period of 2024-2032, with the values likely to rise from USD 1.21 billion in 2024 to USD 1.93 billion by 2032.

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Global Nebulizer Market Overview

Nebulizers find their application to treat multiple indications such as asthma, COPD, and cystic fibrosis. Due to the high prevalence of smoking, and rapid industrialization, pollution levels are on the rise and there has been a significant upswing in respiratory disorders. Incidence of chronic diseases such as (chronic obstructive pulmonary disease) COPD is constantly on the rise and is expected to affect around 600 million  people globally by 2050, leading to a substantial surge in the nebulizer market demand in the forecast period.

The market is driven by an increasing incidence of product launches focused on design improvements to offer customized and improved solutions to the patients. In addition, growing awareness of respiratory illnesses and the increasing accessibility of nebulizers are driving the growth along with Increasing investments by the key market players in the research and development of several new nebulizers with cutting-edge features.

Rising Prevalence for Portable Nebulizers

With increasing advancements in medical device manufacturing and a rising integration of novel technologies in the healthcare ecosystem, there has been significant nebulizer market growth with the development of new devices. In January 2023, Synergy Life Science, Inc.,  launched Nebi, the first battery operated and compact nebuliser to be used for multiple respiratory indications. To beat the issues related to conventional nebulizers, the new device is equipped with a rechargeable battery, and is based on interchangeable, and replaceable cartridges. It can also be used in cannabis, wellness, and smoking cessation therapies and possesses the potential to be used in multiple treatments.

Surge Research Activities to Develop IoT based Nebulizers and Boost Nebulizers Market Share

To offer precise and timely drug dosage, scientists have developed an IoT based nebulizer which work by providing an intelligent airflow. Breath Enhanced Technology (BET)  is used in modern commercial nebulizers, as it offers controlled drug delivery and monitors asthma attacks with respect to frequency and time. With prompt monitoring, patients can receive improved treatment and prevention from fatal complications as well. The new technology offers an advantage over normal circuits, which are a more tedious process to manage.

Increasing Investments to Develop New Devices

In October 2022, Qnovia secured USD 17 million funding to develop an effective nicotine replacement therapy for humans with the help of a breath-activated, hand-held vibrating mesh nebulizer that generates aerosol for inhalation. The rising investments to bring improved and effective patient outcomes to poised to expand the nebulizer market size in the forecast period. The company aimed at developing an effective device that offers precise dosage along with optimal delivery to the lungs. With multiple partnerships, the company also plans to expand their research and offer treatment for multiple respiratory indications.

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Global Nebulizer Market Segmentation

Market Breakup by Product Type

• Jet Nebulizer

• Ultrasonic Nebulizer

• Mesh Nebulizer

Market Breakup by Portability
 

• Digital Nebulizer

• Analog Nebulizer

Market Breakup by Applications

• COPD

• Cystic Fibrosis

• Asthma

• Others

Market Breakup by End User

• Hospitals

• Clinics

• Homecare Settings

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Global Nebulizer Market Regional Analysis

The United States is expected to lead the market share in coming years. The market share can be attributed to a robust medical and research infrastructure. The presence of prominent healthcare companies, along with academic and research institutions, plays a pivotal role in driving the market value.

In the forecast period, Asia Pacific region is poised to experience significant nebulizer market growth, with countries like China, India, and Japan emerging as the biggest markets. The growth can be attributed to the increasing prevalence of respiratory disorders such as COPD, asthma, and cystic fibrosis and rising merger activities between native and international companies. For instance, AeroRx Therapeutics  (a United States based inhalation company) and a Taiwan based startup, HCmed Innovations collaborated to develop a breath-actuated nebulizer in combination with LABA/LAMA (long-acting muscarinic antagonist/long-acting beta agonist).

Global Nebulizer Market: Competitor Landscape

In June 2023, Liquidia Corporation and Pharmosa Biopharm  announced their collaboration to develop and commercialise L606, a controlled release and inhalation-based formulation of Treprostinil, under clinical trial evaluation for treating pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The collaboration is anticipated to cost around USD 10 million and as per the terms of agreement, Liquidia is expected to develop and take control of the regulatory and commercial activities while Pharmosa will help in establishing a global supply chain and manufacture clinical and commercial supplies. The market has been witnessing several mergers and acquisitions amongst developed and budding organizations to diversify their product portfolio and establish a solid market presence.

The key features of the nebulizer market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Adherium

• AstraZeneca

• Boehringer Ingelheim International GmbH

• Cohero Health, Inc.

• GSK Group of Companies

• Teva Pharmaceutical Industries Limited

• Vectura Group Ltd.

• Propeller Health

• Novartis AG

• OPKO Health Inc.

• AptarGroup, Inc.

• Sensirion AG

• Teleflex Medical, Inc.

• Trudell Medical International

• Briggs Healthcare

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report