Global Vibrating Mesh Nebulizer Market Will Reach USD 161.61 Billion By 2024: Zion Market Research

Global Vibrating Mesh Nebulizer Market Will Reach USD 161.61 Billion By 2024: Zion Market Research


New York, NY, Oct. 22, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Vibrating Mesh Nebulizer Market by Type (Piezoelectric Actuation and Others), by Application (Hospitals, Clinics, and Emergency Medical Centers), and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, global vibrating mesh nebulizer market was valued at approximately USD 96.07 billion in 2017 and is expected to generate revenue of around USD 161.61 billion by end of 2024, growing at a CAGR of around 7.83% between 2018 and 2024. 

The nebulizer is a device that is used to deliver medication in the form of a spray inhaled into the lungs. Nebulizer employs compressed air, oxygen, or ultrasonic power to breakup suspensions into minute aerosol droplets. These aerosol droplets can be directly inhaled from the mouthpiece of the nebulizer. Vibrating mesh nebulizer is a popular type of nebulizer. In vibrating mesh nebulizer, a mesh that contains 1,000-7,000 laser drilled holes vibrate at the top of the liquid reservoir and press out a mist of fine droplets. The size of droplets and their flow can be adjusted as per the requirements. Vibrating mesh technology is one of the most efficient technologies for nebulizers.

Browse through 54 Tables & 12 Figures spread over 110 Pages and in-depth TOC on “Global Vibrating Mesh Nebulizer Market Size, Share 2017: By Product Type, Industry Trends, Applications, Analysis and Forecast to 2024”.

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According to the World Health Organization (WHO), in 2016, asthma was one of the leading non-communicable diseases. For the record, near about 235 million people presently suffer from asthma. A large amount of asthma-related deaths occur in low as well as lower-middle income countries. According to the World Health Organization approximations released in December 2016, there were 383,000 deaths caused due to asthma in 2015. Increasing prevalence of diseases such as asthma, COPD, cystic fibrosis along with rising pollution levels as well as rapidly expanding geriatric population worldwide will drive the market growth. However, drug loss during delivery may hinder the market growth. Whereas, continued product demand by the aging population and increasing incidence of asthma, COPD, and cystic fibrosis are anticipated to create lucrative opportunities for vibrating mesh nebulizer market in the coming years.

The vibrating mesh nebulizer market is classified on the basis of type, application, and region. On the basis of type, the market is segmented into piezoelectric actuation and others. Piezoelectric actuation segment was the largest revenue generating segment in vibrating mesh nebulizer market in the year 2017, due to increased usage of piezoelectric actuation. Cost-effectiveness and easy accessibility of products are projected to have a positive impact on the segment growth. On the basis of application, the market is divided into hospitals, clinics, and emergency medical centers. 

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North America is the most important regional market and is likely to show a remarkable growth rate over the forecast period. According to the Center for Disease Control and Prevention in 2016, nearly 20.4 million adults and 6.1 million children had asthma. Asthma caused nearly 3,615 deaths in the year 2015. Additionally, healthcare devices have been gaining popularity in this region and the rising incidence of asthma and COPD among the obese population will further stimulate the industry growth in this region. Some of the reasons for the growth of this market are a higher demand for quality health products and wide adoption of nebulizer devices.

Europe represents a developed regional market for vibrating mesh nebulizer market and is expected to foresee rapid growth in the future.

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Growing prevalence of chronic respiratory diseases, easy product availability, and wide adoption of nebulizers will drive regional growth. In addition, the presence of major market players in this region, growing disposable income, and rising consumer spending on healthcare activities will further drive the regional market.

Developing regions such as Asia Pacific region are experiencing a major outbreak in the international vibrating mesh nebulizer market. Growing prevalence of chronic respiratory diseases will accelerate market growth in this region. Easy availability and greater adoption rate of nebulizers and growing disposable income along with rising consumer spending on healthcare will promote regional growth.

Browse the full “Vibrating Mesh Nebulizer Market by Type (Piezoelectric Actuation and Others), by Application (Hospitals, Clinics, and Emergency Medical Centers), and by Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024” report at https://www.zionmarketresearch.com/report/vibrating-mesh-nebulizer-market

The Middle East and Africa region are anticipated to witness a significant growth during the forecast period. Latin America is another important regional market and is estimated to witness moderate growth in the future, due to the thriving healthcare industry in countries such as Mexico, Brazil, and Rest of Latin America is expected to fuel the market growth in this region. Thus, all the above-stated factors are likely to push the market growth in this region.

Some of the key players in vibrating mesh nebulizer market are OMRON Corporation, PARI GmbH, Koninklijke Philips N.V., Jiangsu Yuyue Medical Instruments Co., Ltd., Health & Life Co., Ltd., Vectura Group Plc, Aerogen, and HCmed Innovations Co., Ltd., among others.

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This report segments the global vibrating mesh nebulizer market as follows:

Global Vibrating Mesh Nebulizer Market: by Type

  • Piezoelectric Actuation 
  • Others

Global Vibrating Mesh Nebulizer Market: by Application 

  • Hospitals
  • Clinics
  • Emergency Medical Centers

Global Vibrating Mesh Nebulizer Market: by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

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