Global Pneumatic Nebulizers Market – Overview
In recent years, there has been an incisive change in preference from invasive to non-invasive drug delivery methods. In addition to this, the treatment is also quite cost effective. All these factors have been key in driving the demand and thus the development of the global pneumatic nebulizers market. Furthermore, development of the home-based healthcare and easy usability of these devices have also helped in improving their popularity.
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Global Pneumatic Nebulizers Market - Competitive Landscape
The competitive landscape of the global pneumatic nebulizers market is a fragmented one because of the presence of several key players. The companies in the market are trying to bring in innovative products in order to cater to the evolving demands of their consumers. Moreover, they are spending heavily on the research and development activities as well.
Some of the key companies in the global pneumatic nebulizers market are DeVilbiss Healthcare, PARI Medical, Becton Dickinson and Company, Salter Labs, Briggs Healthcare, Heyer Medical AG, and Phillips Respironics among others.
Global Pneumatic Nebulizers Market – Drivers and Restraints
There are myriad of factors that are helping to drive the growth of the global pneumatic nebulizers market. One of the biggest driving factors for the development of the global market is the increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease (COPD), asthma, and cystic fibrosis among others. These disorders present a huge health burden across the globe. WHO predicts that there are around 200 million people who are suffering from COPD and more than 235 million people are suffering from asthma across the globe. Such increasing number of patient pool is helping to push the overall development of the global pneumatic nebulizers market in coming years.
Other important driving factors for the development of the market are rising geriatric population, increasing prevalence of chronic health and respiratory conditions, and increasing demand for non-invasive drug delivery techniques. Furthermore, rising cases of chronic bronchitis with increasing age is also helping to drive the development of the global pneumatic nebulizers market.
Pneumatic nebulizers are highly easy to operate and they are quite cost efficient as well in comparison with other nebulizers. In addition to this, they are also quite suitable for large number of patients and thus their adoption rate is quite high. Furthermore, medical and technological advancements are also helping to drive the development of the global pneumatic nebulizers market.
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Global Pneumatic Nebulizers Market - Geographical Outlook
The global pneumatic nebulizers market has a huge geographical landscape feature five main regions. These regions are North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, the current global market is being dominated by the regional segment of North America. The US in particular has been the leading consumer and contributor for the development of the pneumatic nebulizers market in North America. Increasing governmental initiatives and campaigns to cut down the growth rate of pneumonia, medical and technological advancements, and increasing prevalence of respiratory disorders are some of the key factors that are helping to drive the growth of the North America market.
On the other hand, the regional segment of Asia Pacific is projected to witness a highly promising rate of growth in the coming years of the forecast period. China in particular is expected to drive the growth of the market in the region. Rising cases of respiratory diseases because of smoking and pollution, and increasing number of baby boomers are some of the prominent growth factors fueling the development of the pneumatic nebulizers market.
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