Emphasis on Type (Active Mesh Nebulizers and Passive Mesh Nebulizers); Application (COPD, Asthma, Cystic Fibrosis, and Others); End-User (Hospitals & Clinics, Emergency Centers, and Home Use); Region/Country.
The vibrating mesh nebulizers market was valued at USD 342.40 Million and is expected to grow at a strong CAGR of around 9.2% during the forecast period (2023-2030) owing to surge in the incidences of respiratory diseases. Chronic respiratory diseases (CRDs), such as asthma, chronic obstructive pulmonary disease (COPD), and cystic fibrosis, have been on the rise globally, and they pose significant health challenges. The increase in these conditions has driven the demand for effective drug delivery devices, such as vibrating mesh nebulizers.
Asthma: Millions of people worldwide suffer from asthma. In 2021, the WHO reported that the global prevalence of asthma had increased to an estimated 264 million people. This represents a 10% increase in just four years. The increase in prevalence is thought to be due in part to factors such as urbanization, air pollution, and changes in lifestyle and diet.
COPD: COPD, characterized by persistent airflow limitation and respiratory symptoms, has seen a rise in prevalence globally. This upward trend is attributed to several factors, including aging populations, continued exposure to risk factors such as smoking and air pollution, and improved diagnostic capabilities. The growing number of individuals affected by COPD necessitates effective treatment options and drives market growth. As of the last available data, more than 3 million people die from COPD each year, which is roughly 6% of all deaths globally. It’s largely caused by tobacco smoking and exposure to indoor and outdoor air pollutants.
Other conditions, such as cystic fibrosis and interstitial lung diseases, also contribute to the increasing prevalence of CRDs.
Some of the major players operating in the Aerogen; APEX MEDICAL CORP.; Koninklijke Philips N.V.; OMRON Healthcare, Inc.; HCmed Innovations Co., Ltd.; PARI GmbH; Hamilton Medical; HEALTH & LIFE CO., LTD.; Rossmax International Ltd.; and Briggs Healthcare. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, the passive mesh nebulizers segment to grow with high CAGR during the forecast period”
Based on the type, the market is bifurcated into active mesh nebulizers and passive mesh nebulizers. Passive mesh nebulizers are a type of medical device that is similar to active mesh nebulizers in that they use a mesh-like structure to break up liquid medication into small droplets. However, unlike active mesh nebulizers, passive mesh nebulizers do not use electricity to create the mist. Instead, the droplets are created through the process of osmosis, as water is drawn through the mesh. One of the main driving factors for the use of passive mesh nebulizers is their low cost. These devices are typically less expensive than active mesh nebulizers, which can be an important consideration for patients who are uninsured or underinsured. Additionally, passive mesh nebulizers are often less complex and require less maintenance than active mesh nebulizers, which can further reduce costs. Another factor that has contributed to the use of passive mesh nebulizers is their simplicity. These devices are typically easy to use and require minimal setup, which can make them a good choice for patients who have limited technical skills or who are not able to use more complex devices.
“Amongst application, the COPD category to held dominant share of the market in 2022”
By application, the market is categorized into COPD, asthma, cystic fibrosis, and others. The COPD segment held a dominant share of the market in 2022. Chronic obstructive pulmonary disease (COPD) is a lung condition that affects millions of people worldwide. ctive mesh nebulizers can be an effective option for delivering medication to patients with COPD, as they offer several advantages over other nebulizers. These advantages include their ability to deliver medication in a fine mist, which can be more easily inhaled by patients with COPD, and their compact and portable design, which makes them easy to use at home or on the go.
“Amongst end user, the home use category to grow with significant CAGR during the forecast period”
Based on end-user, the market is segmented into hospitals & clinics, emergency centers, and home use. The home use category is expected to grow with a significant CAGR during the forecast period. The adoption of home use devices is rising as a result of product miniaturization and technological advancements. In addition, some of the high-impact rendering drivers for home use devices are anticipated to be the growing geriatric population, the high incidence of target diseases, and the growing need to reduce healthcare expenditure. The vibrating mesh nebulizer market is anticipated to grow as the cost-effective alternative to costly hospital stays is home healthcare. The simple accessibility of conservative nebulizers that are great for home use and mechanical developments in nebulizers to diminish the sound made by them and to further develop their usefulness are expanding their reception in-home medical care.
“North America held a dominant share of the market in 2022”
North America held the dominant share of the market and is expected to do so even in the forecast period. North America vibrating mesh nebulizers market is driven by factors such as the increasing prevalence of respiratory diseases, rising awareness about the benefits of inhalation therapy, and technological advancements in nebulizers. The increasing number of patients suffering from chronic respiratory diseases such as asthma, COPD, and cystic fibrosis is leading to a growing demand for nebulizers. Moreover, the availability of various types of nebulizers, including vibrating mesh nebulizers, portable nebulizers, and compressor nebulizers, is also driving the market.
Vibrating Mesh Nebulizers Market Report Coverage
Reasons to buy this report:
Customization Options:
The global vibrating mesh nebulizers market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Research Methodology for the Vibrating Mesh Nebulizers Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global vibrating mesh nebulizers market were the three major steps undertaken to create and analyze the adoption of vibrating mesh nebulizers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global vibrating mesh nebulizers market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the vibrating mesh nebulizers market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the vibrating mesh nebulizers market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component type, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the vibrating mesh nebulizers market. Further, we conducted factor analysis using dependent and independent variables such as component type, application, and end user of the vibrating mesh nebulizers market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the vibrating mesh nebulizers market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global vibrating mesh nebulizers market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global vibrating mesh nebulizers market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, application, and end user in the global vibrating mesh nebulizers market.
The main objective of the Global Vibrating Mesh Nebulizers Market Study
The current & future market trends of the global vibrating mesh nebulizers market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Customers who bought this item also bought