Smart Nebulizer Market : Current Analysis and Forecast (2022-2030)
Emphasis on Type (Portable Smart Nebulizers, Handheld Smart Nebulizers, And Table-Top Smart Nebulizers); Application (Chronic Obstructive Pulmonary Disease (COPD), Cystic Fibrosis, Asthma, and Others); End-User (Hospitals & Clinics, Emergency Centers, and Home Healthcare); and Region/Country
The smart nebulizer market was valued at 315.05 USD million and expected to grow at a strong CAGR of 12.05% during the forecast period (2022-2030). Around the globe, respiratory conditions like asthma and chronic obstructive pulmonary disease (COPD) are becoming more common due to smoking and air pollution. As per the stats of the World Health Organization, in March 2023, in high-income nations, smoking cigarettes is responsible for more than 70% of COPD cases. Smoking contributes to 30–40 percent of COPD cases in low- and middle-income countries (LMIC), and household air pollution is a major risk factor. These sicknesses can cause coughing, wheezing, and trouble breathing, and can be dangerous in serious cases. Thus, the use of smart nebulizers and other medication delivery devices can assist in delivering medication directly to the lungs, making them an efficient treatment option for respiratory conditions. Adding to this, the increasing use of technology in healthcare is driving the adoption of smart nebulizers. Moreover, patients can manage their condition easily due to the availability of medication tracking and reminder apps for their smartphones.
Some of the major players operating in the market OMRON Corporation, Briggs Healthcare, Vectura Group Ltd, PARI GmbH, Koninklijke Philips N.V., Briutcare, GE HealthCare, AireHealth, Beurer GmbH, BPL Medical Technologies. 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 applications, the asthma segment held the dominant share in 2021.”
On the basis of application, the market is segmented into chronic obstructive pulmonary disease (COPD), cystic fibrosis, asthma, and others. asthma segment held the dominant share in 2021. The rise in the prevalence of asthma cases globally is the major reason for the large share of the segment in the smart nebulizer market. According to the World Health Organization, on May 2023, the most prevalent chronic disease among children is asthma, a major noncommunicable disease (NCD) that affects both children and adults. The report of the Asthma and Allergy Foundation of America stated that around 9.7% of female grown-ups have asthma, contrasted with 6.2% of male grown-ups. It is the most common chronic illness in children. Presently, there are around 4.8 million kids younger than 18 with asthma in 2021.
“Amongst end-users, the emergency centers segment is expected to grow at a higher CAGR during the forecast period.”
On the basis of end-user, the market is segmented into hospitals & clinics, emergency centers, and home healthcare. As per our analysis, the emergency centers segment is expected to grow at a higher CAGR during the forecast period. As per the National Center for Environmental Health, in 2022, around 56.8 (7.6) crude rates per 10,000 population are emergency department visits due to asthma in 2019. Smart nebulizers are especially valuable in crisis circumstances since they are more compelling at conveying prescriptions to the airways routes and working on breathing than customary nebulizers. They can help patients manage their symptoms and increase their chances of survival by delivering bronchodilators and other medications quickly and effectively.
“Asia Pacific is expected to grow with the highest CAGR smart nebulizer market during the forecast period.”
Asia Pacific is expected to grow with the highest CAGR Smart nebulizer market during the forecast period due to its growing demand for smart nebulizers can be attributed due to increased air pollution and the burden on medical care administrations because of the expanded number of instances of COPD and asthma. Also, smart nebulizers are being utilized to oversee COPD and asthma, further driving the market development appropriately. In addition, the Asia-Pacific region is seeing an increase in both the rate of urbanization and the number of people suffering from respiratory conditions.
Smart Nebulizer Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Smart nebulizer 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.
Table of Contents
Research Methodology for the Smart Nebulizer Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Smart nebulizer market were the three major steps undertaken to create and analyze the adoption of Smart 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 global Smart nebulizer 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 Smart nebulizer 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 Smart nebulizer 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 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 Smart Nebulizer market. Further, we conducted factor analysis using dependent and independent variables such as type, application, and end-user of the Smart nebulizer 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 Smart nebulizer 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 Smart nebulizer 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:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Smart Nebulizer market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Smart nebulizer market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
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 Smart Nebulizer 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 Smart nebulizer market.
The main objective of the Global Smart Nebulizer Market Study
The current & future market trends of the global Smart nebulizer 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:
- Analyze the current and forecast market size of the Smart nebulizer market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, application, and end-user.
- Define and analysis of the regulatory framework for the Smart nebulizer industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Smart nebulizer market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Smart nebulizer market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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