Air Pollution To Take Nebulizer Market to Cross $1,698.1 Million by 2030

Air pollution kills over 7 million people around the world each year, says the World Health Organization (WHO). To make matters worse, the level of contamination in the air is rising sharply, especially in emerging economies such as China and India. This factor would be instrumental in driving the global nebulizer market from $765.1 million in 2019 to $1,698.1 million in 2030 at a steady 7.4% CAGR between 2020 and 2030.

For instance, the air quality index (AQI) in Delhi in 2019 oscillated between 300 and 1,000, which is considered extremely dangerous. Households, manufacturing units, thermal power plants, and the transport sector are the key sources of air pollution, which are leading to an increase in the deaths attributed to asthma, chronic obstructive pulmonary disease (COPD), and other respiratory issues. This is driving the nebulizer market, as such appliances are used to aerosolize the medication and deliver it directly to the lungs.

In today’s times, nebulizer sales are rising rapidly on account of the COVID-19 epidemic. The vast shortage of these devices in medical settings is helping the growth of the nebulizer market, as COVID-19 is a lung infection, which is rampaging around the world. Manufacturers of this device have raised their production in order to cater to the widespread demand for them coming from private, as well as government healthcare organizations.

In the years to come, the mesh category will witness the fastest advance in the nebulizer market, based on product type. Numerous technological advancements are being carried out in mesh nebulizers, and a large number of these devices are also undergoing clinical trials.

The portable bifurcation, on the basis of portability, held the larger share in the nebulizer market in the past. On account of the increasing geriatric population, the demand for compact nebulizers, for home use, is rising. As per the UN, the population of people aged 65 and above will surge from 703 million in 2019 to 1.5 billion by 2050.

In the coming years, the nebulizer market is predicted to experience the highest CAGR, of 7.9%, in the asthma category, under the application segment. Asthma is one of the most prevalent chronic respiratory diseases in the world, with more than 339 million people, a lot of them children, suffering from it presently. Asthma is directly tied to air pollution, and with the increasing levels of the latter, the cases of this disease are rising rapidly.

Browse report with detailed TOC on Nebulizer Market Growth Forecast to 2030



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