Let’s dissect some of the latest facts and figures about the resuscitation masks industry
The global nebulization mask market is expected to grow at a CAGR of more than 6% during the forecast
Nebulization mask industry growth is expected to accelerate massively over the next five years driven by the increasing prevalence of respiratory disorders that require nebulization procedure with the help of nebulizer medicines. Globally, the incidences of respiratory disorders such as COPD, asthma, and lung cancer are on the rise, which is expected to raise awareness and promote the benefits of nebulizer treatment. According to Eurostat, there were more than 380,000 deaths due to respiratory disorders in Europe in 2014. The prevalence of asthma is also growing rapidly in low- and middle-income countries which is likely to add substantially to the demand for nebulization procedure and nebulizer medicine over the next few years. Technavio’s nebulization mask industry analysis reveals promising markets around the world.
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The Americas will be the largest driver of growth for the global nebulization mask market
About 48% of the incremental growth of the global nebulization mask market will originate from the Americas during the forecast period, while EMEA and APAC will make smaller yet significant contributions to the market growth. In addition, the Americas held almost half the share of the global nebulization mask market, followed by EMEA and APAC respectively. However, APAC is forecasted to generate the fastest growth in the global nebulization mask market over the next five years while the Americas will register a higher CAGR than EMEA during the same period.
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Allied Healthcare Products, Besmed Health Business, and Koninklijke Philips are among the leading nebulization mask manufacturers
The global nebulization mask market is slated to stay reasonably fragmented with the presence of several manufacturers who offer products such as reusable nebulization masks and disposable nebulization masks. Most of the vendors are framing various marketing strategies such as offering discounts or promotional offers online, which has led to an increase in the number of online purchases. Many international and regional nebulization mask manufacturers are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers.
This report offers a complete analysis of several companies, including:
- Allied Healthcare Products
- Besmed Health Business
- Koninklijke Philips
- Medical Depot
- OMRON
- PARI
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