Global Nebulization Masks Market 2019-2023 | Increasing Prevalence of Respiratory Diseases to Boost Demand | Technavio
LONDON--(BUSINESS WIRE)--Nov 30, 2018-- analysts forecast the global nebulization masks market to grow at a CAGR of over 6 % during the forecast period, according to their latest market research report. The growth momentum of the market is expected to accelerate due to the year-over-year growth.
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Technavio analysts forecast the global nebulization masks market to grow at a CAGR of over 6% by 2023. (Graphic: Business Wire)
Growing inclination toward home healthcare is one of the major trends being witnessed in the . Home healthcare care refers to the care by healthcare professionals and other informal caregivers such as families to patients at home. Owning to the simplicity of the nebulization mask, many patients with respiratory diseases are increasingly adopting these devices for use in home healthcare. Also, factors such as the increasing prevalence of chronic respiratory disorders, the rapidly rising aging population, and increasing awareness about nebulizers among the general population are increasing the demand for nebulization mask for home healthcare.
According to Technavio analysts, one of the key factors contributing to the growth of the global nebulization masks market is the increasing prevalence of respiratory diseases:
Global nebulization masks market: Increasing prevalence of respiratory diseases
Globally, the incidence of several respiratory diseases is increasing, and the prevalence of asthma is increasing rapidly in low and middle-income countries, especially in APAC. Also, globally, the aging population is growing rapidly causing a rise in respiratory diseases owing to advances in healthcare technology and the high availability of effective treatment options. The prevalence of chronic lung disorders and respiratory diseases is high among the aging population as the strength of respiratory muscles decreases with growing age. These factors are driving the demand for nebulization masks, which in turn, drive market growth.
According to a senior analyst at Technavio, “CDC says, 8.9 million adults in the US were diagnosed with respiratory diseases in 2016 and according to Eurostat, in 2014 there were 381,883 deaths due to diseases of respiratory system. Also, the respiratory diseases among the aging population are rising. In 2017, globally 650 million people were aged 65 years and above and the number will reach 810 million by 2025. Thus, increasing the respiratory diseases rapidly in the aging population.”
Global nebulization masks market: Segmentation analysis
The global nebulization masks market research report provides market segmentation by product (reusable nebulization masks and disposable nebulization masks) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas held the largest share of the market in 2018, accounting for more than 48% share. It was followed by EMEA and APAC respectively. The Americas is the largest revenue contributor to the global nebulization masks market due to the increasing prevalence of respiratory diseases and disorders, improved healthcare infrastructure and the strong market presence of key vendors.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: HEALTH RESEARCH OTHER SCIENCE MEDICAL SUPPLIES SCIENCE GENERAL HEALTH
SOURCE: Technavio Research
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PUB: 11/30/2018 02:29 PM/DISC: 11/30/2018 02:29 PM