The Business Research Company’s Nebulizers Market. The report covers market size, key players, market share and trends to 2030.
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Nebulizers Market is one of a series of new reports from The Business Research Company that provide Nebulizers market overviews, analyze and forecast market size and growth for the whole market, Nebulizers market segments and geographies, Nebulizers market trends, Nebulizers market geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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The nebulizer devices market consists of sales of nebulizers by entities (organizations, sole traders and partnerships) that produce nebulizers used in respiratory care for patients with respiratory diseases including asthma, cystic fibrosis and COPD. A nebulizer is a drug delivery device that changes medication from a liquid to a mist form (fine droplets or aerosols) for direct inhalation into the lungs. The components that make up a nebulizer include air filters, tubing, and compressor to deliver medication to the user in a vaporized form.
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The global nebulizers market reached a value of nearly $833.8 million in 2019, having grown at a compound annual growth rate (CAGR) of 6.6% since 2015. The global nebulizers market is expected to grow from $833.8million in 2019 to about $1,667.6 million in 2020 due to an increase in demand for the use of nebulizers for at-home care for people suffering from various lung conditions. The market is expected to slowdown to $1,042.3 million in 2021, when compared to 2020, owing to a demand decrease, as the pandemic situation stabilizes. However, this market size is expected to be higher compared to the 2019 nebulizer market`s value. The global nebulizers market is expected to grow at a CAGR of 10.9% during 2019-2023 to nearly $1,263.4 million by 2023. Also, the market is expected to grow to $2,606.6 million in 2030 at a CAGR of 10.9%.
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