Nebulizing Masks Market Scope
Increasing prevalence of respiratory disorder demands nebulizer medicines which are likely to boost the Nebulizing masks market. Continuous research and development activities focus on development of Nebulizing masks with new material. For instance, cotton woven fabric has potential to resist and recover from creases and wrinkles. Additionally, utilization of Nebulizing mask can increases the quantity of aerosol deposited on the eyes, face, and into the nose that causes irritation. This disadvantage has been limiting the overall growth of the market. Moreover, it has been observed that many patients having respiratory diseases have been started using Nebulizing masks in home which is one of the factors for boosting the growth of the market.
According to AMA, the Global Nebulizing Masks market is expected to see growth rate of 4.0%The Players having a strong hold in the market are Omron Healthcare, Koninklijke Philips, Allied Healthcare Products. Research Analyst at AMA estimates that United States, Asian and European Players will contribute to the maximum growth of Global Nebulizing Masks market throughout the predicted period.
DeVilbiss Healthcare (United States), Hsiner (Taiwan), Allied Healthcare Products (United States), Wright Medical Group (United Kingdom), Medical Depot, Inc. (Canada), Omron Healthcare (Japan), Pari Home Health Clinic (India), Pic Solution (United Kingdom), Koninklijke Philips (Netherlands) and BLS Systems (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Yilkal Medikal (Turkey), KOO Industries (China), VADI MEDICAL TECHNOLOGY CO., LTD (Japan) and Besmed Health Business (Taiwan).
Segmentation Overview
The study have segmented the market of Global Nebulizing Masks market by Type (Adult Mask and Children Mask), by Application (Hospital, Clinics and Others) and Region with country level break-up.
On the basis of geography, the market of Nebulizing Masks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing R&D activities on improvements in materials of nebulization masks and Rising inclination toward home healthcare
Market Growth Drivers:
Increasing Geriatric Population and Growing Numbers of Preterm Births
Challenges:
Harmful Effects such as Irritation
Restraints:
Availability of Low Cost Products from Local Player
Opportunities:
Increasing Demand for Home Care Devices and Rising Demand from Emerging Economies particularly from Asian Countries
Market Leaders and their Expansionary Development Strategies
In March 2019, Koninklijke Philips had acquired Carestream Health (Provider of medical imaging solutions). This acquisition helps Koninklijke Philips to offer IT for hospitals, specialty medical clinics and imaging centres. This can increase the company’s global reach, thereby increasing the opportunity for the company
In October 2018, Kononklijke Philips had launched InnoSpire Go. InnoSpire Go is the smallest, portable, effective and low weight portable hand-held nebulizer. Additionally, the product has proven to reduce time of treatment by about 25 percent. The advantage of the product can create more opportunity for the company.
Key Target Audience
Regional Government, Military Organizations, Defense Organizations and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.