Global nebulizers market estimated to reach USD 937.7 million by 2019
According to a report published by Transparency Market Research, the global nebulizers market is expected to account for USD 937.7 million by 2019. Nebulizers constituted a global market worth USD 610.0 million in 2012. It is estimated to grow at a CAGR of 6.5% over 2013-2019. Factors contributing to the market growth include, increase in the prevalence of chronic obstructive pulmonary disease (COPD) and asthma, and adoption of government initiatives to reduce the prevalence of respiratory diseases. North America led the market in 2012 by capturing the largest chunk of market share. New opportunities are emerging for companies manufacturing nebulizers since a high number of people in regions such as Asia Pacific and Latin America suffer from COPD due to the high pollution levels and other environmental factors. Investments in these regions are thus expected to provide good returns in the future.
(Image Courtesy: IBSRT)