Nebulizer Market Size, Share, & Trends Analysis Report By Type (Jet, Mesh, Ultrasonic), By Application (COPD, Asthma, Others), By End-use (Hospitals & Clinics, Emergency Centers), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the nebulizer market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for nebulizer market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of nebulizer market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Nebulizer Market Categorization:

The nebulizer market was categorized into four segments, namely type (Jet, Mesh, Ultrasonic), application (COPD, Cystic Fibrosis, Asthma), end-use (Hospitals And Clinics, Emergency Centers, Home Healthcare), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The nebulizer market was segmented into type, application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The nebulizer market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; Germany; the UK; France; Italy; Spain; Denmark, Sweden, Norway, China; Japan; India; Thailand; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Nebulizer market companies & financials:

The nebulizer market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• OMRON Corporation - Automation solutions, equipment, and various other components for automotive as well as healthcare industries are manufactured by OMRON Corporation. The world’s first electronic ticket gate was developed by the company. Within the healthcare sector, the company develops blood pressure monitors, nebulizers, pedometers, and digital thermometers. The company has four manufacturing sites and three research & development centers. OMRON was also listed in the Thomson Reuters list of top 100 global innovators in 2013.

• Koninklijke Philips N.V. -  The company is one of the conglomerates that functions in three main segments which include, electronics, lighting, and healthcare. The products of the company are known and trusted by the customers across these divisions. The company has a presence in 60 countries. The company provides a wide range of services including resuscitation solutions and emergency care within the healthcare segment. Various healthcare companies such as ATL Ultrasound, ADAC Laboratories, Marconi Medical Systems and Agilent Technologies Healthcare Solutions Group are also acquired by the Koninklijke Philips N.V.

• Vectura Group plc - Operating on a global scale, Vectura Group plc is involved in the creation, development, and distribution of pharmaceutical products aimed at treating diseases related to the airways. The company's product portfolio includes a DPI device & bronchodilator, Neohaler & Seebri Breezhaler, AirFluSal Forspiro, Ellipta, Trelegy Ellipta, and Anoro Ellipta, all of which are used in the management of COPD and asthma. In addition, Vectura is conducting phase 2 and 3 clinical trials for VR315(US), VR647(US), & VR475(EU)S, which are intended for the treatment of pediatric asthma in adults & adolescent patients. The company also provides nebulized devices, dry powder inhalers, and pressurized metered dose. Vectura boasts a customer base of approximately 9 million worldwide.

• PARI Pharma - Headquartered in Germany, PARI Pharma specializes in the creation and production of aerosol delivery devices for nebulized therapies, leveraging its unique technologies. It operates as a subsidiary of Pari GmbH. The firm's innovative e-Flow technology aims to alleviate the treatment load for patients suffering from respiratory ailments and enhance deposition in the lower respiratory tract. The firm has a significant footprint in countries like the U.S., the UK, Russia, and France. Its reusable nebulizers have been utilized in numerous critical studies to demonstrate effectiveness. Notable examples include AstraZeneca's Pulmicort Respules, Sunovion's Xopenex and Brovana, and Genentech's Pulmozyme, among others.

• Briggs Healthcare - Serving more than 50,000 clients, Briggs Healthcare is a privately held organization. The company has a wide range of its product portfolio which includes, HealthSmart, MABIS, DMI, and Steins. In addition, services such as medical supplies, respiratory care, walking aids, soft goods, diagnostic, and foot care are also provided by the company. Respiratory care products consist of steam inhalers, pulse oximeters, humidifiers, and other accessories.

• Beurer GmBH - One of the leading multinational companies, Beurer GmbH is involved in the manufacturing, promotions, sales, and R&D, of kitchen & bathroom scales, pulse watches, and nebulizers & footbaths. The company also provides flexible heating products such as special & classic heating pads, electric over blankets, and electric under blankets. The products related to weight measurement include glass, kitchen, mechanical, humidifiers, air washers, and glass diagnostics are also offered by the company. The products are distributed on an international level by the company through its large distribution network.

• Rossmax International Ltd. - A global player in the healthcare sector, Rossmax International Ltd. focuses on prevention, monitoring, and therapeutic solutions. The company's product portfolio spans across various health domains such as obesity, fitness, respiratory care, hypertension, hot & pain therapy, fever management, sleep disorders, and wound healing. Rossmax's products, which are clinically validated and adhere to the latest quality standards, are distributed in over 80 countries worldwide. The company is a market leader in the manufacturing of blood pressure monitors and boasts an extensive range of nebulizer devices. Additionally, Rossmax provides products like automatic wrist, real fuzzy upper arm, and semiautomatic upper arm blood monitors. The company has a presence in more than 84 countries globally.

• BD - BD company operates through two main divisions including BD Life Sciences and BD Medical. The company is a global entity that specializes in the creation, production, and distribution of devices, diagnostic products, and lab equipment. BD Life Sciences offers a variety of products designed for the collection and transportation of biospecimens for diagnostics, as well as diagnostic instruments and reagents for identifying infectious and chronic diseases. On the other hand, BD Medical focuses on the production of medical devices and consumables that are essential for clinical and hospital settings.

• Medline Industries, Inc. - Medline Industries, Inc. is a firm that excels in the distribution of medical devices and the production of medical supplies. Their product range includes items for wound and skin care, central sterile apparatus, furnishings, gloves, infection control, laboratory supplies and diagnostics, linen and sanitation supplies, nursing and patient care, patient clothing, perioperative provisions, pharmaceuticals and nutrition, respiratory therapy, and incontinence management. They also provide supply and clinical solutions tailored for hospitals and clinical research organizations.

• GF Health Products, Inc. - GF Health Products, Inc. is a producer of medical supplies. The firm provides an extensive range of over 50,000 items for individuals receiving care in homes, clinics, long-term care facilities, and hospitals. The company markets its products under several major brands, including Lumiscope Consumer Diagnostics, Simmons Clinical Care Support Surfaces, Grafco Medical-Surgical Products, Labtron Diagnostic Equipment, John Bunn Respiratory Products, Hausted Surgical Stretchers & Chairs, Basic American Medical Products Beds & Furnishings, Lumex Patient Aids & Healthcare Seating, and Everest & Jennings Wheelchairs. GF Health Products, Inc. operates manufacturing plants in Fond-du-Lac, WI & Doraville, GA, Warwick, & RI, and has distribution centers in Pico Rivera, CA, Fond-du-Lac, WI, Hazelwood, MO, Edison, NJ, Doraville, & GA.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Nebulizer Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Nebulizer Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.