Market Size of Global Vibrating Mesh Nebulizer Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 386.91 Million |
Market Size (2029) | USD 599.01 Million |
CAGR (2024 - 2029) | 9.13 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Global Vibrating Mesh Nebulizer Market Analysis
The Global Vibrating Mesh Nebulizer Market size is estimated at USD 386.91 million in 2024, and is expected to reach USD 599.01 million by 2029, growing at a CAGR of 9.13% during the forecast period (2024-2029).
Factors such as the increasing prevalence of chronic obstructive pulmonary disease (COPD), cystic fibrosis, and asthma, along with the growing demand for nebulizer devices, are expected to drive market growth. In addition, advancements in nebulization technology and the growing introduction of new mesh nebulizers are expected to fuel market expansion.
The high burden of respiratory conditions is expected to fuel market growth during the study period. For instance, according to June 2024 data from the Australian Institute of Health and Welfare, asthma is common in Australia. It affected around 2.8 million people in 2022. Additionally, as per the same source, asthma accounted for 2.5% of the overall disease burden in the country. Therefore, such a significant disease burden is projected to accelerate market expansion during the study period.
Additionally, according to November 2023 data from the World Health Organization (WHO), the burden of COPD has increased significantly over the years in China. In 2023, the country had around 100 million people living with COPD and accounted for almost 25% of all COPD cases globally. Hence, the high burden of respiratory conditions is one of the key factors contributing to the significant demand for vibrating mesh nebulizers, as vibrating mesh nebulizers offer efficient and targeted delivery of medication directly to the lungs due to their vibrating aerosol technology.
In addition, the enhanced dose delivery with the help of a vibrating mesh nebulizer and its efficiency in pulmonary dose delivery is expected to propel its adoption during the study period. Moreover, multiple articles have emphasized the optimization of dose delivery using vibrating mesh nebulizers. These characteristics associated with vibrating mesh nebulizers are expected to increase adoption rates.
For instance, an article published by Atmosphere in September 2023 demonstrated that optimizing the air inlet structures of vibrating mesh nebulizers (VMNs) is critical for enhancing the efficiency of pulmonary drug delivery. The article also highlighted the importance of air inlet structures for the future designs and development of vibrating mesh nebulizers. Therefore, such instances are expected to offer growth momentum for the market over the coming years.
Also, several benefits associated with vibrating mesh nebulizers over other types of nebulizers are projected to uphold their adoption rate during the study period. According to an article published in Frontiers in Drug Delivery in October 2022, vibrating mesh nebulizers have improved the ability to administer medical aerosols to small children and infants using nasal cannula. Additionally, their ability to deliver medication without the need for compressed gas has increased their use in medical settings.
Therefore, such great benefits associated with vibrating mesh nebulizers are projected to promote utilization over the coming years. Hence, all the above factors are expected to drive market growth over the coming years.
However, the stringent regulatory framework and high cost of devices are anticipated to hinder market growth during the forecast period.