Healthcare systems across the globe are undergoing a major transformation as the governments in developing economies, such as India and China, are strongly encouraging technology adoption. As this new initiative is contributing toward a better healthcare ecosystem, the importance of preventive care is likewise increasing, thereby driving the need for pneumatic nebulizers.
In the present day, technological advances, which can shorten the length of hospital stay, reduce overall patient expenditure, and offer efficient treatment alternatives are picking up pace. This trend is leading to a rise in the incorporation of wireless and remote devices as well as minimally-invasive treatments. The increasing awareness regarding pre-assessment hospitalization and preventive care is also promoting investments in the home care and self-monitoring segments of the medical devices sector.
Strategies adopted in Pneumatic Nebulizers Market
The emerging trend of online purchase of medical devices is a contributing factor rendering Asia Pacific the fastest growing region. For instance, in July 2015, Tribeca Care launched its online healthcare store to furnish consumers with convenient access to homecare respiratory products. The online store has brought medical brands such as Philips, Omron, Nidek, Karma, ResMed and Vissco under one roof.
Sector participants are acquiring respiratory businesses either to expand their product portfolio or gain entry into lucrative markets. For instance, in December 2015, AstraZeneca acquired the core respiratory business of Takeda Pharmaceutical Company Limited for USD 575.0 million. The acquisition provides AstraZeneca with access to other marketed products and devices as well as pipeline products that belong to Takeda Pharmaceutical Company.
In January 2014, Royal Philips signed an agreement to acquire the home-care business belonging to Aerogen Ltd. The acquisition of Aerogen’s home care technology helped Philips expand its home care nebulizer portfolio. With increasing importance of home care and acute care drug delivery systems, this acquisition is expected to enable Philips’ entry in the home care medical devices industry
In-depth report on global pneumatic nebulizer market by Grand View Research: