A new market research report by Future Market Insights on the mucosal atomization devices market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. Mucosal atomization devices market was valued at ~US$ 400 Mn in 2018, and is expected to increase at a robust CAGR of ~7% during the forecast period. The demand growth is majorly driven by superior efficiency and painless drug delivery nature of mucosal automization devices, according to the report.
The market is still young, and FMI’s analysis expects a considerable increase in penetration rate over the course of coming years, in line with the thriving trends, such as non-invasive treatments and needleless drug delivery systems.
Developed regional markets are expected to hold prominent market share in terms of value. The market in Asia Pacific is also expected to grow at a significant rate. North America is expected to account for leading revenue shares in the mucosal atomization devices over the foreseeable future, predominantly attributing to the technological advancements in the field of healthcare. The rate of adoption of drug delivery devices has been envisaged to remain high in Europe, which is driving the region’s mucosal atomization devices market. On the other side, the market in Asia Pacific is expected to grow at a significant growth rate as a result of the increasing frequency of new and efficient medical device launches.
Mucosal Atomization Devices Market Segmentation
The global market of mucosal atomization devices has been segmented on the basis of product type, technology, end user and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa
For More Detailed Insights on Mucosal Atomization Devices Market
By product type, nasal atomization devices are expected to hold prominent value shares of the global mucosal atomization devices market. Nasal passage is the most common route of administration, hence, nasal atomization devices are expected to show significant growth in the mucosal atomization devices market.
On the basis of technology, gas propelled atomization devices are expected to hold a large revenue share in the mucosal atomization devices market. Most of the key players operating in mucosal atomization devices market, are manufacturing gas propelled mucosal atomization devices.
On the basis of end user, hospitals hold a significant share in the mucosal atomization devices market. The number of hospitals are increasing, especially in the developed regions, which is expected to increase the demand for mucosal atomization devices, increasing the growth of the mucosal atomization devices market.
Mucosal Atomization Devices Market: Vendor Insights
The report highlights some of the prominent market players, who have established themselves as leaders in the global mucosal atomization devices market. Some of the examples of key players in the global mucosal atomization devices market are Teleflex Incorporated, DeVilbiss Healthcare LLC, Cook Medical Incorporated, and Medica Holdings, LLC, Kurve Technology. There are only few key players in the mucosal atomization devices market.
Key players are majorly focusing on the development of new and technologically advanced mucosal atomization devices. Key players are also involved in acquisitions and collaborations, which can increase the growth of the mucosal atomization devices market.
For additional insights on the mucosal atomization devices landscape, write to the analyst at [email protected]
About Healthcare division of FMI
The Healthcare team at Future Market Insights has consistently tracked and analyzed rapidly evolving trends and developments in the global healthcare industry, encompassing pharmaceuticals and medical devices markets. The team facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.