Global Mesh Nozzle Plates Market, by Material Type (Metal and Alloys, Engineered Plastic, and Ceramic or Piezoceramics), By Application (Medical, Cosmetics and Others), By End User (Hospitals, Medical Device Industries, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 19.3 million in 2021, and is expected to exhibit a CAGR of 5.3% during the forecast period (2021-2028).
The rising number of product approvals and launches are expected to drive growth of the global mesh nozzle plates market during the forecast period. For instance, on June 4, 2020, Respira Technologies Inc., a biotechnology and platform device company, announced the launch of a pharmaceutical-focused commercial development program for its RespiRx drug-delivery device platform. RespiRx is a portable, handheld vibrating mesh nebulizer designed for local and systemic treatment that can be used in any position the patient is in.
Market players engaged in non-profit activities such as donations and strategies such as collaborations are expected to propel the growth of the global mesh nozzle plates market during the forecast period. For instance, in March 2021, OMRON Healthcare, Inc., a global innovator in respiratory health technologies, announced a collaboration with the Asthma and Allergy Foundation of America (AAFA), the leading patient organization for people living with asthma and allergies, to increase access to prescription-grade respiratory technologies. OMRON is donating a variety of its medical-grade nebulizers to AAFA, which will be used for vital advocacy and education initiatives that benefit the most vulnerable members of the asthma community.
Global Mesh Nozzle Plates Market- Impact of Coronavirus (COVID – 19) Pandemic
The COVID-19 pandemic has affected several markets across the globe and is also expected to hamper the global mesh nozzle plates market. The COVID-19 pandemic has affected the demand and supply of healthcare products in three main ways; by directly affecting the production and demand; by creating disruptions in distribution channels; and due to its financial impact on firms and financial markets. The increased mortality rate of patients using ventilators during COVID-19 treatment has created a reluctance in doctors to use ventilators. For instance, according to news article published in The Times of India, an Indian English-language daily newspaper and digital news media in July 15, 2020, only one of the 90 patients who were intubated and on ventilators at the Bangalore Medical College and Research Institute (BMCRI) until July 13, 2020 survived. Hospital in Patiala also reported that all 12 of its ventilator-dependent patients had died. This is expected to hamper the growth of global mesh nozzle plates market.
Browse 33 Market Data Tables and 25 Figures spread through 167 Pages and in-depth TOC Global Mesh Nozzle Plates Market, by Material Type (Metal and Alloys, Engineered Plastic, and Ceramic or Piezoceramics), By Application (Medical, Cosmetics and Others), By End User (Hospitals, Medical Device Industries, and Others), , and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Key Takeaways of the Global Mesh Nozzle Plates Market:
- The global mesh nozzle plates market is expected to exhibit a CAGR of 5.3 % over the forecast period (2021-2028). North America is expected to account for major market share over the forecast period (2021-2028) owing to rising acquisitions and contract agreements within the market players. For instance, on March 24, 2020, GE Healthcare, a subsidiary of General Electric Inc. announced a collaboration with Ford Motor Company, a multinational automaker, to scale the production of ventilators, providing clinicians with vital medical equipment for the treatment of COVID-19 patients. Ford contributed technical and manufacturing expertise as part of this collaboration, with the goal of producing a simplified design of GE Healthcare's existing ventilator.
- Some of the major players operating in the global mesh nozzle plates market include Veco B.V., Aerogen Ltd., temicon GmbH, Hamilton Medical, Belkin International, Getinge (Electrolux AB), Omron Corporation, TEKCELEO, APC International, Ltd., and Maidencreek Manufacturing Sales LLC.
