December 8, 2024

Steam Inhaler Devices Market Dynamics: Exploring Growth Factors and Challenges

Steam Inhaler Devices Market

Steam inhaler devices, also known as steam therapy devices, are medical devices used to provide relief from respiratory conditions such as common cold, sinusitis, cough and asthma. Steam inhaler devices work by releasing steam vapor into the air pathway to loosen respiratory secretions, reduce inflammation and congestion. The devices are available in various forms including portable table-top humidifiers, steam face masks and steam vaporizers. Portable steam inhaler devices are gaining popularity due to their ease of use and effectiveness in treating respiratory symptoms at home.

The global steam inhaler devices market is estimated to be valued at US$ 6,721.4 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
The rising prevalence of respiratory disorders is expected to be a key driver for the steam inhaler devices market over the forecast period. As per the latest data by WHO, respiratory diseases account for approximately 8% of the global burden of disease. The increasing population affected by respiratory disorders such as asthma and COPD is prompting more adoption of steam inhaler devices for quick home-based relief. In 2021, over 235 million people suffered from asthma alone worldwide according to theGlobal Asthma Report. Growing awareness about steam therapy and availability of innovative portable steam devices are also expected to boost the market growth. Furthermore, favorable reimbursement policies for respiratory devices in developing regions will support the uptake of steam inhalers.

Segment Analysis

– Portable steam inhaler devices dominated the market, holding around 60% share in 2024. These devices are compact, easy to carry and offer quick relief from nasal congestion, cold, cough and sore throat symptoms. The segment is expected to continue its dominance owing to the convenience offered by these devices.
– Tabletop steam inhaler devices held the second largest market share. These devices provide consistent and effective steam but are not as portable as handheld devices. However, they offer features like adjustable steam control and large water tanks providing longer usage without refilling.

PEST Analysis

Political: Changes in regulations pertaining to the usage of steam for medical purposes can impact the market. Harmonization of norms across geographies can boost the adoption.

Economic: Higher disposable income levels have increased the affordability of steam inhaler devices, especially in developing nations. The growing middle class population is a positive factor for market growth.

Social: Rising health awareness and preventive healthcare approach has increased self-medication among general public. Steam inhalation is regarded as a safe and natural way of treating respiratory illnesses without side-effects.

Technological: Advancements in device design have improved portability and ease of use. Features like battery-operated units and integrated aromatherapy options are gaining popularity. Touchscreen controls and connectivity via mobile apps are emerging trends.

Key Takeaways
The global Steam Inhaler Devices market is expected to witness high growth during the forecast period of 2023 to 2030, supported by rising incidences of respiratory illnesses. The market size for 2024 is projected to reach US$ 6,721.4 Mn registering a CAGR of 7.9% during the forecast period.

Regional analysis indicates North America dominated the global market in 2024, with the US accounting for a major share. High awareness regarding steam therapy, stringent cold and flu seasons and large healthcare spending are driving the North American market. Asia Pacific is expected to emerge as the fastest growing regional market led by countries like China and India with their large population base and increasing medical tourism.

Key players operating in the steam inhaler devices market are Vicks, Homedics, Beurer, Panasonic, Philips, Honeywell and 3M. Key players Vicks and Homedics hold a prominent share owing to their wide distribution networks and premium brand image.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

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