PRESS RELEASE
Published June 14, 2023
Executive Summary
The global steam inhalers market is expected to reach USD 41.4 billion by 2030, growing at a CAGR of 8.7 % from 2023 to 2030. The market is primarily driven by increasing respiratory diseases, such as COPD, asthma, and allergies. Portable steam inhalers are gaining traction due to their ease of use and convenience. The rise in air pollution levels and smoking habits has further contributed to the growth of the market. The market is fragmented, with the presence of many small and large players. The report recommends increasing awareness of the benefits of steam inhalation, developing innovative products, and expanding the product offering to gain a competitive edge in the market.
Steam inhalers have been in the market for some time now and are becoming increasingly popular among consumers. The market for steam inhalers is segmented into handheld steam inhalers, portable steam therapy inhalers, and rechargeable inhalers, with applications in both households and commercial settings.
Handheld steam inhalers are great for personal use, and the portable steam therapy inhalers are perfect for on-the-go use. The rechargeable inhalers are ideal for those who require consistent use of inhalers.
Regulatory and legal factors specific to market conditions are an important consideration for consumers. The quality and safety of the steam inhalers are of utmost importance, and there should be proper regulation and monitoring of the production and distribution of these devices.
In conclusion, the steam inhaler market is expanding with a wide range of options available for consumers. With increasing awareness of respiratory health, the demand for these inhalers is expected to grow even further in the upcoming years. Consumers should be aware of the regulatory and legal factors that impact the market and take an informed decision while purchasing these devices.
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Steam Inhalers Introduction and its Market Analysis
Steam inhalers are devices that generate warm steam to help alleviate respiratory and sinus problems. The device releases moisture into the air which can be inhaled through the nose and mouth. The target market for steam inhalers includes individuals suffering from respiratory and sinus problems like asthma, allergies, bronchitis, sinusitis, and colds. Steam inhalers are also useful for people who live in polluted environments as well as those who experience dry sinuses.
The major driving factors behind the growth of the steam inhalers market include the rising occurrence of respiratory and skin infections, increasing pollution levels, and the growing trend of self-care. The demand for steam inhalers is on the rise as people are increasingly becoming conscious of their health and wellness. Additionally, the increase in healthcare infrastructure and the growing investment in research and development activities are expected to propel the market growth in the coming years.
Vicks, MyPurMist, HealthSmart, Gurin Products, Uniclife, and Vanker are some of the leading companies in the steam inhalers market. The market is highly competitive, with companies striving to develop innovative products to stay ahead of the competition. The companies are focusing on expanding their product lines and entering new markets to increase their customer base. Moreover, the companies are also engaged in strategic collaborations and partnerships to enhance their market presence and improve their revenue streams.
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Competitive Landscape and Steam Inhalers Market Players Covered:
- Vicks
- MyPurMist
- HealthSmart
- Gurin Products
- Uniclife
- Vanker
The global steam inhalers market is highly competitive, with several international and regional players focused on expanding their market share. Major players in the market include Vicks, MyPurMist, HealthSmart, Gurin Products, Uniclife, and Vanker.
Vicks, a brand of Proctor & Gamble, offers a wide range of steam inhalers, including Vicks Personal Sinus Steam Inhaler and Vicks Warm Steam Vaporizer. MyPurMist offers portable inhalers, such as MyPurMist Free, that are easy to use and provide instant relief from congestion and allergies. HealthSmart and Gurin Products also offer steam inhalers with advanced features, such as adjustable steam levels and temperature control.
Uniclife and Vanker are emerging players in the steam inhalers market. Uniclife offers a compact and lightweight steam inhaler for personalized home use, while Vanker offers a steam inhaler with an adjustable mask to suit different needs.
All these companies are helping to grow the steam inhalers market by continuously upgrading their product offerings and expanding their reach through strategic partnerships and collaborations. For instance, Vicks has collaborated with Kaz USA to expand its market reach through strategic distribution agreements and partnerships with retailers. MyPurMist has partnered with Walgreens to provide its products in-store and online.
In terms of sales revenue, MyPurMist generated over USD 20 million in revenue in 2020, while Vicks generated over USD 1 billion in revenue in the same year. Other players in the steam inhalers market are also experiencing significant revenue growth and are expected to continue growing in the future.
Steam Inhalers Market Analysis, by Type:
- Handheld Steam Inhaler
- Portable Steam Therapy Inhaler
- Rechargeable Inhaler
Handheld steam inhalers are compact devices that deliver steam vapor directly to the user's nose and mouth. Portable steam therapy inhalers are designed for use on-the-go and can be easily carried in a bag or purse. Rechargeable inhalers can be charged for repeated use without needing to replace batteries.
Self-driving steam inhaler technology is currently in development, with the goal of creating a device that can automatically adjust steam output to the user's respiratory needs. This technology is expected to be particularly beneficial for individuals who suffer from chronic respiratory conditions such as asthma or COPD. Self-driving inhalers may also offer improved accuracy and efficiency compared to manual devices.
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Steam Inhalers Market Analysis, by Application:
Steam inhalers are commonly used in households and commercial settings to provide relief from respiratory conditions such as cold, flu, asthma, and allergies. The inhalation of steam can help soothe the respiratory tract, loosen mucus and ease breathing. In households, steam inhalers are generally used in the form of individual devices that can be easily operated at home. In commercial settings, such as spas and salons, steam inhalers are used to promote relaxation and improve skin health. The fastest growing application segment for steam inhalers in terms of revenue is the healthcare industry, particularly in hospitals and clinics where steam inhalation is used as a complementary therapy for respiratory illnesses.
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Steam Inhalers Industry Growth Analysis, by Geography:
- North America:
- Europe:
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
- Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
- Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The global steam inhalers market is expected to witness significant growth during the forecast period, particularly in regions such as North America, Asia Pacific (APAC), Europe, the US, and China, led by the increasing prevalence of respiratory diseases and rising awareness of alternative therapies. The North American market is expected to dominate the steam inhalers market, followed by Europe and the Asia Pacific. The market share percent valuation of the North American market is expected to be around 35%, while Europe and the Asia Pacific region are expected to hold approximately 30% and 28%, respectively. The US and China are expected to be the major contributors to the steam inhalers market in the coming years.
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Key Question Covered in this Steam Inhalers Market Research Report
1. What is a steam inhaler?
2. does a steam inhaler work?
3. What are the benefits of using a steam inhaler?
4. What are the different types of steam inhalers available in the market?
5. What is the market size and growth rate of the steam inhalers market globally?
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Source:
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To view the original version on Prime PR Wire visit Steam Inhalers Market Analysis: Top Key Players, Growth Factor, Organization Size, Market Share Player at a Forecasted 8.7% CAGR Forecasted from 2023 to 2030
