The Nebulizer Market Size accounted for USD 1.08 Billion in 2022 and is estimated to achieve a market size of USD 2.27 Billion by 2032 growing at a CAGR of 7.9% from 2023 to 2032.
Nebulizer Market Highlights
- Global nebulizer market revenue is poised to garner USD 2.27 billion by 2032 with a CAGR of 7.9% from 2023 to 2032
- North America nebulizer market value occupied around USD 410.4 million in 2022
- Asia-Pacific nebulizer market growth will record a CAGR of more than 9% from 2023 to 2032
- Among type, the jet nebulizer sub-segment generated over US$ 648 million revenue in 2022
- Based on end-use, the hospitals and clinics sub-segment generated around 68% share in 2022
- Collaborations for research and development in respiratory therapies is a popular nebulizer market trend that fuels the industry demand
Nebulizer is a medical device that converts medicine into a nebula and delivers it directly into the pulmonary system. Nebulization techniques are commonly used to treat breathing conditions such as asthma, cystic fibrosis, and COPD. Various nebulization devices are available, with rechargeable and electrically powered options being the most commonly used. The global nebulizer market is projected to experience moderate growth during the nebulizer industry forecast period. This growth is driven by the prevalence of breathing conditions, especially among an aging population. The market is also boosted by the use of mobile nebulizers. However, the main constraint affecting market growth is the dispersal and waste of medication during delivery into the respiratory tract due to nebulization being a spraying technology. Additionally, the availability of nebulizer substitutes hampers further market expansion. Promising growth opportunities for this market are emerging in economies such as Asia/Pacific.
Global Nebulizer Market Dynamics
Market Drivers
- Increasing prevalence of chronic respiratory conditions
- Growing demand for home healthcare solutions
- Rising global geriatric population
- Technological advancements in nebulizer devices
Market Restraints
- Medication wastage and imprecise delivery
- Competition from alternative drug delivery systems
- Challenges in regulatory compliance and standardization
Market Opportunities
- Technological innovations for more efficient nebulizers
- Expansion into emerging markets, especially in Asia-Pacific
- Integration of digital health technologies for enhanced patient care
Nebulizer Market Report Coverage
Market |
Nebulizer Market
|
Nebulizer Market Size 2022 |
USD 1.08 Billion |
Nebulizer Market Forecast 2032 |
USD 2.27 Billion |
Nebulizer Market CAGR During 2023 - 2032 |
7.9% |
Nebulizer Market Analysis Period |
2020 - 2032 |
Nebulizer Market Base Year
|
2022 |
Nebulizer Market Forecast Data |
2023 - 2032 |
Segments Covered |
By Type, By Portability, By Application, By End-Use, And By Geography
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Beurer GmBH, Omron Corporation, Koninklijke Philips N.V., GE Healthcare, Agilent Technologies, Inc., DeVilbiss Healthcare International, Medline Industries, Inc., PARI Respiratory Equipment, Inc., Graham Field (GF) Health Products, Inc., Briggs Medical Service Company, Philips Respironics, Inc., and Besco Medical.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Nebulizer Market Insights
Several key factors are driving the growth of the nebulizer market, including the high prevalence of chronic respiratory conditions, increased demand for home healthcare, and a rising global geriatric population. Technological advancements are expected to further propel this growth. A significant driver of market expansion is the prevalence of chronic diseases. For instance, the Global Burden of Disease Study estimated that in 2016, approximately 251 million people worldwide suffered from COPD. Additionally, the World Health Organization (WHO) reported around 3.17 million COPD-related deaths in 2015.
Initiatives like the Global Appeal Alliance aim to increase the rate and diagnosis of respiratory disorders, potentially boosting the market for nebulizers. Moreover, the 2015 WHO report highlighted that 16 million people die each year before the age of 70 due to non-communicable diseases. Furthermore, the increased prevalence of respiratory disorders may be influenced by factors such as obesity, unhealthy eating habits, lack of physical activity, and excessive tobacco/alcohol consumption. Over the nebulizer market forecast period, these factors could contribute to market growth.
The nebulizer market is highly competitive with other drug delivery systems, such as dry powder inhalers and inhalers, which pose a significant threat to the medical device. The benefits of these substitutes include mobility, speedier administration, and accurate dosage delivery. Their ease of use and effectiveness outweigh the nebulizer's technique, which restricts its market growth. The nebulizer market faces a challenge from the preference for alternatives because of its efficacy and convenience of use, which hinders its wider acceptance despite its intrinsic benefits.
Nebulizer Market Segmentation
The worldwide market for nebulizer is split based on type, portability, application, end-use, and geography.
Nebulizer Types
- Jet nebulizer
- Ultrasonic nebulizer
- Mesh nebulizer
According to nebulizer industry analysis, jet nebulizers are the most popular variety of the three types of nebulizers available on the market ultrasonic, mesh, and jet. They work by forcing air into little particles so that pills can be inhaled. Because of their cost, robustness, and capacity to handle a variety of drugs, jet nebulizers are preferred. Their ease of use and efficiency in administering medication to the respiratory system make them a well-liked option, particularly in medical environments. Because of its affordability and dependability, the jet nebulizer continues to dominate the nebulizer business, even in the face of competition from more modern technologies like mesh and ultrasonic nebulizers.
Nebulizer Portability
The tabletop segment is the most popular category in the nebulizer market. These nebulizers have a high efficiency and reliable performance, making them ideal for stationary use. Because of its strength and capacity to handle a variety of drugs, tabletop nebulizers are recommended for both home and professional use. Tabletop nebulizers are preferred in medical settings despite the rise of portable models because of their durability, dependability, and efficiency in dispensing medication. Their stationary design doesn't take away from their allure; their reliable performance and versatility in handling different drugs keep them at the top of the nebulizer industry.
Nebulizer Applications
- COPD
- Cystic Fibrosis
- Asthma
- Others
As per the nebulizer industry analysis, COPD (Chronic Obstructive Pulmonary Disease) is the leading application for nebulizers. Millions of people throughout the world suffer from this illness, which is why there is a need for efficient respiratory therapies. Because they administer medicine directly to the lungs, nebulizers are essential for controlling the symptoms of COPD and facilitating better breathing. Due to the chronic nature of COPD and its high incidence, nebulizers are an essential instrument for treating the condition using reliable and effective methods. Nebulizers are also used to treat other disorders like cystic fibrosis and asthma, however the market's demand for nebulizer usage is mostly driven by COPD due to its prevalence and chronic nature.
Nebulizer End-Uses
- Hospitals And Clinics
- Emergency Centers
- Home Healthcare
Among end users, hospitals and clinics hold the most market share for nebulizers. Nebulizers are a major component of these settings effective and precise respiratory drug delivery systems. Nebulizers are essential for treating a wide range of respiratory disorders in clinics and hospitals, serving a diverse patient population with varying needs. Their importance in healthcare institutions is solidified by their ability to dispense a variety of drugs and their application in acute and chronic care settings. Nebulizers are useful in emergency rooms and home health care, but their dominant market share in hospitals and clinics is maintained by the high demand and importance of respiratory care in these settings.
Nebulizer Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Nebulizer Market Regional Analysis
North America accounted for the biggest market share in 2022 due to the increase in the prevalence of chronic respiratory disorders and is expected to experience significant growth throughout the nebulizer market forecast period. COPD stands out as a leading cause of death in the USA, as per the Centers for Disease Control and Prevention (CDC). The expanding geriatric population in North America contributes to a rise in respiratory disorders, fostering growth in the region. Statistics Canada reported a significant percentage of individuals aged 65 and over, supporting the expansion of homecare services.
The Asia-Pacific Region is poised to demonstrate the fastest Compound Annual Growth Rate (CAGR) due to its increasing geriatric population and incidences of respiratory diseases. COPD remains a significant cause of death in Japan, with cases notably increasing in recent years according to the Institute for Health Metrics and Evaluation. Additionally, countries like India and China bear a considerable burden of pulmonary diseases. The World Health Organization (WHO) notes a substantial portion of COPD-related deaths in middle and low-income countries, notably in China and India. This region is set for substantial market growth, driven by the high prevalence of respiratory diseases, increased healthcare spending, and rising patient awareness.
Nebulizer Market Players
Some of the top nebulizer companies offered in our report includes Beurer GmBH, Omron Corporation, Koninklijke Philips N.V., GE Healthcare, Agilent Technologies, Inc., DeVilbiss Healthcare International, Medline Industries, Inc., PARI Respiratory Equipment, Inc., Graham Field (GF) Health Products, Inc., Briggs Medical Service Company, Philips Respironics, Inc., and Besco Medical.
CHAPTER 1. Industry Overview of Nebulizer Market
1.1. Definition and Scope
1.1.1. Definition of Nebulizer
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Nebulizer Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Nebulizer Market By Type
1.2.3. Nebulizer Market By Portability
1.2.4. Nebulizer Market By Application
1.2.5. Nebulizer Market By End-Use
1.2.6. Nebulizer Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Nebulizer Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Nebulizer Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2022
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022
4.2. R&D Status of Major Manufacturers in 2022
CHAPTER 5. Nebulizer Market By Type
5.1. Introduction
5.2. Nebulizer Revenue By Type
5.2.1. Nebulizer Revenue (USD Billion) and Forecast, By Type, 2020-2032
5.2.2. Jet nebulizer
5.2.2.1. Jet nebulizer Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3. Ultrasonic nebulizer
5.2.3.1. Ultrasonic nebulizer Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4. Mesh nebulizer
5.2.4.1. Mesh nebulizer Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 6. Nebulizer Market By Portability
6.1. Introduction
6.2. Nebulizer Revenue By Portability
6.2.1. Nebulizer Revenue (USD Billion) and Forecast, By Portability, 2020-2032
6.2.2. Tabletop
6.2.2.1. Tabletop Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.3. Portable
6.2.3.1. Portable Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 7. Nebulizer Market By Application
7.1. Introduction
7.2. Nebulizer Revenue By Application
7.2.1. Nebulizer Revenue (USD Billion) and Forecast, By Application, 2020-2032
7.2.2. COPD
7.2.2.1. COPD Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.3. Cystic Fibrosis
7.2.3.1. Cystic Fibrosis Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.4. Asthma
7.2.4.1. Asthma Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.5. Others
7.2.5.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 8. Nebulizer Market By End-Use
8.1. Introduction
8.2. Nebulizer Revenue By End-Use
8.2.1. Nebulizer Revenue (USD Billion) and Forecast, By End-Use, 2020-2032
8.2.2. Hospitals And Clinics
8.2.2.1. Hospitals And Clinics Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
8.2.3. Emergency Centers
8.2.3.1. Emergency Centers Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
8.2.4. Home Healthcare
8.2.4.1. Home Healthcare Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 9. North America Nebulizer Market By Country
9.1. North America Nebulizer Market Overview
9.2. U.S.
9.2.1. U.S. Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
9.2.2. U.S. Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
9.2.3. U.S. Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
9.2.4. U.S. Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
9.3. Canada
9.3.1. Canada Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
9.3.2. Canada Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
9.3.3. Canada Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
9.3.4. Canada Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
9.4. North America PEST Analysis
CHAPTER 10. Europe Nebulizer Market By Country
10.1. Europe Nebulizer Market Overview
10.2. U.K.
10.2.1. U.K. Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
10.2.2. U.K. Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
10.2.3. U.K. Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
10.2.4. U.K. Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
10.3. Germany
10.3.1. Germany Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
10.3.2. Germany Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
10.3.3. Germany Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
10.3.4. Germany Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
10.4. France
10.4.1. France Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
10.4.2. France Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
10.4.3. France Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
10.4.4. France Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
10.5. Spain
10.5.1. Spain Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
10.5.2. Spain Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
10.5.3. Spain Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
10.5.4. Spain Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
10.6. Rest of Europe
10.6.1. Rest of Europe Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
10.6.2. Rest of Europe Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
10.6.3. Rest of Europe Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
10.6.4. Rest of Europe Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
10.7. Europe PEST Analysis
CHAPTER 11. Asia Pacific Nebulizer Market By Country
11.1. Asia Pacific Nebulizer Market Overview
11.2. China
11.2.1. China Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
11.2.2. China Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
11.2.3. China Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
11.2.4. China Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.3. Japan
11.3.1. Japan Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
11.3.2. Japan Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
11.3.3. Japan Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
11.3.4. Japan Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.4. India
11.4.1. India Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
11.4.2. India Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
11.4.3. India Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
11.4.4. India Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.5. Australia
11.5.1. Australia Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
11.5.2. Australia Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
11.5.3. Australia Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
11.5.4. Australia Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.6. South Korea
11.6.1. South Korea Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
11.6.2. South Korea Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
11.6.3. South Korea Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
11.6.4. South Korea Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.7. Rest of Asia-Pacific
11.7.1. Rest of Asia-Pacific Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
11.7.2. Rest of Asia-Pacific Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
11.7.3. Rest of Asia-Pacific Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
11.7.4. Rest of Asia-Pacific Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
11.8. Asia Pacific PEST Analysis
CHAPTER 12. Latin America Nebulizer Market By Country
12.1. Latin America Nebulizer Market Overview
12.2. Brazil
12.2.1. Brazil Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
12.2.2. Brazil Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
12.2.3. Brazil Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
12.2.4. Brazil Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
12.3. Mexico
12.3.1. Mexico Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
12.3.2. Mexico Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
12.3.3. Mexico Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
12.3.4. Mexico Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
12.4. Rest of Latin America
12.4.1. Rest of Latin America Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
12.4.2. Rest of Latin America Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
12.4.3. Rest of Latin America Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
12.4.4. Rest of Latin America Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
12.5. Latin America PEST Analysis
CHAPTER 13. Middle East & Africa Nebulizer Market By Country
13.1. Middle East & Africa Nebulizer Market Overview
13.2. GCC
13.2.1. GCC Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
13.2.2. GCC Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
13.2.3. GCC Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
13.2.4. GCC Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
13.3. South Africa
13.3.1. South Africa Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
13.3.2. South Africa Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
13.3.3. South Africa Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
13.3.4. South Africa Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
13.4. Rest of Middle East & Africa
13.4.1. Rest of Middle East & Africa Nebulizer Revenue (USD Billion) and Forecast By Type, 2020-2032
13.4.2. Rest of Middle East & Africa Nebulizer Revenue (USD Billion) and Forecast By Portability, 2020-2032
13.4.3. Rest of Middle East & Africa Nebulizer Revenue (USD Billion) and Forecast By Application, 2020-2032
13.4.4. Rest of Middle East & Africa Nebulizer Revenue (USD Billion) and Forecast By End-Use, 2020-2032
13.5. Middle East & Africa PEST Analysis
CHAPTER 14. Player Analysis Of Nebulizer Market
14.1. Nebulizer Market Company Share Analysis
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Mergers And Acquisition In Global Nebulizer Market
14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 15. Company Profile
15.1. Beurer GmBH
15.1.1. Company Snapshot
15.1.2. Business Overview
15.1.3. Financial Overview
15.1.3.1. Revenue (USD Billion), 2022
15.1.3.2. Beurer GmBH 2022 Nebulizer Business Regional Distribution
15.1.4. Product /Service and Specification
15.1.5. Recent Developments & Business Strategy
15.2. Omron Corporation
15.3. Koninklijke Philips N.V.
15.4. GE Healthcare
15.5. Agilent Technologies, Inc.
15.6. DeVilbiss Healthcare International
15.7. Medline Industries, Inc.
15.8. PARI Respiratory Equipment, Inc.
15.9. Graham Field (GF) Health Products, Inc.
15.10. Briggs Medical Service Company
15.11. Philips Respironics, Inc.
15.12. Besco Medical