Nasal Cannula Trends and Forecast
The future of the global nasal cannula market looks promising with opportunities in the hospital and ambulatory surgical center markets. The global nasal cannula market is expected to grow with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rising incidence of respiratory disorders, such as chronic obstructive pulmonary disease (COPD), asthma, and other respiratory conditions, growth in the healthcare expenditure by emerging nations, and increasing awareness among healthcare professionals and patients about the benefits of oxygen therapy.Nasal Cannula by Segment
The study includes a forecast for the global nasal cannula by type, application, and region.Nasal Cannula Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- High Flow Nasal Cannulas
- Low Flow Nasal Cannulas
Nasal Cannula Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Hospitals
- Ambulatory Surgical Centers
- Others
Nasal Cannula Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Nasal Cannula Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies nasal cannula companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the nasal cannula companies profiled in this report include:- Medtronic
- BD
- Salter Labs
- Teleflex
- Westmed
- Smiths Medical
- Flexicare
Nasal Cannula Market Insights
The report forecasts that low flow nasal cannula will remain the largest segment over the forecast period because they are becoming more and more popular in long-term care, home care, and ambulatory care settings where low or medium concentration is needed and the patient is in a stable state.Within this market, hospital is expected to witness the higher growth due to increased use of high-flow nasal cannulas for patients with acute respiratory distress who require high-flow oxygen, along with growing number of elderly people and those suffering from chronic respiratory distress.
North America is expected to witness highest growth over the forecast period due to rise in the occurrence of respiratory diseases such as COPD and asthma, as well as, expansion of both domestic and foreign producers makes goods more widely available and easier to adopt.
Features of the Global Nasal Cannula Market
- Market Size Estimates: Nasal cannula market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Nasal cannula market size by type, application, and region in terms of value ($B).
- Regional Analysis: Nasal cannula market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the nasal cannula market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the nasal cannula market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for nasal cannula market?Answer: The global nasal cannula market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the nasal cannula market?
Answer: The major drivers for this market are rising incidence of respiratory disorders, such as chronic obstructive pulmonary disease (COPD), asthma, and other respiratory conditions, growth in the healthcare expenditure by emerging nations, and increasing awareness among healthcare professionals and patients about the benefits of oxygen therapy.
Q3. What are the major segments for nasal cannula market?
Answer: The future of the global nasal cannula market looks promising with opportunities in the hospital and ambulatory surgical center markets.
Q4. Who are the key nasal cannula market companies?
Answer: Some of the key nasal cannula companies are as follows:
- Medtronic
- BD
- Salter Labs
- Teleflex
- Westmed
- Smiths Medical
- Flexicare
Answer: The report forecasts that low flow nasal cannula will remain the largest segment over the forecast period because they are becoming more and more popular in long-term care, home care, and ambulatory care settings where low or medium concentration is needed and the patient is in a stable state.
Q6. In nasal cannula market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rise in the occurrence of respiratory diseases such as COPD and asthma, as well as, expansion of both domestic and foreign producers makes goods more widely available and easier to adopt.
Q7. Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the nasal cannula market by type (high flow nasal cannulas and low flow nasal cannulas), application (hospitals, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Nasal Cannula Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Medtronic
- BD
- Salter Labs
- Teleflex
- Westmed
- Smiths Medical
- Flexicare
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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