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The predicted growth for the nasal cannula market share from 2021 to 2026 is USD 296.99 million at a progressing CAGR of 6.7%.
This nasal cannula market forecast report extensively covers segmentations by:
The nasal cannula market report offers information on several market vendors, including Airways surgical Pvt. Ltd., Allied Healthcare Products Inc., B. Braun SE, Besmed Health Business Corp., ConvaTec Group Plc, Drive DeVilbiss Healthcare, Fisher and Paykel Healthcare Corp. Ltd., Flexicare Group Ltd., GaleMed Corp., Hamilton Bonaduz AG, HUM GmbH, ICU Medical Inc., JG Moriya, Masimo Corp., Neotech Products LLC, ResMed Inc., SunMed LLC, Sunset Healthcare Solutions Inc., Teleflex Inc., and Great Group Medical Co. Ltd. among others. Furthermore, our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing prevalence of smoking is notably driving the nasal cannula market growth, although factors such as intense competition among vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nasal cannula industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Nasal Cannula Market Driver
Key Nasal Cannula Market Trend
Key Nasal Cannula Market Challenge
This nasal cannula market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global nasal cannula market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nasal cannula market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the nasal cannula market encompasses successful business strategies deployed by the key vendors. The nasal cannula market is fragmented and the vendors are deploying growth strategies such as investing in the R&D of products and associated novel applications, expanding their operations in emerging economies, and improving their brand recognition to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The nasal cannula market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the nasal cannula market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for nasal cannula market in North America. Market growth in this region will be slower than the growth of the market in Asia.
The increasing prevalence of chronic respiratory conditions and the growing number of hospital visits will facilitate the nasal cannula market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic negatively impacted the nasal cannula market in the region. However, in H2 2021, due to the availability of vaccines and reduction in COVID-19 cases in the region, hospitals and other healthcare facilities resumed elective procedures and surgeries. Thus, the regional demand for nasal cannulas has rebounded. Thus, the regional market will continue to witness growth during the forecast period.
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The nasal cannula market share growth by the high-flow nasal cannula segment will be significant during the forecast period. The major application of heated humidified high-flow nasal cannula is to support impulsively breathing individuals who require high oxygen flow for treating respiratory disorders and other post-operative procedures. The high-flow nasal cannula is also used for pediatrics, infants, and premature patients with respiratory distress syndrome. In addition, it is used in a NICU for premature infants affected with infant respiratory distress syndrome. Thus, such numerous applications of the high-flow nasal cannula will drive the nasal cannula market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the nasal cannula market size and actionable market insights on post COVID-19 impact on each segment.
Nasal Implants market - The market share is expected to increase to USD 312.05 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.26%.
Nasal Splint market - The market share is expected to increase by USD 595.35 million from 2021 to 2026, and the market's growth momentum will decelerate at a CAGR of 4.35%.
Nasal Cannula Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.7% |
Market growth 2022-2026 |
$ 296.99 million |
Market structure |
Fragmented |
YoY growth (%) |
5.11 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 37% |
Key consumer countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Airways surgical Pvt. Ltd., Allied Healthcare Products Inc., B. Braun SE, Besmed Health Business Corp., ConvaTec Group Plc, Drive DeVilbiss Healthcare, Fisher and Paykel Healthcare Corp. Ltd., Flexicare Group Ltd., GaleMed Corp., Hamilton Bonaduz AG, HUM GmbH, ICU Medical Inc., JG Moriya, Masimo Corp., Neotech Products LLC, ResMed Inc., SunMed LLC, Sunset Healthcare Solutions Inc., Teleflex Inc., and Great Group Medical Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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