Nasal Cannula Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026

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:

• Product - High flow nasal cannula and low flow nasal cannula
• Geography - North America, Europe, Asia, and Rest of World (ROW)

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.

What will the Nasal Cannula Market Size be During the Forecast Period?

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Nasal Cannula Market: Key Drivers, Trends, and Challenges

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

• The growing prevalence of smoking is one of the key drivers fueling the nasal cannula market growth.
• According to the WHO, in 2019, the percentage of per capita spending on 100 packs of cigarettes was significantly higher in developing countries than in developed countries.
• In the UAE and Saudi Arabia, there were around 4.2 million smokers in 2019.
• The UAE allows smoking in public places such as government facilities, restaurants, pubs and bars, public transport, and indoor offices.
• Public smoking in South Africa has no stringent regulations. Therefore, the prevalence of smoking is much higher in the country. Thus, the increasing prevalence of smoking leads to increased cases of chronic bronchitis. Such factors will positively impact the growth of the global nasal cannula market during the forecast period. 

Key Nasal Cannula Market Trend

• The growing popularity of heated humidified high-flow nasal cannula is one of the key nasal cannula market trends contributing to the market growth.
• Heated humidified high-flow therapy delivers a high flow of medical gasses to individuals to create a clean wash-out path for the upper airway.
• Nowadays, heated humidified high-flow nasal cannula has gained popularity in the treatment of certain respiratory disorders such as hypoxemia, shortness of breath, acute asthma, and pulmonary embolism.
• The nasal cannulas provide a high rate of oxygen, up to 60 LPM, and help to reduce the need for intubation and non-invasive ventilation in certain individuals. It is generally used for patients who are in emergency departments or critical care units and are migrated to the home care environment.
• The introduction of such nasal cannula in pediatric respiratory and prenatal care is witnessing a successful adoption in recent years. Thus, such an increasing adoption will propel the nasal cannula market growth during the forecast period.

Key Nasal Cannula Market Challenge

• Intense competition among vendors is one of the challenges hampering the nasal cannula market growth.
• The nasal cannula market is fragmented, with the presence of a number of vendors having significant market shares.
• Major players have dominated the market by providing advanced non-DEHP and soft nasal cannulas.
• Small companies are coming up with lightweight nasal cannulas at low-price, which will create intense competition among global and domestic vendors.
• The major players are now setting up their manufacturing facilities in high-population countries such as India, China, and Japan, where the prevalence of COPD disorders is high. This will lead to intense competition due to the presence of domestic players offering products with low price tags, thereby affecting the nasal cannula market growth.

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.

Parent Market Analysis

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.

Who are the Major Nasal Cannula Market Vendors?

The report analyzes the market's competitive landscape and 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.
• Great Group Medical Co. Ltd.

 

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.

Product Insights and News

• Allied Healthcare Products Inc. - The company offers nasal cannula that is latex free, tinted, and clear for adults, pediatrics, and infants. 
• Besmed Health Business Corp. - The company offers nasal cannula that is designed for long-term oxygen patients with curved, non-flared nasal prongs.
• ConvaTec Group Plc - The company offers nasal cannula that is extra soft and flexible for advanced patient comfort. 

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.

Nasal Cannula Market Value Chain Analysis

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.

Which are the Key Regions for Nasal Cannula Market?

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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.

What are the Revenue-generating Product Segments in the Nasal Cannula Market?

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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.

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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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What are the Key Data Covered in this Nasal Cannula Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive nasal cannula market growth during the next five years
• Precise estimation of the nasal cannula market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the nasal cannula industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of nasal cannula market vendors

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