USD 7.24 billion
Global Nasal Cannula Market Size, Share, Growth Analysis, By Type(Low Flow and high flow), By Application(Hospitals, ambulatory health services) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2292 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
61 |
Figures:
75
Global Nasal Cannula Market Insights
Global Nasal Cannula Market size was valued at USD 7.24 billion in 2022 and is poised to grow from USD 7.65 billion in 2023 to USD 11.82 billion by 2031, growing at a CAGR of 6.4% during the forecast period (2024-2031).
The global nasal cannula market has witnessed significant growth and advancements in recent years. Nasal cannulas are widely used medical devices that deliver supplemental oxygen to patients who have difficulty breathing or require respiratory support. The market is driven by various factors, including the rising prevalence of respiratory diseases such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea. Additionally, an aging population, increasing healthcare expenditure, and the growing demand for home healthcare services further contribute to market growth. Technological advancements have led to the development of innovative nasal cannulas with improved comfort, better oxygen delivery efficiency, and enhanced patient compliance. Moreover, the COVID-19 pandemic has further boosted the demand for nasal cannulas, especially for patients with respiratory complications. The market is characterized by the presence of several key players who are actively engaged in research and development activities to introduce novel products and gain a competitive edge. Geographically, North America dominated the global nasal cannula market, attributed to the high prevalence of respiratory disorders and favorable reimbursement policies. However, the Asia Pacific region is expected to witness significant growth in the forecast period due to the increasing healthcare infrastructure, rising awareness about respiratory diseases, and improving access to healthcare services. Overall, the global market is projected to continue its upward trajectory in the coming years, driven by technological advancements, increasing respiratory disorders, and the growing need for efficient respiratory care solutions.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Low flow
Fastest Growth
Low flow
Growth Rate
6.4% CAGR
Global Nasal Cannula Market ($ Bn)
Country Share for North America Region (%)
Global Nasal Cannula Market By Type ($ Bn)
Global Nasal Cannula Market By Type (%)
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Global Nasal Cannula Market Segmental Analysis
Global Nasal Cannula Market is segmented by type, application, and region. Based on type, the market can be segmented into Low Flow and high flow. Based on application, the market is segmented into Hospitals, ambulatory health services, long term care centres and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The dominant segment in the global nasal cannula market is the low flow segment. Low flow nasal cannulas are commonly used for delivering a precise and controlled amount of oxygen to patients with respiratory conditions. They are cost-effective and suitable for patients who require lower levels of oxygen supplementation. Low flow nasal cannulas are widely adopted in various healthcare settings, including hospitals, clinics, and homecare, contributing to their dominance in the market.
The fastest-growing segment in the global nasal cannula market is the high flow segment. High flow nasal cannulas provide a significantly higher flow rate of oxygen compared to low flow cannulas. They are increasingly being used in critical care settings, such as intensive care units (ICUs) and emergency departments, for patients with severe respiratory conditions or acute respiratory distress. The high flow nasal cannulas offer benefits such as improved patient comfort, better humidification, and reduced work of breathing. The growing demand for advanced respiratory support systems and the increasing prevalence of respiratory disorders are driving the rapid growth of the high flow nasal cannula segment in the market.
Analysis by Application
The dominant segment in the global nasal cannula market based on application is hospitals. Nasal cannulas are extensively used in hospitals for various respiratory conditions and procedures. Hospitals have well-established healthcare infrastructure, a large patient population, and a wide range of respiratory care needs, making them the primary users of nasal cannulas. The demand for nasal cannulas in hospitals is driven by the need for supplemental oxygen therapy, post-surgical care, emergency situations, and critical care settings.
The fastest-growing segment in the global nasal cannula market based on application is ambulatory health services. Ambulatory health services include outpatient clinics, diagnostic centers, and home healthcare services. The increasing trend towards outpatient care, technological advancements in portable oxygen delivery systems, and the growing preference for home healthcare are fueling the demand for nasal cannulas in ambulatory health services. Nasal cannulas offer convenience, mobility, and flexibility in delivering oxygen therapy outside of traditional hospital settings. The expansion of ambulatory health services and the rising focus on patient-centric care contribute to the rapid growth of the nasal cannula market in this segment.
Global Nasal Cannula Market By Type, 2023 (%)
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Global Nasal Cannula Market Regional Insights
North America dominated the global nasal cannula market. North America holds a significant market share due to factors such as a high prevalence of respiratory diseases, well-established healthcare infrastructure, and favorable reimbursement policies. The region is characterized by the presence of key market players, technological advancements, and a strong focus on improving respiratory care, which contributes to its dominance in the nasal cannula market.
Asia Pacific is the fastest-growing segment in the global nasal cannula market. The Asia Pacific region is experiencing rapid market growth due to several factors, including a large population base, increasing healthcare expenditure, and rising awareness about respiratory diseases. Moreover, the improving healthcare infrastructure, expanding access to healthcare services, and growing demand for home healthcare solutions further drive the market's growth in this region. The Asia Pacific region is witnessing a surge in respiratory disorders, leading to a higher demand for nasal cannulas and respiratory care devices, thus making it the fastest-growing market segment.
Global Nasal Cannula Market By Geography, 2024-2031
- Largest
- Fastest
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Global Nasal Cannula Market Dynamics
Drivers
Increasing prevalence of respiratory diseases
- One key driver of the global nasal cannula market is the increasing prevalence of respiratory diseases. The rising incidence of conditions such as chronic obstructive pulmonary disease (COPD), asthma, and sleep apnea worldwide creates a higher demand for respiratory support and oxygen therapy, driving the growth of the nasal cannula market.
Restraints
Availability of alternative respiratory support devices
- One key restraint of the market is the availability of alternative respiratory support devices. While nasal cannulas are widely used and effective, there are alternative options such as non-invasive ventilation (NIV) devices and mechanical ventilators that provide more advanced respiratory support. Some patients may require these alternative devices based on the severity of their respiratory condition, which can limit the growth potential of the nasal cannula market in certain cases.
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Global Nasal Cannula Market Competitive Landscape
The competitive landscape of the global nasal cannula market is characterized by intense competition among various players striving to gain a significant market share. These players focus on product development, technological advancements, and strategic collaborations to enhance their product offerings and expand their geographic presence. Key strategies employed in the market include mergers and acquisitions, partnerships, and product launches to stay competitive. Additionally, companies are investing in research and development activities to introduce innovative nasal cannula designs with improved comfort, efficiency, and patient compliance. The market's competitive dynamics are driven by factors such as pricing strategies, brand recognition, distribution channels, and regulatory compliance to meet the evolving needs of healthcare professionals and patients.
Top Player’s Company Profiles
- Allied Healthcare Products, Inc. (US)
- Teleflex Incorporated (US)
- Vapotherm Inc. (US)
- ResMed Inc. (US)
- Fairmont Medical (Australia)
- Fisher & Paykel Healthcare Limited (New Zealand)
- Well Lead Medical Co. Ltd. (China)
- Salter Labs (US)
- Hamilton Medical AG (Switzerland)
- Drive DeVilbiss Healthcare (US)
- Vygon (France)
- Besmed Health Business Corp. (Taiwan)
- Smiths Medical (UK)
- Great Group Medical Co. Ltd. (Taiwan)
- MAQUET Holding B.V. & Co. KG (Germany)
- Flexicare Medical (US)
- Progetti S.r.l. (Italy)
- Pulmodyne (US)
- GALEMed Corporation (Taiwan)
Recent Developments
-
Smiths Medical unveils the OptiflowTM 5 HFNC system in November 2023. It is intended for use with patients of all ages.
-
The Arrow® HFNC Optiflow® Comfort cannula, which has a soft, flexible shape for better patient comfort, is introduced by Teleflex Medical in November 2023.
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In November 2023, a fresh study on the worldwide burden of chronic respiratory disorders is released by the World Health Organization (WHO), emphasizing the necessity of better access to oxygen therapy.
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Medtronic announces the release of the new Puritan BennettTM HFNC 900+ system in October 2023, which has improved features for patient comfort and care.
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October 2023 The Philips Respironics Trilogy Evo Mobile oxygen concentrator system gets authorized by the US Food and Drug Administration (FDA) for use in HFNC therapy.
Global Nasal Cannula Key Market Trends
- One key market trend in the global nasal cannula market is the increasing adoption of high-flow nasal cannulas. High-flow nasal cannulas deliver a significantly higher flow rate of oxygen, providing improved oxygenation and respiratory support for patients with severe respiratory conditions. This trend is driven by the growing recognition of the benefits offered by high-flow nasal cannulas, including better patient comfort, reduced work of breathing, and improved humidification of inspired air. The use of high-flow nasal cannulas is expanding across various healthcare settings, including hospitals, emergency departments, and intensive care units, contributing to the overall growth of the nasal cannula market.
Global Nasal Cannula Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global nasal cannula market analysis, the market is experiencing significant growth driven by factors such as the increasing prevalence of respiratory diseases, rising demand for oxygen therapy, and advancements in healthcare infrastructure. The market is segmented into low flow and high flow nasal cannulas, with low flow cannulas dominating the market and high flow cannulas emerging as the fastest-growing segment. Hospitals are the dominant application segment, while ambulatory health services are witnessing rapid growth. North America holds a significant market share, while the Asia Pacific region is experiencing substantial growth. The competitive landscape is characterized by intense competition among key players, who focus on product development and strategic collaborations. Despite alternative respiratory support devices posing a restraint, the market is expected to continue its upward trajectory driven by technological advancements and increasing respiratory disorders.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.24 billion |
| Market size value in 2031 | USD 11.82 billion |
| Growth Rate | 6.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Nasal Cannula Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Nasal Cannula Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Nasal Cannula Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Nasal Cannula Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Nasal Cannula Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Nasal Cannula Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Nasal Cannula Market Report Snapshots
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