Nasal Cannula Market By Type (Standard Nasal Cannulas, Pediatric Nasal Cannulas), Application (Hospitals And Clinics, Ambulatory Care), End-User (Patients, Healthcare Professionals), & Region for 2024-2031
Report ID: 182442|No. of Pages: 202
Nasal Cannula Market By Type (Standard Nasal Cannulas, Pediatric Nasal Cannulas), Application (Hospitals And Clinics, Ambulatory Care), End-User (Patients, Healthcare Professionals), & Region for 2024-2031
Nasal Cannula Market Valuation – 2024-2031
Increasing demand for non-invasive respiratory support has been driven by the growing prevalence of chronic respiratory diseases, contributing to the expansion of the nasal cannula market. According to the analyst from Verified Market Research, the Nasal Cannula Market is estimated to reach a valuation of USD 11.37 Billion over the forecast subjugating around USD 7.81 Billion valued in 2024.
The rapid expansion of the nasal cannula market is primarily driven by the rising adoption of home healthcare services, which has led to an increased need for convenient and effective respiratory devices. It enables the market to grow at a CAGR of 5.30% from 2024 to 2031.
Nasal Cannula Market: Definition/ Overview
A nasal cannula is defined as a medical device used to deliver supplemental oxygen to patients suffering from respiratory conditions. It consists of a lightweight tube that fits comfortably around the ears and extends into the nostrils, allowing for the efficient administration of oxygen while enabling the patient to speak and eat without obstruction. Commonly used in hospitals, clinics, and home healthcare settings, nasal cannulas are favored for their ease of use and comfort compared to other oxygen delivery systems.
Increasing prevalence of chronic respiratory diseases, such as chronic obstructive pulmonary disease (COPD) and asthma, is contributing to the demand for nasal cannulas. The growing emphasis on home healthcare solutions is further enhancing the market’s growth potential, as patients seek effective and user-friendly devices for oxygen therapy. Additionally, advancements in technology and product design are being recognized as significant factors driving innovation within the nasal cannula market.
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How is the Rising Demand for Home Healthcare Services Impacting the Growth of the Nasal Cannula Market?
The rising demand for home healthcare services is impacting the growth of the nasal cannula market by significantly increasing the need for convenient respiratory solutions. Patients requiring oxygen therapy are being encouraged to receive treatment in home settings, where comfort and ease of use are prioritized.
As a result, nasal cannulas are being preferred due to their non-invasive nature and ability to allow patients to maintain normal activities, such as eating and speaking while receiving oxygen. The expansion of telehealth services is also being facilitated, providing patients with remote monitoring options that enhance the overall effectiveness of home-based care. According to VMR, Telehealth Market size was valued at USD 138.07 Billion in 2023 and is projected to reach USD 1126.03 Billion by 2031, growing at a CAGR of 33.09% from 2024 to 2031. Consequently, a shift toward home healthcare solutions is being recognized as a crucial driver of market growth.
What Challenges are posed by the Availability of Alternative Oxygen Delivery Devices to the Nasal Cannula Market?
Challenges posed by the availability of alternative oxygen delivery devices are being faced by the nasal cannula market, potentially impacting its overall growth trajectory. Competing products, such as non-rebreather masks and high-flow nasal cannula systems, are being increasingly adopted in clinical settings for specific respiratory conditions. These alternatives often offer advantages in oxygen delivery efficiency and patient outcomes, which may lead to a preference shift among healthcare providers.
Additionally, the introduction of advanced technologies in competing devices is being noted, presenting further challenges to nasal cannula adoption. Consequently, strategic marketing and innovation efforts are being emphasized to mitigate these challenges and retain market share.
Category-Wise Acumens
What Factors Are Driving the Demand for Pediatric Nasal Cannulas in the Healthcare Market?
According to VMR analyst, the demand for pediatric nasal cannulas in the healthcare market is being driven by an increasing recognition of the need for specialized respiratory support for children. As the prevalence of respiratory conditions in pediatric populations continues to rise, a greater focus is being placed on developing products that cater specifically to their anatomical and physiological needs. These specialized devices are being designed to ensure optimal fit and comfort, thereby enhancing compliance during treatment.
Additionally, advancements in materials and technology are being incorporated into pediatric nasal cannulas, resulting in improved safety and effectiveness. Consequently, a notable expansion in this sub-segment is being observed as healthcare providers prioritize tailored solutions for young patients.
How are Hospitals and Clinics Contributing to the Growth of the Standard Nasal Cannula Segment?
According to VMR analyst, the growth of the standard nasal cannula segment is being significantly supported by the critical role that hospitals and clinics play in delivering respiratory care. These facilities are increasingly adopting standard nasal cannulas due to their cost-effectiveness and ease of use in various clinical settings. As the volume of patients requiring oxygen therapy rises, particularly in emergency and critical care departments, the standard nasal cannula is being favored for its versatility and practicality.
Furthermore, ongoing training for healthcare professionals regarding the proper use of nasal cannulas is being emphasized, enhancing their application across multiple patient demographics. As a result, a robust demand for standard nasal cannulas within hospitals and clinics is being recognized, thereby propelling the overall market growth.
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Country/Region-wise Acumens
What Factors are Contributing to the Dominance of North America in the Nasal Cannula Market?
According to VMR analyst, the dominance of North America in the nasal cannula market is being attributed to several key factors, including advanced healthcare infrastructure and high levels of healthcare expenditure. A robust network of hospitals and clinics equipped with the latest medical technologies is being established, which facilitates the effective use of nasal cannulas for respiratory therapy.
Furthermore, an increasing prevalence of chronic respiratory diseases is being observed in the region, driving the demand for oxygen-delivery devices. According to the American Lung Association’s 2021 report, approximately 16.4 million adults in the United States have been diagnosed with COPD.
The presence of leading market players and ongoing innovations in product development are also being recognized as significant contributors to North America’s market leadership. Consequently, a strong competitive landscape is being fostered, further solidifying the region’s position in the nasal cannula market.
How is the Asia Pacific Region Experiencing Rapid Growth in the Nasal Cannula Market?
According to VMR Analyst, the Asia Pacific region is experiencing rapid growth in the nasal cannula market, driven by a combination of rising population and increasing healthcare access. Urbanization and economic development are leading to an expansion of healthcare facilities and services, making respiratory care more accessible to patients.
Additionally, the growing awareness of chronic respiratory conditions and the importance of effective oxygen therapy are being promoted through public health initiatives. According to the Global Burden of Disease Study 2019, published in The Lancet, chronic obstructive pulmonary disease (COPD) affected approximately 212.3 million people worldwide in 2019, with the highest prevalence in East Asia.
The region is also seeing an influx of international players investing in local production and distribution, which is enhancing market penetration. As a result, a notable acceleration in the demand for nasal cannulas is being observed in the Asia Pacific, positioning it as a rapidly growing segment within the global market.
Competitive Landscape
The Nasal Cannula Market’s competitive landscape is characterized by a varied range of companies, including technology developers, plant operators, and service providers, all striving for market share in an increasingly dynamic and growing industry.
Some of the prominent players operating in the nasal cannula market include:
- Argyle
- Becton Dickinson and Company
- Cardinal Health
- ConvaTec, Inc.
- Fisher & Paykel Healthcare
- Medtronic plc
- Microcannula
- Smiths Medical
- Teleflex Incorporated
- Terumo Corporation
Latest Developments
- In November 2023, a fresh study on the worldwide burden of chronic respiratory disorders was released by the World Health Organization (WHO), emphasizing the necessity of better access to oxygen therapy.
- In October 2023, Medtronic announced the release of the new Puritan BennettTM HFNC 900+ system, which has improved features for patient comfort and care.
- In October 2023, the Philips Respironics Trilogy Evo Mobile oxygen concentrator system was authorized by the US Food and Drug Administration (FDA) for use in HFNC therapy.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~5.30% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | Argyle, Becton Dickinson and Company, Cardinal Health, ConvaTec, Inc., Fisher & Paykel Healthcare, Medtronic plc, Microcannula, Smiths Medical, Teleflex Incorporated, Terumo Corporation |
| Customization | Report customization along with purchase available upon request |
Nasal Cannula Market, By Category
Type:
- Standard Nasal Cannulas
- Pediatric Nasal Cannulas
Application:
- Hospitals And Clinics
- Ambulatory Care
End-User:
- Patients
- Healthcare Professionals
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
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Customization of the Report
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Nasal Cannula Market, By Nasal Cannula Type
• Standard Nasal Cannulas
• High-Flow Nasal Cannulas (HFNC)
• Pediatric Nasal Cannulas
• Adult Nasal Cannulas
5. Nasal Cannula Market, By Application
• Hospitals and Clinics
• Homecare Settings
• Long-Term Care Facilities
• Ambulatory Care
6. Nasal Cannula Market, By End User
• Patients
• Healthcare Professionals
• Hospitals and Healthcare Facilities
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• Teleflex Incorporated
• Medtronic plc
• Cardinal Health
• Smiths Medical
• Fisher & Paykel Healthcare
• ConvaTec Inc.
• Becton Dickinson and Company
• Microcannula
• Terumo Corporation
• Argyle
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
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Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
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All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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