Market Highlights: The nasal cannula is a device that is used to deliver when a low flow, low or medium concentration is required, and the patient is in a stable state. It is a flexible tube that is placed under the nose. It consists of two prongs that go inside the nostrils. It is widely used in oxygen therapy where small amounts of supplemental oxygen are required. It is also used to deliver high flows of an air/oxygen blend to accurately deliver high volume of oxygen therapy. The market study is being classified by Type (Curved Prong Cannula, Flared Prong Cannula, Curved and Flared Prong Cannula and Straight Prong Cannula), by Application (Supplemental Oxygen and Nasal High-flow Therapy) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Nasal Cannula are Westmed, Inc. (United States), Medtronic PLC (Ireland), Sorin Group (Germany), Terumo Corporation (Japan), Flexicare Medical Ltd. (United Kingdom), medin Medical Innovations GmbH (Germany), Fisher and Paykel Healthcare Ltd. (New Zealand), Salter Labs (United States), Smiths Medical, Inc. (United States) and Vapotherm Inc. (United States).
Major Market Development Highlights In November 2019, Terumo Corporation has announced that it has decided to acquire Aortica Corporation, a U.S.-based company dedicated to advancing the science of personalised vascular therapy. Medtronic plc MDT recently launched a new type of Cannula for balloon kyphoplasty surgeries in the United States. This Kyphon Assist Directional Cannula will be used together with the company’s balloon kyphoplasty (BKP) products to treat vertebral compression fractures that may occur due to osteoporosis, cancer or benign lesions.
Key Questions Answered in the Report What will the Nasal Cannula Market size and the growth rate be in Future? What are the key factors driving the Nasal Cannula Market? What are the key market trends and macro-economic impacting the growth of the Nasal Cannula Market? What are the challenges to market growth? Who are the key vendors in the Nasal Cannula Market? What are the market opportunities and threats faced by the vendors in the Nasal Cannula Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Nasal Cannula Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Nasal Cannula market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Nasal Cannula market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Nasal Cannula Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.