What is Nasal Cannula Market?
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.
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Teleflex (United States) and Vyaire Medical, Inc. (United States).
Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Nasal Cannula market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Nasal Cannula market by Type, Application and Region.
On the basis of geography, the market of Nasal Cannula has been segmented into 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Prevalence of Breathing Diseases such as Asthma, Pneumonia and Cystic Fibrosis
- Increased Number of Diagnostic Centres and Hospitals
- High Research and Development Investment
- Growing Awareness among People about Personal Health and Hygiene
- Increase in the Distribution Channels
- Complications Associated with Nasal Cannula
- Fluctuations in the Raw Material Prices Such as Plastic
- Growing Healthcare Industry Worldwide
- Rise in the E-commerce Industry
- Increased Government Funding for Healthcare Industry
- Stringent Government Rules and Regulations
Market Leaders and some development strategies
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 Target AudienceNasal Cannula Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
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