SEATTLE, July 27, 2021, (MEDGADGET) — Global Nasal Cannula Market – Press Release
The global nasal cannula market by Product Type (High-flow Cannula, Low-flow Cannula and Others), by Application (Cardiovascular Diseases, Cancer, Respiratory Diseases, and Others), by End User (Home Care Settings, Neonatal Intensive Care Units, Hospitals, and Others), and by Region (Latin America, Europe, Asia Pacific, North America, Africa, and Middle East). In 2017, the market was worth US$ 4,234.5 million, and it is expected to develop at a CAGR of 7.4% over the forecast period (2018–2026).
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Because of factors such as product development and the high prevalence of diseases such as chronic obstructive pulmonary respiratory diseases (COPD), lung cancer, and stroke, the global nasal cannula market is expected to expand significantly over the forecast period. Furthermore, the global nasal cannula market is expected to expand due to initiatives taken by several organizations related to the treatment and awareness of respiratory diseases over the forecast period. Manufacturers are concentrating their efforts on the development of new products and the introduction of new technologies into the market. In January 2016, UODPS LLC, for example, released the Uniflo-2 single nasal cannula, which was made of ultra-smooth materials. It is free of rubber latex, which reduces exposure to Di-2-ethylhexyl phthalate (DEHP) and therefore reduces irritation. It has a memory stabilizer which ensures the air flows continuously. In June 2018, the company conducted a survey in which COPD patients who used the Uniflo 2 single nasal cannula shared their thoughts. According to the report, nearly 98 percent of patients find this nasal cannula to be more comfortable than a dual prong nasal cannula. It allows for minimal skin contact to prevent skin irritation, which is common with dual prong nasal cans, and is almost half the weight of dual prong nasal cannulas. Furthermore, the US Food and Drug Administration (FDA) granted Vapotherm Inc. approval for the Precision Flow Hi-VNI system (respiratory system) in October 2018.
As the incidence of COPD rises, demand for nasal cannulas is expected to rise, boosting the global nasal cannula market growth over the forecast period. According to the World Health Organization (WHO), approximately 65 million people worldwide suffer from mild to extreme COPD, with approximately 3 million deaths per year. COPD is also the world’s third leading cause of death. Acute lower respiratory tract infections cause about 4 million deaths in children under the age of five years per year, according to the same source. Furthermore, preterm babies are linked to complications related to breathing problems. According to the World Health Organization, nearly 15 million babies were born prematurely in 2018. A nasal cannula can be used to provide precise ventilation to infants. As a result, the global nasal cannula market is expected to rise over the forecast period due to the rising prevalence of COPD in children and adults.
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Key Takeaways:
Due to the large number of products offered by manufacturers, which broadens the range of available options to consumers, the global nasal cannula market is expected to grow at a CAGR of 4% over the forecast period (2018–2026).
Increased prevalence of diseases including lung cancer, stroke, and COPD may lead to increased demand for nasal cannulas, boosting the global nasal cannula market over the forecast period.
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Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Regulatory Scenario
- Key Highlights
- Research and Development Collaboration, Mergers, and Acquisitions
- PEST Analysis
- Porters Five Forces Analysis
- Epidemiology
- Market Dynamics
- Global Nasal Cannula Market, By Product Type, 2016–2026 (US$ Mn)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2018–2026
- Segment Trends
- Low-flow Cannula
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- High-flow Cannula
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- Introduction
- Global Nasal Cannula Market, By Application, 2016–2026 (US$ Mn)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2018–2026
- Segment Trends
- Cancer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- Respiratory Diseases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- Cardiovascular Diseases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- Introduction
- Global Nasal Cannula Market, By End User, 2016–2026 (US$ Mn)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2018–2026
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- Neonatal Intensive Care Units (NICU)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- Home Care Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- Introduction
- Global Nasal Cannula Market, By Region, 2016–2026 (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2018–2026
- North America
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Application, 2016–2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Mn)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Application, 2016–2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Application, 2016–2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of APAC
- Latin America
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Application, 2016–2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Application, 2016–2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016–2026 (US$ Mn)
- Central Africa
- South Africa
- North Africa
- Middle East
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Application, 2016–2026 (US$ Mn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Mn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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