Press release
Rising Respiratory Diseases Fuel Growth In The Market Driver: A Major Catalyst in the Evolution of the Nasal Cannula Market in 2025
How Is the Nasal Cannula Market Projected to Grow, and What Is Its Market Size?Significant growth has been witnessed in the nasal cannula market over the past few years. The market size is projected to increase from $8.93 billion in 2024 to $9.82 billion in 2025, showcasing a compound annual growth rate (CAGR) of 9.9%. The growth observed in the historic period is a result of factors such as the rise in personalized patient care, higher instances of obstructive sleep apnea, growing awareness about respiratory diseases, lifestyle changes, and an increasing population.
We predict a robust expansion in the nasal cannula market size over the ensuing years, with the projections indicating an increase to $14.17 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. Multiple factors driving this growth during the forecast period are the rising incidence of respiratory illnesses, larger healthcare spending, an aging population, more government interventions, and a greater number of surgical procedures. The forecast period will also see leading trends such as improved technology, strategic partnerships, facility enlargement, investment in research and development, and a focus on product introductions.
What Are the Key Drivers Behind the Growth of the Nasal Cannula Market?
The nasal cannula market's expansion is significantly propelled by the rising incidence of respiratory ailments. These ailments are typified by conditions that affect airways and lungs, thereby posing challenges to normal breathing and oxygen circulation. The increase in respiratory diseases can be traced back to elements like air contamination, smoking, viral contagion, and heightened exposure to allergens. A nasal cannula, utilized in the treatment of respiratory diseases, administers supplementary oxygen straight to the nostrils, enhancing oxygen concentrations in patients struggling with breathing issues. To illustrate, the American Lung Association, a non-profit organization based in the US, informed in June 2024 that approximately 44.2 million Americans, forming 13.5% of the population, were diagnosed with asthma by a certified healthcare professional in 2022. Hence, the escalating prevalence of respiratory diseases is a vital stimulus propelling the evolution of the nasal cannula market.
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Who Are the Major Industry Players Fueling Nasal Cannula Market Expansion?
Major companies operating in the nasal cannula market are Cardinal Health Inc., Medline Industries Inc., Becton Dickinson and Company, ResMed Inc., Teleflex Incorporated, Angiplast Pvt. Ltd., Fisher & Paykel Healthcare Limited, Drive DeVilbiss Healthcare LLC, Well Lead Medical Co. Ltd., GaleMed Corp., Vapotherm Inc., Salter Labs Inc., Dynarex Corporation, Mais India Medical Devices Pvt. Ltd., Allied Medical LLC, Besmed Health Business Corp., Flexicare Medical Ltd., Medin Medical Innovations AB, Airways Surgical Pvt. Ltd., Great Group Medical Co. Ltd., HUM GmbH
What Are the Emerging Trends in the Nasal Cannula Industry?
Prominent companies within the nasal cannula market are putting their efforts towards technological advancements such as low-flow nasal cannulas, with the aim of increasing patient comfort, boosting efficiency in oxygen delivery and addressing specific clinical needs. Low-flow nasal cannulas are created to provide additional oxygen at a reduced flow, typically between 1 and 6 liters per minute, via two prongs that are inserted in the nostrils. For instance, CNSAC MedShop, a diagnostics and consumables firm based in Germany, launched NasalOxy in May 2024. This is an innovative, patented low-flow nasal cannula developed to overcome the challenges posed by conventional oxygen delivery techniques. This novel device offers exceptional comfort and efficiency to patients who require long-term oxygen therapy, whilst also providing the capability to support both nasal and oral breathing. NasalOxy's sophisticated design minimizes contact with the mucous membrane, thus reducing irritation and discomfort and preventing the common adverse effects linked to traditional nasal cannulas.
How Is the Segmentation of the Nasal Cannula Market Defined?
The nasal cannula market covered in this report is segmented -
1) By Type: Low Flow Nasal Cannula, High Flow Nasal Cannula
2) By Material: Plastic, Silicone
3) By Size: Neonate, Infant, Child, Adult
4) By Prongs: Straight, Curved, Flared, Other Prongs
5) By End User: Hospitals, Ambulatory Healthcare Services, Long Term Care Centers, Others End Users
Subsegments:
1) By Low Flow Nasal Cannula: Adult Low Flow Nasal Cannula, Pediatric Low Flow Nasal Cannula, Disposable Low Flow Nasal Cannula, Reusable Low Flow Nasal Cannula
2) By High Flow Nasal Cannula: Adult High Flow Nasal Cannula, Pediatric High Flow Nasal Cannula, Disposable High Flow Nasal Cannula, Reusable High Flow Nasal Cannula
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What Is the Leading Region in the Nasal Cannula Market?
North America was the largest region in the nasal cannula market in 2024. The regions covered in the nasal cannula market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Nasal Cannula Global Market Report?
- Market Size Analysis: Analyze the nasal cannula Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the nasal cannula Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall nasal cannula market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the nasal cannula market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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