Press release
Nasal Cannula Market Anticipated To Witness Robust Growth, Surpassing 14.17 Billion By 2029
Nasal Cannula
What Is the Current Nasal Cannula Market Size and Its Estimated Growth Rate?
In the past few years, the nasal cannula market has seen robust growth. The market's value is poised to increase from $8.93 billion in 2024 to $9.82 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%. The significant growth observed in the historical period can be tied to factors such as the growth in personalized patient care, the rise in cases of obstructive sleep apnea, greater awareness about respiratory diseases, shifts in lifestyle, and increasing population.
In the forthcoming years, the nasal cannula market is projected to experience substantial growth, reaching $14.17 billion in 2029 with a compound annual growth rate (CAGR) of 9.6%. Various factors contribute to this expected growth in the forecasted period, including the rising occurrence of respiratory ailments, escalating healthcare costs, a growing elderly population, more government initiatives, and an increased number of surgical procedures. Major trends anticipated in the forecasted period encompass advanced technology, strategic partnerships, expansion of facilities, investments in research and development, and a heightened emphasis on product launches.
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How Are Emerging Segments Shaping the Nasal Cannula Market Landscape?
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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Which Growth Factors Are Influencing Nasal Cannula Market Expansion?
The rise in respiratory ailments is contributing significantly to the expansion of the nasal cannula market. These diseases, which affect the lungs and airways, hinder breathing and oxygen exchange. The increase in such conditions can be linked to causes like air pollution, smoking, viral infections, and heightened exposure to allergens. In cases of respiratory diseases, a nasal cannula is employed to supply additional oxygen straight into the nostrils, enhancing oxygen levels in patients experiencing difficulties in breathing. For instance, the American Lung Association, a non-profit organization based in the US, reported in June 2024 that in 2022, about 44.2 million Americans, or 13.5% of the population, acknowledged having been diagnosed with asthma by a qualified medical professional. Consequently, the escalating number of respiratory diseases is fueling the growth of the nasal cannula market.
Who Are the Dominant Players Across Different Nasal Cannula Market Segments?
Major companies operating in the nasal cannula market are Cardinal Health Inc., Medline Industries Inc., Becton inson 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 Latest Developing Trends in the Acne Treatment Devices Market?
Leading entities in the nasal cannula market are channeling their resources into technological improvements such as low-flow nasal cannulas. These advancements aim to optimise oxygen delivery, comfort for patients, and cater to unique clinical needs. Low-flow nasal cannulas are specially designed tools that supply supplemental oxygen at lower rates, typically around 1 to 6 liters per minute, using two prongs that fit into the nostrils. To illustrate, in May 2024, CNSAC MedShop, a diagnostics and consumables firm from Germany, launched NasalOxy, an innovative and patented low-flow nasal cannula that overcomes the drawbacks of traditional oxygen delivery approaches. This novel instrument offers superior comfort and efficacy for patients who need extended oxygen therapy and is flexible enough to support both nasal and oral respiratory processes. NasalOxy's progressive design minimizes the touch with the mucous membrane, thus reducing irritation, discomfort and preventing the usual side effects tied to conventional nasal cannulas.
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Which Geographic Regions Are Expected to Dominate the Nasal Cannula Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Nasal Cannula Market?
2. What is the CAGR expected in the Nasal Cannula Market?
3. What Are the Key Innovations Transforming the Nasal Cannula Industry?
4. Which Region Is Leading the Nasal Cannula Market?
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