Key Trends and Insights into the Nasal Cannula Market: Growth Rate and Opportunities to 2034
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How has the nasal cannula market grown over the years?
The market size of the nasal cannula has seen significant growth in the past few years. With a compound annual growth rate (CAGR) of 9.9%, it’s expected to rise from $8.93 billion in 2024 to $9.82 billion in 2025. Factors that have contributed to this growth in the historical period include enhanced personalized patient care, a rise in obstructive sleep apnea, greater awareness of respiratory diseases, lifestyle alterations, and a growing population.
What Is the forecasted market size and growth rate for the nasal cannula market?
Over the coming years, the nasal cannula market is forecasted to experience robust growth, with its size predicted to reach $14.17 billion in 2029 with a compound annual growth rate (CAGR) of 9.6%. The expected growth during this forecast period is due to factors such as the rising occurrence of respiratory ailments, increased healthcare spending, growing aged population, expanded government programs, and a surge in the number of surgical procedures. Major trends anticipated for this forecast period encompass advancements in technology, strategic collaborations, expansions of facilities, investments into research and development, and an emphasis on product launches.
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What are the major factors driving growth in the nasal cannula market?
The rise in respiratory ailments has been a significant factor propelling the nasal cannula market’s growth. These health issues, which affect the lungs and airways, hamper the body’s breathing and oxygen exchange capabilities. The increase in these ailments can be linked to elements such as heightened exposure to allergens, viral infections, smoking, and air pollution. A nasal cannula is employed in such conditions to provide additional oxygen directly into the nostrils, thus enhancing oxygen levels in patients who have difficulty breathing. For instance, the American Lung Association, a non-profit organization based in the United States, stated in June 2024 that approximately 44.2 million Americans, or 13.5% of the population, confirmed they had been diagnosed with asthma by a competent health care professional in 2022. Hence, the surge in respiratory ailments is a driving force behind the expansion of the nasal cannula market.
What key areas define the segmentation of the global nasal cannula Market?
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 are the top market players propelling the growth of the nasal cannula industry?
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 key trends shaping the future of the nasal cannula market?
Major companies operating in the nasal cannula market are focusing on technological innovations, such as low-flow nasal cannulas, to enhance patient comfort, improve oxygen delivery efficiency, and meet specific clinical requirements. A low-flow nasal cannula is a device designed to deliver supplemental oxygen at lower flow rates, usually ranging from 1 to 6 liters per minute, through two prongs inserted into the nostrils. For instance, in May 2024, CNSAC MedShop, a Germany-based diagnostics and consumables company, introduced NasalOxy, a revolutionary, patented low-flow nasal cannula designed to address the limitations of traditional oxygen delivery methods. This innovative device provides unparalleled comfort and effectiveness for patients requiring long-term oxygen therapy while also offering versatility for supporting both nasal and oral breathing. The advanced design of NasalOxy reduces contact with the mucous membrane, thereby minimizing irritation and discomfort and eliminating common side effects associated with traditional nasal cannulas.
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What regions are dominating the nasal cannula market growth?
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.
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