17 July 2019 - The Global Nasal Cannula Market is expected to display higher growth rate over the next five years. Rapid surge in nasal cannula market is credited to the growing prevalence of respiratory disorders and increasing number of minimally surgical procedure performed each year. Rising demand for heated humidified high-flow nasal cannulas and increasing number of offline & online distribution channels are expected to drive the growth of nasal cannula market over the forecast period. Globally, market is predicted to generate massive revenue over the next five years, providing numerous opportunities for industry participants to invest in research and development of nasal cannula market.

The nasal cannula (NC) is typically used for delivering supplemental oxygen to a patient. The nasal cannula (NC) increases airflow supplied to a patient in order to provide respiratory help. The nasal cannula (NC) contains a lightweight tube. This tube is divided into two at one end and placed on the nostrils. The mixture of air and oxygen flow is provided to the patient via this tube. While the other end of the tube is attached to an oxygen supply like a portable oxygen generator. Flow-meter is also used to monitor oxygen supply.

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In addition, rising consumer awareness and favorable initiatives undertaken by local governments across the globe to offer primary healthcare services at inexpensive rates are expected to stimulate the growth of nasal cannula market over the forecast period. Furthermore, rising medical issues due to changing lifestyle and food habits are predicted to positively impact industry performance in the upcoming years.

Nasal cannulas are increasingly adopted in hospitals, ambulatory surgical centers (ASC), blood banks, laboratories, pathology labs, and other healthcare settings. In hospitals, nasal cannula is adopted during different surgical procedures such as orthopedic surgery, cardiovascular surgery, dermatology, neurology, gynecology, oxygen therapy, and many more.

The market is broadly categorized into two major segments based on the application type such as nasal high flow therapy and supplemental oxygen. Supplemental oxygen segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of nasal cannula in supplemental oxygen segment is attributed to the increased usage during oxygen therapy.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in healthcare sector, surge in number of research & development activities and existence of well-established medical infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth due to the presence of several online & offline distribution channels.

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Asia-Pacific region is estimated to hold major share in the nasal cannula industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising healthcare infrastructural spending, increasing awareness level among general public and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the nasal cannula market are Fisher & Paykel Healthcare Ltd., ResMed, Inc., Teijin Pharma Ltd., Becton, Inc., Dickinson & Co., MEK-ICS CO., LTD., Teleflex Inc., Smiths Medical Co., Vapotherm, Inc., Flexicare Medical Ltd., Hamilton Medical Ltd., TNI medical AG, and Great Group Medical Co., Ltd.

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