According to a market report by Lucintel, the future of the global nasal cannula market looks promising with opportunities in the hospital and ambulatory surgical center markets. The global nasal cannula market is expected to grow with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rising incidence of respiratory disorders, such as chronic obstructive pulmonary disease (COPD), asthma, and other respiratory conditions, growth in the healthcare expenditure by emerging nations, and increasing awareness among healthcare professionals and patients about the benefits of oxygen therapy.
A more than 150-page report to understand trends, opportunity and forecast in nasal cannula market to 2030 by type (high flow nasal cannulas and low flow nasal cannulas), application (hospitals, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category low flow nasal cannula will remain the largest segment over the forecast period because they are becoming more and more popular in long-term care, home care, and ambulatory care settings where low or medium concentration is needed and the patient is in a stable state.
Within the application category, hospital is expected to witness the higher growth due to increased use of high-flow nasal cannulas for patients with acute respiratory distress who require high-flow oxygen, along with growing number of elderly people and those suffering from chronic respiratory distress.
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In terms of regions, North America is expected to witness the highest growth over the forecast period due to rise in the occurrence of respiratory diseases such as COPD and asthma, as well as, expansion of both domestic and foreign producers makes goods more widely available and easier to adopt.
Medtronic, BD, Salter Labs, Teleflex, Westmed, Smiths Medical, Flexicare are the major suppliers in the nasal cannula market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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