Latest News- Nasal Cannula Market: High flow nasal cannula is expected to lead the Product segment during 2024-2028

The Nasal Cannula Market is being driven by Growing prevalence of smoking

The Nasal Cannula Market is expected to grow at a CAGR of 4.49% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 189.5 million. In the healthcare industry, Heated Humidified High-Flow Nasal Cannulas (HHFNCs) have emerged as a preferred solution for delivering medical gases to individuals with respiratory disorders. These advanced devices provide a high flow rate of up to 60 LPM, ensuring optimal oxygen saturation and reducing the need for intubation or non-invasive ventilation. HHFNCs maintain an ideal body temperature and vapor pressure, creating a clean wash-out path for the upper airway. Their application extends to various respiratory conditions, including hypoxemia, shortness of breath, acute asthma, and pulmonary embolism, as well as post-operative procedures. By delivering a consistent, high flow of humidified oxygen, HHFNCs contribute significantly to improving patient comfort and clinical outcomes. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • High flow nasal cannula
  • Low flow nasal cannula
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing prevalence of smoking
• Increasing geriatric population
• High adoption rate for single-use nasal cannula

However, the market also witnesses some limitations, which are as follows:

• High cost of healthcare
• Market maturity and saturation for nasal cannulas in developed countries
• Risks and complications related to nasal cannula

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Market Scope in Nasal Cannula Market Research Report

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Research Analysis Overview

The Nasal Cannulas Market encompasses products with various features, including adjustable prongs for optimal oxygen concentration, easy-to-use design with a cannula sizing chart, secure fit for maintaining airway patency and patient tolerance. Humidity level, skin irritation, and cannulas' lifespan are crucial factors, as well as sterile packaging and hygienic design with disinfection protocols. Lightweight, break-resistant, and low-profile designs ensure user-friendliness, while color coding, tubing length, and connector compatibility cater to different patient age ranges and anatomical fits. Material properties, biocompatibility, flow rate control, and pressure drop undergo clinical validation for regulatory compliance.

Market Research Overview

The Nasal Cannulas market is a significant segment of the larger global Healthcare Supplies industry, encompassing businesses specializing in the research and development of medical consumables, including nasal cannulas. According to Technavio, the Healthcare Supplies market size is determined by the consolidated revenue generated by manufacturers of various medical supplies such as syringes, drapes, gloves, and gowns. Key growth drivers for the Nasal Cannulas market include an aging population, with the proportion of individuals aged 60 and above projected to rise significantly in both the US and Europe by 2030-2050. This demographic trend will increase demand for nasal cannulas due to their application in the treatment of respiratory conditions common among the elderly. Other factors contributing to market growth include the availability of cannulas with customizable oxygen flow rates, various cannula length options, ergonomically designed nasal prongs, humidification chambers, and reduced airflow resistance for enhanced patient comfort.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/