Nasal Cannula Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024
Technavio has been monitoring the nasal cannula market and it is expected to grow by $ 290.12 mn, decelerating at a CAGR of almost 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Nasal Cannula Market: Key Trends to impact market growth
The Growing popularity of heated humidified high-flow nasal cannula is one of the key nasal cannula market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Nasal Cannula Market: Top Drivers to Boost Demand
The increasing prevalence of chronic respiratory diseases is one of the primary factors driving the growth of the nasal cannula market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Allied Healthcare Products Inc., Besmed Health Business Corp. and ConvaTec Group Plc are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Allied Healthcare Products Inc., Besmed Health Business Corp., ConvaTec Group Plc, Drive DeVilbiss Healthcare, Fisher & Paykel Healthcare Corp. Ltd., Flexicare (Group) Ltd., Hamilton Medical AG, ResMed Inc., Smiths Medical Inc., and Teleflex Inc. are some of the major market participants.
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Nasal Cannula Market: Key Highlights of the Report for 2020-2024
Technavio has been monitoring the global nasal cannula market and it is expected to grow by USD 290.12 million, decelerating at a CAGR of almost 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Nasal Cannula Market: Segmentation by Product
During 2019, the high-flow nasal cannula segment accounted for the major share of the Nasal Cannula Market. The growing popularity of heated humidified high-flow nasal cannula as one of the prime reasons driving the nasal cannula market growth during the next few years. This report provides an accurate prediction of the contribution of all the segments to the growth of the nasal cannula market size.
Nasal Cannula Market: Segmentation by Geography
North America was the largest Nasal Cannula Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 43% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for nasal cannula in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the nasal cannula market size. Factors such as increasing prevalence of chronic respiratory diseases will offer immense growth opportunities. However, intense competition among vendors may impede market growth.
Nasal Cannula Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Allied Healthcare Products Inc., Besmed Health Business Corp. and ConvaTec Group Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
