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Nasal Cannula Market Share

Report ID: GMI4548
Published Date: Nov 2023
Report Format: PDF

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Nasal Cannula Market Share

The nasal cannula industry is fragmented, with key players including Becton, Dickinson and Company and others dominating the market. These companies focus on ongoing product innovation, geographical expansion, and partnerships to secure substantial market shares. For instance, the U.S. National Institutes of Health (NIH) and the World Health Organization (WHO) have both recommended the consideration of High-Flow Nasal Cannula (HFNC) therapy, as a viable alternative for delivering respiratory support to specific COVID-19 patients that may not find conventional oxygen therapy to be adequate.

Some of the eminent market participants operating in the nasal cannula industry include:

Salter Labs
Teleflex Incorporated
Becton, Dickinson and Company
Westmed, Inc.
Flexicare Medical Limited
Besmed Health Business Corp.
Drive DeVilbiss Healthcare
Smiths Medical
Medtronic PLC
Sorin Group
Masimo Corporation

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Nasal cannula industry was worth USD 7.5 billion in revenue in 2022 and is projected to reach USD 13.5 billion by 2032 driven by the aging population base with higher prevalence of respiratory issues and the increase in complex surgical interventions.

Low flow segment garnered USD 5.4 billion in revenue in 2022 and is estimated to witness high demand through 2032 attributed to widespread usage in chronic conditions, such as chronic obstructive pulmonary disease (COPD) and sleep apnea.

U.S. nasal cannula market size exceeded USD 2.9 billion in 2022 and is poised to exhibit robust growth rate through 2032 owing to the rising changes in healthcare policies, reimbursement structures, and insurance coverage.

Some of the top nasal cannula companies are Salter Labs, Teleflex Incorporated, Becton, Dickinson and Company, Westmed, Inc., Flexicare Medical Limited, Smiths Medical, Medtronic PLC, Sorin Group, and Masimo Corporation.