Nasal Cannula Market to record a CAGR of almost 8% during 2020-2024|Technavio

NEW YORK, Sept. 23, 2021 /PRNewswire/ -- The nasal cannula market is expected to grow by $ 290.12 mn during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the nasal cannula market in optimistic, probable, and pessimistic forecast scenarios.

Technavio has announced its latest market research report titled Nasal Cannula Market by Product, End-user, and Geography - Forecast and Analysis 

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As the business impact of the COVID-19 spreads, the nasal cannula market is expected to witness POSITIVE growth during the forecast period.

Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.

The recovery process involves various phases, including:-

  • Addressing potential impacts by facilitating changes in process designs
  • Identifying potential disruptions
  • Assessing the impact on critical IT infrastructure and software systems

 Download a Free Sample To Learn About Pandemic-Driven Insights

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Key Market Participants Analysis

Allied Healthcare Products Inc.: The company offers latex-free nasal cannulas in different sizes and specifications for adults, children, and infants.

Besmed Health Business Corp.: The company offers a wide range of nasal cannulas for children and infants.

ConvaTec Group Plc: The company offers Mac-Safe CO2 monitoring nasal cannulas for adults.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here for a detailed market share analysis of market participants during COVID-19 lockdown:

Nasal Cannula Market 2020-2024: Segmentation

The nasal cannula market is segmented as below:

  • Product
    • High-flow Nasal Cannula
    • Low-flow Nasal Cannula
  • Geography
    • North America
    • Europe
    • Asia
    • ROW
  • End-user
    • Hospitals
    • Ambulatory Surgical Centers (ASCs)
    • Others

The nasal cannula market is driven by the increasing prevalence of chronic respiratory diseases. Other factors such as the growing popularity of heated-humidified high-flow nasal cannulas are expected to trigger the nasal cannula market. The market is expected to witness a decelerating CAGR of over almost 8% during the forecast period.

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Market Drivers
Market Challenges
Market Trends
Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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