Nasal Cannula Market - By Type (Low, High), By Material (Plastic, Silicone), Application (Acute Respiratory Failure, COPD, Bronchiectasis, Sleep Apnea), End use (Hospital, Specialty Clinic, Long Term Care Center, ASC, Homecare) – Global Forecast, 2023-2032
Report ID: GMI4548
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Published Date: November 2023
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Report Format: PDF
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Premium Report Details
Base Year: 2022
Companies covered: 11
Tables & Figures: 0
Countries covered: 22
Pages: 150
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Nasal Cannula Market Size
Nasal Cannula Market was valued at USD 7.5 billion in 2022 and is poised to grow at a CAGR of over 6.2% from 2023 to 2032. A nasal cannula is a medical device used to deliver supplemental oxygen to individuals that require increased oxygen levels in their bloodstream. It is a lightweight, flexible tube that typically consists of two prongs that are inserted into the nostrils. The other end of the tube is connected to an oxygen source, such as an oxygen cylinders and concentrators.
According to the American Hospital Association, over 34 million patients were admitted to U.S. hospitals for both critical and non-critical procedures in 2022. Consequently, the high rate of hospital admissions is said to drive market growth of cannula throughout the forecast period.
The overall healthcare landscape has witnessed a notable surge in surgical procedures necessitating oxygen support in recent years. There has been a significant increase in the number of surgeries wherein patients require supplemental oxygen. This rise is attributed to several factors, including an aging population base with a higher prevalence of respiratory issues, an increase in complex surgical interventions, and the expanding scope of elective procedures.
The demand for oxygen support during surgeries underscores the critical importance of ensuring optimal oxygenation for patients undergoing various medical interventions. This trend emphasizes the need for healthcare facilities to adapt and enhance their infrastructure and resources to meet the growing requirements of oxygen-dependent surgical procedures.
COVID-19 Impact
The COVID-19 pandemic significantly impacted the nasal cannula market. The surge in respiratory distress cases led to a heightened demand for oxygen delivery devices, with nasal cannulas playing a crucial role. Hospitals faced challenges in managing the influx of patients, leading to strain on resources and disruption in the supply chain. The pandemic prompted a shift toward homecare settings, increasing the need for portable nasal cannulas.
Nasal Cannula Market Trends
The increasing home healthcare adoption of nasal cannulas reflects a broader trend towards patient-centred care, emphasizing comfort, accessibility, and cost-effectiveness. As technology and healthcare delivery models continue to evolve, the role of nasal cannulas in home-based respiratory care is anticipated to expand further.
Nasal Cannula Market Analysis
The market by type is categorized into low flow and high flow nasal cannula. The low flow nasal cannula segment garnered USD 5.4 billion revenue size in the year 2022.
Moreover, rising awareness, improving healthcare infrastructure, and rising healthcare expenditure further contributes to market expansion.
Based on material, the nasal cannula market is segmented into plastic and silicone. The plastic segment dominated the market and accounted for over 63% business share in the year 2022.
Based on application, the nasal cannula market is segmented into acute respiratory failure, chronic obstructive pulmonary disease (COPD), anesthesia, carbon monoxide toxicity, sleep apnea, acute heart failure, and other applications. The COPD segment accounted for over 27% business share in the year 2022.
Based on end-use, the nasal cannula market is segmented into hospitals, specialty clinics, long-term care centres, ambulatory care centres, homecare settings, and other end-users. The hospitals segment accounted for over 35% revenue share in the year 2022.
U.S. nasal cannula market accounted for over USD 2.9 billion revenue size in 2022 and is predicted to witness substantial market progress.
Moreover, the aging population base in the U.S. has been a significant factor driving the demand for medical devices, including nasal cannulas. As individuals age, there is an increased likelihood of respiratory conditions that may require oxygen therapy.
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:
Nasal Cannula Industry News:
Nasal cannula market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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By Type, 2018 – 2032 (USD Million)
By Material, 2018 – 2032 (USD Million)
By Application, 2018 – 2032 (USD Million)
By End-use, 2018 – 2032 (USD Million)
The above information is provided for the following regions and countries: