Silicon Nasal Cannula Market By Type Outlook (Low Flow Nasal Cannula, High Flow Nasal Cannula) By End-use Outlook (Hospitals, Ambulatory Healthcare Services, Long-Term Care Centers, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

The global Silicone Nasal Cannula market report explores the critical analysis of the Silicone Nasal Cannula industry using key parameters. The report consists of investment strategies, the need for investments in the Silicone Nasal Cannula industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Silicone Nasal Cannula industry and how economic and non-economic barriers are helping the Silicone Nasal Cannula market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Silicone Nasal Cannula market?

In 2021, the Low flow nasal cannula segment will dominate the market due to the low cost and growing adoption, leading to the largest market share for low-flow nasal cannula. In 2021, the Hospitals segment dominated and accounted for the largest Silicone Nasal Cannula market share. Due to the increasing adoption of high-flow nasal cannulas, critical respiratory distress needs high-flow oxygen.

Which region dominated the Silicone Nasal Cannula market?

In 2021, North America dominated the highest market share in the global Silicone Nasal Cannula market due to the increasing prevalence of respiratory diseases such as COPD and asthma, driving the Silicone Nasal Cannula market in North America. Additionally, the development of nasal cannula treatment and the increasing healthcare expenditures for chronic diseases on Silicone Nasal Cannula is a growth in this region. Furthermore, with the increasing number of local and international manufacturing facilities, the product is available at the lowest cost and the growing adoption is expected in the Silicone Nasal cannula market in the North America region.

What is the competitive environment of the Silicone Nasal Cannula market?

The Silicone nasal cannula competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the Silicone nasal cannula market share globally, the business organization overview, the introduction of new products, and the opportunities for the Silicone nasal cannula market. For instance, in January 2022, TSC Endovision, a pioneer in single-use endoscopy and a subsidiary of TSC Group, and Flexicare announced cooperation for the marketing of TSC Endovision's Broncoflex, a unique single-use bronchoscope, in the United States.

Executive Summary

What are all technical developments being developed in the Silicone Nasal Cannula Market?

Technical development for the Silicone nasal cannula provides supplemental oxygen therapy to people with lower oxygen levels. The expansion of the global Silicone nasal cannula market is driven by an increase in demand for oxygen therapy to boost productivity and efficiency. For instance, in December 2021, Hangzhou Formed Medical Devices Co. Ltd announced the reusable Siliconee oxygen extension tube made of 100% medical Siliconee.

Which are the key investments by the players in the Silicone Nasal Cannula Market?

Silicone nasal cannula has been used in end-various industries due to their exceptional flexibility and capacity to be adaptable in any setting. Various investments are made among the key player. For instance, in August 2022, Teleflex Incorporated, one of the world's top providers of medical technologies, announced the acquisition of Standard Bariatrics, Inc., which has commercialized a revolutionary powered stapling method for bariatric surgery.

Some major market players are Allied Healthcare Products, Inc., Teleflex Incorporated, Flexicare Medical Ltd., Vapotherm Inc., ResMed Inc., Fairmont Medical, Fisher & Paykel Healthcare Limited, Well Lead Medical Co. Ltd., and Salter Labs.

What are the Major Driving Factors for the Silicone Nasal Cannula market?

The major factor is the rising demand for the Silicone Nasal Cannula market due to the increasing prevalence of respiratory diseases such as asthma and COPD. The increasing smoking rate will contribute to the growing adoption of COPD, which is expected to boost the Silicone nasal cannula market. The increasing demand for nasal cannulas is the growing number of manufacturers and suppliers across the globe. Additionally, the development of nasal cannulas such as Silicone materials, extra soft, curved and flared cannulas to improve the flexibility and growing adoption of high flow nasal cannulas in chronic respiratory diseases treatment has expanded the use of nasal cannula patients of all ages. Furthermore, the increasing healthcare expenditures by some countries and governments initiating the public healthcare systems to afford healthcare and awareness are also expected to increase the Silicone nasal cannula market growth.

What are the Major Risks for the Silicone Nasal Cannula market?

The rising occurrence of respiratory diseases declare the advanced technology needed for healthcare services to provide the supplying oxygen for patients, and there are various options available in the market, such as full-face masks with tubing masks which are used to supply oxygen for patients expected to hamper the Silicone nasal cannula market. Furthermore, the increasing use of nasal cannula can cause side effects such as the transmission of pathogenic viruses that can cause infection in patients. These factors negatively impacted the Silicone nasal cannula market.

Which is the key End-use type in the Market Silicone Nasal Cannula market?

The End-use outlook is classified into Hospitals, Ambulatory Healthcare Services, Long term care centers and others. The Hospitals dominated and accounted for the largest market share of the Silicone nasal cannula market. Due to the increasing adoption of high flow nasal cannulas, critical respiratory distress needs high flow oxygen informed the largest market share of the hospital segment. Furthermore, the long-term care centers segment dominates the market during the forecast period due to the increasing geriatric population and patients with long-term respiratory distress are expected to grow in the Silicone nasal cannula market.

How is the Silicone Nasal Cannula market performing in regions?

In 2021, North America dominated the highest market share in the global Silicone nasal cannula market due to the increasing prevalence of respiratory diseases such as COPD and asthma, driving the Silicone nasal cannula market in North America. Furthermore, with the increasing number of local and international manufacturing facilities, the product is available at the lowest cost and the growing adoption is expected in the Silicone nasal cannula market in the North American region. Additionally, the development of nasal cannula treatment and the increasing healthcare expenditures for chronic diseases on Silicone nasal cannula is a growth in this region.

The Asia Pacific is expected to grow considerably due to the increasing geriatric population. The prevalence of respiratory diseases such as COPD, asthma, and other breathing disorders and the increasing healthcare expenditures are expected to grow the Silicone nasal cannula market in Asia. Additionally, the increasing local manufacturers and awareness of such countries are China and India and the rising purchasing power of the middle-class population are increasing the market growth in this region. These factors are attributed to the Silicone nasal cannula market growth in the Asia Pacific.

What is the regulatory landscape for the Silicone Nasal Cannula market?

Governments are exploring a supportive regulatory strategy across regions in the regulatory landscape for this market. Various governments have extensively invested in healthcare infrastructure in many countries in recent years while developing countries are also spending more on healthcare development. As a result, the government's supportive activities are projected to encourage market participants to expand and create new products to support the global Silicone nasal cannula market throughout the forecast period.

What is the Market Size of the Silicone Nasal Cannula market regarding value?

The global Silicone nasal cannula market is anticipated to grow at a substantial CAGR of 5.90% in the upcoming years. The global Silicone nasal cannula market was estimated to be worth USD 729.5 million in 2021 and was expected to be worth USD 1,028.96 million by 2028.

What are the major players planning for the future of the Silicone Nasal Cannula market?

The major competitors in the Silicone Nasal Cannula market are substantially investing in various cutting-edge technologies, such as cloud computing, artificial intelligence, and others. Furthermore, future scenarios suggest that well-known market players invest significantly in startups and medium-sized enterprises to deliver effective solutions to the industry. Large players are expected to buy or merge with major enterprises or startups to achieve a competitive advantage.

Segmentation of Global Silicone Nasal Cannula market-

Global Silicone Nasal Cannula Market – By Region

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa