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.

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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: https://www.technavio.com/report/nasal-cannula-market-industry-analysis

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.

Get Actionable Insights on each Contributing Segments. Download Free Sample Report: https://www.technavio.com/talk-to-us?report=IRTNTR45424

Market Drivers
Market Challenges
Market Trends
Vendor Landscape

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

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SOURCE Technavio