Global Nasal Cannula Market- Regional Analysis
Among regions, North America is estimated to hold a dominant position in the global nasal cannula market over the forecast period. North America is estimated to hold 33.5% of the market share in 2023. The global nasal cannula market is expected to witness significant growth in the near future, owing to increasing organic growth strategies such as product launches by key market players to expand their product portfolio in the North America region. For instance, in October 2021, Movair, a respiratory therapy company formerly known as International Biophysics Corporation, announced the U.S. commercial launch of Luisa, an advanced ventilator intended for use in homes, institutions, hospitals, or portable applications for both invasive and non-invasive ventilation. Luisa also provides the unique feature of switching back and forth between a high-flow nasal cannula (HFNC) and a non-invasive ventilator (NIV) with different modes with the push of a button.
Nasal Cannula Market Report Snapshots
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