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.
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
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.
About Us 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.