What is Twin Bore Nasal Oxygen Set?
Twin Bore Nasal Oxygen Set is aimed to deliver an equal volume of oxygen directly through nostrils to the patient. The twin-bore nasal oxygen set is made from soft, non-toxic, medical-grade PVC to ensure long term use along with two extra soft nasal points fits accurately into the nostrils. Twin prong nasal oxygen set has soft tips to confirm the equal distribution of oxygen through both air passages which delivers maximum patient comfort. It is used to deliver when a low flow, low or medium concentration is required, and the patient is in a stable state.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Westmed, Inc. (United States), Medtronic PLC (Ireland), Sorin Group (Germany), Terumo Corporation (Japan), Flexicare Medical Ltd. (United Kingdom), medin Medical Innovations GmbH (Germany), Fisher and Paykel Healthcare Ltd. (New Zealand), Salter Labs (United States), Smiths Medical, Inc. (United States), Vapotherm Inc. (United States), Global Medikit Limited (India) and Teleflex (United States) |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Supplemental Oxygen and Nasal High-flow Therapy) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Twin Bore Nasal Oxygen Set market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Twin Bore Nasal Oxygen Set market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Westmed, Inc. (United States), Medtronic PLC (Ireland), Sorin Group (Germany), Terumo Corporation (Japan), Flexicare Medical Ltd. (United Kingdom), medin Medical Innovations GmbH (Germany), Fisher and Paykel Healthcare Ltd. (New Zealand), Salter Labs (United States), Smiths Medical, Inc. (United States), Vapotherm Inc. (United States), Global Medikit Limited (India) and Teleflex (United States).
Market Overview:
On 6th August 2021, Medtronic plc, the global leader in medical technology, announced that it has entered into a definitive agreement with Intersect ENT, a global ear, nose, and throat (ENT) medical technology leader dedicated to transforming patient care, in which Medtronic will acquire all outstanding shares of Intersect ENT for USD 28.25 per share in an all-cash transaction implying a USD 1.1 billion enterprise value. Both companies' boards of directors have unanimously approved the transaction.
The WHO-UNICEF Technical specifications and guidance for oxygen therapy devices publication has been developed by the United Nations Children’s Fund (UNICEF) in collaboration with the World Health Organization (WHO) to help increase access to and utilization of life-saving oxygen therapy systems in low-resource settings.
Market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects. Twin Bore Nasal Oxygen Westmed, Inc. (United States), Medtronic PLC (Ireland), Sorin Group (Germany), Terumo Corporation (Japan), Flexicare Medical Ltd. (United Kingdom), medin Medical Innovations GmbH (Germany), Fisher and Paykel Healthcare Ltd. (New Zealand), Salter Labs (United States), Smiths Group (United Kingdom), Smiths Group (United Kingdom), Smiths Group (United Kingdom). Furthermore, the report is a compilation of both qualitative and quantitative assessments by industry experts as well as value chain participants. The Twin Bore Nasal Oxygen Set report also focuses on the most recent developments that have the potential to improve the performance of various market segments within the Twin Bore Nasal Oxygen Set vertical.
Market Trend
Growing Awareness among People about Personal Health and Hygiene and Increase in the Distribution Channels
Restraints
- Fluctuations in the Raw Material Prices Such as Plastic
Opportunities
Growing Healthcare Industry Worldwide, Rise in the E-commerce Industry and Increased Government Funding for Healthcare Industry
Key highlights of the Global Twin Bore Nasal Oxygen Set market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Twin Bore Nasal Oxygen Set market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Twin Bore Nasal Oxygen Set market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Twin Bore Nasal Oxygen Set Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Twin Bore Nasal Oxygen Set market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Twin Bore Nasal Oxygen Set market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Twin Bore Nasal Oxygen Set, Suppliers of Twin Bore Nasal Oxygen Set, Wholesalers, Distributors and Retailers of Twin Bore Nasal Oxygen Set, Healthcare Industry, Regulatory Bodies and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.