High-flow Nasal Cannula Market | Global Growing Industry Projected to Touch US $9.08 Billion by 2025

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “High-Flow Nasal Cannula Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

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Some of the prominent participants in the global high-flow nasal cannula market are Fisher & Paykel Healthcare Limited, ResMed, Inc., Teijin Pharma Limited, Becton, Dickinson and Company, MEK-ICS CO., LTD., Teleflex Incorporated, Smiths Medical, Vapotherm, Inc., Flexicare Medical Limited, Salter Labs, Hamilton Medical, TNI medical AG, and Great Group Medical Co., Ltd. Of them, Fisher & Paykel Healthcare Limited emerged as the market leader in 2016.

As per a study by Transparency Market Research, the global high-flow nasal cannula market will expand at a steady pace in the upcoming years. The report estimates that the market was worth US$3.42 bn 2016. Rising at a solid CAGR of 11.8% during the period between 2017 and 2025, the market will likely attain a value of US$9.08 bn by 2025, it predicts.

The global high-flow nasal cannula market can be divided on the basis of components into air/oxygen blender, nasal cannulas, active humidifier, single heated tube, and other consumables. The segment of active humidifier, among them, accounted for a leading share in the market in 2016. In the next couple of years too, active humidifiers are predicted to hold on to their leading shares because of continued innovations in humidifiers by manufacturers and health care solution providers in order to up their efficacy.

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Geographically, the key segments of the global high-flow nasal cannula market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among them, North America accounts for maximum market share market owing to a growing patient base suffering from respiratory diseases. Apart from that, lower prices, awareness and helpful healthcare and reimbursement policies are also benefitting the market majorly. By registering an 11.2% CAGR between 2017 and 2025, the market in the region is predicted to grow its dominant share further. The TMR report expects the market to rake in a revenue of US$3.91 bn by 2025.

The global market for high-flow nasal cannula is being fuelled majorly by the rising instances of respiratory disorders and surging popularity of heated humidified high-flow nasal cannulas. Another factor proving beneficial to the market is the investments in research and development programs by companies to come up with better products leveraging more sophisticated technologies. This enables them to add to their product portfolio and steal a march over their competitors.

In order to gain a foothold in the global high-flow nasal cannula market, local players are focusing on cost-effective products. “In addition, easy application and tolerability in neonates and pediatric patients has boosted the adoption of high-flow nasal cannula system in the recent years. Moreover, successful evaluation of such system in pediatric patients with different etiologies of respiratory diseases, quality improvement and superior clinical outcomes for the treatment of patients in surgical and medical units are driving the growth of high-flow nasal cannula market,” explains the lead analyst of the TMR report.

This review is based on the findings of a PMR report, titled, “High-flow Nasal Cannula Market ( Component - Air/Oxygen Blender, Active Humidifier, Single Heated Tube, and Nasal Cannulas; Application - Acute Respiratory Failure, Chronic Obstructive Pulmonary Disease (COPD), Acute Heart Failure, Carbon Monoxide Toxicity, Sleep Apnea, and Bronchiectasis; End User - Hospitals, Long-term Care Centers, and Ambulatory Care Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

The Global High-flow Nasal Cannula Market is segmented as below:

Global High-flow Nasal Cannula Market, by Component

Air/Oxygen Blender
Active Humidifier
Single Heated Tube
Nasal Cannulas
Other Consumables

Global High-flow Nasal Cannula Market, by Application

Acute Respiratory Failure
Chronic Obstructive Pulmonary Disease (COPD)
Acute Heart Failure
Carbon Monoxide Toxicity
Sleep Apnea
Bronchiectasis
Other Applications

Global High-flow Nasal Cannula Market, by End User

Long-term Care Centers
Ambulatory Care Centers
Other End-users

Global High-flow Nasal Cannula Market, by Geography

North America
US
Canada
Europe
Germany
U.K.
Russia
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
India
China
Australia & New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC countries
South Africa
Rest of Middle East & Africa

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