High-Flow Nasal Cannula Market (Covid-19) Impact and Analysis By 2027 | Great Group Medical, Salter Labs, Fisher and Paykel Healthcare Limited, TNI Medical AG, MEK-ICS Co.,Flexi Care Medical Limited, Vapotherm, Teleflex Incorporated, Resmed, Hamilton Medi

The Insight Partners analysts forecasts the latest report on “High-Flow Nasal Cannula Market (Covid-19) Impact and Analysis by 2027”, according to report; The High-Flow Nasal Cannula Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the High-Flow Nasal Cannula Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the High-Flow Nasal Cannula Market.

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The global high flow nasal cannula market is anticipated to reach US$ 11,198.78 Mn in 2027 from US$ 4,390.74 Mn in 2018. The market is anticipated to grow with a CAGR of 11.1% from 2019-2027.

Market Insights

Growing Incidences of Asthma and COPD Across the Globe

The number of cases of asthma and COPD has been growing all over the world at a substantial rate. In recent years, the number of smokers and the levels of air pollution in developed, as well as developing countries, is increasing across the globe. Asthma is a medical condition where the airways swell and narrow and also produce mucus. This further leads to wheezing, coughing, and recurrent attacks of breathlessness, which differ in severity and frequency from person to person. According to the World Health Organization estimates, there are approximately 235 million people suffering from asthma around the world. Moreover, the Centers for Disease Control and Prevention (CDC) reported, approximately 19 million adults in the United States (18 years of age or above) are currently suffering from asthma, which accounts for almost 7.7% of the total adult population. Whereas, about 6.2 million patients below 18 years of age have asthma, which accounts for 8.4% of the total children population. Also, according to the WHO estimates published during December 2016, there were around 383,000 deaths due to asthma in 2015.

Growing Geriatric Population

COPD and asthma are senescence condition, which leads to gradual complications. Asthma in older adults is a critical condition that often goes unnoticed, as per the Asthma and Allergy Foundation of America (AAFA). According to the Office of Disease Prevention and Health Promotion (ODPHP), approximately 23 million people in the U.S. have some form of asthma, most of which include the older population. Older people with asthma often need high doses of medication, in spite of mild asthma attacks. Hence, they are more likely to suffer from respiratory failure much faster as compared to the younger population. Also, COPD can appear at any age. However, it is more prevalent in the older population and can be fatal. The aging population is growing exponentially worldwide.

Component Insights

The global high flow nasal cannula market, based on component, has been segmented into air oxygen blender, nasal cannula, heated inspiratory circuit, and active humidifier. In 2018, the active humidifier segment held the largest share of the market. Moreover, the segment is also expected to register the highest CAGR in the market during the forecast period.

Some of the Major Market Players Are:

Great Group Medical Co., Ltd.
Salter Labs
TNI Medical Ag
Mek-Ics Co., Ltd.
Flexicare Medical Limited
Vapotherm
Teleflex Incorporated
Hamilton Medical
Fisher & Paykel Healthcare Limited
ResMed

Strategic Insights

Growth strategies through several organic and inorganic such as approvals, product launch, agreements, and partnerships have been witnessed in the market of High flow nasal cannula. For instance, in February 2017, Teleflex acquired Vascular Solutions. It is an innovative medical device company that develops solutions for clinicians to assist them in minimally invasive coronary and peripheral vascular procedures. The acquisition aims to enhance Teleflex’s business of interventional procedures

Global High Flow Nasal Cannula Market – By Component

• Air Oxygen Blender
• Nasal Cannula
• Heated Inspiratory Circuit
• Active Humidifier

Global High Flow Nasal Cannula Market – By Application

• Bronchiectasis
• Acute Respiratory Failure
• Acute Heart Failure
• Chronic Obstructive Pulmonary Disease (COPD)

Global High Flow Nasal Cannula Market – By End User

• Hospitals
• Ambulatory Care Centers
• Long-Term Care Centers

The report analyses factors affecting the High-Flow Nasal Cannula Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the High-Flow Nasal Cannula Market in these regions.

Moreover, the report entails the estimate and analysis for the High-Flow Nasal Cannula Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the High-Flow Nasal Cannula Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global High-Flow Nasal Cannula Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The High-Flow Nasal Cannula Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The High-Flow Nasal Cannula Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of High-Flow Nasal Cannula Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global High-Flow Nasal Cannula market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global High-Flow Nasal Cannula market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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