High Flow Oxygen Therapy Devices And Cannula Market Prognosticated To Perceive A Thriving Growth By 2021

Precision Business Insights published a research report on “High Flow Oxygen Therapy Devices and Cannula Market: By Flow Rate (1-4 (Liter/Min), 5-40 (Liter/Min), 1-60 (Liter/Min)), By Application (For CPOD Patients, For Critical Care, For Neonatal and Pediatric Patients, Others), and Geography".

Low flow oxygen therapy and high flow oxygen therapy are the two forms of oxygen therapy available. High-flow oxygen treatment (HFOT) is a type of respiratory support that is typically used in conjunction with compressed air to manage humidity. When comparing to typical oxygen treatments, the oxygen flow rate in high flow oxygen therapy is more. In addition to this, traditional cannulas, which were once the primary technology for oxygen delivery into the lungs, have been replaced by these cannulas. As per a research, asthma affects almost 355 million people globally, necessitating the use of oxygen therapy equipment to carefully stabilize and assist patients until the patient's normal strength to manage pressure and basic respiration is restored.

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The market is predicted to develop in response to the launch of improved high-flow oxygen treatment devices that provide optimum patient care. The high-flow oxygen therapy equipment is designed to reduce the work burden associated with the process. Increasing pollution creates a more hazardous atmosphere to breathe in, resulting in an increase in the number of cases of respiratory issues, which is a primary driver of the market for High Flow Oxygen Therapy Devices and Cannula. The High Flow Oxygen Therapy Devices and Cannula market is expected to grow as a result of technological improvements by major market players. Clinical trials for exploring new application areas will also open up new business opportunities. As per the Global Burden of Disease Study, COPD affected over 300 million people worldwide in 2013. This is due to escalating smoking addiction, poor air quality, and increased pollution around the world. The overall prevalence of respiratory diseases will raise market potential even more.

The Global High Flow Oxygen Therapy Devices and Cannula Market is fragmented on the basis of application and flow rate. In terms of application, the Global High Flow Oxygen Therapy Devices and Cannula Market is categorized into For Neonatal and Pediatric Patients, For CPOD Patients, For Critical Care and others. In terms of by flow rate, the Global High Flow Oxygen Therapy Devices and Cannula Market is classified into 1-4 (Liter/Min), 5-40 (Liter/Min) and 1-60 (Liter/Min)

Due to the rapidly increasing number of critical patient cases, increased research and innovation for developing new treatment therapies, and higher quality healthcare facilities, North America accounted for a larger revenue growth in the overall High Flow Oxygen Therapy Devices and Cannula market with a significant CAGR. The market's expansion in North America is also being bolstered by increasing government support and financing for research & innovation. Due to the increasing number of accidents and patient survival cases, Europe accounts for a substantial portion of the market. Because of their expanding economies, ageing populations, and technology advancements, Asia Pacific is predicted to grow strongly.

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Some of the major key players operating in high flow oxygen therapy devices and cannula market are Fisher & Paykel (New Zealand), Vapotherm (New Hampshire), Flexicare (UK), ResMed (California), Medin (New Jersey)

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