Nasal High-flow Oxygen Therapy System Market By Product and Service, By Application, By End User and Region: Global Industry Analysis, Share, Opportunity, Competition and Forecast 2021 to 2027
The Global Nasal High-flow Oxygen Therapy System Market Size is Projected to Reach at a CAGR of 7% during 2021-2026.
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The growing risk of community respiratory infection owing to the emergence of new or mutant viral and bacterial infections is expected to increase the demand for oxygen therapy. An unprecedented pandemic outbreak has created a huge gap between the demand and supply of a high flow nasal cannula system. The increasing number of hospital-acquired respiratory infections is expected to drive the growth of the market. In December 2019, the COVID-19 pandemic engulfed the world. This highly transmissible respiratory disease significantly spiked the demand for medical masks, gloves and other medical equipment like oxygen therapy devices. The World Health Organization (WHO) has recommended personal protective and medical equipment to contain the spread of the virus. Following the outbreak, governments across the globe increase manufacturing by 40% to meet the rising demand for medical equipment such as oxygen therapy devices
Top Leading Companies:
Fisher & Paykel Healthcare, TNI medical (Masimo), Micomme Medical, RMS Medical, Talent Medical Electronics, Vapotherm, Teleflex, Inspired Medical (Vincent Medical), Armstrong Medical, Hamilton Medical, Great Group Medical, Beyond Medical, BMC Medical, Beijing Aeonmed, Yuwell
Teleflex has acquired 27 companies, including 7 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 9 assets. Teleflex’s largest acquisition to date was in 2007 when it acquired Arrow International for $2.0B. Its largest disclosed sale occurred in 2010 when it sold Teleflex-Rigging Services Business to Houston Wire & Cable for $50M. Teleflex has acquired in 12 different US states, and 7 countries. The Company’s most targeted sectors include medical products (76%) and distribution (12%). Teleflex is a global provider of medical technology products that enhance clinical benefits, improve patient and provider safety and reduce total procedural costs. The Company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. Teleflex markets and sells its products to hospitals and healthcare providers worldwide through a combination of our direct sales force and distributors. Teleflex was founded in 1943 and is based in Wayne, Pennsylvania.
TNI medical AG is into the development, production, and sale of diagnostic and therapeutic devices in the area of breathing support for the home-care and clinic area. TNI medical was founded in 2007 and is based in Wurzburg, Germany. Masimo is a medical technology company that develops and manufactures noninvasive patient monitoring technologies, including medical devices and a wide array of sensors. Masimo was established in 1989 and is based in Irvine, California.
Nasal High-flow Oxygen Therapy System Market Segmentation by Type:
Automatic Oxygen Adjustment
Manual Oxygen Adjustment
Nasal High-flow Oxygen Therapy System Market Segmentation by Application:
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North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall market, throughout the forecast period. The market growth is due to the factors such as the presence of key players, the high prevalence of respiratory diseases in the region, and established healthcare infrastructure. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase market growth. In this region, the United States has the maximum share due to supportive healthcare policies, the high number of patients, and a developed healthcare market. According to the Centers for Disease Control and Prevention, about 9 million adults were diagnosed with chronic bronchitis, and about 3.5 million adults were diagnosed with emphysema in the year 2017 only in the United States. As per the statistics, the increasing patient pool and increasing disposable revenue in this country boost the market growth of the region.
Regional Nasal High-flow Oxygen Therapy System Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Nasal High-flow Oxygen Therapy System Market Report:
Detailed overview of Nasal High-flow Oxygen Therapy System Market
Changing the Nasal High-flow Oxygen Therapy System market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Nasal High-flow Oxygen Therapy System market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Nasal High-flow Oxygen Therapy System Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Nasal High-flow Oxygen Therapy System Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Nasal High-flow Oxygen Therapy System industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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