High-flow Nasal Cannula Market is Estimated to Reach USD 47.13 Billion By 2030: Cognitive Market Research

Global High-flow Nasal Cannula Market Overview:
- A high-flow nasal cannula (HFNC) is a new technology that delivers a high flow of warm, humidified gas. HFNC is easier to use and apply than non-invasive ventilation (NIV) and appears to be a good alternative treatment for hypoxic acute respiratory failure. It is a type of nasal cannula that provides a high flow rate of heated and humidified oxygen at a flow rate of up to 60 liters per minute.

Summary:
• Global High-flow Nasal Cannula Market Size Was Valued at USD 19.69 Billion In 2023 And Is Expected to Grow at a CAGR Of 11.53 % During the Forecast Period, Reaching USD 47.13 Billion By 2030 - Exclusive Report by Cognitive Market Research
• Increasing incidences of chronic obstructive pulmonary diseases (COPD) coupled with the rise in demand for oxygen therapy for hypoxic patients is the major driving factor for the growth of the high-flow nasal cannula market.
• North America is accounted for the largest share of the high-flow nasal cannula market.

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Market Dynamics:
- Increasing incidences of chronic obstructive pulmonary diseases (COPD) coupled with the rise in demand for high-flow oxygen therapy for hypoxic patients is the main driving factor contributing to the growth of the global high-flow nasal cannula market during the forecast period. For example, in 2020, around 12.98 million people, or 5.0% of adults, reported a diagnosis of COPD (chronic obstructive pulmonary disease. Additionally, increasing demand for respiratory treatment in neonates, infants, children, and adults is another factor that boosts market growth during the forecast period.
However, these devices may limit the efficacy and tolerance of oxygen delivery which may obstruct the growth of the global high-flow nasal cannula market in near future. Further, the high-flow nasal cannula is an emerging option for respiratory failure and is expected to create lucrative opportunities for the high-flow nasal cannula market during the forecast period.

Market Segmentation:
- Component
• Air/Oxygen Blenders
• Air Humidifiers
• Single Heated Tubes
• Nasal Cannulas
• Others
The single-heated tube segment is expected to grow at a significant CAGR during the forecast period
The single-heated tube segment is expected to grow at a significant CAGR during the forecast period, as it is widely used in hospitals to provide respiratory support to patients with conditions such as acute respiratory disorders. A single heated tube is a type of medical device used to provide heated and humidified air to patients. It is typically used in conjunction with a mechanical ventilator or a high-flow nasal cannula system.

- Application
• Acute Respiratory Failure
• Chronic Obstructive Pulmonary Disease (COPD)
• Carbon Monoxide Toxicity
• Bronchiectasis
• Sleep Apnea
• Others
Chronic Obstructive Pulmonary Disease (COPD) dominated the application segment in 2022
Chronic Obstructive Pulmonary Disease (COPD) held a major share owing to the increasing demand for the respiratory support system that provides a high flow of oxygen through a nasal cannula. HFNC therapy is used in the management of respiratory failure, including acute exacerbations of COPD.

- End User
• Hospitals
• Long-term Care Centers
• Ambulatory Care Centers
• Others
Based on application, hospitals acquired a major share in 2022
Hospitals acquired a major share in 2022 owing to the high-flow nasal cannula (HFNC) therapy is a respiratory support system that is commonly used in hospitals to treat patients with respiratory distress, including those with pneumonia, and acute respiratory failure.

- Competitive Analysis for High-flow Nasal Cannula Market: FisherandPaykel Healthcare, ResMed, Teijin Pharma, Becton, Dickinson, MEK-ICS, Teleflex, Smiths Medical, Vapotherm, Flexicare Medical, Salter Labs, Hamilton Medical, TNI Medical, Great Group Medical

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North America dominated the high-flow nasal cannula market during the forecast period.
- North America accounted for relatively the largest share of the high-flow nasal cannula market throughout the forecast period. The growth of the market is significantly growing in the region due to the rising rate of respiratory disorders and the presence of major industry players. In the U.S., the high-flow nasal cannula is significantly used in hospitals and emergency departments to treat patients with conditions such as acute respiratory distress syndrome (ARDS), pneumonia, and chronic obstructive pulmonary disease (COPD).

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global High-Flow Nasal Cannula Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 High-Flow Nasal Cannula Market Segmentation
1.5.1 High-Flow Nasal Cannula Market Regional Fragmentation
1.5.1 High-Flow Nasal Cannula Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of High-Flow Nasal Cannula Market
• 3.1 Global High-Flow Nasal Cannula Market Size 2018 - 2030, (USD Million)
• 3.2 Global High-Flow Nasal Cannula Market Statistics 2022: Snapshot
Chapter 4 Global High-Flow Nasal Cannula Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global High-Flow Nasal Cannula Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global High-Flow Nasal Cannula Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global High-Flow Nasal Cannula Market Regional Analysis
Chapter 11 North America High-Flow Nasal Cannula Market Outlook (2018 - 2030)
Chapter 12 Europe High-Flow Nasal Cannula Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific High-Flow Nasal Cannula Market Outlook (2018 - 2030)
Chapter 14 Latin America High-Flow Nasal Cannula Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa High-Flow Nasal Cannula Market Outlook (2018 - 2030)
Chapter 16 Research Findings
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