The high flow nasal cannula global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
High flow nasal cannula Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
high flow nasal cannula market size has grown rapidly in recent years.
It will grow from $5.03 billion in 2023 to $5.61 billion in 2024 at a
compound annual growth rate (CAGR) of 11.6%. The growth in the historic
period can be attributed to rising disposable income, changing lifestyle
trends, globalization and trade, home renovation and construction
activities, e-commerce growth.
The high flow nasal cannula market size is expected to see rapid growth in the next few years. It will grow to $8.23 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to sustainable and eco-friendly products, changing demographics, smart textiles integration, interior design trends, health and wellness textiles. Major trends in the forecast period include smart home integration, sustainable materials and practices, customization and personalization, innovative textile technologies, digital retail experiences.
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Scope Of High flow nasal cannula Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
High flow nasal cannula Market Overview
Market Drivers -
The
rise in asthma and COPD incidence is expected to propel the growth of
the high-flow nasal cannula market going forward. Asthma is a disorder
in which the airways in the lungs constrict and swell, and excess mucus
is produced. COPD, or chronic obstructive pulmonary disease, refers to a
set of lung illnesses that make breathing difficult and worsen over
time. High-flow nasal cannula has the potential to increase PO2 while
minimizing HR and RR and acts as a viable treatment option for
individuals suffering from severe bronchial Asthma worsened by
respiratory failure. For instance, in April 2023, according to Asthma +
Lung UK, a UK-based non-profit organization defending the freedom to
breathe, between 2021 and 2022, hospital admissions for children with
Asthma surged by 149 percent in England and Wales. Overall, 19,506
children were hospitalised with asthma symptoms between 2020 and 2021,
compared with 7,850 between 2020 and 2021. Therefore, the rise in Asthma
and COPD incidence is driving the high-flow nasal cannula market.
Market Trends -
Major
companies operating in the high-flow nasal cannula market are focusing
on advanced products like the SoftFlow High-Flow Nasal Cannula to
provide their existing consumers. The softFlow High-Flow Nasal Cannula
is a breathing assistance device that uses a nasal cannula to give warm,
humidified, oxygen-enriched oxygen to patients. For instance, in
February 2021, Masimo Corporation, a US-based manufacturer of medical
technology, launched the SoftFlow High-Flow Nasal Cannula Therapy. The
innovative integrated airflow generator of the soft flow technology and
water reservoir attachment enable continued HFNC treatment of recovering
COVID-19 patients in the home and other care settings, eliminating the
need for a separate source. The technology, which is offered on the
softFlow 50, provides high-flow respiratory assistance to adult patients
via a soft nasal cannula by delivering a steady high flow of
humidified, warm air or an air/oxygen combination. Additionally,
SoftFlow delivers continuous airflow through the nostrils, enabling
patients to continue eating, drinking, and speaking, which is
challenging with mask-based types of respiratory support.
The high flow nasal cannula market covered in this report is segmented –
1) By Type: Air Or Oxygen Blenders, Nasal Cannulas, Active Humidifier, Single Heated Tube, Other Types
2)
By Application: Acute Respiratory Failure, Chronic Obstructive
Pulmonary Disease (COPD), Carbon Monoxide Toxicity, Bronchiectasis,
Sleep Apnea, Other Applications
3) By Sales Channel: Direct Channel, Distribution Channel
4) By End-User: Hospitals and clinics, Ambulatory care centers, Long-term care centers, Other End-Users
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Regional Insights -
North
America was the largest region in the high flow nasal cannula market in
2023. The regions covered in the high flow nasal cannula market report
are Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies
operating in the high flow nasal cannula market report are Air Liquide
Medical Systems Pvt. Ltd., Becton Dickinson and Company, Koninklijke
Philips N.V., Teijin Pharma Limited, ResMed Inc., Drägerwerk AG &
Co. KGaA, Teleflex Incorporated, Masimo Corporation, Medical Dynamics
Inc., Fisher & Paykel Healthcare Corporation Limited, Smiths Medical
Inc., Vyaire Medical Inc., DeVilbiss Healthcare LLC, Armstrong Medical
Ltd, Vapotherm Inc., SunMed LLC, Medin Medical Innovations GmbH,
Sterimed Group, MEK-ICS Co. Ltd., Narang Medical Limited, Breas Medical
AB, Bio-Med Devices Inc., Flexicare Medical Ltd., Fairmont Medical
Products Pty Ltd, Besmed Health Business Corp., Löwenstein GmbH &
Co. KG, Great Group Medical Co. Ltd., TNI Medical AG, Guangdong Pigeon
Medical Apparatus Co.LTD, BLS Systems Limited
Table of Contents
1. Executive Summary
2. High flow nasal cannula Market Report Structure
3. High flow nasal cannula Market Trends And Strategies
4. High flow nasal cannula Market – Macro Economic Scenario
5. High flow nasal cannula Market Size And Growth
…..
27. High flow nasal cannula Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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