Rising incidence of respiratory diseases, technological advancements in high-flow nasal cannulas, and growing demand for home care are some of the major factors driving the growth of the global high-flow nasal cannulas market.
NEWARK, Del., April 26, 2022 /PRNewswire/ — The World High Flow Nasal Cannulas Market should reach US$7.37 billion in 2022, at a CAGR of 11.6% to reach $17.7 billion by 2030. Sales of high-flow nasal cannulas currently account for 35.3% of the global respiratory care device market. Rising cases of respiratory diseases, along with technological improvements in high-flow nasal cannula systems, are driving the expansion of the market.
There has been a noticeable increase in respiratory disorders in recent years. According to the 2017 GBD (Global Burden of Diseases) study, pneumoconiosis and COPD cases increased by 81.1% and 49.8% respectively from 1990 to 2017, and the number is expected to grow exponentially over the period. forecast.
Additionally, research indicates that high-flow nasal cannula oxygenation is proving to be an effective mode of treatment for current Covid-19 caused by acute respiratory failure by noninvasive positive pressure ventilation (NIPPV). As such, the global high-flow nasal cannula market is expected to see both short-term and long-term traction.
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Key Takeaways from the High Flow Nasal Cannulas Market Research
Home Care Facilities Hold Largest Market Share in 2020 Due to Covid-19 Outbreak
Sales through e-commerce channels spike, with end users showing strong preference for contactless delivery
Single-use high-flow nasal cannulas to replace reusable nasal cannulas over the forecast period due to growing awareness of cross-contamination
High Flow Nasal Cannulas Market: Competitive Landscape
Players in the High Flow Nasal Cannulas market are in expansion mode regarding their portfolio to gain a competitive advantage over each other. They also get into the inorganic growth mode to spare no effort regarding their market presence.
For example –
– Hamilton Medical AG, in February 2019, has trademarked “Nuflow Single-Use Nasal Cannulas” to facilitate high-flow oxygen therapy for neonates. These cannulas could be found in 4 different sizes including a pair of fixing patches and an adapter
– Teijin is privileged to launch the first oxygen concentrator for Japan; i.e. “Mildsanso”. When it comes to cardiovascular disease, Teijin’s Continuous Positive Airway Pressure (CPAP) devices hold more than 40% of the global CPAP market. Japan.
– Salter Laboratories have 15 LPM cannulas when there is more oxygen demand. ALOFT cannulas are designed for extra comfort, especially for the geriatric population
– OmniOx from MEK-ICS Co., Ltd. Enables the delivery of optimal humidification and has an adjustable FiO2 with 21~100%
Smiths Medical has its Pediatric Split CO2/O2 Nasal Cannula, Adult Oral/Nasal CO2, Pediatric O2 Nasal Cannula under its CO2 Sampling Line
In November 2017Teijin Pharma and SRETT have agreed on an exclusive distribution agreement everywhere Japan for “TeleOx”. This device monitors respiratory functions in oxygen therapy. It is designed by SRETT
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Profiled Key Companies
Key segments of the High Flow Nasal Cannulas industry survey
High Flow Nasal Cannulas Market By Component:
High Flow Nasal Cannulas Market by Medical Application:
High Flow Nasal Cannulas Market by End User:
Long-term care centers
Ambulatory care centers
Home care settings
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