October 20, 2021

High Flow Nasal Cannula Market Forecasted to Reach Value of Around US$ 15,926.4 Mn by 2030

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According to Precedence Research, the global high flow nasal cannula market was estimated at US$ 5,431.5 million in 2020 and is projected to reach US$ 15,926.4 million by 2030, registering a CAGR of 11.3% from 2021 to 2030. The report contains 150+ pages with detailed analysis.

The report provides the overall revenue of the global high flow nasal cannula market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year. The study includes drivers and restraints of this global market. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global high flow nasal cannula market for the period from 2017 to 2030.

Crucial Factors Accountable for Market Growth Are:

  • Growing incidences of asthma and COPD across the globe
  • Low cost of high-flow nasal cannula compared to low-flow oxygen delivery systems
  • Growing geriatric population
  • Launch of advanced products by key operating players in the target industry
High Flow Nasal Cannula Market Size 2017-2030

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Scope of the Study

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Report Highlights Details
Market Size USD 15,926.4 Billion by 2030
Growth Rate CAGR of 11.3% from 2021 to 2030
Base Year 2020
Forecast Period 2021 to 2030
Historic Data 2017 to 2020
Segments Covered Product, Application, End-User, Sales Channel, Region
Companies Mentioned Armstrong Medical Ltd, Salter Labs Inc, ResMed, Inc., Teleflex Inc, Vapotherm Inc., Becton Dickinson, and Company, Smiths Medical, Flexicare Medical Ltd, Teijin Pharma Limited

COVID-19 Impact on Global High Flow Nasal Cannula Market

Outbreak of COVID-19 has affected most of industries operating across the globe, however COVID-19 is projected to have positive impact on the target market as the use of high flow nasal cannula is finding special significance. The outbreak of COVID-19 has forced the key operating players to launch innovative products. The centers for disease control and prevention have acknowledged oxygenation therapy by high flow nasal cannula as ideal and recommended for the treatment of COVID-19.

High Flow Nasal Cannula Market Key Takeaways

  • North America and Europe shall capture half of the High Flow Nasal Cannula Market
  • E-commerce to be the most widely used channel for High Flow Nasal Cannula device delivery due to preference for contactless transactions
  • Homecare settings to extensively use High Flow Nasal Cannula treatment devices
  • Infant bronchitis and pneumocephalus to generate fertile ground for High Flow Nasal Cannula treatment during 2021-2030
  • Single-use nasal cannulas gain traction during the COVID-19 crisis

High Flow Nasal Cannula Market  Key Trends

  • Continuous product launches to flood the global High Flow Nasal Cannula Market as vendors look to acquire a competitive edge over their rivals
  • Smooth oxygen delivery of heated, humidified oxygen at a flow rate of 60 liters per minute makes High Flow Nasal Cannula an ideal treatment method for respiratory patients
  • Partnerships and collaborations with research institutions and hospitals are increasing in order to provide treatment for severely affected COVID-19 patients

High Flow Nasal Cannula Market Regional Analysis

  • Single-use High Flow Nasal Cannula devices are gaining traction across the German, Japanese and English markets respectively
  • The United States market shall expand at over 10.3% CAGR by 2020-end
  • Growing healthcare literacy amongst the population shall propel High Flow Nasal Cannula usage in India and China
  • Japan dominates the East-Asian high flow nasal cannula market

Leading competitors contending in the global high flow nasal cannula market are as follows:

  • Armstrong Medical Ltd
  • Salter Labs Inc
  • ResMed, Inc.
  • Teleflex Inc
  • Vapotherm Inc.
  • Becton Dickinson, and Company
  • Smiths Medical
  • Flexicare Medical Ltd
  • Teijin Pharma Limited
  • TNI Medical AG
  • Fisher & Paykel Healthcare Limited
  • Hamilton Medical AG

Key Market Developments:

  • In May 2017, Fisher & Paykel Healthcare Corporation Ltd.launched new infant cannula range F&P Optiflow Junior 2 used for nasal high flow therapy.
  • In October 2016, Fisher & Paykel Healthcare announced new research on the benefits of its Optiflow nasal high flow therapy.

Major Market Segments Covered:

By Product Type

  • Single heated tube
  • Nasal cannula
  • Active humidifier
  • Air blender

By Application

  • Acute Respiratory Failure
  • Chronic Obstructive Pulmonary Disease
  • Acute Heart Failure
  • Others

By End-user

  • Hospitals and clinics
  • Ambulatory care centers
  • Long-term care centers
  • Others

By Sales Channel

  • Direct Channel
  • Distribution Channel

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Why should you invest in this report?

If you are aiming to enter the global high flow nasal cannula market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for high flow nasal cannula are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1.    Introduction

1.1.    Research Objective
1.2.    Scope of the Study
1.3.    Definition

Chapter 2.    Research Methodology

2.1.    Research Approach
2.2.    Data Product Types
2.3.    Assumptions& Limitations

Chapter 3.    Executive Summary

3.1.    Market Snapshot

Chapter 4.    High Flow Nasal Cannula Market Variables and Scope 

4.1.    Introduction
4.2.    Market Classification and Scope

Chapter 5.    COVID 19 Impact on High Flow Nasal Cannula Market

5.1.    Covid-19: High Flow Nasal Cannula Industry Impact
5.2.    High Flow Nasal Cannula Business Impact Assessment: Covid-19
5.2.1.    Services Challenges/Disruption
5.2.2.    Market Trends and High Flow Nasal Cannula Opportunities in the COVID-19 Landscape for Major Markets
5.3.    Strategic Measures against Covid-19
5.3.1.    Government Support and Initiative to Combat Covid-19
5.3.2.    Proposal for High Flow Nasal Cannula Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6.    High Flow Nasal Cannula Market Dynamics Analysis and Trends

6.1.    Market Dynamics
6.1.1.    Market Drivers
6.1.1.1.    Ever-increasing number of respiratory disorders
6.1.1.2.    Low cost of high-flow nasal cannula compared to low-flow oxygen delivery systems
6.1.2.    Market Restraints
6.1.2.1.    Low rate of adoption of modern healthcare applications in developing countries
6.1.3.    Market Opportunities
6.1.3.1.    Increasing popularity and uptake of heated humidified high-flow nasal cannulas

Chapter 7.    Global High Flow Nasal Cannula Market: Competitive Landscape

7.1.1.    Company Market Share/Positioning Analysis
7.1.1.1.    High Flow Nasal Cannula Market Revenue by Market Players (2017 – 2020)
7.1.1.2.    High Flow Nasal Cannula Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2.    Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1.    Product Portfolio, Expansion, Geographic Expansion, Product Innovation
7.1.2.2.    Merger and Acquisition, Collaboration and Partnerships
7.1.3.    Market Players Landscape
7.1.3.1.    List of Suppliers
7.1.3.2.    List of End user

Continued…

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