Global High-flow Nasal Cannula Market is anticipated to rise at a value CAGR of 11.45% over 2019-2028. According to a study published by Insure Insights on the Global High-flow Nasal Cannula Market. The high-flow nasal cannula (HFNC) is therapy; it consists of an oxygen supply system that is capable of delivering up to 100% humidified and heated oxygen at a flow rate of up to 60 liters per minute. It is especially given to patients who have difficulty in breathing like Asthma and COPD patients. The rise in the geriatric population and air pollution has escalated the market growth

Top Driver: The prevalence of Respiratory disorder like COPD and Asthma have driven the market

The surge in the number of cases of Asthma and COPD have driven the market. WHO in the year 2020 had reported that more than 339 million people are living with asthma. The rise in healthcare expenditure and lifestyle habits like smoking have driven the market. The outbreak of COVID-19 has further accelerated the market revenue

Active humidifier has dominated growth in the Global High-flow Nasal Cannula Market

Based on the Component, Active humidifier segment have obtained the highest growth in the market and is expected to grow at a higher rate in the forecast period. The growth is due to the ongoing innovations in humidifiers by manufacturers and rise in the preference of Active humidifier by the health care professionals due to its efficacy has further raised the demand for, Active humidifier and have improved the market growth

  In terms of the Application, acute respiratory failure segment has obtained the most remarkable growth owing to the surge in the incidences of acute respiratory failure in newborns, children, and adults. The rise in the cases of COPD has also obtained a noteworthy growth in the market, In terms of the End user, Hospitals segment have held the most remarkable growth in the market owing to advanced technologies in the hospitals and better patient care

Growing incidence of respiratory disorders benefits the North American Market

The rise in the incidence of respiratory disorders like asthma, COPD, etc., have positively influenced the market growth, Lifestyle habits like smoking and low prices associated with the use of the nasal cannula have driven the market growth. Advanced medical Infrastructure and favorable reimbursement policies have enhanced the regional market revenue. The increase in the demand for High-flow Nasal Cannula than non-invasive ventilation has further accelerated regional growth.

Product launches, New innovations, Strategic Collaborations, Mergers, and Acquisition, are the major strategies of the competitors

The Players of the Global High-flow Nasal Cannula Market is fragmented. Product launches, Product launches, New innovations, Collaborations, Mergers, and Acquisition, are strategies used by the competitors   The key competitors of the Global High-flow Nasal Cannula Market are Teijin Pharma Limited, Fisher & Paykel Healthcare Limited, TNI Medical AG, MEK-ICS CO., Ltd., Flexicare Medical Limited, Vapotherm, Teleflex Incorporated, ResMed, Inc., Salter Labs and Hamilton Medical.

Fisher & Paykel Healthcare Limited: Fisher & Paykel Healthcare Limited, is one of the key competitors of the Global High-flow Nasal Cannula Market; for instance, In May 2017, Fisher & Paykel had announced the launch of F&P Optiflow Junior 2, it is a nasal cannula specially designed for neonates, infants and children undergoing nasal high flow therapy. It is inbuilt with an innovative new Waveflex technology, that allows the cannula to flex with facial movement while delivering therapy, it helps in keeping the nasal prongs securely in place during treatment.

Salter Labs:  Salter Labs is a popular competitor in the Global High-flow Nasal Cannula Market. In August 2017, Salter Labs had announced the acquisition of InnoMed Technologies, Parker Medical, and IntuBrite., these are medical device companies. The acquisition was made by Salter Labs to expand its product portfolio with medical devices.

 Scope of the Report

By Component

• Air Oxygen Blender
• Heated Inspiratory Circuit
• Active Humidifier

By Application

• Asthma
• Acute Respiratory Failure
• Acute Heart Failure
• Chronic Obstructive Pulmonary Disease (COPD)

By End User

• Hospitals
• Ambulatory Care Centers
• Others

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.