Global Industry News

Latest Trends and Developments Across All the Industries

High-flow Nasal Cannula Market Sales Revenue To Significantly Increase In Next Few Years

The high-flow nasal cannula market refers to the global market for devices that deliver heated and humidified air and oxygen to patients through nasal prongs or cannulas. These devices are primarily used to treat respiratory conditions such as chronic obstructive pulmonary disease (COPD), bronchitis, and pneumonia, as well as in critical care settings for patients with acute respiratory distress syndrome (ARDS) and other respiratory failure. The high-flow nasal cannula market is expected to grow significantly in the coming years due to the increasing prevalence of respiratory diseases and the growing demand for non-invasive respiratory support devices. Additionally, technological advancements in the devices, such as the development of wireless connectivity and improved sensors, are also expected to drive market growth.

The market is segmented based on product type, application, end-user, and region. Based on product type, the market is divided into cannulas, humidifiers, and nasal masks. By application, the market is segmented into respiratory failure, bronchiectasis, pneumonia, COPD, and others. Based on end-user, the market is segmented into hospitals, home care settings, and ambulatory care centers. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Download Free Sample Copy of this Report –

Key Segments of High-Flow Nasal Cannula Industry Research

  • By Component :
    • Air/Oxygen Blenders
    • Air Humidifiers
    • Single Heated Tubes
    • Nasal Cannulas
    • Others
  • By Application :
    • Acute Respiratory Failure
    • Chronic Obstructive Pulmonary Disease (COPD)
    • Carbon Monoxide Toxicity
    • Bronchiectasis
    • Sleep Apnea
    • Others
  • By End User :
    • Hospitals
    • Long-term Care Centers
    • Ambulatory Care Centers
    • Others
  • By Region :
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Key Takeaways:

  • North America is likely to hold a 50% share in the global high-flow nasal cannula market from 2023 to 2033.
  • Japan market is slated to accelerate at an impressive 11% CAGR in the global market from 2023 to 2033.
  • Germany is likely to dominate the Europe high-flow nasal cannula market.
  • By component, nasal cannulas is set to account for 60% shares in the global market between 2023 and 2033.
  • Based on application, acute respiratory failure is poised to generate significant revenue.

Growth Drivers:

  • The use of high-flow nasal cannulas to treat hypoxemic and hypercapnic respiratory failure is likely to increase demand.
  • Increasing prevalence of sleep apnea should fuel the need for high-flow nasal cannulas.
  • Increasing investments in research & development initiatives for the development of technological advancements is set to spur market expansion.

Key Companies Profiled

  • Hamilton Medical
  • ResMed Inc.
  • TNI Medical AG
  • Teleflex
  • Salter Labs Inc.
  • Vapotherm Inc.
  • Smiths Medical, Inc.

Competitive Landscape:

Participants in the high flow nasal cannula market are diversifying their product lines to gain a competitive edge. To ensure they don’t miss a step in gaining market visibility, they are also pursuing inorganic expansion.

For example,

  • A high flow nasal cannula (HFNC) was introduced in February 2022 by BUZUD, a well-known manufacturer of medical devices based in Singapore.
  • Masimo created softFlow®, a cutting-edge pulmonary care therapy, in February 2021. High-flow, heated, and humidified respiratory gases are delivered through the nose.

Leave a Reply

Your email address will not be published. Required fields are marked *