According to The Insight Partners market research study of ‘High-flow nasal cannula to 2027-Global Analysis and Forecasts by Component, Application and End User.’ The global High-flow nasal cannula market is anticipated to reach US$ 11,198.78 Mn in 2027 from US$ 4,390.74 Mn in 2018. The market is anticipated to grow with a CAGR of 11.1% from 2019-2027. The report provides trends prevailing in the global high-flow nasal cannula market and the factors driving market along with those that act as hindrances.
High flow nasal cannula (HFNC) is 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. HFNC has been gaining attention as alternative respiratory support for critically ill patients. HFNC is used for the treatment of respiratory conditions such as asthma and COPD, however useful for treating hypercapnic respiratory failure and mild to moderate hypoxemic respiratory failure can be done using high flow nasal cannula. The growth of the High Flow Nasal Cannula in healthcare market is attributed to the rising incidences if asthma and COPD across the globe and rising geriatric population. However, the side effects associated with the use of high-flow nasal cannula is expected to hamper the growth of the market.
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The current urinary catheter technologies involves the use of conventional silicone, rubber and other catheter products that are majorly re-usable. However, in order to combat the risk associated with the multiple use of these catheters that include bladder stones and infections can lead to harmful outcomes. Development of single use catheters that reduces risk of urological complications are expected to be used at a significant rate in the fore coming years over the traditional High-Flow Nasal Cannula. Additionally, training and education campaigns delivering appropriate knowledge and procedure for self-catheterization is also expected to increase its adoption among both males and females over the years.
The global High-Flow Nasal Cannula market is a matured market in the developing countries as well as developing economies worldwide. The market on the basis of product is segmented into Foley catheters, condom catheters and intermittent catheters. The intermittent catheters is expected to dominate the High-Flow Nasal Cannula market owing to the high efficiency and reduced risk of infections as well as affordability. On the other hand, Foley catheters and external condom catheters are expected to grow with a moderate CAGR owing to the high risk of infection and other complications associated with them.
The key players operating in the field of High-Flow Nasal Cannula worldwide include
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High Flow Nasal Cannula in Healthcare Market – by Component
Air Oxygen Blender
Heated Inspiratory Circuit
High Flow Nasal Cannula in Healthcare Market – by Application
Acute Respiratory Failure
Acute Heart Failure
Chronic Obstructive Pulmonary Disease (COPD)
High Flow Nasal Cannula in Healthcare Market – by End User
Ambulatory Care Centers
Long-Term Care Centers
Global High-Flow Nasal Cannula Market – By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
South and Central America (SCAM)
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Table of Contents:
High-Flow Nasal Cannula Market Landscape
High-Flow Nasal Cannula Market – Key Market Dynamics
High-Flow Nasal Cannula Market – Global Market Analysis
High-Flow Nasal Cannula Market – Revenue and Forecasts to 2027 – Product Type
High-Flow Nasal Cannula Market – Revenue and Forecasts to 2027 – Application
High-Flow Nasal Cannula Market – Revenue and Forecasts to 2027 – Compound
High-Flow Nasal Cannula Market Revenue and Forecasts to 2027 – Geographical Analysis
High-Flow Nasal Cannula Market, Key Company Profiles
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