Key Trends and Insights into the High flow nasal cannula Market: Growth Rate and Opportunities to 2034
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How has the High flow nasal cannula market grown over the years?
In the past few years, there has been a significant expansion in the market size of the high flow nasal cannula. Projections estimate growth from $5.61 billion in 2024 to $6.25 billion in 2025, with a compound annual growth rate (CAGR) of 11.3%. The growth witnessed during the historical period is due to factors such as an increase in disposable income, shifts in lifestyle trends, growth in globalization and trade, surge in home renovation and construction activities, and the expansion of e-commerce.
What Is the forecasted market size and growth rate for the high flow nasal cannula market?
The market size of high flow nasal cannula is predicted to witness substantial growth in the upcoming years, reaching a valuation of $8.99 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.5%. The anticipated growth during the forecast period could be due to factors such as the use of sustainable and eco-friendly products, changes in demographics, the incorporation of smart textiles, upcoming interior design trends, and health and wellness textiles. Key trends projected for the forecast period include integration into smart homes, use of sustainable materials and methodologies, customization and personalization, innovative developments in textile technology, and digital retail experiences.
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What are the major factors driving growth in the high flow nasal cannula market?
The growing instances of asthma and COPD is projected to boost the expansion of the high-flow nasal cannula market. Asthma is an ailment that involves swelling and restriction of the airways in the lungs, accompanied by excessive mucus production. Chronic obstructive pulmonary disease, or COPD, consists of lung diseases that complicate breath control and progressively intensify. High-flow nasal cannula can improve PO2 whilst controlling HR and RR, thereby offering an ideal treatment for acute bronchial Asthma worsening due to respiratory failure. For example, in April 2023, Asthma + Lung UK, a non-profit UK establishment advocating for clear breathing rights, reported a 149 percent surge in hospital admissions for asthmatic children in England and Wales. Approximately 19,506 children were admitted due to asthma symptoms, a significant increase compared to 7,850 in a prior period. So, the increasing cases of Asthma and COPD are promoting the expansion of the high-flow nasal cannula market. The surge in the elderly population is predicted to drive the high-flow nasal cannula market’s growth. The term ‘elderly population’ typically encompasses individuals who are 65 years or older. High-flow nasal cannula provides a secure and effective solution for elderly patients suffering from acute respiratory failure who don’t respond to standard oxygen therapy or tolerate NIV or CPAP and lack ICU admission qualifications. For example, in November 2022, as per the Office for National Statistics, an authority of official statistics in the UK, it was reported that 18.6% of the population in England and Wales totaling to over 11 million individuals belonged to the age group of 65 and above. Remarkably, among this group, more than half a million, around 527,900 individuals were 90 years or older. Hence, the demographic shift towards a growing older population is fueling the expansion of the high-flow nasal cannula market.
What key areas define the segmentation of the global high flow nasal cannula Market?
The high flow nasal cannula market covered in this report is segmented –
1) By Type: Air Or Oxygen Blenders, Nasal Cannulas, Active Humidifier, Single Heated Tube, Other Types
2) By Application: Acute Respiratory Failure, Chronic Obstructive Pulmonary Disease (COPD), Carbon Monoxide Toxicity, Bronchiectasis, Sleep Apnea, Other Applications
3) By Sales Channel: Direct Channel, Distribution Channel
4) By End-User: Hospitals and clinics, Ambulatory care centers, Long-term care centers, Other End-Users
Subsegments:
1) By Air or Oxygen Blenders: Manual Oxygen Blenders, Digital Oxygen Blenders
2) By Nasal Cannulas: Adult Nasal Cannulas, Pediatric Nasal Cannulas
3) By Active Humidifier: Heated Active Humidifiers, Non-Heated Active Humidifiers
4) By Single Heated Tube: Single Heated Tubes For Adult Use, Single Heated Tubes For Pediatric Use
5) By Other Types: Disposable High Flow Nasal Cannulas, Non-Invasive Ventilation (NIV) Interfaces
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What are the top market players propelling the growth of the high flow nasal cannula industry?
Major companies operating in the high flow nasal cannula market report are Air Liquide Medical Systems Pvt. Ltd., Becton Dickinson and Company, Koninklijke Philips N.V., Teijin Pharma Limited, ResMed Inc., Drägerwerk AG & Co. KGaA, Teleflex Incorporated, Masimo Corporation, Medical Dynamics Inc., Fisher & Paykel Healthcare Corporation Limited, Smiths Medical Inc., Vyaire Medical Inc., DeVilbiss Healthcare LLC, Armstrong Medical Ltd., Vapotherm Inc., SunMed LLC, Medin Medical Innovations GmbH, Sterimed Group, MEK-ICS Co. Ltd., Narang Medical Limited, Breas Medical AB, Bio-Med Devices Inc., Flexicare Medical Ltd., Fairmont Medical Products Pty Ltd., Besmed Health Business Corp., Löwenstein GmbH & Co. KG, Great Group Medical Co. Ltd., TNI Medical AG, Guangdong Pigeon Medical Apparatus Co.Ltd., BLS Systems Limited
What are the key trends shaping the future of the high flow nasal cannula market?
Top-tier organizations active in the realm of high-flow nasal cannula market are concentrating on innovative and advanced products such as the SoftFlow High-Flow Nasal Cannula to cater to their existing customer base. The SoftFlow High-Flow Nasal Cannula is a respiratory aid which employs a nasal cannula to dispense warmed, enriched oxygen in a humidified manner to patients. For instance, Fisher & Paykel Healthcare, a corporation based in New Zealand involved in the production and marketing of products and systems utilized for acute and chronic respiratory care, surgery, and treating obstructive sleep apnea, introduced the Airvo 2 device in 2024. This particular device, part of the Optiflow Nasal High Flow Therapy system, provides heated, moistened air and oxygen at lofty flow rates, assisting in better oxygenation and lightening breathing efforts for patients afflicted with COVID-19 and other respiratory issues. It maintains ideal humidity levels to preserve mucociliary function and diminish airway dryness, thus boosting patient comfort. In addition to these, the device is user-friendly making it appropriate for diverse hospital surroundings and enhancing clinical outcomes.
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What regions are dominating the high flow nasal cannula market growth?
North America was the largest region in the high flow nasal cannula market in 2024. The regions covered in the high flow nasal cannula market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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