High Flow Oxygen Cannula Market Size By Product Type (Nasal Cannulas, Nasopharyngeal Cannulas, High-flow Nasal Cannulas (HFNC), By Application (Chronic Obstructive Pulmonary Disease (COPD), Acute Respiratory Failure, Asthma, Sleep Apnea), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Settings), & Region for 2024-2031
Report ID: 216315|No. of Pages: 202
High Flow Oxygen Cannula Market Size By Product Type (Nasal Cannulas, Nasopharyngeal Cannulas, High-flow Nasal Cannulas (HFNC), By Application (Chronic Obstructive Pulmonary Disease (COPD), Acute Respiratory Failure, Asthma, Sleep Apnea), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Settings), & Region for 2024-2031
High-Flow Oxygen Cannula Market Valuation – 2024-2031
The high-flow oxygen cannula (HFNC) market is experiencing significant growth, driven by a rise in respiratory illnesses and increasing adoption of HFNC therapy. According to the analyst from Verified Market Research, the High-Flow Oxygen Cannula Market is estimated to reach a valuation of USD 18.56 Billion from 2031 forecast subjugating around USD 7.44 Billion valued in 2023. Also, the market is estimated to grow at a CAGR of 12.1% from 2024 to 2031.
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The High-Flow Oxygen Cannula Market: Definition/ Overview
A high-flow nasal cannula (HFNC) is a respiratory support system that delivers warmed and humidified oxygen through thin tubes placed in the nostrils. Unlike traditional low-flow nasal cannulas, HFNC can deliver much higher volumes of oxygen (up to 60 liters per minute) while maintaining a comfortable level of humidity.
High-flow nasal cannula (HFNC) therapy is a versatile tool for respiratory support, particularly beneficial for patients with COPD, acute respiratory failure, pneumonia, asthma flare-ups, and even congestive heart failure. It delivers warm, humidified oxygen at high volumes, improving comfort, reducing breathing effort, and delivering more oxygen compared to traditional methods. This can sometimes prevent the need for more invasive procedures like mechanical ventilation.
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What are the Factors that Surge the Demand for the High-Flow Oxygen Cannula Market?
Chronic obstructive pulmonary disease (COPD), pneumonia, and asthma are becoming more common worldwide according to the World Health Organization (WHO). WHO estimates that around 262 million people suffer from COPD, with 3 million deaths annually. Pneumonia is the single largest infectious cause of death in children under the age of 5, and asthma affects over 235 million people globally. As these respiratory illnesses increase, the need for effective respiratory support solutions like HFNC grows.
Furthermore, Medical professionals are increasingly recognizing the advantages of HFNC therapy. These benefits include improved patient comfort, reduced work of breathing for patients, and better oxygen delivery compared to traditional methods. With this growing awareness, HFNC is being adopted in a wider range of clinical settings.
What Factors Hinder the Growth of the High-Flow Oxygen Cannula Market?
Reimbursement policies for HFNC therapy vary significantly depending on the region and healthcare system. In some cases, uncertain or inadequate reimbursement rates for HFNC treatment can discourage hospitals and clinics from adopting this technology, limiting its accessibility for patients. HFNC therapy may not be categorized appropriately within existing reimbursement codes, making it difficult for healthcare providers to receive proper compensation for this treatment. Reimbursement policies may have strict criteria for patient selection or specific indications for HFNC use. This can limit the use of HFNC even when it might be beneficial for a wider range of patients.
Furthermore, operating HFNC systems effectively requires trained personnel who understand proper patient selection, monitoring techniques, and potential complications associated with HFNC therapy. A shortage of healthcare professionals with this specialized training in some regions can pose a challenge to the widespread implementation of HFNC.
Category-Wise Acumens
How Does the Increasing Demand for High-Flow Nasal Cannulas Reign Supreme Contribute the Market Growth?
According to VMR analysis, High-flow nasal cannulas (HFNC) are the dominating product type within the high-flow oxygen cannula market, surpassing traditional nasal cannulas and nasopharyngeal cannulas. HFNC provides warmed and humidified oxygen. This warm and humidified oxygen feels much gentler on the nose and throat, significantly improving patient comfort. This is especially crucial during extended periods of oxygen therapy, where the discomfort of dry oxygen can lead to dryness, irritation, and even nosebleeds. By delivering comfortable and tolerable oxygen, HFNC therapy encourages better patient cooperation and compliance with treatment regimens.
Furthermore, HFNC can deliver much higher volumes of oxygen compared to traditional nasal cannulas. This allows for better oxygenation, particularly beneficial for patients with moderate to severe respiratory distress.
How Chronic Obstructive Pulmonary Disease (COPD) Propels the Growth of the High-Flow Oxygen Cannula Market?
Chronic obstructive pulmonary disease (COPD) is expected to be the dominant application segment in the high-flow oxygen cannula market. Chronic obstructive pulmonary disease (COPD) is a major global health issue, according to the World Health Organization (WHO), affecting millions of people worldwide. This large and growing patient population creates significant demand for effective respiratory support solutions like HFNC. COPD is the third leading cause of death globally, and its prevalence is expected to rise in the coming years due to factors such as smoking, air pollution, and aging populations.
Furthermore, COPD often requires long-term oxygen therapy. HFNC offers a comfortable and efficient option for delivering supplemental oxygen over extended periods. Unlike traditional low-flow nasal cannulas that can deliver a maximum of 6 liters of oxygen per minute, HFNC systems can provide much higher flow rates, typically ranging from 20 to 60 liters per minute. This increased flow rate not only delivers more oxygen to the bloodstream but also washes away carbon dioxide re-breathing that can occur with traditional methods. This can significantly improve a COPD patient’s breathing comfort and effort, reducing the work of breathing and leading to better overall patient outcomes.
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Country/Region-wise Acumens
How does Heightened Awareness of Influence Growth in Asia Pacific?
According to VMR analysts The Asia-Pacific region is expected to dominate the high-flow oxygen cannula (HFNC) market, driven by chronic obstructive pulmonary disease (COPD), pneumonia, and asthma. Factors like air pollution, smoking prevalence, and an aging population are contributing to this growth. As the burden of these respiratory illnesses increases, the demand for effective treatment solutions like HFNC therapy rises.
Furthermore, the Asia-Pacific region has a growing elderly population. As older adults are more susceptible to respiratory problems, the demand for HFNC as a less invasive form of respiratory support for this demographic is high.
What Factors Contribute to the Potential Opportunities in North America?
North America holds a steady market share in the high-flow oxygen cannula (HFNC) market, there’s room for further growth due to North America faces an increasing burden of chronic respiratory illnesses like COPD and asthma. This growing patient population creates a demand for effective respiratory support solutions like HFNC.
Furthermore, North American manufacturers are leading the charge in HFNC innovation with features designed to improve patient experience and expand adoption. These advancements include improved comfort designs for better tolerance, integrated monitoring for enhanced care, and advanced data connectivity for remote management. By making HFNC therapy more comfortable, closely monitored, and convenient for both patients and healthcare providers, these technological leaps can significantly increase the appeal of HFNC therapy in North America.
Competitive Landscape
The High-Flow Oxygen Cannula Marketis a dynamic and moderately competitive space with a growing number of established players and emerging companies vying for market share.
Some of the prominent players operating in the High-Flow Oxygen Cannula Market include:
ResMed, Fisher & Paykel Healthcare Limited, Devatec, Teleflex Incorporated, Smiths Medical, Vapotherm, Hamilton Medical, Flexicare Medical Limited, Masimo, Great Group Medical Co Ltd.
Latest Developments
- In April 2024, ResMed announced the launch of their next-generation HFNC system, featuring an integrated touch-screen interface for enhanced user experience and improved data connectivity for remote monitoring.
- In June 2024, Devatec launched a novel humidifier design that promises improved efficiency and reduced noise levels in HFNC systems.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2031 |
| Growth Rate | CAGR of ~8.6% from 2024 to 2031 |
| Base Year for Valuation | 2023 |
| Historical Period | 2018-2022 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis. |
| Segments Covered |
|
| Regions Covered |
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| Key Players | ResMed, Fisher & Paykel Healthcare Limited, Devatec, Teleflex Incorporated, Smiths Medical, Vapotherm, Hamilton Medical, Flexicare Medical Limited, Masimo, Great Group Medical Co Ltd. |
| Customization | Report customization along with purchase available upon request |
High-Flow Oxygen Cannula Market, By Category
Product type:
- Nasal Cannulas
- Nasopharyngeal Cannulas
- High-flow Nasal Cannulas (HFNC)
Application Type:
- Chronic Obstructive Pulmonary Disease (COPD)
- Acute Respiratory Failure
- Asthma
- Sleep Apnea
End-user :
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Homecare Settings
Geography :
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Customization of the Report
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. High-Flow Oxygen Cannula Market, By Product Type
• Nasal Cannulas
• Nasopharyngeal Cannulas
• High-flow Nasal Cannulas (HFNC)
5. High-Flow Oxygen Cannula Market, By Application
• Chronic Obstructive Pulmonary Disease (COPD)
• Acute Respiratory Failure
• Asthma
• Sleep Apnea
6. High-Flow Oxygen Cannula Market, By End-User
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Homecare Settings
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• ResMed
• Fisher & Paykel Healthcare Limited
• Devatec
• Teleflex Incorporated
• Smiths Medical
• Vapotherm
• Hamilton Medical
• Flexicare Medical Limited
• Masimo
• Great Group Medical Co Ltd
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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