The North America high-flow nasal cannula market is expected to reach US$ 4,261.14 Mn in 2027 from US$ 1,644.50 Mn in 2018. The market is projected to grow with a CAGR of 11.3% from 2019-2027.
The growth of the market is majorly contributed by increasing government initiatives and growing asthma cases. However, adverse effects or risk of high flow nasal cannula is likely to have a negative impact on the growth of the market in the coming years.
In the US, cases of asthma and chronic obstructive pulmonary disease (COPD) are the significant public health burdens. Governments are, therefore, taking initiatives and patient-centric national guidelines for COPD that are accessible and easy to follow by healthcare professionals. For instance, with existing COPD guidelines, the American Thoracic Society (ATS) and the global initiative for Chronic Lung Disease (GOLD), creates clinical practice guidelines that set consistent national standards for identifying people at risk for COPD as well as diagnosing and treating people with COPD across the care continuum. Additionally, significant funding is provided to ensure that quality clinical research is conducted into chronic respiratory conditions, and to maintain national monitoring and surveillance measures.
In 2018, the US high-flow nasal cannula market held the largest share of the North America high-flow nasal cannula market because it has highest COPD prevalence. During the year 2013 to 2017, an estimated 2.4 million U.S. working adults aged above 18 years had COPD who never smoked. The highest COPD prevalence among non-smokers were in the information (3.3%) and mining (3.1%) industries and office and administrative support occupation workers (3.3%).
The hospital segment expected to dominate the North America high-flow nasal cannula market. Additionally, this segment is also anticipated to witness the fastest growth rate during the forecast period, 2019 to 2027. Similarly, in 2018 the active humidifier segment held the major market share among the component segments.
By Component, the active humidifier segment held a largest market share of the high-flow nasal cannula market, in 2018. The active humidifier is expected to dominate its market share in 2027 because for invasive and non-invasive ventilation, there are many players who provide this by heated circuits and systems. The active humidifier segment is also anticipated to witness the fastest growth rate during the forecast period, 2019 to 2027.
Chronic Obstructive Pulmonary Disease segment a largest market share of the high-flow nasal cannula market, by application in 2018. However, bronchiectasis segment expected to have largest market in 2027 because patients with bronchiectasis are growing consistently since 2001 and its prevalence is more in elder population.
Some of the major primary and secondary sources for drug delivery systems included in the report are the American Thoracic Society (ATS) and the global initiative for Chronic Lung Disease (GOLD), NCD Alliance, etc.
Reasons to Buy
The growth of the market is majorly contributed by increasing government initiatives and growing asthma cases. However, adverse effects or risk of high flow nasal cannula is likely to have a negative impact on the growth of the market in the coming years.
In the US, cases of asthma and chronic obstructive pulmonary disease (COPD) are the significant public health burdens. Governments are, therefore, taking initiatives and patient-centric national guidelines for COPD that are accessible and easy to follow by healthcare professionals. For instance, with existing COPD guidelines, the American Thoracic Society (ATS) and the global initiative for Chronic Lung Disease (GOLD), creates clinical practice guidelines that set consistent national standards for identifying people at risk for COPD as well as diagnosing and treating people with COPD across the care continuum. Additionally, significant funding is provided to ensure that quality clinical research is conducted into chronic respiratory conditions, and to maintain national monitoring and surveillance measures.
In 2018, the US high-flow nasal cannula market held the largest share of the North America high-flow nasal cannula market because it has highest COPD prevalence. During the year 2013 to 2017, an estimated 2.4 million U.S. working adults aged above 18 years had COPD who never smoked. The highest COPD prevalence among non-smokers were in the information (3.3%) and mining (3.1%) industries and office and administrative support occupation workers (3.3%).
The hospital segment expected to dominate the North America high-flow nasal cannula market. Additionally, this segment is also anticipated to witness the fastest growth rate during the forecast period, 2019 to 2027. Similarly, in 2018 the active humidifier segment held the major market share among the component segments.
By Component, the active humidifier segment held a largest market share of the high-flow nasal cannula market, in 2018. The active humidifier is expected to dominate its market share in 2027 because for invasive and non-invasive ventilation, there are many players who provide this by heated circuits and systems. The active humidifier segment is also anticipated to witness the fastest growth rate during the forecast period, 2019 to 2027.
Chronic Obstructive Pulmonary Disease segment a largest market share of the high-flow nasal cannula market, by application in 2018. However, bronchiectasis segment expected to have largest market in 2027 because patients with bronchiectasis are growing consistently since 2001 and its prevalence is more in elder population.
Some of the major primary and secondary sources for drug delivery systems included in the report are the American Thoracic Society (ATS) and the global initiative for Chronic Lung Disease (GOLD), NCD Alliance, etc.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the high-flow nasal cannula market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America high-flow nasal cannula market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction
3. North America High-Flow Nasal Cannula Market - Market Landscape
4. North America High-Flow Nasal Cannula Market - Key Market Dynamics
5. High-Flow Nasal Cannula Market - North America Analysis
6. North America High-Flow Nasal Cannula Market Analysis - By Component
7. North America High-Flow Nasal Cannula Market Analysis - By Application
8. North America High-Flow Nasal Cannula Market Analysis - By End User
9. North America High-Flow Nasal Cannula Market Revenue And Forecasts To 2027
10. High-Flow Nasal Cannula Market -Industry Landscape
11. High-Flow Nasal Cannula Market-Key Company Profiles
12. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Great Group Medical Co., Ltd.
- Salter Labs
- Fisher And Paykel Healthcare Limited
- TNI Medical Ag
- Mek-Ics Co., Ltd.
- Flexicare Medical Limited
- Vapotherm
- Teleflex Incorporated
- Resmed
- Hamilton Medical Inc,