The demand within the global high flow nasal cannula market is predicted to rise alongside advancements in healthcare device manufacturing. The growing relevance of adequate oxygen supply into the lungs has created fresh opportunities for growth across the market. The focus of the medical research sector on treating and managing pulmonary infections and diseases has created a large playfield of opportunities across the global high flow nasal cannula market. These cannulas have replaced traditional cannulas that were previously the primary technology for oxygen delivery into the lungs. Therefore, the total volume of revenues within the global high flow nasal cannula market is slated to increase in the times to follow.
In this review, several key trends related to the expansion of the global high flow nasal cannula market have been enunciated.
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Global High-Flow Nasal Cannula Market: Notable Developments
- The leading players operating in the global high-flow nasal cannula market are focusing on leveraging the growth opportunity created by the outbreak of the coronavirus disease. The humongous need for oxygen pumps has brought these cannulas under the spotlight of attention. Since respiratory and breathing difficulties are amongst the most severe symptoms of COVID-19, medical practitioners are focusing on maintaining a sustainable pool for oxygen supply technologies. Therefore, the vendors operating in the global high-flow nasal cannula market are expected to collaborate with COVID care centers in order to increase their revenue share.
- Air oxygen blenders have also emerged as important technologies in the medical industry. Active humidifiers are amongst other systems that could gain traction from the masses over the course of the next decade. Therefore, the leading vendors in the global high-flow nasal cannula market are investing these next-generation systems in order to attract a larger consumer base. The availability of high-flow nasal cannula across hospitals and ambulatory care centers offers a lucrative opportunity to the leading vendors in the global market.
Key Players
- TNI Medical Ag
- Flexicare Medical Limited
- Mek-Ics Co., Ltd.
- Vapotherm
Global High-Flow Nasal Cannula Market: Growth Drivers
- Spread of the COVID-19 Pandemic
The COVID-19 pandemic has debunked all false narratives related to pulmonary health. The past few months have witnessed an unprecedented increase in investments related to pulmonary health. This has enabled medical practitioners to closely scrutinize and investigate various reasons behind lung infections and breathing disorders. Besides, severe cases of the coronavirus exhibit critical symptoms such as breathing difficulties. This necessitates proper administration of oxygen supply into the lungs. Since high flow nasal cannulas can supply oxygen at a faster pace relative to other technologies, the demand for the former has increased over the past few months.
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- Need for Distinct Oxygen Supply Technologies
The high flow rates exhibited by nasal cannulas have enabled the medical industry assess the effectiveness of these devices. Furthermore, the need for oxygen supply in aged patients has also opened new pathways for market growth and maturity. The healthcare industry has, time and again, pointed to the importance of respiratory support methods. Besides, the awareness amongst the masses related to respiratory care has also created new opportunities for growth and advancement across the global high flow nasal cannula market.
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