COVID-19 Pushes Sales of High Flow Nasal Cannula

Future Market Insights Study

DUBAI, U.A.E, July 15, 2020 /PRNewswire/ -- Market research company Future Market Insights' projections on the high flow nasal cannula market reveal that the market is slated to be valued at ~US$ 18 Bn by 2030.

Growing prevalence of respiratory disorders have led to an increase in the uptake of high-flow nasal cannula (HFNC) devices. The Center for Disease Control and Prevention (CDC) acknowledges the high-flow nasal cannula oxygenation therapy as a standard recommended therapy across the United States, especially during the COVID-19 pandemic.

Following this development, healthcare providers are facilitating extensive research on how to better integrate this technology in providing relief for severely infected patients. In the pre-COVID-19 scenario, HFNC was being administered to patients with acute respiratory distress syndrome (ARDS) and acute lung injury (ALI). These conditions were responsible for a majority of respiratory casualties.

Such extensive applications to correct respiratory anomalies is anticipated to sustain the market demand for HFNC treatment solutions and devices throughout the forecast period.

"While COVID-19 is the primary growth accelerator for the short-term, prevalence of other chronic respiratory ailments will sustain HFNC demand for the remaining forecast," opines an FMI analyst.

For more insights into the Market, request a sample of this report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-11269

Key Takeaways from FMI's High Flow Nasal Cannula Market Report

• North America and Europe shall capture half of the HFNC market
• E-commerce to be the most widely used channels for HFNC device delivery due to preference for contactless transactions
• Homecare settings to extensively use HFNC treatment devices
• Infant bronchitis and pneumocephalus to generate fertile ground for HFNC treatment during 2020-2030
• Single-use nasal cannulas gain traction during the COVID-19 crisis
• High flow nasal cannula market shall expand at over 12% CAGR in 2020

High Flow Nasal Cannula Market- Key Trends