High Flow Oxygen Therapy Devices Market Overview
The report is titled as ‘High Flow Oxygen Therapy Devices Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the High Flow Oxygen Therapy Devices market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. High Flow Oxygen Therapy Devices market is expected to grow with significant rate in the near future.
In 2022, global high flow oxygen therapy devices market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period
High Flow Oxygen Therapy Devices Introduction
The high flow oxygen therapy devices are basically an innovative and a non-invasive procedure that is effectively treating the patients suffering from acute or chronic respiratory failure.
The high flow oxygen therapy devices can be perceived as a respiratory support that is usually used together with the compressed air by controlling the moisture content. These devices make usage of the nasal prongs that have higher flow rated to comfort the patient suffering from severe distress from respiratory associated problems by releasing warm, humidified, oxygen-enriched air.
The application of these devices is comprehensively used in the Intensive Care Units (ICUs), attributing to the enhanced efficacy of the oxygen therapy. The high flow nasal cannula (HFNC) has effectively shown as an effective device for the COVID-19 patients that eliminated the use of the invasive mechanical ventilation. The pharyngeal dead space washout, decrease in airway resistance, production of a positive end-expiratory pressure, and higher delivery of oxygen are some of the mechanisms used by the high flow oxygen therapy devices. One of the primary drivers that is positively increasing the growth of the high flow oxygen therapy devices is the increasing prevalence of the acute respiratory failures (ARF) due to the COVID-19 pandemic with high risk of infections among the population which in turn increased the demand for high flow nasal cannula.
High Flow Oxygen Therapy Devices Market Segmentation
The global high flow oxygen therapy devices market is segmented on the basis of component, system modality, end user, and region
Liquid Oxygen Devices
Oxygen Delivery Devices
By System Modality
By End User
High Flow Oxygen Therapy Devices Market Key Players
Some of the key participating players in global high flow oxygen therapy devices market are:
Lianying Medical Technology
Draegerwerk AG & Co. KGaA
Teleflex Medical GmBH
Vyaire Medical, Inc.
Fisher & Paykel Corporation Ltd.
Hamilton Medical Inc.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Concerns for use of High Flow Oxygen Therapy Devices
Advantages of High Flow Oxygen Therapy Devices
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
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The high flow oxygen therapy devices market is estimated to reach at a value of US$ *** Mn by the end of 2022 and expected to reach at a value of US$ *** Mn by 2030 with a significant CAGR of ***%.
The base year for the report is 2021 in high flow oxygen therapy devices market.
The global high flow oxygen therapy devices market is segmented on the basis of component, system modality, end user, and region.
Some of the key participating players in global high flow oxygen therapy devices market are: Biosys Biyomedikal, BMC Medical, Lianying Medical Technology, Silbermann Technologies, Draegerwerk AG & Co. KGaA, Teleflex Medical GmBH, Philips Respironics, Vapotherm, Inc., ResMed, Vyaire Medical, Inc., Fisher & Paykel Corporation Ltd., Armstrong Medical, Flexicare Medical, Hamilton Medical Inc., Intersurgical Inc., Inspired Medical.