Asia Pacific High-Flow Nasal Cannula Market Market to Reach US$ 2,536.52 Mn at a CAGR of 11.7% in 2027

Asia-Pacific High-Flow Nasal Cannula Market to 2027- Regional Analysis and Forecasts by Component (Air Oxygen Blender, Nasal Cannula, Heated Inspiratory Circuit, and Active Humidifier); Application (Bronchiectasis, Acute Respiratory Failure, Acute Heart Failure, and Chronic Obstructive Pulmonary Disease); End User (Ambulatory Care Centers, Hospitals and Long-Term Care Centers) and Country

  • Report Code : TIPRE00008094
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 129
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The Asia-Pacific high flow nasal cannula market is expected to reach US$ 2,536.52 Mn in 2027 from US$ 951.53 Mn in 2018. The market is projected to grow with a CAGR of 11.7% from 2019-2027.

The key factors that are driving the growth of the High-Flow Nasal Cannula market are the growing elderly population and increasing chronic respiratory disease across APAC. However, the factors restraining the market growth are after-effects associated with high flow nasal cannula.

According to the NCD Alliance, chronic respiratory diseases (CRDs) describe a series of diseases of the airways and the other structures of the lungs. Asthma and respiratory allergies, occupational lung diseases, chronic obstructive pulmonary disease (COPD), sleep apnea syndrome, and pulmonary hypertension are few of them. The burden for chronic respiratory diseases (CRDs) is increasing across all countries in Asia-Pacific. As per the article published in The Lancet Global Health, India has 18% of the global population and an increasing burden of chronic respiratory diseases.

The prevalence of asthma in India is significantly high as compared to other countries. With an estimated 15 to 20 million asthma patients, at least one in every ten asthma patient lives in India. As per estimates of the WHO, around 30 million Indians suffer from asthma. Some of the common factors for the rise in the number of asthma cases in India include obesity, smoking, indoor and outdoor air pollution, sudden overuse or misuse of antibiotics, pollen, second-hand smoke, poorly ventilated homes, and workplaces, among others. Other than asthma, the rising cases of COPD have been a matter of concern in the country. According to the University of Washington’s Global Burden of Disease study, 2018, COPD was the second-highest cause of death in India, leading to the death of almost 958,000.

India High Flow Nasal Cannula Market Revenue and Forecasts to 2027 (US$ Mn)

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Europe High-Flow Nasal Cannula Market – By Component

  • Air Oxygen Blender
  • Nasal Cannula
  • Heated Inspiratory Circuit
  • Active Humidifier

Europe High-Flow Nasal Cannula Market – By Application

  • Bronchiectasis
  • Acute Respiratory Failure
  • Acute Heart Failure
  • Chronic Obstructive Pulmonary Disease (COPD)

Europe High-Flow Nasal Cannula Market – By End User

  • Hospitals
  • Ambulatory Care Centers
  • Long-Term Care Centers

Europe High Flow Nasal Cannula market

By Country

  • APAC


    • China
    • Japan
    • India
    • Australia
    • South Korea

Companies Mentioned

  • 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,
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component, Application, End User and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies - APAC High Flow Nasal Cannula Market

 

  1. Great Group Medical Co., Ltd.
  2. Salter Labs
  3. Fisher And Paykel Healthcare Limited
  4. TNI Medical Ag
  5. Mek-Ics Co., Ltd.
  6. Flexicare Medical Limited
  7. Vapotherm
  8. Teleflex Incorporated
  9. Resmed
  10. Hamilton Medical Inc,

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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