In a recent published report, Kenneth Research has updated the market report for Nasal High Flow Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Nasal High Flow Market products.
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Kenneth Research has recently added a report titled Nasal High Flow Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The Nasal High Flow Market was valued at USD 2,563.25 Million in the year 2018. Nasal High Flow therapy delivers oxygen to a patient with flow higher than that delivered traditionally in oxygen therapy. As the Nasal High Flow reduces the work of breathing in critically ill patients, it also is an emerging field where a lot of new devices have the scope to be developed such as nebulization. Further innovation in the Nasal High Flow will provide help to patients’ transition to less acute care settings, help them recover more quickly and provide solutions that can assist them to avoid more acute conditions. The market is influenced by many factors including aging, increase in respiratory diseases, rise in air pollution and demand in the homecare products.
Among the countries, US currently leads the nasal high flow market owing to considerable investments planned in the R&D and advancement in the devices. Moreover, countries like Canada, China, and the ROW are expected to grow faster owing to increased investment in the upstream sector.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Scope of the Report
Global Nasal High Flow Market (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• Nasal High Flow Market – Size, Growth, Forecast
• Analysis by Product Type: Consumables, Devices
• Analysis by End User Type: Hospital, Homecare, Others
Country Analysis – U.S., Canada, Germany, UK, China, Japan, ROW (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• Nasal High Flow Market – Size, Growth, Forecast
• Analysis by Product Type: Consumables, Devices
• Analysis by End User Type: Hospital, Homecare, Others
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Other Report Highlights
• Market Dynamics – Drivers and Restraints.
• Market Trends
• Leading Companies
• SWOT Analysis.
• Company Analysis – Fisher and Paykel Healthcare, Vapotherm, ResMed, Flexicare Medical, Vyaire Medical
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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