High-flow Nasal Cannula Market Share

APAC Market Statistics

The Asia Pacific high-flow nasal cannula market is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the growing geriatric and pediatric population, along with the increasing prevalence of asthma in the region. By 2050, one in four individuals in the region of Asia Pacific is estimated to get older than 60, and the incidence of asthma in the elderly population is about 1.3 to 15.3% compared to 5 percent of adults in the region, as per the reports. Moreover, with the rising cases of chronic respiratory diseases, there is also a surge in the number of surgeries conducted in the region every year. Along with this, the growing healthcare infrastructure, and improving healthcare facilities in the region are estimated to drive market growth in the region during the forecast period. The increasing urbanization from growing industries releases harmful gases and chemicals into the environment. In addition, the increasing automobile industry is also estimated to rise air pollution owing to elevating vehicles on the road.