Continuous Positive Airway Pressure Devices Market Analysis, Landscape and Growth Prospects By 2027
Continuous Positive Airway Pressure Market Overview
Continuous positive airway pressure devices market 2020 can garner significant traction at a rate of 7.1% during the analysis period (2020-2027), suggests MRFR (Market Research Future). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
The rising patient population of sleep apnea is likely to fuel demand for Continuous positive airway pressure Market over the next couple of years. The factors that are responsible for the increasing patient population include rising burden of obesity, physical inactivity, lifestyle changes, etc. As per statistical observations published by sleep.org, over 18 million Americans have sleep apnea. Increasing awareness about the treatment is expected to propel the proliferation of the continuous positive airway pressure devices market over the assessment period. The advancements in the healthcare sector are also projected to favor the rise in the growth curve of the market in the foreseeable future.
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Market Segmentation
Continuous positive airway pressure (CPAP) devices industry has been considered for product type, features, automation, and end user.
The various product types discussed in the market study are CPAP mask, CPAP hoses, CPAP motors, and others. With the continuous launch of technically innovative CPAP devices and the rising prevalence of sleep apnea, the demand for all the mentioned product types is expected to surge at a striking pace over the next couple of years.
The different features available in CPAP devices are heated tubing, portability, humidifier, and more.
Automation-based segments are manual as well as automatic.
Home care, private clinics, hospitals, and others are the top industry end-users. The substantial share belonging to the hospitals segment can be credited to the rising number of medical facilities and hospitals across developing regions. On the other hand, the heightened use of positive airway pressure devices at home, especially by elderly patients, drives the home care settings segment’s growth.
Regional Outlook
America’s Winning Streak to Continue throughout the Forecast Period
America is the global leader and can continue to be the biggest gainer in the following years, given the region’s tendency of being a quick adopter of the latest technically advanced products, like portable CPAP devices. Other encouraging factors could be the growing need for effective sleep apnea management and supportive reimbursement policies in Canada and the U.S. Well streamlined regulatory guidelines along with the sizeable investments that go into research and development activities pertaining to new devices will also ensure America retains its lead in the continuous positive airway pressure devices market.
APAC Races Ahead at the Fastest Pace
APAC is on track to cover substantial grounds in the near future and can do so at the fastest rate, thanks to the rising prevalence of bad diets and inactive lifestyle. The rapid improvements in the healthcare system, rising healthcare expenditure and R&D activities also benefit the APAC market. The amplified demand for more effective treatment techniques in South Korea and India is also likely to boost the market growth. Additionally, with the region brimming with untapped opportunities and observing growth in the awareness level regarding sleep-related conditions, the regional market is bound to grow exponentially in subsequent years.
Continuous Positive Airway Pressure Devices Market Players:
- Apex Medical Corp. (Taiwan)
- Invacare Corporation (US)
- DeVilbiss Healthcare LLC (US)
- 3B Medical, Inc. (U.S.)
- ResMed (U.S.)
- Medtronic (U.S.)
- Fisher & Phillips LLP (U.S.)
- Cardinal Health (U.S.)
- Armstrong Medical Inc. (U.S.)
- Smiths Medical (U.S.), Koninklijke
- Philips N.V. (the Netherlands)
- Beijing Dehaier Medical Technology Co., Ltd. (China)
are some of the most reputed companies active in the CPAP devices market.
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