DUBLIN–(BUSINESS WIRE)–The “Positive Airway Pressure Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global positive airway pressure devices market size reached US$ 3.2 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 4.6 Billion by 2027, exhibiting a CAGR of 6.24% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Positive airway pressure (PAP) therapy is widely used in the treatment of obstructive sleep apnea (OSA) and snoring. It is also utilized in respiratory ventilation to improve the oxygenation of patients in intensive care units (ICUs). PAP devices include straps to position the mask, a hose or tube to connect the mask to a motor and an air filter to purify the air entering the nostrils.
Nowadays, automatic PAP devices that rely on proprietary algorithms to adjust the pressure delivered noninvasively are gaining traction worldwide to treat OSA at home.
Growing prevalence of hypertension, depression, diabetes and heart disorders is increasing the risk of developing OSA among individuals. This, in confluence with the availability of favorable reimbursement policies, represents one of the key factors escalating the demand for PAP devices across the globe. Apart from this, the introduction of portable, travel-friendly PAP devices is also bolstering the growth of the market.
Furthermore, the leading manufacturers are developing and introducing compact and convenient product variants with improved noise reduction features. They are also providing discount offers on various products available through online retail channels.
Moreover, various studies conducted by healthcare institutes are suggesting that continuous PAP devices can treat type 1 respiratory failure in patients diagnosed with the coronavirus disease (COVID-19). This, along with a shortage in the supply of mechanical ventilators, is anticipated to influence the market positively.
Companies Mentioned
3B Medical Inc.
Apex Medical Corp.
Compumedics Limited (D & DJ Burton Holdings Pty Ltd.)
Drive Devilbiss Healthcare (Drive International LLC)
Fisher & Paykel Healthcare Limited
Koninklijke Philips N.V.
Resmed Inc.
Smiths Group Plc
Somnetics International Inc.
Vyaire Medical Inc.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global positive airway pressure devices market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and end user.
Breakup by Product Type:
Automatic Positive Airway Pressure (APAP) Devices
Continuous Positive Airway Pressure (CPAP) Devices
Bi-level Positive Airway Pressure (BiPAP) Devices
Breakup by End User:
Hospitals and Sleep Labs
Home Care
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Key Questions Answered in This Report:
1. What was the size of the global positive airway pressure devices market in 2021?
2. What is the expected growth rate of the global positive airway pressure devices market during 2022-2027?
3. What has been the impact of COVID-19 on the global positive airway pressure devices market?
4. What are the key factors driving the global positive airway pressure devices market?
5. What is the breakup of the global positive airway pressure devices market based on the product type?
6. What is the breakup of the global positive airway pressure devices market based on the end user?
7. What are the key regions in the global positive airway pressure devices market?
8. Who are the key players/companies in the global positive airway pressure devices market?
For more information about this report visit https://www.researchandmarkets.com/r/x7dkx2
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