Overview and Scope
Positive airway pressure devices are devices that pump air under pressure into the lungs. These devices are used to treat obstructive sleep apnea (OSA).
Sizing and Forecast
The positive airway pressure devices market size has grown rapidly in recent years. It will grow from <b>$3.94 billion in 2023 to $4.37 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. </b> The growth in the historic period can be attributed to demand for sleep apnea and respiratory therapy, growth in aging population and chronic diseases, expansion in home healthcare solutions, use in neonatal and pediatric care, regulatory standards for medical devices.
The positive airway pressure devices market size is expected to see rapid growth in the next few years. It will grow to <b>$6.72 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. </b> The growth in the forecast period can be attributed to personalized and patient-centric airway pressure devices, growth in telemedicine and remote monitoring, customized devices for specific respiratory conditions, expansion of telehealth and virtual sleep clinics, increased use in sports and performance sleep.. Major trends in the forecast period include ai and machine learning in sleep disorder management, regulatory compliance in airway pressure device safety, portable and travel-friendly pap solutions, pediatric and infant-specific pap devices, wearable pap technology for continuous monitoring.
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Segmentation & Regional Insights
The positive airway pressure devices market covered in this report is segmented –
1) Product Type: Continuous Positive Airway Pressure (CPAP), Auto-titrating Positive Airway Pressure (APAP), BiLevel Positive Airway Pressure (BiPAP)
2) By Application: Sleep Apnea, COPD, Other Applications
3) By End-user: Hospitals & Sleep Labs, Home Care Settings, Other End-users
<b>North America</b> was the largest region in the positive airway pressure devices market in 2023. <b>Asia-Pacific</b> is predicted to record the fastest growth over the forecast period. The regions covered in the positive airway pressure devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in geriatric population is expected to contribute to the growth of the positive airway pressure (PAP) devices market in the forecast period. The geriatric population is more prone to sleep apnea diseases. The higher prevalence of obstructive sleep apnea (OSA) is related to the decrease in the size of the upper airway lumen because of increasing age. For instance, in June 2021, according to the UK Parliament’s House of Commons Library, a UK-based information resource, by 2043, there will be a rise in the senior population in the UK, which will make up 24% of the total population (17.4 million people). Thus, the rising geriatric population as the existence of apnea is more prevalent in the geriatric population, and this is likely to drive the market.
Key Industry Players
Major companies operating in the positive airway pressure devices market include <b> ResMed Corporation, Royal Philips N.V., 3B Medical Corporation, Fisher & Paykel Healthcare Corporation Limited, Drive DeVilbiss Healthcare Inc., Somnetics International Corporation, Heyer-Schulte Medical Corp., Genstar Technologies LLC, BMC Medical Inc., Apex Medical Corporation, Armstrong Medical Industries Inc., Curative Medical Corporation, Compumedics Corporation Limited, CareFusion Corporation, Mercury Medical Inc., Khayat Medical Industries S.A.R.L, Vyaire Medical Inc., Teijin Limited, Medtronic plc, Servona AG, Medical Depot Corporation, Weinmann Emergency Medical Technology GmbH & Co. KG, Beijing Dehaier Medical Technology Co. Ltd., Breas Medical AB, Cadwell Industries Corporation, General Electric Healthcare, Hamilton Medical AG, Invacare Corporation, Medline Industries Inc., Nihon Kohden Corporation, Oventus Medical Limited, SomnoMed Limited </b>
The positive airway pressure devices market report table of contents includes:
1. Executive Summary
2. Positive Airway Pressure Devices Market Characteristics
3. Positive Airway Pressure Devices Market Trends And Strategies
4. Positive Airway Pressure Devices Market – Macro Economic Scenario
5. Global Positive Airway Pressure Devices Market Size and Growth
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26. South America Positive Airway Pressure Devices Market
27. Brazil Positive Airway Pressure Devices Market
28. Middle East Positive Airway Pressure Devices Market
29. Africa Positive Airway Pressure Devices Market
30. Positive Airway Pressure Devices Market Competitive Landscape And Company Profiles
Top Major Players:
- ResMed Corporation
- Royal Philips N.V
- 3B Medical Corporation
- Fisher & Paykel Healthcare Corporation Limited
- Drive DeVilbiss Healthcare Inc
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