The Positive Airway Pressure Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Positive Airway Pressure Devices Global Market Report 2024, The positive airway pressure devices market size has grown rapidly in recent years. It will grow from $3.94 billion in 2023 to $4.37 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. 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 $6.72 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. 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.
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.
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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
Major companies are operating in the positive airway pressure devices market are innovating new technological products such as AirSense 11 PAP Series to increase their profitability in the market. The AirSense 11 PAP Series is a line of positive airway pressure (PAP) devices. For instance, in August 2021, ResMed Inc., a US-based medical devices company launched AirSense 11 PAP Series. The purpose of the AirSense 11 PAP Series is to treat sleep apnea with PAP devices. To make therapy setup and nightly usage easier for patients, they have a number of features such an integrated humidifier, AutoRamp technology, and an intuitive touchscreen. Three distinct models—AutoSet, CPAP, and Elite—are part of the AirSense 11 series. These extremely flexible PAPs let you vary between APAP and CPAP therapy according on your needs. Thus, companies operating in the market are continuously focusing on introducing new technologies to survive in the positive airway pressure devices market.
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:
- esMed Corporation
- Royal Philips N.V
- 3B Medical Corporation
- Fisher & Paykel Healthcare Corporation Limited
- Drive DeVilbiss Healthcare Inc
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