Continuous Positive Airway Pressure (CPAP) Devices Market To Grow With Double Digit CAGR During the Forecast Period
Dynamic investments in the research
are driving the growth in Global Continuous Positive Airway Pressure (CPAP)
Devices Market in the forecast period, 2022-2026.
According
to TechSci Research report, “Global Continuous Positive
Airway Pressure (CPAP) Devices Market By Product Type (CPAP
Masks, CPAP Humidifier, CPAP Motors, Others), By Type (Manual v/s Automatic), By
End User (Hospitals & Clinics, Ambulatory Care Centers, Others), By Region,
Competition Forecast & Opportunities, 2026”,
the global continuous positive airway pressure (CPAP) devices market is
projected to grow at an impressive CAGR in the forecast period, 2022-2026. The
market attributes responsible for the growth of the market are rapid increase
in respiratory disorders among the patients suffering from heart or lung
failures. Moreover, the environmental conditions, toxins present in the air due
to increased industrialization and urbanization is driving the market growth.
Furthermore, the population is actively involved in the unhealthy lifestyle and
habits such smoking, drinking alcohol and other toxins. Also, the unhealthy
eating habits and rising number of patients suffering from obesity is expected
to drive the demand in the global continuous positive airway pressure devices
market in the upcoming five years.
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The global continuous
positive airway pressure devices market is segmented by product type, type, end
user, competitive landscape, and regional distribution. Based on type, the
market is further divided into manual and automatic continuous positive airway
pressure devices. Automatic continuous positive airway pressure devices are
anticipated to hold the largest share of the market and dominate the market
segment in the next five years. The market attributes responsible for the
growth can be acknowledged as the advantage of the sensitive algorithm this
device comes with. This technically advanced algorithm allows the machine to
detect the inhalation process of the patient that they require for the
sufficient flow of oxygen. Moreover, these automatic continuous positive airway
pressure devices are often compared with the continuous/ constant positive
airway pressure devices due to their capabilities and efficiency toward its
functional prospect. The wide pressure range of these devices can be applicable
for all sorts of patients dealing with different kind of respiratory disorders.
The advantage of broad range of pressure this device eliminates the process
required for the titration night that is done for the maintenance of the device
that is carried out in other kind of devices (manual devices). This efficiency
and advances allow a consistent flow of the demand for automatic devices in the
market thereby supporting the growth of the global continuous positive airway
pressure devices market in the next five years.
Based on end users, the
market is further bifurcated into hospitals & clinics, ambulatory care
centers, and others. Hospitals & clinics are anticipated to hold the
largest market shares due to the surge in number of patients being provided the
aid at the same time. Moreover, the financial expenses over these medical
devices are not much feasible for the single user to own the device at home.
Although, with the rising disposable income some of the patients do prefer it
at home along with the patients in the prolonged homecare may put a requirement
for the devices.
Holding the majority of the revenue
shares a partial list of the market players includes Koninklijke Philips NV,
ResMed, Inc., Invacare Corporation, Medtronic Plc., GE Healthcare, Smith’s
Group plc, Draegerwerk AG & Co. KGaA, Fisher & Paykel Healthcare
Corporation Limited, Drive DeVilbiss Healthcare Ltd, Hamilton Medical AG, among
others. Strategic alliances between the key market players and the small
players in the newly emerging markets of the smaller economies like India and
the increasing geriatric population are expected to drive the growth of the
global continuous positive airway pressure devices market in the next five
years. Technological advancements in the medical devices are also major growth
driving factors of the market. Consistent research and development in the medical
devices are
allowing efficient and effective treatments for the patients suffering with the
chronic disorders.
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“North America and South America regions
are promising regions for the growth of the market in the upcoming five years.
Increasing instances of obesity, unhealthy diet and physical inactivity along
with the choice of unhealthy lifestyle is driving the growth of the market in
these regions. Moreover, the United States and Canada are some countries where
healthcare industry is well established, and facilities are well known for
their efficiency. Increased expenses on the healthcare industry, increased
research and development of the medical devices with the technological advances
and presence of major market players in the region are expected to support the
growth of the market. Asia Pacific might experience the fastest growing market
due to unhealthy diet and associated lifestyle. Although the healthcare
industry in the region is rapidly developing and government aid towards the
research and management of healthcare expenses through insurance plans are
anticipated to grow the market rapidly in the future five years,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based Global
management consulting firm.
“Global Continuous
Positive Airway Pressure (CPAP) Devices Market By Product Type (CPAP Masks,
CPAP Humidifier, CPAP Motors, Others), By Type (Manual v/s Automatic), By End
User (Hospitals & Clinics, Ambulatory Care Centers, Others), By Region,
Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global continuous positive airway pressure (CPAP) devices market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global continuous positive airway pressure
(CPAP) devices market.
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