Positive Airway Pressure Devices Market (By Product Type: CPAP, APAP, BiPAP) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030

According to Vision Research Reports, the global positive airway pressure devices market was valued at USD 2.3 billion in 2021  is projected to be worth around USD 4.1 billion by 2030 with a registered CAGR of 5.7% from 2022 to 2030.

Growth Factors

The healthcare industry is facing challenges owing to the rapidly growing prevalence of obstructive sleep apnea and sleep apnea-associated chronic comorbidities. Obstructive sleep apnea is a sleeping disorder, characterized by irregular breathing, thus providing insufficient oxygen to the brain. As per the global prevalence of obstructive sleep apnea estimates published in June 2022 by UpToDate, over 936 million individuals across the globe suffer from mild to severe sleep apnea.

Changing lifestyles owing to globalization and the adoption of unhealthy dietary habits are making individuals prone to obesity, Cardiovascular Diseases (CVDs), diabetes, and hypertension, which are forerunners of obstructive sleep apnea. As per the estimates published by the World Population Review, 36.2% of the U.S. population is diagnosed as obese. In addition, the rapidly increasing geriatric population coupled with increasing life expectancy is anticipated to contribute to the incidence rate of obstructive sleep apnea and directly drive the demand for positive airway pressure devices (PAP) devices. The COVID-19 pandemic restrained the growth of the market owing to multiple lockdowns and travel restrictions imposed by governments across the globe to curb the transmission rate.

In addition, the postponement of elective procedures and infrastructural changes in healthcare facilities to accommodate COVID-19 care facilities negatively impacted the procedural volume, which hindered market growth. Healthcare facilities and sleep centers recorded a declining trend in diagnostic and therapeutic procedural volume, restricting the growth of PAP devices. The American Academy of Sleep Medicine (AASM) introduced protocols to adopt virtual consultations to address the declining sleep studies volume. However, during the initial months of the pandemic, PAP machines were being used as the first line of treatment and as an alternative to ventilators in mechanical ventilation. Global government bodies are devising strategies to promote awareness levels amongthe population and promote the adoption of PAP machines. The availability of favorable reimbursement policies is further boosting product adoption.

Product Type Insights

In 2021, the Continuous Positive Airway Pressure (CPAP) devices segment dominated the market and accounted for the largest revenue share of 69%. The segment will grow further at a significant CAGR from 2022 to 2030. The rising incidence rate of obstructive sleep apnea across the globe and increasing awareness among the healthcare fraternity about the available treatment options have contributed to the growth of the segment. The emergence of market participants and the growing focus on innovative product development strategies to offer technologically advanced devices is boosting the growth. Changing lifestyles and growing disposable income has contributed to the growth of the CPAP market. Furthermore, CPAP devices are the first line of treatment for obstructive sleep apnea & snoring and are more economical when compared to other PAP devices.

However, the bi-level positive airway pressure (BiPAP) devices segment is anticipated to register the fastest CAGR over the forecast years owing to the rising incidence of obstructive sleep apnea-associated comorbidities and widespread adoption of PAP devices in disease management. BiPAP devices are the second line of treatment in patients who face difficulties in using CPAP devices. BiPAP devices offer a more efficient breathing pattern coupled with a variable/alternate flow of air. Furthermore, the availability of technologically advanced PAP devices and favorable reimbursement policies are a few driving factors anticipated to bolster the adoption and growth of BiPAP devices.

Regional Insights 

In 2021, North America dominated the market and accounted for the largest share of more than 48% of the global revenue.The growing prevalence of respiratory diseases, such as obstructive sleep apnea, coupled with increasing awareness about the available treatment solutions is driving the growth. According to the estimates published by UpToDate in June 2022, the prevalence of obstructive sleep apnea in North America is recorded to be 10-15% in females and 15-30% in males. In addition, rapid globalization, changing lifestyles, and rising disposable income have contributed to the growth of the North America regional market.

The presence of renowned players and favorable support from government bodies & insurance firms havealso supported the region’s growth. For instance, Medicare and other private insurance organizations in the U.S. reimburse approximately 80% of the costs incurred to the patient while purchasing the PAP machine and accessories, thereby, promoting the adoption of sleep apnea treatment solutions. On the other hand, Asia Pacific is expected to grow at the fastest CAGR over the forecastperiod.

This is due to the rapidly increasing geriatric population and growing prevalence of hypertension, Cardiovascular Diseases (CVDs), chronic respiratory disorders, cancer, and hypertension. The rising incidence rate of chronic disorders is anticipated to directly contribute to the growing prevalence of obstructive sleep apnea. According to the National Library of Medicine estimates, the prevalence of obstructive sleep apnea in Asian females ranges from 2.1% to 3.3%, and in males, it ranges from 4.1% to 7.5%. Similarly, as per the Asian Pacific Society of Respirology estimates published in May 2020, the prevalence of mild obstructive sleep apnea in Asia Pacific ranges from the lowest in Hong Kong (7.8%) to the highest in Malaysia (77.2%).

Key Players

  • Koninklijke Philips N.V. (Philips Respironics)
  • Curative Medical
  • ResMed
  • Fisher and Paykel Healthcare Limited
  • Drive DeVilbiss Healthcare Inc.
  • Somnetics International, Inc. 

Market Segmentation

  • Product Type Outlook

    • CPAP

    • APAP

    • BiPAP

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

      • Spain

      • France

      • Italy

      • Russia

    • Asia Pacific

      • China

      • Japan

      • India

      • South Korea

      • Singapore

      • Australia

    • Latin America

      • Brazil

      • Argentina

      • Mexico

    • MEA

      • South Africa

      • Saudi Arabia

      • UAE

The Positive Airway Pressure Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Positive Airway Pressure Devices market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Positive Airway Pressure Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Positive Airway Pressure Devices market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Positive Airway Pressure Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Positive Airway Pressure Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Positive Airway Pressure Devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Positive Airway Pressure Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Positive Airway Pressure Devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Positive Airway Pressure Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Positive Airway Pressure Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Positive Airway Pressure Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Positive Airway Pressure Devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Positive Airway Pressure Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Positive Airway Pressure Devices market. These factors have benefited the growth of the global market for Positive Airway Pressure Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Positive Airway Pressure Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Positive Airway Pressure Devices are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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