FMI Analyzes Impact of COVID-19 on Continuous Positive Airway Pressure (CPAP) Market; Stakeholders to Focus on Long-term Dimensions
Analysts at Future Market Insights find that the global Continuous Positive Airway Pressure (CPAP) Market has been evolving at a CAGR of xx% during the historic period 2015-2019. The market study suggests that the global market size of keyword is projected to reach ~US$ xx Mn/Bn by the end of 2030 with a CAGR of xx% over the stipulated timeframe 2020-2030.
The COVID-19 pandemic has been posing measurable impact on the global economy and, in turn, on the Continuous Positive Airway Pressure (CPAP) Market. Quarantines, traveling constraints, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of Q2. This research work intends to offer market players with a viewpoint on the changing scenario and implications for the market players.
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An alarming rise in the number of chronic obstructive pulmonary disorder (COPD) and a rapid visible increase in the diagnosis rate of sleep apnea/hypopnea syndrome (SAHS), are further complemented by the expanding geriatric population. While these factors collectively contribute towards the demand for respiratory assistance therapy and devices, particularly continuous positive airway pressure (CPAP), the recently declared global COVID-19 pandemic is observed to be a solid booster to the global CPAP market landscape.
Moreover, technological advances such as improved mask designs continue to account for accelerating demand for CPAP devices. Design innovations are primarily driven by lack of 100% comfort wearing these masks, as reported by patients over the years.
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Continuous positive airway pressure machines are typically utilized as assistive/supportive and preventive devices to treat patients of SAHS, COPD, acute asthma, cardiogenic pulmonary edema, congestive heart failure, chronic lung disease (CLD), and cystic fibrosis. Of late, they are finding application in providing breathing assistance, rather, as a potential substitute for ventilator.
After the FDA’s recent emergency policy, various alternative respiratory devices emerged to be used as potential replacers for lifesaving ventilators. In light of shortages of ventilators that quickly began to influence the scenario at hospitals and emergency response centers during the novel coronavirus pandemic, CPAP devices started witnessing greater preference among others in the category. However, as suggested by the American Society of Anesthesiologists’ guidance, utilization of such non-invasive respiratory support devices must be subject to additional caution as it is often prone to dispersal of unfiltered droplets, eventually adding to the air-borne infection of virus.
Recently, a British Formula 1 engine manufacturer – Mercedes-AMG High Performance Powertrains (Northamptonshire), developed an efficient breathing aid in form of a CPAP unit to respond to the expected rise in COVID-19 patients with breathing difficulties. This device has been developed through reverse engineering one of their existing devices, and it definitely eliminates the need for a ventilator.
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What does the Continuous Positive Airway Pressure (CPAP) Market research holds for the readers?
- One by one company profile of key vendors.
- Influence of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Continuous Positive Airway Pressure (CPAP) Market.
- Evaluation of supply-demand ratio in every end use industry.
- Regional analysis on the basis of market share, growth outlook, and key countries.
- Positive and negative aspects associated with the consumption of keyword.
The Continuous Positive Airway Pressure (CPAP) Market research clears away the following queries:
- What is the present and future outlook of the global Continuous Positive Airway Pressure (CPAP) Market on the basis of region?
- What tactics are the Continuous Positive Airway Pressure (CPAP) Market vendors implementing to give tough competition to their business counterparts?
- What are the macro- and microeconomic factors affecting the global Continuous Positive Airway Pressure (CPAP) Market?
- Which end use segment is spectated to lead by the end of 2029?
- Why region has the highest consumption of keyword?
COVID -19 : Impact Analysis @ https://www.futuremarketinsights.com/covid19/rep-gb-11187
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