Positive Air Pressure Devices Market is poised to grow at a CAGR of 6.4% by 2032
The positive air pressure devices market is expected to enjoy a valuation of US$ 2.5 Billion by the end of the year 2022, and further expand at a CAGR rate of 6.4% to reach a valuation of ~US$ 4.7 Billion by the year 2032. The size of the global market for positive air pressure devices was US$ 2.3 billion in 2021, and by the end of 2022, it is anticipated to be worth US$ 2.5 billion. Aside from that, the global demand for positive air pressure devices is anticipated to increase at a CAGR of 6.4% between 2022 and 2032, achieving a market worth of US$ 4.7 billion by that year due to increased usage for treating medical diseases including sleep apnea and respiratory difficulties.
Global Positive Air Pressure Devices Market: Dynamics Influencing Growth
Favourable reimbursement coverage, increasing per capita healthcare expenditure, increasing prevalence of sleep disorders, rising awareness regarding the ill effects of untreated sleep apnea, increase in geriatric population, increase in obstructive sleep apnea, and increasing number of lifestyle diseases such as diabetes and obesity are favourable for the growth of the global positive air pressure devices market. However, alternative treatments for sleep apnea, lack of public awareness especially in the developing economies and pricing pressure are responsible restricting the growth of the global positive air pressure devices market.
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Global Positive Air Pressure Devices Market: Segmentation Snapshot
The global market for positive air pressure devices is segmented by product type, by application type, by end user and by region.
By product type, the continuous positive airway pressure devices (CPAP) segment is expected to be the largest, with an estimated market valuation of just under US$ 2.4 Bn by the end of the forecast period in 2027.
By application type, obstructive sleep apnea is the largest segment and is expected to reach a value of around US$ 2.2 Bn by the end of the year of assessment at a stellar growth rate during the forecast period. The respiratory failures segment is the fastest growing segment registering a CAGR of 7.4% and is anticipated to hold high potential in the coming years.
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By end user, hospitals have shown higher use of positive air pressure devices and this segment is estimated to be valued at about US$ 1,135 Mn by 2017 end. Home care settings segment is projected to be the fastest growing segment and is poised to reflect a CAGR of 8.8% and is the second largest segment in terms of value during the assessment period.
Among the regions, the positive air pressure devices market in Asia Pacific excluding Japan (APEJ) is poised to grow at the fastest rate to reach a noteworthy CAGR of 10.6% during the forecast period. By the end of 2027, Western Europe is expected to be the largest regional market in terms of valuation followed by North America.
Global Positive Air Pressure Devices Market: Competitive Assessment
The research report on the global air pressure devices market includes profiles of key players involved in the positive air pressure devices market. Company details such as company overview, key personnel, strategies, key financials, SWOT analysis, key developments, product portfolio analysis and geographical spread are mentioned in the report. Major players like ResMed Inc., Koninklijke Philips N.V., APEX MEDICAL CORP., Drive DeVilbiss Healthcare LLC, Medtronic, Inc., Fisher & Paykel Healthcare Limited, BMC Medical Co., Ltd., Khayat Medical, Servona GmbH, Somnetics International, Inc., 3B Medical, Inc., and Human Design Medical are profiled in this study.
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The global positive air pressure devices market research report covers all angles by including a robust segmentation of the entire market. This ensures no aspect is left behind and a more real picture of the market can be drawn.
By Product Type:
- Continuous Positive Airways Pressure Devices (CPAP)
- Bi-level Positive Airway Pressure (BiPAP)/Variable Positive Airway Pressure (VPAP)
- Automatic Positive Airway Pressure Devices (APAP)
By End User:
- Home Care Settings
By Application Type:
- Obstructive Sleep Apnea
- Respiratory Failures
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East and Africa (MEA)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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