Global continuous positive airway pressure (CPAP) devices market is expected to grow at a CAGR of 7.1% during the forecast period 2017-2027. Continuous positive airway pressure therapy is most widely recognized treatment for obstructive Sleep Apnea that utilizes continuous mild air pressure. These devices are utilized to keep the airways open during sleep and furthermore to control the yield pressure keeping the airflow pressure constant.
High prevalence of sleep disorders, growing awareness of sleep apnea & related comorbid conditions such as high blood pressure, & obesity have led to increased demand for continuous positive airway pressure devices. Similarly, advances in technology such as use of oxygen devices, improved mask design and oral appliances are expected to provide support and propel the growth of the global continuous positive airway pressure market.
Recently, FDA clears World’s Smallest CPAP, ResMed AirMini™, expected to boost CPAP market growth. Portable AirMini offers ease-of-use and comfort for travelers and additional revenue opportunities for home medical equipment providers.
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ResMed announced that the U.S. Food and Drug Administration has cleared ResMed’s AirMini, the world’s smallest continuous positive airway pressure (CPAP) device. ResMed’s tiny yet fully-featured AirMini, is designed as a secondary CPAP, making it easier for people to continue their sleep apnea therapy while traveling. As an addition to ResMed’s industry-leading Air Solutions portfolio, the AirMini offers multiple benefits to home medical equipment providers supporting increased therapy compliance & convenience for their patients, & incremental revenue opportunities. ResMed AirMini is the portable travel CPAP patients and home medical equipment providers have been waiting for, and company look forward to bringing it to market. It fits easily in carry-on luggage even in the seatback pocket on the plane & delivers all the best-in-class comfort features patients need to get the best sleep.
Continuous Positive Airway Pressure Devices Market – Key players
Some of key the players in the market are Medtronic (U.S.), Koninklijke Philips N.V. (the Netherlands), 3B Medical, Inc. (U.S.), Armstrong Medical Inc. (U.S.), ResMed (U.S.), Smiths Medical (U.S.), Apex Medical Corp. (Taiwan), Fisher & Phillips LLP (U.S.), Cardinal Health (U.S.) Beijing Dehaier Medical Technology Co., Ltd. (China), DeVilbiss Healthcare LLC (US), and Invacare Corporation (US).
Geographical Overview:
The Americas hold the largest share of the global market owing to increasing incidence of obesity, unhealthy diet, and physical inactivity. According to the updated report by the Centers for Disease Control and Prevention (CDC) in 2017, a total number of adults diagnosed with chronic bronchitis in the past year was 9.3 million. The report further adds that around 3.8% of the total adult population in the U.S. diagnosed with chronic bronchitis, in 2016. Presence of well-developed technology, high health care spending, increased R&D activities, and the concentration of major companies have fuelled the growth of the market in this region.
Europe holds the second position followed by the Asia Pacific in the global CPAP devices market owing to the rising patient population diagnosed with respiratory diseases. Furthermore, the government support for research & development and availability of funds for research are likely to fuel the CPAP devices market growth over the forecast period.
Asia Pacific is the fastest growing CPAP devices market owing to unhealthy diet and associated lifestyle changes. Moreover, the increased presence of rapidly developing healthcare technology, high healthcare expenditure, R&D activities, and the concentration of major companies are fuelling the growth of the market in this region. Increasing demand for new treatment methods in countries like India and South Korea is likely to emerge as the fastest growing market across the globe.
On the other hand, the Middle East and Africa account for the lowest share of the global market owing to lack of technical knowledge and poor medical facilities.
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Segmentations:
- Global Continuous Positive Airway Pressure Devices Market is segmented on the basis of product type, features, automation, and end user
- On the basis of the product type, it is segmented into CPAP motors, CPAP hoses, CPAP mask, and others.
- On the basis of the features, it is segmented into the humidifier, portability, heated tubing, and others.
- On the basis of the automation, it is segmented into manual and automatic.
- On the basis of the end user, it is segmented into hospitals, private clinics, home care, and others.
TOC of Continuous Positive Airway Pressure Devices Market:
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
6. Global Continuous Positive Airway Pressure (CPAP) Devices Market, By Product Type
CONTINUED TOC…!
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