CPAP devices market is likely to grow substantially by 2022. Major factors such as rising awareness about and use of home medical devices, growing rate of geriatric population, and increasing occurrences of comorbid conditions can propel the market over the forecast period (2017 to 2022).
The commonness of sleep disorders is one of the key driving factors for the market. Continuous positive airway pressure (CPAP) therapy is the most common approach for handling obstructive sleep apnea (OSA), which practices nonstop mild air pressure. These devices are highly utilized for keeping airways open during sleep and to keep airflow pressure constant to control output pressure. Numerous people are suffering from OSA. Therefore, growing awareness of sleep apnea and related comorbid conditions like high blood pressure, hypertension, and obesity have increased the demand for CPAP devices.
In addition, technological advancements such as better mask design, use of oxygen devices, and oral appliances are expected to support CPAP users. CPAP devices can be utilized in all age groups, are easy to use, and are cost effective. They aid preterm babies in maintaining a constant positive air pressure. Moreover, increasing use of home care therapies is boosting the demand for CPAP devices since these devices are intended for maintaining patients’ comfort and convenience. These devices can also reduce the number of visits to a hospital. Home care therapies are suitable for the aged as they are done in a patient’s own settings.
ResMed, a provider of connected care, recently introduced a CPAP device AirMini, which is one of the smallest CPAP machines available. It comprises a built-in humidification system for patient’s comfort. This device is useful for people suffering from sleep apnea. It is portable and ideal for travelling.
Geographically, the CPAP devices market can be divided into North America, Europe, Southeast Asia, China, India, and Japan. North America is considered to be one of the largest markets due to increasing occurrence of comorbidities. Other factors such as favorable government regulations for controlling these diseases, existence of advanced healthcare facilities, and introduction of portable and technologically advanced products can also drive the market in this region. Southeast Asia is expected to exhibit rapid growth over the forecast period due to rising awareness among consumers and increasing expenditure on public and private healthcare for the establishment of sleep testing labs in this region.
Top companies operating in the CPAP devices market include Philips Healthcare, Fisher & Paychex, Cardinal Health, BMC Medical, and Armstrong Medical. Most of the market is dominated by reputed international manufacturers. Companies are competing with each other on the basis of various factors such as price, features, and reliability of product. At present, the CPAP devices market is observing numerous technological developments as per end-user requirements. These advancements include lightweight interface marks with less accessories as well as soft sealing flanges and more flexibility for dissimilar facial geometry. In addition, manufacturers are focusing on integration of these devices with IT data systems, which can significantly help improve breathing.
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