The global positive airway pressure devices market size is anticipated to reach USD 2.7 billion by 2025, expanding at a CAGR of 7.0%, according to a new report by Grand View Research, Inc. An increase in the patient pool suffering from Obstructive Sleep Apnea (OSA) is one of the key factors anticipated to drive the market growth. Furthermore, an increase in the compliance rate of positive airways pressure (PAP) machines due to growing awareness for sleep apnea and its associated disorders is likely to drive growth over the forecast period. However, the availability of alternative treatment options such as nasal surgery, uvulopalatopharyngoplasty (UPPP), and mandibular maxillomandibular advancement surgery and the on-going clinical trials for the development of sleep apnea medications are some of the major challenges to the market growth.
In 2018, the CPAP device dominated the market, with a revenue of USD 1.3 billion. The penetration of CPAP is increasing owing to improved patient outcomes and favorable reimbursement policies across various countries. Moreover, the launch of portable travel-friendly CPAP machines has also influenced the growth of this segment. On the other hand, the BiPAP device is expected to exhibit the fastest growth rate over the forecast period, owing to its higher efficiency compared to other PAP devices.
North America dominated the market in 2018, with a revenue share of 47.4%, owing to the presence of a large patient pool in the region. Furthermore, the presence of major players and increasing awareness related to OSA and its consequences are some of the secondary factors driving the growth in this region. Moreover, the region is anticipated to grow at the fastest rate over the forecast period, due to high healthcare expenditure and availability of medical insurance coverage in the region.
Find Out More And Download Your Copy Here: https://www.grandviewresearch.com/industry-analysis/positive-airway-pressure-devices-market/request/rs1
Further key findings from the report suggest:
- The global PAP Devices market is anticipated to be USD 2.7 billion by 2025, owing to the high prevalence of OSA
- CPAP devices accounted for a major share in 2018 with a revenue of USD 1.3 billion, owing to the increasing awareness about sleep apnea related treatments among patients
- North America dominated the market in 2018, owing to the availability of favorable reimbursement policies for PAP devices in the region
- Some of the key players are Koninklijke Philips N.V. (Philips Respironics); Curative Medical; ResMed; Fisher and Paykel Healthcare Limited; and Drive DeVilbiss Healthcare, Inc.
Request to Customization for This Report @ https://www.grandviewresearch.com/request-for-customization/6864/rfc
Grand View Research has segmented the global PAP devices market based on product type and region:
PAP Devices Product Type Outlook (Revenue, USD Million, 2014 – 2025)
Browse Related Reports
Portable X-Ray and CT Scan Devices Market Analysis By Product (X-Ray Devices, Mobile X-Ray Devices, Handheld X-Ray Devices, CT Scan Devices), By Technology (X-Ray Devices, Analog, Computed Radiography, Digital Radiography, CT Scan Devices, Low Slice Scanners, Medium Slice Scanners, High Slice Scanners) And Segment Forecasts To 2020
Transcatheter Heart Valve Market Analysis By Application (Transcatheter Aortic Valve, Transcatheter Pulmonary Valve, Transcatheter Mitral Valve), By Technology (Balloon Expanded Transcatheter Valve, Self-Expanded Transcatheter Valve), And Segment Forecasts To 2024
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
Country: United States