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The positive airway pressure devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

Read More On The Positive Airway Pressure Devices Market Report 2022 – https://www.thebusinessresearchcompany.com/report/positive-airway-pressure-devices-global-market-report

The Positive Airway Pressure Devices Market Size In 2022 And Forecast

The global positive airway pressure devices market is expected to grow from $2.18 million in 2021 to $2.43 billion in 2022 at a compound annual growth rate (CAGR) of 7.71%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The positive airway pressure devices market is expected to reach $3.31 million in 2026 at a CAGR of 8.62%.

The positive airway pressure devices market consists of sales of positive airway pressure devices by entities (organisations, sole traders, and partnerships) that manufacture positive airway pressure (PAP) devices that are used to trap air under pressure into the airway of the lungs.

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Increase In The Geriatric Population Is Driving The Growth Of The Positive Airway Pressure Devices Market

According to the UN World Ageing Population 2020 report, there were 727 million persons aged 65 years or over in 2020, accounting for 9.3% of the total population. It is estimated that the ageing population will reach over 1.5 billion, accounting for 16% in 2050. Thus, the rising geriatric population as the existence of apnea is more prevalent in the geriatric population, and this is likely to drive the market.

Competitive Landscape And The Regional Analysis Of The Positive Airway Pressure Devices Market

Major players in the positive airway pressure devices market are ResMed Inc., Koninklijke Philips N.V.,3B Medical Inc., Fisher & Paykel Healthcare Limited Drive DeVilbiss Healthcare LLC, Somnetics International Inc., Heyer Medical, Genstar Technologies, BMC Medical, Apex Medical, Armstrong Medical, Curative Medical, Compumedics Limited, CareFusion Corporation (Becton Dickinson and Company), Mercury Medical (Mercury Enterprises Inc.), and Khayat Medical.

The Positive Airway Pressure Devices Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the positive airway pressure devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the positive airway pressure devices market.

Portable Positive Airway Pressure Devices – A Key Trend In The Positive Airway Pressure Devices Market

Positive airway pressure device manufacturing companies are increasingly investing in portable and easy-to-use continuous positive airway pressure devices to provide effective and fast breathing support.

Positive Airway Pressure Devices Market Segmentation By The Business Research Company

1) Product Type: Continuous Positive Airway Pressure (CPAP), Auto-titrating Positive Airway Pressure (APAP), BiLevel Positive Airway Pressure (BiPAP)

2) By Application: Sleep Apnea, COPD, Others

3) By End-user: Hospitals & Sleep Labs, Home Care Settings, Others

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