Positive Airway Pressure Devices Market Forecast 2023-2032: Size, Key Players And Segments
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest positive airway pressure devices market share in 2022.
The global positive airway pressure devices market size will grow from $3.51 billion in 2022 to $3.83 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The positive airway pressure devices market size is expected to grow to $5.53 billion in 2027 at a CAGR of 9.6%.
Major Driver In The Positive Airway Pressure Devices Market – Increase In Geriatric Population
According to the United Nations World Ageing Population 2020 estimate, there will be 727 million people aged 65 and up in 2020, accounting for 9.3% of the total population. It is anticipated that by 2050, the elderly population will number over 1.5 billion, accounting for 16% of the total population. Thus, the rising senior population is projected to drive the market, as apnea is more prevalent in the geriatric population.
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Key Positive Airway Pressure Devices Market Segments
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, Other Applications
3) By End-user: Hospitals & Sleep Labs, Home Care Settings, Other End-users
Recent Positive Airway Pressure Devices Market Trend – Portable Positive Airway Pressure Devices
Transcend Inc., a US-based business specializing in portable CPAP technology, for example, will debut Transcend Micro in September 2022. Transcend Micro is the smallest and lightest portable continuous positive airway pressure (CPAP) device. Transcend Micro, which weighs less than a pound and is less than four inches long, is designed to make it easier for people who suffer from obstructive sleep apnea to continue their treatment at home or while traveling.
Positive Airway Pressure Devices Market Prominent Players
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.
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The Positive Airway Pressure Devices Global Market Report 2023 provides a comprehensive overview on the positive airway pressure devices market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Positive airway pressure devices are devices that force air into the lungs. Obstructive sleep apnea (OSA) is treated with these devices.
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