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

The Business Research Company’s positive airway pressure devices market report forecasts the positive airway pressure devices market size to grow to $5.53 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

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Positive Airway Pressure Devices Market Size Forecast
The global positive airway pressure devices market is expected to grow from $3.51 billion in 2022 to $3.83 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. 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, causing inflation across goods and services and affecting many markets across the globe. The positive airway pressure devices market size is expected to grow to $5.53 billion in 2027 at a CAGR of 9.6%.

North America held the largest positive airway pressure devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Positive Airway Pressure Devices Market Driver ­– Increase In Geriatric Population
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.

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Key Positive Airway Pressure Devices Market Trend – Adopting Portable Positive Airway Pressure Devices
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. For instance, in September 2022, Transcend Inc., a US-based company specialising in portable CPAP technology, launched Transcend Micro. Transcend Micro is a portable continuous positive airway pressure (CPAP) device that is both the smallest and lightest. Transcend Micro, which weighs less than a pound and is less than four inches long, is made to make it easier for those who experience obstructive sleep apnea to continue their sleep apnea therapy at home or while travelling.

Positive Airway Pressure Devices Market Segment
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

Positive Airway Pressure Devices Market Major Players and Strategies
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.

In March 2022, Owens & Minor, Inc., a US-based healthcare solutions company, acquired Apria, Inc for $1.6 billion. The acquisition created the most comprehensive selections of ancillary goods to serve people with both chronic and non-chronic ailments and an extensive paradigm for product supply and distribution. Apria, Inc is a US-based company providing integrated home healthcare equipment and related services, including continuous positive airway pressure.

The Positive Airway Pressure Devices Global Market Report 2023 covers regional data on positive airway pressure devices market size, positive airway pressure devices market trends and drivers, opportunities, strategies, and positive airway pressure devices market competitor 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 pump air under pressure into the lungs. These devices are used to treat obstructive sleep apnea (OSA).

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