Continuous Positive Airway Pressure Devices Market To Grow With Double Digit CAGR During the Forecast Period
Dynamic investments in the research are driving the growth in Global Continuous Positive Airway Pressure (CPAP) Devices Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Continuous Positive Airway Pressure (CPAP) Devices Market By Product Type (CPAP Masks, CPAP Humidifier, CPAP Motors, Others), By Type (Manual v/s Automatic), By End User (Hospitals & Clinics, Ambulatory Care Centers, Others), By Region, Competition Forecast & Opportunities, 2026”, the global continuous positive airway pressure (CPAP) devices market is projected to grow at an impressive CAGR in the forecast period, 2022-2026. The market attributes responsible for the growth of the market are rapid increase in respiratory disorders among the patients suffering from heart or lung failures. Moreover, the environmental conditions, toxins present in the air due to increased industrialization and urbanization is driving the market growth. Furthermore, the population is actively involved in the unhealthy lifestyle and habits such smoking, drinking alcohol and other toxins. Also, the unhealthy eating habits and rising number of patients suffering from obesity is expected to drive the demand in the global continuous positive airway pressure devices market in the upcoming five years.
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The global continuous positive airway pressure devices market is segmented by product type, type, end user, competitive landscape, and regional distribution. Based on type, the market is further divided into manual and automatic continuous positive airway pressure devices. Automatic continuous positive airway pressure devices are anticipated to hold the largest share of the market and dominate the market segment in the next five years. The market attributes responsible for the growth can be acknowledged as the advantage of the sensitive algorithm this device comes with. This technically advanced algorithm allows the machine to detect the inhalation process of the patient that they require for the sufficient flow of oxygen. Moreover, these automatic continuous positive airway pressure devices are often compared with the continuous/ constant positive airway pressure devices due to their capabilities and efficiency toward its functional prospect. The wide pressure range of these devices can be applicable for all sorts of patients dealing with different kind of respiratory disorders. The advantage of broad range of pressure this device eliminates the process required for the titration night that is done for the maintenance of the device that is carried out in other kind of devices (manual devices). This efficiency and advances allow a consistent flow of the demand for automatic devices in the market thereby supporting the growth of the global continuous positive airway pressure devices market in the next five years.
Based on end users, the market is further bifurcated into hospitals & clinics, ambulatory care centers, and others. Hospitals & clinics are anticipated to hold the largest market shares due to the surge in number of patients being provided the aid at the same time. Moreover, the financial expenses over these medical devices are not much feasible for the single user to own the device at home. Although, with the rising disposable income some of the patients do prefer it at home along with the patients in the prolonged homecare may put a requirement for the devices.
Holding the majority of the revenue shares a partial list of the market players includes Koninklijke Philips NV, ResMed, Inc., Invacare Corporation, Medtronic Plc., GE Healthcare, Smith’s Group plc, Draegerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, Drive DeVilbiss Healthcare Ltd, Hamilton Medical AG, among others. Strategic alliances between the key market players and the small players in the newly emerging markets of the smaller economies like India and the increasing geriatric population are expected to drive the growth of the global continuous positive airway pressure devices market in the next five years. Technological advancements in the medical devices are also major growth driving factors of the market. Consistent research and development in the medical devices are allowing efficient and effective treatments for the patients suffering with the chronic disorders.
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“North America and South America regions are promising regions for the growth of the market in the upcoming five years. Increasing instances of obesity, unhealthy diet and physical inactivity along with the choice of unhealthy lifestyle is driving the growth of the market in these regions. Moreover, the United States and Canada are some countries where healthcare industry is well established, and facilities are well known for their efficiency. Increased expenses on the healthcare industry, increased research and development of the medical devices with the technological advances and presence of major market players in the region are expected to support the growth of the market. Asia Pacific might experience the fastest growing market due to unhealthy diet and associated lifestyle. Although the healthcare industry in the region is rapidly developing and government aid towards the research and management of healthcare expenses through insurance plans are anticipated to grow the market rapidly in the future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Continuous Positive Airway Pressure (CPAP) Devices Market By Product Type (CPAP Masks, CPAP Humidifier, CPAP Motors, Others), By Type (Manual v/s Automatic), By End User (Hospitals & Clinics, Ambulatory Care Centers, Others), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global continuous positive airway pressure (CPAP) devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global continuous positive airway pressure (CPAP) devices market.
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