Positive Airway Pressure Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Product Type (Continuous Positive Airway Pressure (CPAP) Devices, Automatic Positive Airway Pressure (APAP) Devices, and Bilevel Positive Airway Pressure (BiPAP) Devices), and Geography.

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: <4.6 %

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Market Overview

The positive airway pressure (PAP) market studied was anticipated to grow with a CAGR of nearly 4.6%, during the forecast period. The major factors attributing to the growth of the market are due to a rise in the global prevalence of sleep disorders such as sleep apnea owing to the rise in the sedentary lifestyle, physical inactivity, and poor dietary habits resultant increased obese population which was identified as the most common causative factor of sleep disorders. For instance, according to the World Health Organization report, in 2016, about 650 million adults and 41 million children aged under five years were obese worldwide, leading to a rise in sleep apnea driving the market. Also, increased awareness of sleep apnea and risk factors such as cardiovascular indications and high blood pressure are expected to fuel the PAP market throughout the forecast period.

Scope of the Report

Positive airway pressure therapy is a generic term applied to all sleep apnea treatments, which involves the use of a PAP device with a nose mask to supply a stream of compressed air to support the airway during sleep. These PAP devices gently blow the pressurized room air through the airway to keep it open, clean, and also to regulate the output pressure by maintaining uninterrupted airflow with several advantages fueling the market.

By Product
Continuous Positive Airway Pressure (CPAP) Devices
Automatic Positive Airway Pressure (APAP) Devices
Bilevel Positive Airway Pressure (BiPAP) Devices
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Continuous Positive Airway Pressure Devices are Expected to Hold the Largest Market Share in the Positive Airway Pressure Market

Continuous positive airway pressure (CPAP) devices attribute the largest share in the market owing to the factors such as it was used as a first-line PAP therapy to treat various sleep disorders. The massive demand for the CPAP devices is due to their proven efficiency in many sleep apnea patients in multiple cases such as airway blockages by controlling the air pressure with the help of a pump in the device to open up the blocked airways. Furthermore, the increased preference of CPAP devices by the patients due to various advantages such as increased energy levels, improved mood, mental alertness, and quality of sleep increasing their demand contributing to the rise in the adoption of these systems fueling the growth of the market over the forecast period.

World Population Ageing

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the global PAP market throughout the forecast period. The dominance is due to factors such as the rising prevalence of diabetes, high blood pressure, obesity, obstructive sleep apnea (OSA), and pulmonary disorders, such as dyspnea in the United States, which is to higher demand for the PAP devices. For instance, according to reports published by the American Academy of Sleep Medicine (AASM) in 2018, about 29.4 million US citizens have OSA. Still, only 20% of them were diagnosed with the treatment, which drives the market growth in the forecast period. Also, increased affordability with a rise in disposable income, presence of the aging population, rise in high levels of air pollution, and technological advancements in the region contributes to its outstanding share in the global market revenue during the forecast period.

Mordor Intelligence

Competitive Landscape

The continuous positive airway pressure therapy market is moderately competitive and consists of several major players. In terms of market revenue, few of the prominent players currently dominating the market are vigorously making acquisitions with the other companies to their market positions across the globe and while others are launching new products. For example, in March 2019, ResMed consolidated its leading role in Korea’s CPAP and respiratory care market by acquiring HB Healthcare (HBH) to Help Millions of South Koreans Living with Sleep Apnea, chronic obstructive pulmonary disease (COPD) and other respiratory conditions contributing to the market growth. Some of the companies which are currently dominating the market are Koninklijke Philips NV, ResMed Inc., Smiths Group PLC, 3B Medical Inc., and Apex Medical Corp.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Geriatric Population and Rise in Global Healthcare Expenditure, along with Growth in Disposable Income

      2. 4.2.2 Rise in Global Prevalence of Sleep Disorders

      3. 4.2.3 Advancement in Technologies

    3. 4.3 Market Restraints

      1. 4.3.1 Complications Associated with the Use of these Devices in Patients with Diseases, like Bullous Lung Disease and Severe Nosebleeds

      2. 4.3.2 High Cost of Positive Airway Pressure Devices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Continuous Positive Airway Pressure (CPAP) Devices

      2. 5.1.2 Automatic Positive Airway Pressure (APAP) Devices

      3. 5.1.3 Bilevel Positive Airway Pressure (BiPAP) Devices

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle-East and Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle-East and Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Koninklijke Philips NV

      2. 6.1.2 Apex Medical Corp.

      3. 6.1.3 Compumedics Limited

      4. 6.1.4 3B Medical Inc.

      5. 6.1.5 Medical Depot Inc.

      6. 6.1.6 ResMed Inc.

      7. 6.1.7 Smiths Group PLC

      8. 6.1.8 Fisher & Paykel Healthcare Limited

      9. 6.1.9 Lowenstein Medical UK Ltd

      10. 6.1.10 Vyaire Medical Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Positive Airway Pressure Market market is studied from 2018 - 2026.

The Positive Airway Pressure Market is growing at a CAGR of <4.6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

ResMed Inc, Smiths Group Plc, 3B Medical Inc, Apex Medical Corp, Koninklijke Philips N.V. are the major companies operating in Positive Airway Pressure Market.

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