The global Positive Air Pressure Devices Market size was worth US$ 2.3 billion in 2021 and is predicted to be worth US$ 2.5 billion by the end of 2022. Furthermore, with increasing use for treating medical problems such as sleep apnea and respiratory failures, global demand for Positive Air Pressure Devices is expected to expand at a CAGR of 6.4% between 2022 and 2032, achieving a market worth of US$ 4.7 Billion by 2032.
The continuous positive airways pressure devices (CPAP) category dominated the worldwide Positive Air Pressure Devices market with a share of over 71.4% in 2021 and is expected to maintain its dominance throughout the forecast period.
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Global Positive Air Pressure Devices Market: Dynamics Influencing Growth
Favourable reimbursement coverage, increasing per capita healthcare expenditure, increasing prevalence of sleep disorders, rising awareness regarding the ill effects of untreated sleep apnea, increase in geriatric population, increase in obstructive sleep apnea, and increasing number of lifestyle diseases such as diabetes and obesity are favourable for the growth of the global Positive Air Pressure Devices market. However, alternative treatments for sleep apnea, lack of public awareness especially in the developing economies and pricing pressure are responsible restricting the growth of the global Positive Air Pressure Devices market.
Global Positive Air Pressure Devices Market: Segmentation Snapshot
- According to FMI, the United States will continue to dominate the global Positive Air Pressure Devices market during the projected period, with a market share of approximately 24.8% in 2022.
- Germany is predicted to have an 8.1% market share in the worldwide Positive Air Pressure Devices market in 2022 and to grow at a healthy rate over the next ten years.
- China will account for roughly 8.0% of the worldwide Positive Air Pressure Devices market in 2022, making it one of East Asia’s top marketplaces.
- According to FMI, continuous positive airway pressure devices (CPAP) will continue to dominate the worldwide positive airway pressure devices market, accounting for 70.7% of the market in 2022.
- According to FMI, the obstructive sleep apnea sector is predicted to lead the global Positive Air Pressure Devices market with a revenue share of roughly 64.5% in 2022, with a 5.9% growth rate during the forecast period.
- In terms of end users, the hospital segment will have the largest market share of 57.9% in 2022.
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Global Positive Air Pressure Devices Market: Competitive Assessment
The total market for positive air pressure device manufacture is very fragmented, with multiple players. Leading organisations are employing strategic tactics such as mergers and acquisitions, partnerships and collaborations, and new product releases to match consumer demand and expand their client base.
The following are examples of significant development strategies used by industry companies in the Positive Air Pressure Devices market:
- Medigroba GmbH, a Balingen-based home healthcare supplier, was sold to Löwenstein Medical GmbH & Co. in April 2021, according to SHS Gesellschaft für Beteiligungsmanagement mbH, a Tübing-based healthcare investor.
- Breas and Dräger announced a distribution collaboration in January 2021, providing Long-term acute care hospitals and skilled nursing facilities with access to inexpensive, all-inclusive ventilation solutions designed to improve patient care, including greater staff morale.
Key Players
- 3B Medical, Inc
- Hamilton Medical AG
- BMC Medical Co. Ltd
- Breas Medical AB
- Compumedics Limited
- Drive DeVilbiss Healthcare
- Elmaslar Group
- Fisher & Paykel Healthcare Corporation Limited
- Hebei Topson Medical Technology Co., Ltd.
- Others
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Key Market Segments Covered in Positive Air Pressure Devices Market Research
By Product:
- Continuous Positive Airways Pressure Devices (CPAP)
- Bi-level Positive Airway Pressure (BiPAP)/ Variable Positive Airway Pressure (VPAP)
- Automatic Positive Airway Pressure Devices (APAP)
By Application:
- Obstructive sleep apnea
- Respiratory failures
- Others
By End User:
- Hospitals
- Clinics
- Sleep Centers
- Home care settings
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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