The global Oscillating Positive Expiratory Pressure (OPEP) Devices Market was worth US$ 135.9 Million in 2022 and is expected to reach US$ 195.2 Million by the year 2029 at a CAGR of 5.3% between 2022 and 2029.
With lung diseases such as COPD, asthma witnessing a spike throughout, the global oscillating positive expiratory pressure (OPEP) devices market is likely to grow on an impertinent note going forward. OPEP devices are being used to clear mucus from airways. They thus help in relaxation of walls of lungs, thereby rendering breathing easy. Cystic fibrosis is another factor accelerating the OPEP devices market.
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At the same time, the fact that there is a lack of awareness regarding OPEP devices along with limited availability of products can’t be ignored. This factor could restrain the OPEP devices market going forward. As of now, developed economies have a better access to these devices through online platforms as well as stores. The under-developed economies are bound to struggle herein.
Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Oscillating Positive Expiratory Pressure (OPEP) Devices market’. It has its team of analysts and consultants to look through the bottom-up approach in its primary, secondary, and tertiary modes of research.
“With respiratory disorders at their peak, the global oscillating positive expiratory pressure (OPEP) devices market is bound to grow on an exorbitant note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Oscillating Positive Expiratory Pressure (OPEP) Devices Market
- North America holds the largest market share with Canada housing over 850K children aged 14 and below who have contracted asthma. This data was released by Asthma Canada in June 2021. Coming to the US, NCBI, in August 2022, published that yearly incidence of pneumonia is – 24.8 cases/10K adults, that too, with higher rates with increase in age.
- Europe is expected to grow on the back of the UK emphasizing enhanced treatment regarding respiratory disorders. This could be attributed to rate of those smoking tobacco is increasing exponentially.
- The Asia-Pacific is expected to grow at the fastest rate in the oscillating positive expiratory pressure (OPEP) devices market with Japan leading from the front. It is a known fact that geriatric population is more prone to ailments like asthma; and Japan is home to majority of aging population. India is expected to contribute to this growth with air pollution being rampant (which gives rise to various respiratory diseases).
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Competitive Devices
- Monaghan Medical Corporation, in May 2021, announced entering into agreement with Captis for driving process efficiencies with value-driven healthcare spending.
- AirPhysio, in January 2021, received approval from the US FDA.
- Smiths Medical, in April 2021, came up with acapella choice blue vibratory PEP therapy system. The basic objective is that of helping in the removal of secretions for those suffering from cystic fibrosis, COPD (chronic obstructive pulmonary disease), lung disease with secretory problems, patients with atelectasis, and asthma.
What does the Report Cover?
- The research study is based on product type (face mask PEP devices, mouthpiece PEP devices, and bottle PEP devices), indication (COPD, asthma, atelectasis, bronchitis, bronchiectasis, cystic fibrosis, and likewise), and distribution channel (hospital pharmacies, retail pharmacies, and online pharmacies).
- With rising incidences of chronic pulmonary diseases all across, the global oscillating positive expiratory pressure (OPEP) devices market is expected to grow on a good note in the near future.
Oscillating Positive Expiratory Pressure (OPEP) Devices Market by Category
By Product Type:
- Face Mask PEP Devices
- Mouthpiece PEP Devices
- Bottle PEP Devices
By Indication:
- COPD
- Asthma
- Atelectasis
- Bronchitis
- Bronchiectasis
- Cystic Fibrosis
- Others
Decoding the research: Uncovering the assumptions made in the study. Ask to Expert now @ https://www.futuremarketinsights.com/ask-question/rep-gb-3397
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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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 8-years.
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