Positive Airway Pressure (PAP) Devices Market (Covid-19) Impact and Analysis by 2027 | Smiths Medical, Koninklijke Philips N.V., Devilbiss Healthcare, Compumedics Limited, VYAIRE, 3B Medical,ResMed, Fisher & Paykel Healthcare Limited, Löwenstein Medical

The Insight Partners analysts forecasts the latest report on “Positive Airway Pressure (PAP) Devices Market (Covid-19) Impact and Analysis by 2027”, according to report; The Positive Airway Pressure (PAP) Devices Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Positive Airway Pressure (PAP) Devices Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Positive Airway Pressure (PAP) Devices Market.

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The global positive airway pressure (PAP) devices market is US$ 2,332.14 Mn in 2018 and is predicted to grow at a CAGR of 8.3% during the forecast period 2019 – 2027, to reach US$ 4,731.03 Mn by 2027.

Some of the Major Market Players Are:

Smiths Medical
Koninklijke Philips N.V.
Devilbiss Healthcare LLC
Compumedics Limited
VYAIRE
3B Medical, Inc.
ResMed
Fisher & Paykel Healthcare Limited
Löwenstein Medical UK Ltd.
APEX MEDICAL CORP.

Market Insights

Increased Prevalence of Sleep Apnea
Obstructive sleep apnea (OSA) is the frequent partial and complete airway obstructions that occur while sleeping. The severity of the disease is calculated with an apnea-hypopnea index (AHI); it is the mean number of apneas and hypopneas during per hour of sleep. In recent years, the prevalence of obstructive sleep apnea (OSA) has been increasing, which eventually affects the health, safety, and economic conditions. The OSA is related to health concerns which include cardiovascular disease and metabolic disorders in the long run.

According to data published by ResMed in 2018, the prevalence of sleep apnea affects above 936 million people globally. The estimate is almost ten times more than the previously performed studies. Earlier, according to the World Health Organization (WHO), in 2007, above 100 million people were suffering from OSA. The prevalence of OSA is growing in the population due to unhealthy lifestyle. The anticipated prevalence of sleep-disordered disorders has grown in adults. The rising prevalence of OSA eventually contributes in the demand for sleep apnea devices. These are likely to expand the market in the forecast period.

Rising Geriatric Population

The elderly population is more prone to the sleep apnea diseases. Moreover, the existence of apnea is more prevalent in the geriatric population due to other diseases associated with apnea are present in more number in these groups. The higher prevalence of OSA is related to the decrease in the size of the upper airway lumen because of increasing age factor. For instance, according to the report of UN, in 2012, the number of older persons (aged 60 years or over) is expected to more than double, from 841 million people in 2013 to reach above 2 billion in 2050. Another factor responsible for older people that makes them prone to sleep apnea disease is the age-related rise in arousal frequency. According to a study of National Center for Biotechnology Information (NCBI), in 2016, the prevalence of sleep-disordered breathing (SDB) in the elderly population varies from 20% to 40%, and the prevalence is estimated to be higher in the growing age populations. These are likely to grow the market in the coming years.

Product Insights

The global positive airway pressure (PAP) devices market by product was led by continuous positive airway pressure (CPAP) devices segment. In 2018, the CPAP devices segment held the largest share of the market, by product. However, the APAP devices segment is also expected to witness growth in its demand at a fastest CAGR of 9.9% during 2019 to 2027 owing to its advantages such as providing a range of air pressure to meet the patient’s particular changing breathing needs for the night. It is made with low pressure setting and a high pressure setting.

Strategic Insights

There have been various developments made in the positive airway pressure (PAP) devices market during recent years. However, growth strategies such as approvals, collaborations, and partnerships have been witnessed in the market of positive airway pressure (PAP) devices. For instance, in March 2019, ResMed completed the acquisition of HB Healthcare (HBH) to help millions of South Koreans living with sleep apnea, chronic obstructive pulmonary disease (COPD) and other respiratory conditions. Also, during May 2017, Fisher & Paykel introduced New F&P SleepStyle CPAP Device designed to use in the diagnosis and treatment of sleep specialists and obstructive sleep apnea or OSA patients.

MARKET SEGMENTATION

BY PRODUCT

• Automatic Positive Airway Pressure (APAP) Devices
• Continuous Positive Airway Pressure (CPAP) Devices
• Bilevel Positive Airway Pressure (BiPAP) Devices

BY END USER

• Sleep Laboratories & Hospitals
• Home Care/Individuals

The report analyses factors affecting the Positive Airway Pressure (PAP) Devices Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Positive Airway Pressure (PAP) Devices Market in these regions.

Moreover, the report entails the estimate and analysis for the Positive Airway Pressure (PAP) Devices Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Positive Airway Pressure (PAP) Devices Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Positive Airway Pressure (PAP) Devices Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Positive Airway Pressure (PAP) Devices Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Positive Airway Pressure (PAP) Devices Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Positive Airway Pressure (PAP) Devices Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Positive Airway Pressure (PAP) Devices market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Positive Airway Pressure (PAP) Devices market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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