Positive Airway Pressure Devices Market 2024: Technological Advances and Global Adoption Trends

"The Business Research Company recently released a comprehensive report on the Global Positive Airway Pressure Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The positive airway pressure devices market size has grown rapidly in recent years. It will grow from $3.94 billion in 2023 to $4.37 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to demand for sleep apnea and respiratory therapy, growth in aging population and chronic diseases, expansion in home healthcare solutions, use in neonatal and pediatric care, regulatory standards for medical devices..

The positive airway pressure devices market size is expected to see rapid growth in the next few years. It will grow to $6.72 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to personalized and patient-centric airway pressure devices, growth in telemedicine and remote monitoring, customized devices for specific respiratory conditions, expansion of telehealth and virtual sleep clinics, increased use in sports and performance sleep.. Major trends in the forecast period include ai and machine learning in sleep disorder management, regulatory compliance in airway pressure device safety, portable and travel-friendly pap solutions, pediatric and infant-specific pap devices, wearable pap technology for continuous monitoring..

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Market Drivers and Trends:

The increase in geriatric population is expected to contribute to the growth of the positive airway pressure (PAP) devices market in the forecast period. The geriatric population is more prone to sleep apnea diseases. The higher prevalence of obstructive sleep apnea (OSA) is related to the decrease in the size of the upper airway lumen because of increasing age. For instance, in June 2021, according to the UK Parliament's House of Commons Library, a UK-based information resource, by 2043, there will be a rise in the senior population in the UK, which will make up 24% of the total population (17.4 million people). Thus, the rising geriatric population as the existence of apnea is more prevalent in the geriatric population, and this is likely to drive the market.

Major companies are operating in the positive airway pressure devices market are innovating new technological products such as AirSense 11 PAP Series to increase their profitability in the market. The AirSense 11 PAP Series is a line of positive airway pressure (PAP) devices. For instance, in August 2021, ResMed Inc., a US-based medical devices company launched AirSense 11 PAP Series. The purpose of the AirSense 11 PAP Series is to treat sleep apnea with PAP devices. To make therapy setup and nightly usage easier for patients, they have a number of features such an integrated humidifier, AutoRamp technology, and an intuitive touchscreen. Three distinct models-AutoSet, CPAP, and Elite-are part of the AirSense 11 series. These extremely flexible PAPs let you vary between APAP and CPAP therapy according on your needs. Thus, companies operating in the market are continuously focusing on introducing new technologies to survive in the positive airway pressure devices market.

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Major Key Players of the Market:

ResMed Corporation, Royal Philips N.V., 3B Medical Corporation, Fisher & Paykel Healthcare Corporation Limited, Drive DeVilbiss Healthcare Inc., Somnetics International Corporation, Heyer-Schulte Medical Corp., Genstar Technologies LLC, BMC Medical Inc., Apex Medical Corporation, Armstrong Medical Industries Inc., Curative Medical Corporation, Compumedics Corporation Limited, CareFusion Corporation, Mercury Medical Inc., Khayat Medical Industries S.A.R.L, Vyaire Medical Inc., Teijin Limited, Medtronic plc, Servona AG, Medical Depot Corporation, Weinmann Emergency Medical Technology GmbH & Co. KG, Beijing Dehaier Medical Technology Co. Ltd., Breas Medical AB, Cadwell Industries Corporation, General Electric Healthcare, Hamilton Medical AG, Invacare Corporation, Medline Industries Inc., Nihon Kohden Corporation, Oventus Medical Limited, SomnoMed Limited

Positive Airway Pressure Devices Market 2024 Key Insights:

• The positive airway pressure devices market size is expected to see rapid growth in the next few years. It will grow to $6.72 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%.
• Geriatric Population Growth Fuels Positive Airway Pressure (PAP) Device Market Due To Increased Prevalence Of Sleep Apnea
• Innovative Product Launches Transform The Positive Airway Pressure (PAP) Devices Market
• North America was the largest region in the positive airway pressure devices market in 2023

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