Press release
Bold Growth Predictions for the Global Positive Airway Pressure Devices Market: Promising CAGR of 12.5% by 2029, Buoyed by Advancements in AI & Telehealth
Positive Airway Pressure Devices Market
Riding on the back of innovations in personalized airway pressure devices and telemedicine applications, the global positive airway pressure devices market is gearing up for significant growth.
What Is The Projected Market Size Of The Global Positive Airway Pressure Devices Market And Its Growth Rate?
The demand for positive airway pressure devices is growing globally, fanned by multiple market factors:
- The market was valued at $4.26 billion in 2024 and is predicted to reach $4.69 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.1%.
- Major themes driving the market include increasing demand for sleep apnea and respiratory therapy, aging population, and the expansion of home healthcare solutions.
- The market size is forecasted to soar to $7.51 billion in 2029 with a CAGR of 12.5%.
- Future market growth is expected to be driven by personalized and patient-centric airway pressure devices, burgeoning telemedicine and remote monitoring applications, specific devices for distinct respiratory conditions, and the expansion of telehealth.
What Is Driving The Growth In The Positive Airway Pressure Devices Market?
The growing geriatric population is a key driver for the positive airway pressure devices market, due to the higher prevalence of sleep apnea diseases among older adults. The higher incidence of obstructive sleep apnea is associated with the natural narrowing of the upper airway lumen with age. For instance, the Congressional Budget Office, a U.S.-based federal agency, estimates the total population for Social Security payroll taxes and benefits will rise from 342 million in 2024 to 383 million by 2054. This increase is significantly attributed to the growth in the 65+ age group, resulting in an overall aging population.
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Who Are the Key Players Driving Positive Airway Pressure Devices Market Growth?
Against the backdrop of the expanding market, several key players are making a mark:
- 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.
- Other significant names feature BMC Medical Inc., Apex Medical Corporation, Armstrong Medical Industries Inc., and Curative Medical Corporation.
What Are The Key Trends In The Positive Airway Pressure Devices Market?
The positive airway pressure devices sector is a hotbed of innovation:
- AI and machine learning are getting traction in sleep disorder management.
- Regulatory compliance is becoming a norm in device safety.
- Portable and travel-friendly PAP solutions are gaining popularity.
- PAP devices specific to pediatric and infants are being introduced.
- Wearable PAP technology for continuous monitoring is catching up.
What Are The Segments Of The Global Positive Airway Pressure Devices Market?
The market is broadly divided into these segments:
- Product Type: Continuous Positive Airway Pressure (CPAP), Auto-titrating Positive Airway Pressure (APAP), BiLevel Positive Airway Pressure (BiPAP)
- Application: Sleep Apnea, COPD, Other Applications
- End-user: Hospitals & Sleep Labs, Home Care Settings, Other End-users
Which Region Leads The Positive Airway Pressure Devices Market?
North America dominated the global positive airway pressure devices market in 2024. However, the Asia-Pacific region is expected to register the fastest growth in the forthcoming period.
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What Is Covered In The Positive Airway Pressure Devices Market Global Market Report?
- Market Size Analysis: Analysis of the positive airway pressure devices market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identification of various sub-segments within the market for effective categorization.
- Key Player Focus: Examination of key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Analysis of individual growth trends and future prospects in the market.
- Market Contribution: Evaluation of contributions of different segments to the overall market growth.
- Growth Drivers: Details of key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analysis of challenges and risks affecting the market.
- Competitive Developments: Analysis of competitive developments, such as expansions, agreements, and new product launches in the market.
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