A new market research report by Future Market Insights (FMI) has revealed that the global positive air pressure devices market is on a robust growth trajectory. Valued at USD 2.3 billion in 2021, the market is expected to reach USD 2.5 billion by the end of 2022, with projections indicating it will surpass USD 4.7 billion by 2032. This represents a compound annual growth rate (CAGR) of 6.4% from 2022 to 2032.
Positive air pressure devices, which include Continuous Positive Airway Pressure (CPAP) devices and mechanical ventilators, are increasingly being adopted worldwide. Their effectiveness in treating medical conditions such as sleep apnea and respiratory failures has contributed to this trend. Notably, the CPAP devices segment held a dominant market share of approximately 71.4% in 2021, a trend expected to continue throughout the forecast period.
Key drivers behind this market growth include:
- Advancements in Medical Technology: Continuous innovation in medical devices enhances efficacy and patient compliance.
- Increasing Prevalence of Sleep Disorders: The rising incidence of sleep apnea and other sleep disorders fuels demand for CPAP devices.
- Rising Awareness of Therapy Benefits: Growing awareness of the benefits associated with positive air pressure therapy is leading to higher adoption rates.
- Increase in Respiratory Conditions: A surge in respiratory illnesses and a growing geriatric population further amplify the demand for these devices.
As healthcare systems globally prioritize improved patient outcomes, the adoption of positive air pressure devices is anticipated to increase significantly. This presents substantial opportunities for manufacturers and stakeholders in the market.
“Continued growth in the positive air pressure devices market is a reflection of the increasing focus on respiratory health and patient-centered care,” said FMI. “As we see advancements in technology and increased awareness of treatment options, we expect to see an upward trend in the adoption of these essential medical devices.”
Key findings from the report include:
- The global positive air pressure devices market is expected to achieve a valuation of USD 2.5 Billion by the end of 2022.
- The market is projected to witness a CAGR of 6.4% during the forecast period 2022-2032, surpassing a valuation of USD 4.7 Billion by 2032.
- Continuous positive airways pressure (CPAP) devices are anticipated to maintain their dominance in the market throughout the forecast period.
- Technological advancements and improvements in battery life are driving the adoption of mechanical ventilators.
Soaring Demand for Market Information: Uncover Detailed Trends and Insights in Our Report!
Key Companies Profiled:
- 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.
- Kare Medical and Analytical Devices Ltd. Co
- Koninklijke Philips N.V
- Lowenstein Medical Technology GmbH.
- Narang Medical Limited.
- Somnetics International, Inc.
- Draegerwerk AG & Co. KGaA
- Apex Medical Corporation
- ResMed Inc.
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
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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