According to The Insight Partners market research study of “Asia Pacific Continuous Positive Airway Pressure (CPAP) Devices Market Forecast to 2027 - COVID-19 Impact and Analysis by Type and End User,” the Asia Pacific continuous positive airway pressure (CPAP) devices is projected to reach US$ 837.58 million by 2027 from US$ 438.35 million in 2019. The market is estimated to grow at CAGR of 8.5% from 2020 to 2027. The report highlights trends prevailing in the Asia Pacific continuous positive airway pressure (CPAP) devices market and the factors driving market along with those that act as hindrances.
Based on type, the Asia Pacific continuous positive airway pressure (CPAP) devices market is further segmented into automatic and manual. The automatic segment held the larger share of the market in 2019 and is anticipated to register the highest CAGR in the market during the forecast period. Automatic or Auto CPAP are initially used for pressure titration. Automatic titrating (measuring and adjusting) continuous positive airway pressure is also known as APAP. Auto-CPAP is set within a high and low-pressure range for the purpose of varying inhalation needs. This range is predetermined by prescribing physician. Additionally, this technology has a sensitive algorithm that allows the machine to detect the inhalation pressure which patients need with each breath. Thus, owing to above mentioned reasons, the market for automatic continuous positive airway pressure (CPAP) devices is likely to experience a significant growth during the forecasted period.
Asia Pacific continuous positive airway pressure (CPAP) devices market is expected to grow owing to factors such growing respiratory disorders prevalence and growing geriatric population along with obesity rate. However, the high cost and associated negative effects of device is expected to restraint the growth of the market during the forecast years.
Koninklijke Philips N.V., Cardinal Health Inc, Smith’s Group plc, ResMed are among the leading companies operating in the Asia Pacific continuous positive airway pressure (CPAP) devices market.
The report segments in Asia Pacific continuous positive airway pressure (CPAP) devices market as follows:
- Automatic
- Manual
By End User
- Hospital
- Emergency Health Departments
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
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