South and Central America Continuous Positive Airway Pressure (CPAP) Devices Market is expected to reach US$ 410.05 Mn in 2027

Published Date: 17 Nov 2020

Report : South and Central America Continuous Positive Airway Pressure (CPAP) Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type (Automatic, Manual); End User (Emergency Health Departments, Hospitals), and Country

Hospitals segment by end user is estimated to lead the market growth during the forecast period

According to The Insight Partners market research study of “South & Central America Continuous Positive Airway Pressure (CPAP) Devices Market Forecast to 2027 - COVID-19 Impact and Analysis by Type and End User,” the South & Central America continuous positive airway pressure (CPAP) devices is projected to reach US$ 410.05 million by 2027 from US$ 238.30 million in 2019. The market is estimated to grow at CAGR of 7.1% from 2020 to 2027. The report highlights trends prevailing in the South & Central America continuous positive airway pressure (CPAP) devices market and the factors driving market along with those that act as hindrances.

Based on end user, the South & Central America continuous positive airway pressure (CPAP) devices market is further segmented into hospitals and emergency health departments. The hospitals 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. Hospital provides solutions to people through complicated but specialized scientific equipment and team of trained staff educated in the problems of modern medical science. They are all coordinated together for the common goal of restoring and maintain good health. Hospitals serve a significant role by providing extensive range of medical services to the patient population suffering from wide variety of diseases. Owing to above mentioned reason, hospital segment is expected to grow faster in forecasted period. Owing to the higher number of patients getting admitted to hospitals, the hospital segment is estimated to grow faster. Also, the rising incidences of sleep apnea cases are likely to demand the devices. Besides, hospitals offer various services and good quality treatment. Therefore, the number of patients visiting hospitals is higher.

South & Central America continuous positive airway pressure (CPAP) devices market is expected to grow owing to factors such growing CPAP adherence along with the increasing prevalence of respiratory disorders and product launches and technological advancements in CPAP devices market. However, the no medical coverage for CPAP therapy and associated high cost 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 South & Central America continuous positive airway pressure (CPAP) devices market.

The report segments in South & Central America continuous positive airway pressure (CPAP) devices market as follows:

By Product

  • Automatic
  • Manual

By End User

  • Hospital
  • Emergency Health Departments

By Country

  • South & Central America
    • Brazil
    • Argentina
    • Rest of South & Central America

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