The global positive airway pressure (PAP) devices market is US$ 2,332.14 Mn in 2018 and is predicted to grow at a CAGR of 8.3% during the forecast period 2019 – 2027, to reach US$ 4,731.03 Mn by 2027.
Asia Pacific is the fastest growing geographic market and is expected to be the significant revenue contributor in forecast period. The region is expected to be the fastest growing due to the key factors such as prevalence of sleep apnea diseases, presence of supportive government initiatives, like Japanese Circulation Society, Chinese Sleep Research Society to create awareness regarding sleep apnea disorders in the region. Moreover, rising activities such as product launches, approvals, and collaborations by international players in China, Japan and India. Therefore, owing to the above factors, the region has huge potential for the positive airway pressure (PAP) devices market to grow during the forecast period.
Lucrative Regional Positive Airway Pressure (PAP) Devices Markets
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Market Insights
Increased Prevalence of Sleep Apnea
Obstructive sleep apnea (OSA) is the frequent partial and complete airway obstructions that occur while sleeping. The severity of the disease is calculated with an apnea-hypopnea index (AHI); it is the mean number of apneas and hypopneas during per hour of sleep. In recent years, the prevalence of obstructive sleep apnea (OSA) has been increasing, which eventually affects the health, safety, and economic conditions. The OSA is related to health concerns which include cardiovascular disease and metabolic disorders in the long run.
According to data published by ResMed in 2018, the prevalence of sleep apnea affects above 936 million people globally. The estimate is almost ten times more than the previously performed studies. Earlier, according to the World Health Organization (WHO), in 2007, above 100 million people were suffering from OSA. The prevalence of OSA is growing in the population due to unhealthy lifestyle. The anticipated prevalence of sleep-disordered disorders has grown in adults. The rising prevalence of OSA eventually contributes in the demand for sleep apnea devices. These are likely to expand the market in the forecast period.
Rising Geriatric Population
The elderly population is more prone to the sleep apnea diseases. Moreover, the existence of apnea is more prevalent in the geriatric population due to other diseases associated with apnea are present in more number in these groups. The higher prevalence of OSA is related to the decrease in the size of the upper airway lumen because of increasing age factor. For instance, according to the report of UN, in 2012, the number of older persons (aged 60 years or over) is expected to more than double, from 841 million people in 2013 to reach above 2 billion in 2050. Another factor responsible for older people that makes them prone to sleep apnea disease is the age-related rise in arousal frequency. According to a study of National Center for Biotechnology Information (NCBI), in 2016, the prevalence of sleep-disordered breathing (SDB) in the elderly population varies from 20% to 40%, and the prevalence is estimated to be higher in the growing age populations. These are likely to grow the market in the coming years.
Product Insights
The global positive airway pressure (PAP) devices market by product was led by continuous positive airway pressure (CPAP) devices segment. In 2018, the CPAP devices segment held the largest share of the market, by product. However, the APAP devices segment is also expected to witness growth in its demand at a fastest CAGR of 9.9% during 2019 to 2027 owing to its advantages such as providing a range of air pressure to meet the patient’s particular changing breathing needs for the night. It is made with low pressure setting and a high pressure setting.
Positive Airway Pressure (PAP) Devices Market, by Product
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Positive Airway Pressure (PAP) Devices Market: Strategic Insights
Market Size Value in US$ 2,332.14 Million in 2018 Market Size Value by US$ 4,731.03 Million by 2027 Growth rate CAGR of 8.3% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
Akshay
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Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Positive Airway Pressure (PAP) Devices Market: Strategic Insights
Market Size Value in | US$ 2,332.14 Million in 2018 |
Market Size Value by | US$ 4,731.03 Million by 2027 |
Growth rate | CAGR of 8.3% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
Akshay
Have a question?
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystThere have been various developments made in the positive airway pressure (PAP) devices market during recent years. However, growth strategies such as approvals, collaborations, and partnerships have been witnessed in the market of positive airway pressure (PAP) devices. For instance, in March 2019, ResMed completed the acquisition of HB Healthcare (HBH) to help millions of South Koreans living with sleep apnea, chronic obstructive pulmonary disease (COPD) and other respiratory conditions. Also, during May 2017, Fisher & Paykel introduced New F&P SleepStyle CPAP Device designed to use in the diagnosis and treatment of sleep specialists and obstructive sleep apnea or OSA patients.
POSITIVE AIRWAY PRESSURE (PAP) DEVICES – MARKET SEGMENTATION
BY PRODUCT
- Automatic Positive Airway Pressure (APAP) Devices
- Continuous Positive Airway Pressure (CPAP) Devices
- Bilevel Positive Airway Pressure (BiPAP) Devices
BY END USER
- Sleep Laboratories & Hospitals
- Home Care/Individuals
BY GEOGRAPHY
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Spain
- Italy
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
South and Central America
- Brazil
- Argentina
COMPANY PROFILES
COMPANY PROFILES
- Smiths Medical
- Koninklijke Philips N.V.
- Devilbiss Healthcare LLC
- Compumedics Limited
- VYAIRE
- 3B Medical, Inc.
- ResMed
- Fisher & Paykel Healthcare Limited
- Löwenstein Medical UK Ltd.
- APEX MEDICAL CORP.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Devices ; End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Smiths Medical
- Koninklijke Philips N.V.
- Devilbiss Healthcare LLC
- Compumedics Limited
- VYAIRE
- 3B Medical, Inc.
- ResMed
- Fisher & Paykel Healthcare Limited
- Löwenstein Medical UK Ltd.
- APEX MEDICAL CORP.
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