Continuous Positive Airway Pressure (CPAP) Devices Market Trends Report by Size, Share of Top Key Players and Forecast to 2030
Continuous Positive Airway Pressure Devices Market Highlights
The demand for CPAC devices is growing rapidly across the world owing to a huge growth in patient population with obesity, respiratory diseases, and sleep apnea. These devices are used to provide assistance to the patients having obstructive sleep apnea (OSA) or sleep apnea in breathing. They are also used as a preventive and support device for patients with other diseases, such as acute asthma, congestive heart failure, cardiogenic pulmonary edema, cystic fibrosis, and chronic lung disease (CLD). Furthermore, the invention of new technology, increasing awareness, growing investment in research and development have boosted the CPAC devices market globally. However, high cost associated with CAPC devices may restrain the market growth.
The global Continuous Positive Airway Pressure (CPAP) Devices Market trends points that the industry is expected to grow at a CAGR of 7.20% and market value is expected to significant growth USD 4.25 billion over the forecast period (2023-2030).
Regional Analysis
Geographically, global CPAC devices market is segmented into America, Europe, Asia Pacific and the Middle East & Africa.
The Americas command the largest CPAC devices market due to the presence of a well-developed healthcare sector, large patient population, high health care spending, increased research & development activities and the concentration of major companies.
Europe holds the second position in the global CPAC devices market owing to the rising patient population with acute asthma, and congestive heart failure. Furthermore, government support for research & development and availability of funds for research have fuelled the market to the great extent.
Asia Pacific is the fastest growing CPAC devices market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, the governments of this region looking forward to getting advanced treatment in order to improve the quality of life of their citizen.
On the other hand, in the Middle East and Africa holds the lowest market for CPAC devices due to lack of technical knowledge and poor medical facilities.
Segmentation
Global Continuous Positive Airway Pressure (CPAP) Devices Market share is segmented on the basis of product type, features, automation, and end user. On the basis of the product type, it is segmented into CPAP motors, CPAP hoses, CPAP mask, and others. On the basis of the features, it is segmented into the humidifier, portability, heated tubing, and others. On the basis of the automation, it is segmented into manual and automatic. On the basis of the end user, it is segmented into hospitals, private clinics, home care, and others.
Key Players
Some of key the players in the market are Medtronic (U.S.), Koninklijke Philips N.V. (the Netherlands), 3B Medical, Inc. (U.S.), Armstrong Medical Inc. (U.S.), ResMed (U.S.), Smiths Medical (U.S.), Apex Medical Corp. (Taiwan), Fisher & Phillips LLP (U.S.), Cardinal Health (U.S.) Beijing Dehaier Medical Technology Co., Ltd. (China), DeVilbiss Healthcare LLC (US), Invacare Corporation (US).
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