What is CPAP Machines Market?
CPAP is known as continuous positive airway pressure. It is a treatment for obstructive sleep apnea. It is used by people who stop breathing while they are sleeping, a sleep disorder is known as Sleep apnea. The most effective therapy for obstructive sleep apnea is continuous positive airway pressure (CPAP). It provides various benefits such as Keep patient airways open while patient sleep, improve the quality of patient sleep, prevents high blood pressure and helps control user blood sugars, among others. A CPAP machine uses a hose and mask in order to deliver constant as well as steady air pressure. Rising prevalence of sleep apnea globally due to the increase of lifestyle diseases, various initiatives by market players, the government initiative to increase awareness regarding sleep apnea, and the various technological advancements are likely to drive the CPAP market in the upcoming years.
The market study is being classified by Type (Standard CPAP, Auto-Adjusting CPAP Machines, BiPAP Machines, Auto BiPAP and Travel CPAP), by Application (Residential, Hospital and Others) and major geographies with country level break-up.
ResMed (United States), Philips Respironics (Japan), Fisher & Paykel Healthcare Corporation Limited (New Zealand), Drive DeVilbiss Healthcare (United Kingdom), Apex Systems, Inc. (United States), Teijin Pharma (Japan), Covidien (Ireland), Koike Medical (Japan), Shanghai Fosun Pharmaceutical Co., Ltd., (China) and BMC Medical (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Beyond Medical (United States), Panthera Dental (Canada), Whole You (United States), Braebon Medical Corporation (Canada), BMC Medical Co., Ltd. (China), Lowenstein Medical UK Ltd. (United Kingdom), Compumedics USA (United States) and Oventus Medical Ltd (Australia).
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global CPAP market can witness an upsurge in the forecast period Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global CPAP Machines market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global CPAP Machines market by Type, Application and Region.
On the basis of geography, the market of CPAP Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Large Pool of Undiagnosed Sleep Apnea Patients
- Rising Awareness about the Ill Effects of Untreated Sleep Apnea
- Rise Use of Oral Appliances and Influx of Venture Capital Funding
Market Trend
- Technology Advancement in CPAP Machines
Restraints
- Complex Referral Pathways and Long Waiting Periods
Opportunities
- Rising Focus on Home Healthcare
- Growing Demand from Emerging Economics such as India, China, and others
Challenges
- Lack of Patient Compliance
- Issue related to Difficult in Obtaining a Tight Seal
In April 2019, the Royal Philips Company has launched DreamWisp products, which allows patients with sleep apnea to sleep in any position. Hence, it will benefit the increased product portfolio of the company. and In December 2017, the Motif Medical Company has launched CPAP Products, which provides obstructive sleep apnea. Therefore, this product launch will help in strengthening the position of the company.
Key Target Audience
Medical devices manufacturing companies, Medical devices suppliers and distributors, Diagnostic laboratories, Hospitals, Venture capitalists, Sleep laboratories and Business research and consulting service providers