Industry Background:
Positive Airway Pressure Devices are used for common treatment for obstructive sleep apnea. These devices are used to keep the airways open while sleeping and control the output pressure by keeping the airflow pressure unbroken. The Positive Airway Pressure Devices market has high growth prospects due to the growing awareness of sleep apnea and related comorbid conditions such as obesity and high blood pressure. As per the Centre for Disease Control and Prevention, it is estimated that over 340 million people suffer from sleeping apnea. Additionally, technological advancements such as improved mask design and oral appliances contribute to market expansion. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for sleep apnea medication.
According to AMA, the market for Positive Airway Pressure Devices is expected to register a CAGR of 8.6% during the forecast period to 2026. This growth is primarily driven by Rising Prevalence of Sleeping Apnea, Growing Geriatric Population Leads to Boost the Market and Upsurge Demand for Mental Alertness and Improves Mood.
Globally, a noticeable market trend is evident Increasing Demand from Asia-Pacific Regions
. The Medical Devices sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Koninklijke Philips N.V. (Philips Respironics) (Netherlands), Curative Medical (United States), ResMed (United States), Fisher and Paykel Healthcare Limited (New Zealand), Drive DeVilbiss Healthcare Inc. (United States), Somnetics International, Inc (United States) and SomnoMed (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
“According to U.S. Food and Drug Administration (FDA), it classifies that the positive airway pressure (PAP) delivery system, moving it from Class III into Class II. PAP delivery systems continue to be for prescription use only. It also defines medical devices based on the risks associated with the device and by evaluating the amount of regulation that provides a reasonable assurance of the device’s safety and effectiveness. Class I devices generally pose the lowest risk to the patient, and Class III devices pose the highest risk.”
Market Drivers
- Rising Prevalence of Sleeping Apnea
- Growing Geriatric Population Leads to Boost the Market
- Upsurge Demand for Mental Alertness and Improves Mood
Market Trend
- Increasing Demand from Asia-Pacific Regions
- Value-Oriented Customers
Restraints
- High Cost Associated with CPAP Machines
- Long Waiting Periods and Complex Referral Pathways
Opportunities
Technological Advancements in Sleeping Apnea Devices Such are CPAP, BiPAP and Others and Increasing Awareness among Citizens on Obstructive Sleeping Apnea and its Treatments
Challenges
Adverse Impact Due to High Health Expenditure and Absence of Patients Compliance Hamper the Market Growth
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Positive Airway Pressure Devices Study Sheds Light on
The Positive Airway Pressure Devices Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Positive Airway Pressure Devices industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Positive Airway Pressure Devices industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.