Positive Airway Pressure Devices Market Size, Share, And Trends Analysis Report By 2030
Positive Airway Pressure Devices Industry Overview
The global positive airway pressure devices market size was valued at USD 2.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The growing economic burden and challenges faced by the healthcare industry arising from the increasing prevalence of obstructive sleep apnea are driving the adoption of positive airway pressure (PAP) devices across the globe. According to the American Academy of Sleep Medicine estimates in 2016, the economic burden caused in the U.S. due to undiagnosed & untreated sleep apnea was approximately USD 149.6 billion, whereas, treated sleep apnea cases would benefit the U.S. and help save approximately USD 100 billion every year.
Obstructive sleep apnea is a respiratory disorder wherein, the patient faces irregular breathing patterns with reduced oxygen supply to the brain. According to Up-To-Date estimates on the global prevalence of obstructive sleep apnea published in June 2022, there are approximately 936 million people are suffering from mild to severe sleep apnea, and among these 425 million individuals in the age group of 30 to 69 years are suffering from moderate to severe sleep apnea. Rapid globalization, changing lifestyles, and unhealthy dietary habits are a few factors contributing to the prevalence of sleep apnea. In addition, growing obesity levels and lack of physical activities are driving the incidence rate of obstructive sleep apnea.
Gather more insights about the market drivers, restrains and growth of the Global Positive Airway Pressure Devices market
According to the WHO estimates in 2016, the global obesity prevalence was recorded to be approximately 2 billion adults, among which, 650 million adults are believed to be affected by obesity. Moreover, sleep apnea causes numerous comorbidities, such as hypertension, diabetes, cardiovascular diseases, and depression. The growing global geriatric population coupled with the lack of diagnosis of obstructive sleep apnea is driving the prevalence rate. Increasing life expectancy is supporting the surge in the prevalence of obstructive sleep apnea in the geriatric population.
According to the estimates published by the United Nations World Population Aging Report in 2019, the global geriatric population was approximately 703 million and is expected to double from 12% in 2015 to 22%in 2050, and obstructive sleep apnea is expected to affect around 13-32% of the global geriatric population in 2020. Various government institutes and agencies across the globe are undertaking initiatives to drive awareness levels toward available treatment options and promote the adoption of PAP devices. Manufacturers in the market are expanding their product portfolio and integrating advanced technologies into their existing solutions to achieve a better compliance rate and provide efficient results.
Market players are innovating comfortable & lightweight masks, softer material & smaller masks, and noise reduction features. Furthermore, advanced technologies being incorporated into products are focused on enhancing the overall efficiency of the PAP device and providing optimum clinical outcomes. Moreover, the rising patient compliance rate has directly supported the adoption of PAP devices and as per studies, 80% of the patients diagnosed with obstructive sleep apnea are treated using PAP devices. In addition, the availability and accessibility of favorable insurance coverages on adherence to the compliance standards of PAP therapy are driving the adoption of PAP therapies in patients.
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Positive Airway Pressure Devices Market Segmentation
Grand View Research has segmented the global positive airway pressure devices market based on Product type, application, end user, region:
Positive Airway Pressure Devices Product Type Outlook (Revenue, USD Million, 2017 - 2030)
- CPAP (Continuous Positive Airway Pressure)
- APAP (Automatic Positive Airway Pressure)
- BiPAP (Bi-level Positive Airway Pressure)
Positive Airway Pressure Devices Application Outlook (Revenue, USD Million, 2017 - 2030)
- Obstructive Sleep Apnea
- Respiratory Failures
- COPD
Positive Airway Pressure Devices End User Outlook (Revenue, USD Million, 2017 - 2030)
- Hospitals and Sleep Labs
- Home Care
Positive Airway Pressure Devices Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights:
- February 2021: Philips and Dutch SAZ group entered a strategic partnership to offer a complete suite of monitoring, observation, and self-management services to patients diagnosed with obstructive sleep apnea.
- March 2019: ResMed acquired South Korean-based HB Healthcare to provide PAP devices and treatment to patients diagnosed with obstructive sleep apnea and other respiratory ailments, such as Chronic Obstructive Pulmonary Disease (COPD).
Key Companies profiled:
Some of the key participants in the global positive airway pressure devices market are:
- Philips Respironics
- Fisher & Paykel Healthcare Ltd.
- Curative Medical Inc.
- ResMed
- Drive Devilbliss Healthcare Ltd.
- Medtronic, Inc.
- Servona GmbH
- Armstrong Medical
- Medical Depot Inc
- Smiths Group PLC
- Lowenstein Medical UK Ltd
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