Market Research Report
Positive Airway Pressure Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Positive Airway Pressure Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
Published: September 16, 2021
IMARC Services Private Limited
Content info: 144 Pages
Delivery time: 2-3 business days
The global positive airway pressure devices market grew at a CAGR of around 8% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Positive airway pressure (PAP) therapy is widely used in the treatment of obstructive sleep apnea (OSA) and snoring. It is also utilized in respiratory ventilation to improve the oxygenation of patients in intensive care units (ICUs). PAP devices include straps to position the mask, a hose or tube to connect the mask to a motor and an air filter to purify the air entering the nostrils. Nowadays, automatic PAP devices that rely on proprietary algorithms to adjust the pressure delivered noninvasively are gaining traction worldwide to treat OSA at home.
The growing prevalence of hypertension, depression, diabetes and heart disorders is increasing the risk of developing OSA among individuals. This, in confluence with the availability of favorable reimbursement policies, represents one of the key factors escalating the demand for PAP devices across the globe. Apart from this, the introduction of portable, travel-friendly PAP devices is also bolstering the growth of the market. Furthermore, the leading manufacturers are developing and introducing compact and convenient product variants with improved noise reduction features. They are also providing discount offers on various products available through online retail channels. Moreover, various studies conducted by healthcare institutes are suggesting that continuous PAP devices can treat type 1 respiratory failure in patients diagnosed with the coronavirus disease (COVID-19). This, along with a shortage in the supply of mechanical ventilators, is anticipated to influence the market positively.