Continuous positive airway pressure devices: Key market research findings
- Technological innovations of CPAP devices
- Increased demand for home testing devices
Technavio has added a new market research report on the global continuous positive airway pressure devices market, to its respiratory diseases portfolio. Technavio’s research analysts estimate the global continuous positive airway pressure (CPAP) devices market to grow at a CAGR of around 7% between 2016 and 2020. Increased use of home medical devices and the rising aging population are major factors propelling this market’s growth. The CPAP devices are used to keep the airways open during sleep and also to control the output pressure keeping the airflow pressure constant. The Americas dominate this market, occupying around 59% of the overall market share. The US is the largest revenue contributor in the region because of the increased diagnosis of sleep apnea in patients.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is currently witnessing various technological improvements in the CPAP devices as per the end-user requirements. Several advancements like lightweight interface masks with fewer accessories and soft sealing flanges, more adaptability to different facial geometry, and ease of use have increased the applications of these devices. Also, manufacturers are equipping these devices with IT data systems which improves sleep-disordered breathing in a cost effective manner,” says Imran Mushtaq, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
Increased adoption of home care therapies are driving the demand for CPAP devices. These therapies are aimed towards the patients’ convenience and to minimise the number of visits to hospitals. Home testing is considered to be less intrusive as it is done in the patient’s own bed in familiar surroundings, and are preferred among the home-bound, aged, populace who require specialized care. Also, these testing devices for sleep apnea are cost-effective compared with the cost of an in-lab sleep study.
The leading vendors in the global CPAP devices market are Fisher & Paykel Healthcare, Phillips Healthcare, and ResMed. The majority of the market is dominated by reputed international vendors while the remaining market is fragmented. The dominating vendors compete among each other based on factors such as product features, price and reliability. However, the emerging players are developing innovative devices to treat obstructive sleep apnea (OSA) and other sleep related respiratory conditions, which could pose a threat to major vendors in terms of revenue and sales.
A more detailed analysis is available in the Technavio report, Global Continuous Positive Airway Pressure Devices Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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