According to the latest market research study released by Technavio, the global positive airway pressure devices market is expected to grow at a CAGR of around 8% during the forecast period, 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecast for various market segments and all geographical regions.
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Technavio research analysts categorize the global positive airway pressure devices market based on technology:
Global positive airway pressure devices market share by technology 2015
|
BiPAP device |
53.10% |
|
APAP device |
28.78% |
|
CPAP device |
18.12% |
Source: Technavio
The top three revenue contributing technology segments are discussed below:
Global CPAP devices market
During 2015, CPAP devices accounted for more than 18% of the overall market revenue. CPAP devices find application in the treatment of sleep apnea. The launch of micro-CPAP devices is expected to propel the growth of this segment during the forecast period. The growth of the global market for CPAP devices over the next four years will be fueled by the high prevalence of sleep disorders. The projected increase in the demand for CPAP devices is anticipated to be spurred by increasing awareness of sleep apnea and obesity-associated comorbid conditions such as high blood pressure.
“Advanced technology has resulted in the development of improvised oxygen devices and improved mask designs. Such advances make it possible to provide enhanced support to CPAP device users. Technological advancements are also paving the way to the miniaturization of CPAP devices, and will subsequently result in the elimination of traditional devices from the global market. Airing, a prominent vendor in this market, has developed the world’s first micro-CPAP device which does not require a mask, cord, or a hose. The micro-CPAP device is revolutionary in terms of design and can successfully abolish the need for a mask,” says Barath Palada, a lead analyst at Technavio for orthopedics and general medical devices.
Global BiPAP devices market
A BiPAP device is used to adjust positive airway pressure during inspiration and expiration and is technologically more advanced when compared with CPAP devices. The BiPAP device segment accounted for the largest share of the global positive airway pressure devices market during 2015 with a market share of around 53%. BiPAP devices are priced around the same range and are available across the globe. Local vendors, especially in APAC, offer BiPAP devices at lower prices than branded products, which leads to price wars among vendors and raw materials suppliers. The improved efficacy of BiPAP devices, as opposed to its alternatives, is the key driver for its increased adoption in the global positive airway pressure devices market.
Global APAP devices market
APAP devices find application in ICUs, CCUs, operating rooms, and emergency rooms of hospitals. During 2015, the global APAP devices market accounted for almost 29% of the overall market and is expected to showcase steady growth during the forecast period. APAP devices are more technologically advanced when compared with BiPAP and CPAP devices. An APAP device constantly monitors a user’s breathing and automatically adjusts to the pressure required. These devices have a complex algorithm that detects the user’s breath to prevent sleep apnea and are ideal for individuals who change their sleep position frequently through the night. These devices are also best suited for home sleep tests (HSTs) and can help avoid expensive lab tests. APAP devices are best suited for the long-term treatment of sleep apnea, and hence, are likely to be in high demand over the next few years.
The top leading vendors operating in the global positive airway pressure devices market are:
- ResMed
- Philips Healthcare
- Fisher and Paykel Healthcare
- 3B Medical
The other prominent vendors in the market include Apex Medical, Armstrong Medical, BMC Medical, Bremed, Curative Medical, DeVilbiss Healthcare, Heyer Medical, and Genstar Technologies.
A more detailed analysis is available in the Technavio report titled, ‘Global Positive Airway Pressure Devices Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Anesthesia Breathing Circuits Market 2016-2020
- Global Continuous Positive Airway Pressure Devices Market 2016-2020
- Global Self-care Medical Devices Market 2016-2020
- Global Sleep Apnea Diagnostic and Therapeutic Devices Market 2015-2019
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