Continuous Positive Airway Pressure Devices Market : Current Analysis and Forecast (2022-2030)
Emphasis on Component (CPAP Mask, CPAP Humidifier, and Others); Application (Sleep Apnea and COPD); End-User (Hospitals & Clinics, Home Care, and Others); and Region/Country
The continuous positive airway pressure devices market was valued at USD 2233.85 million in the year 2022 and is expected to grow at a strong CAGR of around 6.4% during the forecast period owing to the growing obstructive sleep apnea (OSA) cases in the geriatric population and the rising awareness for OSA or other respiratory diseases. Continuous positive airway pressure (CPAP) is a type of positive airway pressure ventilation in which a steady pressure larger than atmospheric pressure is continuously applied to a person’s upper respiratory tract. The growth of the CPAP market is attributed due to several factors such as the rising prevalence of diabetes, high blood pressure, obesity, obstructive sleep apnea (OSA), and pulmonary disorders, such as dyspnea globally, which is to higher demand for CPAP devices. For instance, according to the Centers for Disease Control and Prevention’s Behavioral Risk Factors Surveillance System (BFRSS) 2019, the adult obesity percentage in the United States was 42.4%. This was the first time the national average surpassed 40%. The growing prevalence of obesity increases the demand for sleep apnea, thereby driving the market for continuous positive airway pressure market. Also, increased affordability with a rise in disposable income, an aging population, a surge in high levels of air pollution, and technological advancements in the region contribute to its outstanding share in the global market revenue during the forecast period.
Some of the major players operating in the market include BMC; ResMed; Fisher & Paykel Healthcare Limited; Drive DeVilbiss Healthcare; Shanghai Fosun Pharmaceutical（Group）Co., Ltd.; Smiths Group plc; Airing; Koninklijke Philips N.V.; Honeywell International Inc.; and Transcend, Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst component, the smart appliances segment held a dominating share of the market in 2022”
Based on component, the market is segmented into CPAP masks, CPAP humidifiers, and others. Among them, the CPAP masks category is expected to grow at the fastest rate during the forecast period. CPAP masks are a critical component of the CPAP device that directly interfaces with the patient. The availability of a wide range of mask options, including nasal masks, full-face masks, and nasal pillows, caters to the diverse needs and preferences of individuals using CPAP therapy. Comfortable and well-fitting masks enhance patient compliance and satisfaction, leading to increased usage and improved therapy outcomes. Manufacturers that invest in research and development to innovate mask designs, improve seal performance, reduce noise levels, and enhance user comfort will have a competitive edge in the market. For instance, In April 2022, Fisher & Paykel Healthcare launched the F&P Evora Full in the US, a compact full-face mask for OSA.
“Amongst end-user, the home care category dominated the market in 2022”
Based on end-user, the market is segmented into hospitals & clinics, home care, and others. Among them, the home care category dominated the market in 2022. This is mainly due to the players in the market concentrating on launching new, portable devices that can be used at home among those undergoing treatment for the condition. This, along with a growing preference for treating OSA at home, is driving up demand for these devices in-home care and other settings, particularly in countries like the U.S., the U.K., Germany, and Japan, among others.
“APAC region is expected to grow significantly in the coming years”
The continuous positive airway pressure devices CDMO market in the APAC region is expected to grow significantly in the coming years due to several drivers such as the increasing diagnosis of sleep disorders & respiratory diseases, and technological advancements, such as improved device usability, quieter operation, and enhanced data tracking, contribute to the expanding market by enhancing patient comfort and compliance. Furthermore, there are several major players in the market for continuous positive airway pressure therapy, which is moderately competitive. In terms of revenue, some of the most prominent players in the market are aggressively making acquisitions and others are introducing new products. For instance, ResMed helped millions of South Koreans with sleep apnea, chronic obstructive pulmonary disease (COPD), and other respiratory conditions by acquiring HB Healthcare (HBH) in March 2019 to strengthen its leadership position in the CPAP and respiratory care market in Korea.
Continuous Positive Airway Pressure Devices Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global continuous positive airway pressure devices market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Continuous Positive Airway Pressure Devices Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global continuous positive airway pressure devices market were the three major steps undertaken to create and analyze the adoption of smart homes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global continuous positive airway pressure devices Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Continuous Positive Airway Pressure Devices Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the continuous positive airway pressure devices market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Continuous Positive Airway Pressure Devices Market. Further, we conducted factor analysis using dependent and independent variables such as component, application, and end-user of the Continuous Positive Airway Pressure Devices Market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Continuous Positive Airway Pressure Devices Market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Continuous Positive Airway Pressure Devices Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Continuous Positive Airway Pressure Devices Market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Continuous Positive Airway Pressure Devices Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Continuous Positive Airway Pressure Devices Market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the component, application, and end-user in the global Continuous Positive Airway Pressure Devices Market.
The main objective of the Global Continuous Positive Airway Pressure Devices Market Study
The current & future market trends of the global Continuous Positive Airway Pressure Devices Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Continuous Positive Airway Pressure Devices Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the component, application, and end-user
- Define and analysis of the regulatory framework for the smart home industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Continuous Positive Airway Pressure Devices Market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Continuous Positive Airway Pressure Devices Market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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