Global Positive Airway Pressure Markets 2022-2027 with Koninklijke Philips, ResMed, Smiths Group, 3B Medical, and Apex Medical Dominating - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Positive Airway Pressure Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The positive airway pressure (PAP) market studied was anticipated to grow with a CAGR of nearly 4.6%, during the forecast period.

The COVID-19 pandemic turned the spotlight on continuous positive airway pressure, since there is an increasing demand for positive airway pressure (PAP) by sleep apnea patients, adherence to PAP was significantly increased during the COVID-19 lockdown. According to the article published in the European Respiratory Journal 2020, a 4.48% increase in PAP adherence during the first month of lockdown (15 March 2020 to 15 April 2020) compared to the same time period in 2019.

The major factors attributing to the growth of the market are due to a rise in the global prevalence of sleep disorders such as sleep apnea owing to the rise in the sedentary lifestyle, physical inactivity, and poor dietary habits resultant increased obesity population which was identified as the most common causative factor of sleep disorders. For instance, according to the World Health Organization report 2021, in 2020, more than 2 billion adults, 18 years and older, were overweight. Of these, over 650 million were obese leading to a rise in sleep apnea driving the market.

Additionally, Increasing global prevalence of sleep apnea expected to boost the market over the forecast period. according to the article published in the Lancet Respiratory Medicine 2020, by Adam V. Benjafield, Globally, 936 million adults aged 30-69 have mild to severe obstructive sleep apnoea (OSA) and 425 million adults aged 30-69 have moderate to severe OSA, according to estimates. Similarly, it is believed that 50 to 60 percent of obese persons and patients with the metabolic syndrome (MS) suffer from OSA. thus growing prevalence of sleep apnea expected drive the market growth for positive airway pressure market.

Also, increased awareness of sleep apnea and risk factors such as cardiovascular indications and high blood pressure are expected to fuel the PAP market throughout the forecast period.

Key Market Trends

Continuous Positive Airway Pressure Devices are Expected to Hold the Largest Market Share in the Positive Airway Pressure Market

Continuous positive airway pressure (CPAP) is a type of positive airway pressure ventilation in which a steady pressure larger than atmospheric pressure is applied to a person's upper respiratory tract on a continuous basis. Continuous positive airway pressure (CPAP) devices attribute the largest share in the market owing to the factors such as it was used as a first-line PAP therapy to treat various sleep disorders.

Additionally, there are many developments that are taking place that include product launches and approvals, partnerships, collaborations, mergers and acquisitions that can boost the market for positive airway pressure market.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the global PAP market throughout the forecast period. The dominance is due to factors such as the rising prevalence of diabetes, high blood pressure, obesity, obstructive sleep apnea (OSA), and pulmonary disorders, such as dyspnea in the United States, which is to higher demand for the PAP devices.

For instance, according to reports published by the National Institute of Medicine in 2020, in the United States, OSA prevalence has been estimated to be as high as 14% of men and 5% of women by 2020. Hispanic, Black, and Asian populations have higher rates. which drives the market growth in the forecast period.

Additionally, 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 is 42.4 %, marking the first time the national average has surpassed 40% and adding to proof of the country's obesity issue. the growing prevalence of obesity rise in the demand for sleep apnea thereby driving the market for positive airway pressure market in the region.

Also, increased affordability with a rise in disposable income, the presence of an aging population, a rise 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.

Competitive Landscape

The continuous positive airway pressure therapy market is moderately competitive and consists of several major players.

Some of the companies which are currently dominating the market are Koninklijke Philips NV, ResMed Inc., Smiths Group PLC, 3B Medical Inc., and Apex Medical Corp.

For more information about this report visit https://www.researchandmarkets.com/r/wqv89q