Global Positive Airway Pressure Devices Market 2016-2020

This market research study identifies ResMed, Philips Healthcare, Fisher and Paykel Healthcare, and 3B Medical as some of the leading vendors in the global positive airway pressure devices market. A comprehensive analysis of this market is also presented by product (equipment and accessories), by end-user (hospitals and private clinics and home care), and geography (Americas, APAC, and EMEA).

Overview of the positive airway pressure devices industry analysis

According to the market research analysts at Technavio, the global positive airway pressure devices market is anticipated to witness impressive growth and will post a tremendous CAGR of more than 8% over the forecast period. In recent years, there have been significant technological advancements that have led to the miniaturization of devices, which is one of the major factors driving this market’s growth. Advances in technology and innovations in the healthcare industry have resulted in the development of equipment with cutting-edge technology, customized as per the needs of the patient. For instance, Airing has introduced a micro-CPAP device that does not need masks, cords, or hoses. This device is quite small in size and is operated by battery. Such products are expected to impact the market in the coming years significantly.

One of the recent trends spurring the growth of this market is the improvement in mask fits. Several vendors have developed compact, lightweight masks that deliver effortless performance, visual freedom, and comfort to the users, for example, ResMed introduced 'AirFit P10 for Her' masks that are custom-made for women. Moreover, the new masks have heated humidification that improves compliance and satisfaction among users. The wide range of masks available is likely to fuel the market growth over the next four years.

Competitive landscape and key vendors

The global positive airway pressure devices market is characterized by the presence of several well-established global and regional vendors like Fisher, Philips Healthcare, and ResMed. The key vendors are focusing on the development and commercialization of multiple tests to meet evolving consumer needs.

 Key vendors in this market are 

• ResMed
• Philips Healthcare
• Fisher and Paykel Healthcare
• 3B Medical

Other prominent vendors in the market include Apex Medical, Armstrong Medical, BMC Medical, Bremed, Curative Medical, DeVilbiss Healthcare, Heyer Medical, and Genstar Technologies.

Product segmentation and analysis of the positive airway pressure devices market

• Equipment
• Accessories

During 2015, the equipment segment accounted for the majority of market shares and is expected to continue its dominance over the forecast period. The market has evolved considerably in developed countries and has a tremendous opportunity to grow in the emerging economies. With the vendors increasingly focussing on developing easy to use, portable, and compact interfaces in this equipment, this product segment is likely to have a positive outlook by the end of 2020. In addition, the market is primarily driven by the older adult population and increased prevalence of respiratory diseases globally.

Geographical segmentation and analysis of the positive airway pressure devices market

• Americas
• APAC
• EMEA

In terms of geography, the Americas is the highest revenue contributing region and will continue to lead the market over the next four years. The increasing adoption of PAP devices in hospitals and home care is one of the major factors driving this market’s growth in the region. Also, advances in technology, the availability of reimbursements, and increasing awareness of respiratory diseases have also contributed to the growth of this market in the US.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?

• What are the key factors driving the global positive airway pressure devices market?
• What are the key market trends impacting the growth of the global positive airway pressure devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global positive airway pressure devices market?
• What are the market opportunities and threats faced by the vendors in the global positive airway pressure devices market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global positive airway pressure devices market?

Technavio also offers customization on reports based on specific client requirement.

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