Continuous Positive Airway Pressure (CPAP) Devices Market Size | 2031
The Continuous Positive Airway Pressure (CPAP) Devices Market size was estimated to be US$ 3.1 billion in 2022 and US$ XX billion in 2023 and is expected to reach US$ 6.2 billion by 2031; it is estimated to record a CAGR of 7.9% till 2031. Integration of CPAP devices with healthcare software such as EMR are likely to remain key Continuous Positive Airway Pressure (CPAP) Devices Market trends.
Continuous Positive Airway Pressure (CPAP) Devices Market Analysis
Increasing geriatric population, increasing home healthcare, increasing prevalence of sleep apnea, increasing surgical procedures, and increasing prevalence of respiratory diseases is driving the growth of the continuous positive airway pressure (CPAP) devices market. In addition, increase in FDA approval for emergency use of CPAP devices in management of respiratory diseases such as COVID-19 has fuelled the demand for CPAP devices.
Continuous Positive Airway Pressure (CPAP) Devices Market Overview
Continuous positive airway pressure devices also referred to as CPAP devices are used in hospital and emergency settings as an oxygen source to patients suffering from respiratory insufficiency. These devices also act as a mainstay for oxygen provision among patients undergoing heart failure treatment. These devices help to create an effective impact in care and treatment among patients with pulmonary edema, heart failure, COPD, and others.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Continuous Positive Airway Pressure (CPAP) Devices Market: Strategic Insights
Market Size Value in US$ 2,462.86 Million in 2019 Market Size Value by US$ 4,481.41 Million by 2027 Growth rate CAGR of 7.8% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
Mrinal
Have a question?
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Continuous Positive Airway Pressure (CPAP) Devices Market: Strategic Insights
| Market Size Value in | US$ 2,462.86 Million in 2019 |
| Market Size Value by | US$ 4,481.41 Million by 2027 |
| Growth rate | CAGR of 7.8% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
Mrinal
Have a question?
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Continuous Positive Airway Pressure (CPAP) Devices Market Drivers and Opportunities
Rising Prevalence of Chronic Obstructive Pulmonary Disease
The CPAP is used in a treatment of chronic obstructive respiratory diseases (COPD) cases as a replacement of respiratory device ventilator. CPAP device uses air pressure to keep the airways open, and patients who have breathing or respiratory problems typically use it. According to the American Lung Association, COPD is the leading cause of death in the US, and more than 12 million Americans were diagnosed with these diseases in 2022. Per the same source, ~8.5 million adults globally were diagnosed with COPD during 2019–2020. According to the World Health Organization (WHO), in 2021, COPD was the third prominent cause of death worldwide. The high mortality rate of COPD is due to acute exacerbations, which lead to the patients’ respiratory muscle failure, resulting in the loss of patient’s ability to breathe independently; as a result, the patients die from systemic infection and asphyxia. Increasing use of CPAP for COPD patients is fueling the growth of the continuous positive airway pressure (CPAP) devices market.
Technological Advancements – An Opportunity of Continuous Positive Airway Pressure (CPAP) Devices Market
The launch of continuous positive airway pressure (CPAP) devices is creating a dynamic competition among players to keep up their position in the market. The players are coming up with multiple and advanced products for buyers to choose from a wide range of alternatives in the field of treatment of sleep apnea and respiratory disorder. For instance, in August 2021, ResMed launched the AirSense 11, its CPAP machine iteration, which includes a host of new features to treat obstructive sleep apnea. The feature of this device includes device set-up tutorials on the myAir patient engagement app, personalized care guidance and remote patient monitoring through the AirView platform. Similar launches of new CPAP devices intended for various purposes in the medical field are expected to be a prevalent opportunity in the CPAP devices market during the forecast period.
Continuous Positive Airway Pressure (CPAP) Devices Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Continuous Positive Airway Pressure (CPAP) Devices Market analysis are drug type, product, and mode of order.
- Based on type, the Continuous Positive Airway Pressure (CPAP) Devices Market is segmented into automatic and manual. The automatic segment held the largest market share in 2023.
- By product, the Continuous Positive Airway Pressure (CPAP) Devices Market is segmented into CPAP machines, CPAP humidifier, CPAP masks, and accessories. The CPAP machines segment held the largest market share in 2023.
- Based on type, the Continuous Positive Airway Pressure (CPAP) Devices Market is segmented into hospital, clinic, emergency health departments, sleep center, home care, and others. The hospital segment held the largest market share in 2023.
Continuous Positive Airway Pressure (CPAP) Devices Market Share Analysis by Geography
The geographic scope of the Continuous Positive Airway Pressure (CPAP) Devices Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the Continuous Positive Airway Pressure (CPAP) Devices Market. In North America, the US holds the significant share of the continuous positive airway pressure (CPAP) devices market. The growth in North America is characterized by high prevalence of respiratory diseases, rising government support for treatment of respiratory diseases, growing healthcare expenditure, increasing preference for home healthcare, presence of major market players, and increasing prevalence of sleep apnea. In addition, technological advancement, and integration of healthcare software with CPAP devices for monitoring is fueling the growth of North America market.
Continuous Positive Airway Pressure (CPAP) Devices Market Report Scope
Continuous Positive Airway Pressure (CPAP) Devices Market News and Recent Developments
The Continuous Positive Airway Pressure (CPAP) Devices Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for viral antigens and strategies:
- ResMed launched the AirFit F40 ultra-compact, full-face mask for sleep apnea which offers the comfort of smaller masks without sacrificing performance. This could, in turn, help with sleep apnea therapy compliance for users of high-pressure continuous positive airway pressure (CPAP) treatment. (Source: WTWH Media LLC, Press Release, 2024)
- Airway Management launched Morf Nasal CPAP Mask that is designed to enhance comfort and sustainability and also incorporates a silicone-free biodegradable seal. (Source: Bareback Media Pvt. Ltd, Press Release, 2023)
Continuous Positive Airway Pressure (CPAP) Devices Market Report Coverage and Deliverables
The “Continuous Positive Airway Pressure (CPAP) Devices Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; End User ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For