According to FutureWise analysis the market for positive airway pressure devices in 2023 is US$ 2.43 billion, and is expected to reach US$ 3.83 billion by 2031 at a CAGR of 5.80%.
Positive airway pressure (PAP) is a therapy method that keeps the airways open by applying modest gaseous stress. Patients with respiratory problems, such as sleep apnea, use PAP devices specifically. Nonstop positive airway pressure (CPAP), bi-level positive airway pressure (BiPAP), and programmed positive airway pressure devices are some of the different types of these devices (APAP). Positive airway pressure devices are a common treatment for sleep apnea because they keep pressurised air flowing through the airways of the throat.
The patient wears a facial veil attached to a cylinder, as well as a machine that delivers pressurised air into the airway through the veil to keep it open. The air acts like an inflating balloon, keeping the throat muscles relaxed. On the other hand, the high cost of PAP machines is likely to stymie the market for positive airway pressure devices. Despite the fact that medical insurance covers the cost of sleep apnea therapy, patients are responsible for a portion of the total cost. Furthermore, the practical travel-friendly CPAP equipment that have recently been shipped on the go are deemed an extravagance and hence are not covered by any insurance coverage. The global positive airway pressure devices market is being driven by a steady increase in the number of sleep apnea patients, an increase in the prevalence of obesity, and mechanical headways in positive airway pressure devices.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Positive Airway Pressure Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Positive Airway Pressure Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.