Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Continuous Positive Airway Pressure (CPAP) Market, The Global Continuous Positive Airway Pressure (CPAP) Market is projected to grow at a CAGR of around 7.70% during the forecast period, i.e., 2022-27. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Continuous Positive Airway Pressure (CPAP) Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2022-2027
• CAGR (2022-2027): 7.70%

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Global Continuous Positive Airway Pressure (CPAP) Market Segmentation Breakdown:

The Continuous Positive Airway Pressure (CPAP) Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By End Users
  • Hospitals & Clinics
  • Nursing Homes
  • Elderly Care Centers
  • Home-Use

Among all, Hospitals & Clinics acquired a considerable share in the Global Continuous Positive Airway Pressure (CPAP) Market in recent years and are anticipated to prevail in the same trend during the forecast period.

• By Type of Disorder
  • Obstructive Sleep Apnea (OSA)
  • Chronic Obstructive Respiratory Disorder
  • Neuromuscular Disorder
  • Asthma
  • Others

Here, Obstructive Sleep Apnea (OSA) is anticipated to dominate the Global Continuous Positive Airway Pressure (CPAP) Market with the largest share during the forecast period.

Geographical Growth Insights:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

North America acquired the largest market share in recent years & is projected to prevail in the same trend during the forecast period.

MarkNtel Advisors Highlights Key Market Drivers for Continuous Positive Airway Pressure (CPAP) Market:

Rising Prevalence of Sleep Disorders & Chronic Respiratory Diseases

The high prevalence of sleep apnea among people due to the growing cases of diabetes, cardiovascular diseases, & other illnesses worldwide is one of the prominent reasons behind the mounting demand for CPAP devices. The same aspect is stimulating the market & generating growth opportunities for the leading players to increase their production capacities and cater to the burgeoning demands globally.

A Comprehensive Analysis of Leading Companies in Global Continuous Positive Airway Pressure (CPAP) Market

• Apex Medical Corp.
• Airon Corporation 
• Asahi Kasei Corporation
• BMC Medical Co., Ltd
• Drägerwerk AG & Co. KGaA
• Fisher & Paykel Healthcare Limited
• General Electric Company
• Getinge AB
• Koninklijke Philips N.V.
• Löwenstein Medical GmbH & Co. KG
• Medical Depot, Inc. dba drives DeVilbiss Healthcare LLC
• Medtronic Plc
• ResMed Inc.
• Smiths Group plc (Smiths Medical)
• Vyaire Medical, Inc.

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Recent Developments in the Global Continuous Positive Airway Pressure (CPAP) Market

• In 2021, Eakin Healthcare acquired Armstrong Medical, specializing in respiratory care products, where the acquisition seems to embark on an expansion into a new therapeutic area.
• Philips & Cognizant planned their collaboration to create additional end-to-end solutions in July 2021. The incorporation develops comprehensive digital health solutions allowing healthcare organizations & life sciences businesses to offer better patient care & move clinical trials along.
• In 2019, ResMed introduced additional types such as the AirFitF30, a full-face mask with a minimal-contact cushion, and the AirFitN30i and P30i, a nasal and pillow mask attached to the top of the head, respectively. Among the top businesses selling continuous positive airway pressure (CPAP) devices are Corporation, Circadiance, and ResMed.
• In 2017, the smallest Positive Airway Pressure (PAP) device was introduced by RoyalPhilips, called DreamStation Go, to make traveling easier for people with obstructive respiratory disorders. The business innovates respiratory products to meet the needs of people with neuromuscular disorders and COPD.
• Again, to treat apnea patients, ResMed introduced the AirMini, the smallest CPAP in the world, in April 2017.
• Royal Philips a world leader in health technology, & the Dutch SAZ group inked a strategic collaboration deal in February 2021 that covers patient monitoring, observation, and self-management throughout their care.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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