According to a new market research study titled ‘Positive Airway Pressure (PAP) Devices Market to 2027 – Global Analysis and Forecasts by Product and End User.’ The global positive airway pressure (PAP) devices market is expected to reach US$ 4,731.03 Mn in 2027 from US$ 2,332.14 Mn in 2018. The market is estimated to grow with a CAGR of 8.3% from 2019-2027. The report highlights trend prevalent in the global positive airway pressure (PAP) devices market and the factors driving the market along with those that act as deterrents to its growth.

Home care/individuals segment is expected to drive the growth of the global positive airway pressure (PAP) devices market by end user

The positive airway pressure (PAP) devices market is highly competitive in nature with a high level of consolidation. Most of the companies operating in the positive airway pressure (PAP) devices market are present across the globe and have wide distribution and sales network through partnerships or authorized dealers.

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Modern medicine and development in healthcare services have aided better patient outcome and reduced related expenditure by allowing many people with chronic diseases to receive home-based medical care. According to the National Association for Home Care & Hospice in 2015, in the US, approximately 7.6 million individuals were receiving home healthcare from about 17,000 paid providers. Home care PAP devices are preferred for people with average to simple apnea. These devices are more in demand by people who are home-bound, have chronic illnesses, aged, and need specialized care. Furthermore, home sleep experiments are also cost-effective than lab sleep study. Therefore, this developing trend is anticipated to have a positive impact on the growth of the market.

The most notable market participants are ResMed, Fisher & Paykel Healthcare Limited, Smiths Medical, Koninklijke Philips N.V., Devilbiss Healthcare LLC, Compumedics Limited, VYAIRE, 3B Medical, Inc., Löwenstein Medical UK Ltd., and APEX MEDICAL CORP. occupying a considerable share of the market owing to their offerings to the market.

ResMed and Fisher & Paykel Healthcare Limited - Notable Market Participants in Positive Airway Pressure (PAP) Devices Industry

Many well-known as well as small local companies are present in the market to provide diversified products to its customers. The larger firms are adopting the strategy of acquiring small firms to enhance its product portfolio and expand its footprint in different geographies. Additionally various companies are also undergoing other strategic alliances such as acquisitions and others to garner their significance and remain competitive in the market.

Global positive airway pressure (PAP) devices market, based on end user, was segmented as, hospitals & sleep laboratories and home care/individuals. In 2018, the hospitals & sleep laboratories segment held the largest share of the market. However, the home care/individuals segment is expected to grow at the fastest rate during the coming years owing to the increasing demand for positive airway pressure devices for home use.

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