According to the latest report by IMARC Group “Positive Airway Pressure Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global positive airway pressure devices market size grew at a CAGR of around 8% during 2015-2020. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years.
Positive airway pressure (PAP) devices are utilized in the treatment of snoring and obstructive sleep apnea (OSA). They also find application in respiratory ventilation to increase the oxygenation of patients in intensive care units (ICUs). They have straps for positioning the mask, hose or tube for connecting the mask to a motor and air filter for purifying the air entering the nostrils. Nowadays, leading manufacturers are introducing automatic PAP devices, which rely on proprietary algorithms to adjust the pressure delivered noninvasively.
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As per studies conducted by various healthcare institutes, PAP devices can be used for treating type 1 respiratory failure among coronavirus disease (COVID-19)patients. Besides this, the shortage of mechanical ventilators is driving the market. Apart from this, the growing prevalence of diabetes, hypertension, depression, and heart disorders is positively influencing the need for developing OSA among individuals. This, along with favorable reimbursement policies, is anticipated to fuel the market growth.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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