An Incisive, In-depth Analysis on the Positive Air Pressure Devices Market
This study offers a comprehensive, 360 degree analysis on the Positive Air Pressure Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Positive Air Pressure Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global positive air pressure devices market to witness robust growth and a 1.9x increase in revenue during the period of assessment, 2017-2027
As per Future Market Insights forecasts, the global positive air pressure devices market is anticipated to display high growth during the period of assessment. Analysing various market scenarios and trends, across major geographic regions in the globe, Future Market Insights has obtained various facts of the global positive air pressure devices market, such as its current position, future growth and market valuation. The forecasts are carried out for a 10 year period, starting from 2017 till 2027. The global market for positive air pressure devices is anticipated to reach a valuation of more than US$ 3500 Mn by the end of the year of assessment (2027) from a value of around US$ 1.8 Bn in 2017. It is projected to grow at a robust value CAGR of 6.6% throughout the period of forecast, 2017-2027. This growth can be attributed towards increasing healthcare expenditure on sleep related disorders, rise in geriatric population and increase in the prevalence of COPD and obstructive sleep apnea, rise in the adoption rate owing to increased technological advancements and increasing prevalence of obesity.
Home care to accelerate the growth of the global market
Improvement in healthcare services have helped in improving patient outcome and reduce the related expenditure by allowing people with chronic diseases to receive home-based medical care. The rise in the number of individuals aged 60 years and above increases the demand for home healthcare devices because this population prefers them over hospital stays. Home care positive air pressure devices are suitable for people with moderate to severe apnea. In addition, positive air pressure devices are more in demand by people who are home-bound, aged, have chronic illnesses, and require specialized care. Also, home sleep tests are more cost-effective than lab sleep study. Therefore, this emerging trend is expected to have a positive effect on the growth of the market.
Rise in online sales
Online marketing has led to rapid increase in sales of positive air pressure devices. In 2015, a research study estimated that about 70% of the population in the US relies on online shopping portals for purchasing various items. Vendors in the market are focusing on online marketing and promotional strategies to ensure better access to their products and increase product sales. Products offered online also help vendors minimize distribution and operational costs. The online platform enables vendors to offer information about devices in their portfolio and also gain access to both local and global markets. In addition, online marketing websites offer a wide selection of branded positive air pressure devices. Online selling of positive air pressure devices can therefore significantly contribute to the growth of the global market.
Continuous positive airway pressure devices (CPAP) to lead the global market in the coming years
Continuous positive airway pressure devices segment in the product type category is the largest segment with respect to market share and valuation. The CPAP segment is anticipated to grow at a significant pace to register a CAGR of 5.7% throughout the period of assessment. In 2017 it is valued at around US$ 1.3 Bn and is estimated to reach more than US$ 2 Bn by the end of the assessment year. Automatic positive airway pressure devices (APAP) segment is expected to grow from around US$ 250 Mn in 2017 and reach about US$ 535 Mn by 2027 end. This segment is projected to grow at a CAGR of 7.8% during the period of assessment, 2017-2027. This is the third largest segment in the product type category.
A global research perspective
The global market research report on positive air pressure devices focuses on the various trends, opportunities, challenges, drivers, etc., focusing on several segments present in the market. The report covers a global perspective analysing the most important regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA). This provides a global view of the market covering all the key areas presenting a holistic view of the market. This can enable the reader to list out regions with optimum potential in order to slate investment decisions and expansion strategies. The research study eliminates all the biasness giving a more realistic shape to the market numbers. The data mining done to get a clear understanding of the market involves all sorts of number crunching thereby chalking out a detailed statistical market report.
Weighted market segmentation
The global positive air pressure devices market research report covers all angles by including a robust segmentation of the entire market. This ensures no aspect is left behind and a more real picture of the market can be drawn.
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Exclusivity in the research process
The research methodology used to carry out the market analysis, data mining, number crunching, carrying out statistical analysis etc., is unparalleled and reflects near to 100 percent accurate results. A secondary research is initially carried out which helps understand the global market. Obtaining a high overview of the market is just one step. The primary aspects of the research process applied at Future Market Insights are re-validation and re-evaluation of the data so collected. Hence, primary interviews are carried out which help in cross verification of the data points at each step, establishing good accuracy percentage in each data point, and the re-validation ensures the most accurate data to be presented to the reader via this research report. The expert opinions of the market observers and the domain experts are extrapolated and triangulation of these enables the analysts to arrive at a data entry which is much accurate representing the global positive air pressure devices market.
The extensive research report on global air pressure devices market provides valuable insights with in-depth analysis to the reader. Every organization has its own integral research team, which strives to gather sufficient research data of the market. Future Market Insights aims at doing all the heavy lifting for them by providing vital acumen that can be actioned by the integral research team of the reader thus adding value to their research and supporting his/her objectives.
There are several reasons for you to purchase the research report, however, the main aspects which actually add value to the value added by the report are un-biasness in the research data collection, detailed and comprehensive and an in-depth segmentation of the entire market, the key trends and developments taking place in the market, statistical analysis reaching maximum accuracy, global market forecasts which gives an idea about the future market scenario based on the current and the past market dynamics, and assisting the reader in slating important strategies in order to maintain the right tempo and overcome the challenges caused by the changing market dynamics to achieve competitive advantage.
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