Positive Air Pressure Devices Market

Global positive air pressure devices market to witness robust growth and a 1.9x increase in revenue during the period of assessment, 2017-2027

The market for positive air pressure devices witnessed a massive slowdown in its progress as a result of the spread of Covid-19 pandemic across the globe. But in the post covid world, the increasing inclination towards health and wellness of people who are home-bound, aged, have chronic illnesses, and require specialized care has been gradually changing the market trends. As recovery commences in 2021, major players are recuperating their positions through production expansion, capacity utilizations and online selling in 2021 keeping in view the covid-19 norms.

Leading companies such as Koninklijke Philips N.V. (Philips Respironics), Curative Medical, ResMed, Fisher and Paykel Healthcare Limited, Drive DeVilbiss Healthcare Inc., and Somnetics International Inc., are actively indulged in the adoption of several market strategies like joint ventures, collaborations, partnership agreements, technological advancements, sales agreements, capacity utilizations, innovations, diversifications, geographical expansions etc to ensure improvements in their operations globally.

For instance, in September 2020, Drive DeVilbiss Healthcare announced a collaboration with Amazon Business to market the INTELLIPAP® Bilevel ST- a device intended to provide non-invasive ventilatory support to patients with respiratory disorders such as chronic obstructive pulmonary disease (COPD), respiratory insufficiency and obstructive sleep apnea (OSA). This collaboration was in response to the increasing number of covid 19 cases and the ventilatory needs of the patients impacted. The devices can be used in both home and hospital setup. Bilevel ST comes with a special mode which offers pressure support when the patient’s breath is triggered. It sets a minimum breath rate which offers machine triggered breaths. It is best for patients suffering from respiratory problems, sleep apnea and much more. Drive DeVilbiss agreed to donate 40 units to some healthcare facilities as a part of the agreement. In terms of growth, the North America region is projected to dominate the market with a very high revenue rate during the forecast period. The other key regions augmenting the growth of the positive air pressure devices market are Asia Pacific excluding Japan, Europe, Latin America and MEA.

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.