Rise in prevalence of breathing problems and related diseases such as sleep apnea is promoting the growth of the global continuous positive airway pressure masks market says Fortune Business Insights in their new study.
The study is titled “Continuous Positive Airway Pressure (CPAP) Masks Market Size, Share and Global Trend by Type of Masks (Nasal Masks, Full Face Masks, Nasal Pillows, Pediatric masks), By Patient Type (Pediatric, Adults), By Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) and Geography Forecast till 2026”. This report analyzes major factors driving and restricting the growth of the market during the forecast period of 2019 to 2026.
Key players leading the Global Continuous Positive Airway Pressure (CPAP) Masks Market include,
- AG industries
- Koninklijke Philips N.V.
- Fischer Paykel healthcare Ltd
- Medline industries, Inc.,
- KOIKE MEDICAL CO., LTD
- DeVilbiss Healthcare LLC
- Sunset Healthcare Solutions Inc.
- Sarnova, Inc.
- Teleflex Incorporated and other players.
Irregular Sleeping and Eating Habits Are Increasing Prevalence of Sleeping Problems
The changing lifestyle and irregular eating and sleeping habits of people worldwide are creating leading inadequate sleep problems, insomnia, and other health concerns. This is a major factor boosting the global CPAP market.
The World Health Organization in 2016 has found that an estimated 1.9 billion adults around the world are overweight out of which 650 million were obese. Obesity can lead to various health problems, out of which breathing problems is a major one. The rising prevalence of obesity worldwide is a major factor boosting the continuous positive airway pressure masks market growth.
According to the American Thorias Society International Conference in 2018, an estimated 1 billion people were suffering from sleep apnea. This is also promoting the CPAP market growth and estimated to continue doing so in the forecast period as well. Technological advancements in positive airway pressure masks over the last couple of years have propelled its growth in the market.
On the flipside, patients suffering from sleep deprivations or patients with sleep apnea often choose to opt out of treatment, and this may cause hindrance to the growth of the continuous positive airway pressure masks market in the coming years. Besides this, the market may also face challenges in terms of low adherence to treatment facilities, especially in developing nations, thus, harming the overall growth of the market in the forecast period.
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Asia Pacific to Offer Lucrative Growth Opportunities
From a geographical point of view, the global continuous positive airway pressure masks market is prognosticated to be dominated by North America. This is attributable to the high prevalence of sleep apnea in the developed nation such as the U.S. Analysts at Fortune Business Insights states that U.S. is the largest contributor of CPAP masks as compared to other states.
On the other hand, the continuous positive airway pressure marks market in the Asia Pacific on account of rising awareness about sleep-deprived illnesses and availability of its treatment in the region.
FDA Approvals for Smallest CPAP Device is Working Wonders for Market
Players operating in the global market are focusing mainly on adopting strategies that will help them increase their continuous positive airway pressure masks market share in the coming years. These strategies include merger and acquisitions, advanced product launches, company collaborations, and others. To cite an example, the U.S. Food and Drugs Administration approved the world’s smallest CPAP device called Airmini, announced by ResMed in the year 2017. On another instance, the launch of Dreamwear full mask was announced by Koninklijke Philips N.V. in the year 2018. This product guarantees better sleep options for patients suffering from sleep apnea. Such innovations are likely to bode well for the global continuous positive airway pressure masks market in the long run.
KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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