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Pharmacy benefit management market
CPAP MASKS INDUSTRY MARKET REPORT OVERVIEW
The global CPAP Masks Industry market size US$ 2129.6 million in 2020 and will grow US$ 2886.6 million by 2027, exhibiting a CAGR of 5.2% during the forecast period.
CPAP or continuous positive airway pressure masks are medical devices which help in treating sleep apnea. In sleep apnea the patient's breathing is temporarily stopped because of a collapse of the airways. The CPAP mask sends a constant stream of air under pressure in the patient's mouth and nose, opening the airways and preventing any blockage.
COVID-19 Impact: Market Growth Promoted by Pandemic due to Rise In Respiratory Illnesses
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The breathing problems in patients because of COVID-19 caused an increase in need for ventilators and assisted breathing devices. CPAP machines can be altered by decreasing the aerosolization to be used as respiratory devices for patients and this led to an increase in market growth.
LATEST TRENDS
"Technological advancements help boost market size"
An emerging trend is the technological advancements in the field of CPAP machines such as quieter, more portable machines, integrated humidifiers and advanced algorithms for accurate mask pressure adjustment. These advancements have improved the patient experience, are in better compliance with industry standards and regulations and have made apnea treatment methods more user-friendly and effective.
CLOTH WARDROBE MARKET SEGMENTATION
By Type
Based on type the global market can be categorised into Nasal Pillow Mask, Nasal Mask, Full Face Mask.
- Nasal Pillow Mask: This kind of mask rests at the base of the patients nostrils and offer low to moderate airflow with minimal face contact
- Nasal Mask: A nasal mask completely covers the nose and is the most commonly used option
- Full Face Mask: A full face mask covers both the nose and the mouth and offers better airflow than a nasal mask even when the patient's nose might be badly blocked
By Application
Based on application the global market can be categorised into Hospitals and Clinics, Home Care.
- Hospitals and Clinics: The rise in private hospitals and favourable reimbursement policies has led to an increase in the use of CPAP machines in the healthcare sector as respiratory tools not just for apnea
- Home Care: Some examples of home care CPAP accessories are cleaning supplies, travel cases, chin straps, mask cushions and headgear used in addition to the machine
DRIVING FACTORS
"Increase in sleep apnea promotes market growth"
A driving factor promoting CPAP Masks Industry Market Growth is the increase in cases of sleep apnea worldwide. Some reasons for this are obesity, and old age. CPAP machines can be used at home and in hospitals as the first treatment option for apnea because they are user-friendly, efficient and harmless.
"Improvement in home care options boosts market growth"
Another driving factor is the improvement in home care apnea treatment. There are many advancements being made in CPAP machines such as integrated humidifiers and improved mask adjustment settings to make them user-friendly and cost effective making them affordable and ideal for home use.
RESTRAINING FACTORS
"Patient discomfort may impede market growth"
One of the factors impeding market growth is the noncompliance of patients. CPAP machines must be worn for long intervals of time without adjustment and many patients find this uncomfortable while sleeping due to problems like mask leakage, high air pressure or skin irritation which may deter them from purchasing the machine.
CPAP MASKS INDUSTRY MARKET REGIONAL INSIGHTS
"Robust infrastructure and increasing R&D investment helps North America dominate the market"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
North America dominates the market holding a large portion of CPAP Masks Industry Market Share due to presence of robust healthcare infrastructure, rising cases of sleep apnea, high investment into R&D in this sector and favourable government healthcare reimbursement policies.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The cloth wardrobe market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
List of Market Players Profiled
- ResMed (US)
- Philips (Netherlands)
- Fisher & Paykel (US)
- Air Liquide Medical Systems (France)
- Dräger (Germany)
INDUSTRIAL DEVELOPMENT
June 2021 Oventus Medical announced their collaboration with Aeroflow Healthcare to get Oventus' OSA treatment solutions, such as the O2Vent Optima, to customers through US sleep clinics.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 2129.6 Million in 2020 |
Market Size Value By |
US$ 2886.6 Million by 2027 |
Growth Rate |
CAGR of 5.2% from 2020 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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Which is the leading region in the CPAP masks industry market?
The North America region is the prime area for the CPAP masks industry market owing to the vast population in the region.
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Which are the driving factors of the CPAP masks industry market?
Increase in sleep apnea cases and improvement in home care options are some of the driving factors of the CPAP masks industry market.
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What are the key CPAP masks industry market segments?
The CPAP masks industry market segmentation that you should be aware of, which include, Based on type the CPAP masks industry market is classified as Nasal Pillow Mask,Nasal Mask and Full Face Mask. Based on application the CPAP masks industry market is classified as Hospitals and Clinics, Home Care.