(I-BusinessNews.Com, July 02, 2021 ) The launch of innovative and technologically advanced products by the industry players is gaining popularity in the positive airway devices market. For instance, in September 2020, keepMED, a start-up company developing disruptive solutions for the medication of obstructive sleep apnea (OSA) has designed and developed keePAP. keePAP will help in maintaining airway pressure to keep the upper airway open, this will support the user's respiratory system to deliver just the amount of PAP needed intermittently and with minimal airflow. Thus, companies operating in the market are continuously focusing on introducing new technologies to survive in the positive airway pressure devices market.
The positive airway pressure devices market consists of sales of positive airway pressure devices by entities (organizations, sole traders, and partnerships) that manufacture positive airway pressure (PAP) devices that are used to trap air under pressure into the airway of the lungs. It is widely used in the treatment of obstructive sleep apnea (OSA), snoring, and others. PAP devices include bands to position the mask, a pipe or tube to connect the mask to a device, and an air filter to purify the air entering the nostrils.
The global positive airway pressure devices market is expected to grow from $1.95 million in 2020 to $2.18 million in 2021 at a compound annual growth rate (CAGR) of 7.71%. The growth is mainly due to increased prevalence of diseases such as sleep apnea and COPD. The positive airway pressure devices market is expected to reach $3.04 million in 2025 at a CAGR of 8.62%.
Major Players in the Positive Airway Pressure Devices Market:
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