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CPAP Devices Market Size is projected to reach USD 5254.51

#CPAP #Devices #Market #Size #projected #reach #USD

New York, United States, Oct. 17, 2022 (GLOBE NEWSWIRE) — Continuous positive airway pressure (CPAP) devices are used to treat obstructive sleep apnea disorder. The device increases the air pressure in the throat so that airways do not collapse when breathing. Rising numbers of patients with sleep apnea, obesity, and other respiratory disorders prompt the dire need for effective CPAP devices. As per the World Health Organization (WHO), globally, over 1.9 billion adults aged 18 and above were overweight in 2016. The report suggests that in 2016, more than 340 million children and adolescents aged 5–19 were overweight or obese.

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Impact of COVID-19

The emergence of this pandemic has severely impacted the global economy, causing instability in the environment and supply chain. Lack of ventilators has compelled the healthcare workers to look for alternatives in order to offer respiratory treatment to patients afflicted by COVID-19, further driving the adoption of CPAP devices.Essential modifications required to convert CPAP devices to treat respiratory inadequacy have been designed to minimalize aerosolization. These factors play an significant role in boosting the continuous development of the successful airway pressure devices market. Recently, ResMedannounced plans to maximize the availability of respiratory support devices to treat COVID-19  patients. 

Report Scope

Report Metric Details
Market Size USD 5254.51 million by 2030
CAGR 7.4% (2022-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, End-User, Regions
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Medtronic Plc., Smiths Group plc.,…

Read on GNW: CPAP Devices Market Size is projected to reach USD 5254.51

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