The continuous positive airway pressure (CPAP) market share in the US will post an incremental growth of USD 305.3 million, progressing at a CAGR of 6.32% during the forecast period. The rising prevalence of sleeping disorders will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Continuous Positive Airway Pressure (CPAP) Market in the US by Product, Distribution Channel, and Revenue Stream - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The continuous positive airway pressure (CPAP) market in the US is segmented by product (devices, accessories, and masks), distribution channel (offline and online), and revenue stream (cash pay and insurance).
The growth of the continuous positive airway pressure (CPAP) market size by the US devices segment will be significant during the forecast period. Factors such as the large pool of patients with undiagnosed sleep apnea, the growing awareness of the negative effects of untreated sleep apnea, the growing use of oral devices will drive the growth of the segment.
The rising prevalence of sleeping disorders will directly influence the continuous positive airway pressure (CPAP) market in the US. In addition, the rising demand for home-care settings is one of the major continuous positive airway pressure (CPAP) market trends in the US that will positively impact the market growth. However, factors such as the high cost associated with CPAP devices will hamper the continuous positive airway pressure (CPAP) market growth in the US.
The market is fragmented due to the presence of several players. Some of the major continuous positive airway pressure (CPAP) market vendors in the US are 3B Medical Inc., BMC Medical Co. Ltd., CASCO BAY MOLDING, Compumedics Ltd., DeVilbiss Healthcare GmbH, Draegerwerk AG & Co. KGaA, Drive DeVilbiss Healthcare, EVOX, Fisher & Paykel Healthcare Corp. Ltd., Hamilton Bonaduz AG, Manish Enterprises, Medtronic Plc, Narang Medical Ltd., NXP Semiconductors NV, Philips International BV, ResMed Inc., Sleepnet Corp, Smiths Group Plc, TG Eakin Ltd, and Wellell Inc.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the continuous positive airway pressure (CPAP) market in the US forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the continuous positive airway pressure (CPAP) market share in the US.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the continuous positive airway pressure (CPAP) market in the US.
Continuous positive airway pressure (CPAP) industry growth across the US.
