CPAP/BiPAP Market (By Component after market: Mask, Nasal Pillows, Nasal Cushions, Short Tubes. By Channels of Distribution- Direct Distributors, Pharmacies and Online Stores, By End-user- Hospitals, Home Rentals and Private Clinics By Regions)– Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018 – 2026

The CPAP / BiPAP market was valued at USD 3 Billion in 2018 and is expected to reach at USD 7.64 Billion by 2026 growing at a Compound Annual Growth Rate (CAGR) of 12.40% between 2018 and 2026. Rising workload and job pressure across the globe are resulting in greater incidence of restless sleep and chronic mental fatigue which in turn is eliminating sufficient sleeping hours from the life of people. This in turn is expected to be the key factor responsible for the growth of the CPAP / BiPAP market. Moreover, rising incidence of apnea ranging from young to geriatric population owing to the changes of lifestyles and food habits are further estimated to create new necessities and augment the market of growth over the forecast period of 2018-2026.

Healthcare Institutes segment is estimated to witness significant growth

The CPAP / BiPAP market has been segmented based on component which is further divided into power adapter, tubing and mask, humidifier and battery. Based on channels of distribution the CPAP / BiPAP market has been segmented as pharmacies and online stores. Furthermore, the market is segmented as end-user which is further sub-segmented as healthcare institutes and residential. The increasing numbers of neurologic disorder institutes coupled with the rise in public investment towards building technically advanced hospitals and massive government spending towards adopting latest techniques of treating neurological disorders are further expected to drive the communication segment of global CPAP / BiPAP market during the forecast period.

North America holds the largest market share by region

The global CPAP / BiPAP market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East and Africa region. In addition to this, North America region holds the largest market share. The reason may be attributed to the presence of established manufacturers coupled with the increasing awareness for preventing sleep apnea. In addition, the presence of technologically advanced healthcare centers is further responsible for North America CPAP / BiPAP market to dominate the market share. Increasing numbers of clinics and healthcare institutes coupled with the rising disposable income and increasing public expenditure towards healthcare are expected to be the prime reason for the Asia Pacific CPAP / BiPAP market to grow at the fastest rate. Increasing awareness towards early detection and treatment of sleep-disordered breathing and Obstructive Sleep Apnea (OSA) is expected to create demand for CPAP / BiPAP machines in the Europe region. These reasons are expected to positively influence the market growth during the forecasted period.

Major Players in CPAP / BiPAP Market

Some of the key players in the global CPAP / BiPAP market include 3B Medical, BMC Medical Co.Ltd, Braebon Medical Corporation, Cadwell Laboratories, Fisher & Paykel Healthcare Limited, GE Healthcare, ImThera Medical Inc, Invacare Corporation, Phillips Respironics and ResMed.

The global CPAP / BiPAP market has been segmented into:

Global CPAP / BiPAP Market, By Component After Market (Revenue US$)

·         Masks

·         Nasal Pillows

·         Nasal Cushions

·         Short Tubes

·         Other

Global CPAP / BiPAP Market, by Channels of Distribution (Revenue US$)

·         Pharmacies

·         Online Stores

·         Direct Distributors

Global CPAP / BiPAP Market, by End-User (Revenue US$)

·         Hospitals

·         Home Rentals

·         Private Clinics

Global CPAP / BiPAP Market: By Geography

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    U.K.

o    France

o    Germany

o    Italy

o    Rest of Europe

·         Asia Pacific

o    India

o    China

o    Japan

o    Rest of Asia Pacific

·         Middle East and Africa

o    South Africa

o    Rest of Middle East and Africa

·         Latin America

o    Brazil

o    Rest of Latin America