Market Challenges And Opportunities

Global Continuous Positive Airway Pressure (CPAP) Interface Devices Market Drivers

Key players in the market are focused on introducing new products in the market, which is expected to accelerate the global continuous positive airway pressure (CPAP) interface devices market growth. For instance, in March 2019, Bleep, LLC, introduced DreamPort Sleep Solution, a continuous positive airway pressure (CPAP) interface device. This dreamport sleep solution is a device used for the treatment of obstructive sleep apnea. It is headgear free, lightweight, and easy to use.

Furthermore, in April 2019, ResMed Inc. launched a product, AirFit P30i, an interface device for continuous positive airway pressure (CPAP). It’s a top of head type of nasal pillow used in continuous positive airway pressure (CPAP) machine for treating sleep apnea. It is based on QuietAir technology, which reduces noise and disruption. It has soft pillow cushion and a spring fit frame, which offers stability. Hence, such product launches are expected to drive global continuous positive airway pressure (CPAP) interface devices market growth.

Furthermore, key players are adopting growth strategies such collaborations, partnerships, and mergers and acquisitions, which is expected to boost the global continuous positive airway pressure (CPAP) interface devices market growth. For instance, in October 2017, Mergenet Solutions, Inc., a medical technology company acquired Innomed Technologies, Inc., manufacturer of medical devices and Respcare, Inc., manufacturer of respiratory products, for expansion of product portfolio. This acquisition includes products of CPAP masks and other interfaces. Hence, such acquisitions are expected to impel the global continuous positive airway pressure (CPAP) interface devices market growth.

Global Continuous Positive Airway Pressure (CPAP) Interface Devices Market Restraints

Presence of local manufacturers in market who provide continuous positive airway pressure (CPAP) interface devices at cheap prices affects growth of the market up to certain extent as it affects the share of major players in market and hinder the overall market value.

For instance, China Zhengzhou Olive Electronic Technology Co., Ltd., Ningbo Finer Medical Instruments Co., Ltd. and Sure Care Corporation are some local Chinese players, which provide CPAP interface devices at very low cost.