Increasing product launches by the key market players
It is projected that the market would expand as a result of key market players are introducing new products to meet the increased demand for innovative products. As an illustration, to cover the gap created by the Philips CPAP recall, ResMed, medical device company, announced new sleep apnea equipment in August 2021. In a similar vein, GoPAPfree, a homecare provider of oral appliance therapy for obstructive sleep apnea, introduced O2Vent Optima in February 2021. This product is a highly effective and portable substitute for CPAP therapy.
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