“According to U.S. Food and Drug Administration (FDA), it classifies that the positive airway pressure (PAP) delivery system, moving it from Class III into Class II. PAP delivery systems continue to be for prescription use only. It also defines medical devices based on the risks associated with the device and by evaluating the amount of regulation that provides a reasonable assurance of the device’s safety and effectiveness. Class I devices generally pose the lowest risk to the patient, and Class III devices pose the highest risk.”
The article cited AMA's "Global Positive Airway Pressure Devices Market Study" explored substantial growth in North America and CAGR of 8.6%. According to the report, Increasing Demand from Asia-Pacific Regions
is one of the primary growth factors for the market. Rising Prevalence of Sleeping Apnea
is also expected to contribute significantly to the Positive Airway Pressure Devices market. Overall, Hospitals
applications of Positive Airway Pressure Devices, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Positive Airway Pressure Devices market identified that the demand is rising in many different parts of the world as "Technological Advancements in Sleeping Apnea Devices Such are CPAP, BiPAP and Others
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Positive Airway Pressure Devices market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Positive Airway Pressure Devices market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Positive Airway Pressure Devices market size is calculated using market estimation process, the Positive Airway Pressure Devices market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Positive Airway Pressure Devices market size has been validated using both top-down and bottom-up approaches.