South & Central America Positive Airway Pressure (PAP) Devices Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The South & Central America positive airway pressure (PAP) devices market size is expected to reach US$ 563.53 million by 2031 from US$ 406.05 million in 2023. The market is estimated to record a CAGR of 4.2% from 2023 to 2031.

Executive Summary and South & Central America Positive Airway Pressure (PAP) Devices Market Analysis:

The South and Central America PAP devices market is segmented into Brazil, Argentina, and the Rest of South and Central America. The region is expected to reflect substantial growth in the PAP devices market owing to the developing healthcare facilities and infrastructure. Additionally, the increasing adoption and development of innovative products in the region are expected to fuel market growth in the coming years.

South & Central America Positive Airway Pressure (PAP) Devices Market Strategic Insights

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South & Central America Positive Airway Pressure (PAP) Devices Market Segmentation Analysis

Key segments that contributed to the derivation of the South & Central America positive airway pressure (PAP) devices market analysis are product type, application, and end user.

• Based on product type, the South & Central America positive airway pressure (PAP) devices market is segmented into automatic positive airway pressure (APAP) devices, continuous positive airway pressure (CPAP) devices, and bilevel positive airway pressure (BiPAP) devices. The continuous positive airway pressure (CPAP) devices held the largest share of the market in 2023.
• Based on application, the South & Central America positive airway pressure (PAP) devices market is segmented into chronic obstructive pulmonary disease (COPD), obstructive sleep apnea, and respiratory distress. The obstructive sleep apnea held the largest share of the market in 2023.
• Based on end user, the South & Central America positive airway pressure (PAP) devices market is segmented into hospitals, ambulatory surgical centers, home care, and rehabilitation centers. The hospitals held the largest share of the market in 2023.

South & Central America Positive Airway Pressure (PAP) Devices Market Outlook

Historically, sleep apnea was managed using CPAP machines, lifestyle modifications, and surgical procedures. However, new developments in sleep apnea treatment technology are transforming the diagnosis, tracking, and treatment. The management of sleep apnea has become more convenient, practical, and comfortable due to the development of cutting-edge diagnostic tools, inventive treatment devices, and remote monitoring capabilities. The technological developments are likely to improve the lives of people with sleep apnea. For example, the SleepStyle CPAP is renowned for its integrated humidifier and user-friendly interface. This has a smartphone app for compliance and monitoring, as well as Bluetooth connectivity. The small and lightweight Somnetics Transcend 3 Mini CPAP features cutting-edge noise-cancelling technology. It has Bluetooth connectivity, intelligent pressure adjustments, and is travel friendly. In order to anticipate apnea episodes during sleep, NovaResp Technologies Inc. is creating an artificial intelligence (AI)-enabled CPAP algorithm to work with any CPAP, including the device that the company is currently developing.

These innovations are expanding the market and giving businesses a competitive edge when managing respiratory conditions such as sleep apnea and have high adoption rates.

South & Central America Positive Airway Pressure (PAP) Devices Market Country Insights

Based on country, the South & Central America positive airway pressure (PAP) devices market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2023.

Brazil has a well-established medical device industry regulated by the Brazilian National Health Surveillance Agency (ANVISA). PAP devices are registered with ANVISA, which enables the safe use of surgical devices across the country. Further, the National Institute of Metrology, Standardization, and Industrial Quality (INMETRO) sets the standards and guidance for the medical device industry players.

According to the Pan American Health Organization, Brazil had more than 30 million people aged above 60 years, accounting for 13% of the country's population in December 2022. By 2030, this age group is expected to reach approximately 50 million, making up 24% of the Brazilian population. The aging population is more susceptible to sleep disorders, thereby the demand for PAP devices in Brazil is likely to continue to surge in the upcoming years.

South & Central America Positive Airway Pressure (PAP) Devices Market Report Highlights

South & Central America Positive Airway Pressure (PAP) Devices Market Company Profiles

Some of the key players operating in the market include ICU Medical Inc; React Health (Formerly 3B Medical, Inc); Fisher & Paykel Healthcare Corp Ltd; BPL Medical Technologies Pvt Ltd; Koninklijke Philips NV; Dragerwerk AG & Co KGaA; ResMed Inc; Vyaire Medical Inc; Wellell Inc; Armstrong Medical Ltd; Löwenstein Medical UK Ltd.; BMC Medical Co Ltd; and Narang Medical Limited, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

South & Central America Positive Airway Pressure (PAP) Devices Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

South & Central America Positive Airway Pressure (PAP) Devices Market Country and Regional Insights