July 01, 2020
The global market for CPAP was valued at $3.34 billion in 2019. The market is expected to grow at a compound annual growth rate (CAGR) of 6.5% to reach approximately $4.52 billion by 2024, CPAP Devices: Global Markets.
With an aging population and rising rates of obesity and diabetes, CPAP (continuous positive airway pressure) machines have been experiencing a heyday for several years now. The machines have always proven effective—but you have to use them. Historical patient adherence rates were dismal, below 50%.
Companies like ResMed have been constantly improving the design of CPAP machines (smaller, quieter, more comfortable) but it turns out making CPAPs “smart” has been the sea-change needed, as adherence rates are now approximately 87%.
The new machines monitor sleep cycles all night, over weeks and years, and that data is not only served back to the patient via mobile devices and wearable tech, it is shared with clinicians to track progress and/or adjust therapy as needed. They identify patients’ good and bad times of the night, they warn when the device is not fitted properly, when it needs to be cleaned. Patients, in their own app on their phone, see an analysis of their sleep, and get a score every night. It turns out this active role in their care keeps them coming back, night after night.
Some statistics from ResMed:
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Continuous Positive Airway Pressure (CPAP) Devices: Global Markets( MDS012A )
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