Sleep Apnea Devices Market size to exceed USD 10bn by 2025

Sleep Apnea Devices Market size is set to exceed USD 10 billion by 2025; according to a new research study published by Global Market Insights, Inc.
 

Increasing prevalence of sleep disorders will be a major market growth stimulating factor. Moreover, growing technological advances in diagnostic and therapeutic devices coupled with rising government initiatives to improve the quality of life will further assist industry growth. For instance, American Sleep Apnea Association (ASSA) promotes awareness regarding sleep apnea, advocates for the interests of sleep apnea patients and works for continuing developments in the treatment for this serious disorder. Hence, aforementioned factors will play significant role in augmenting the sleep apnea diagnostic devices industry growth.

 

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Increasing awareness about the ill effects of untreated sleep apnea in developed countries will upsurge the demand for preventive and curative services, thereby boosting industry growth over the forthcoming years. Moreover, favorable reimbursement scenario for diagnostic and therapeutic sleep apnea devices will increase the adoption rate of these devices in the future, thus escalating the therapeutic sleep apnea devices market growth.
 

Germany Sleep Apnea Devices Market, By Product, 2018 & 2025 (USD Million)
Sleep Apnea Devices Market

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However, high cost associated with sleep apnea devices will impede market growth up to some extent. Additionally, stringent government regulations regarding approval of sleep apnea devices will restrain industry expansion over the coming years. 
 

Polysomnography device (PSG) segment is forecast to witness substantial amount of growth at 4.7% CAGR across the estimated timeframe. High growth is attributed to increasing prevalence of obstructive sleep apnea (OSA) across the world due to adoption of unhealthy lifestyle. PSG is currently considered as the gold standard for diagnosis of OSA. Increasing adoption of polysomnography device by laboratories and home care settings will further assist in boosting the segmental growth over the projected timeframe.
 

Oxygen devices segment held revenue size of USD 455.0 million in 2018. Oxygen administration is an alternative treatment option in patients that fail to adhere to positive airway pressure therapy. Advantages such as improvement in overall health and sleep quality will increase the adoption of oxygen therapy devices in the upcoming years. Furthermore, favorable reimbursement policies for oxygen concentrate devices will assist the segmental growth over the projected timeframe. 
 

Browse key industry insights spread across 130 pages with 156 market data tables & 6 figures & charts from the report, “Sleep Apnea Devices Market Size By Product (Therapeutics {Airway Clearance System, Adaptive Servo-ventilation, Positive Airway Pressure (PAP), Oral Appliances, Oxygen Devices}, Diagnostics [Actigraphy System, Polysomnography Device (PSG), Respiratory Polygraph, Single-channel Screening Devices (Pulse Oximeter}), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Japan, China, India, Australia, Brazil, Mexico, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/sleep-apnea-devices-market-report
 

UK sleep apnea devices market accounted for more than 14.5% market share in 2018. High growth is attributed to increasing awareness among the population regarding sleep disorders, coupled with availability of advanced healthcare settings in the country. Increasing approval rate of technologically advanced and less invasive sleep apnea devices will further assist country growth over the projected timeframe. Moreover, rise in geriatric and obese population susceptible to suffer from sleep apnea will further augment the demand for effective therapeutic and diagnostic sleep apnea devices in the upcoming years.
 

India sleep apnea devices market offers a lucrative growth opportunity at a CAGR of 11.3% over the estimation period. High growth rate is attributed to emerging health problems such as obesity and various sleep disorders, owing to increasing adoption of sedentary lifestyle. Increasing government initiatives in India to spread awareness regarding consequences of sleep apnea will escalate the market growth. Additionally, key players operating in the market are introducing innovative products in the country to broaden their market foothold, further driving the business growth.
 

Prominent industry players include Braebon Medical, Philips, ResMed, GE Healthcare, Cadwell Laboratories, Compumedics, Invacare, Becton Dickinson and Company (CareFusion Corporation), BMC Medical, GE Healthcare among other players. These industry players involved are implementing several business strategies such as acquisitions, mergers, collaborations and research & development activities to launch innovative products and broaden their geographic presence.  For instance, in May 2018, Philips acquired NightBalance, the Netherlands based digital health scale-up company involved in manufacturing of innovative sleep apnea devices. The acquisition helped Philips to expand its product offering for sleep & respiratory care.
 

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Sleep apnea market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

Sleep Apnea Devices Market, by Product, 2014 – 2025 (USD Million)

  • Therapeutic devices
    • Airway clearance system
    • Adaptive servo-ventilation
    • Positive airway pressure (PAP)
    • Oral appliances
    • Oxygen devices
    • Others
  • Diagnostic devices
    • Actigraphy system
    • Polysomnography device (PSG)
    • Respiratory polygraph
    • Single-channel screening devices

The above information is provided for the following regions/countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa

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