Published May 9, 2023
In 2021, the market for Sleep Apnea Devices worldwide was worth $4.7 billion US dollars. AMR Group projects that the market will reach US$ 7.4 billion by 2031, growing at a CAGR of 7.3 percent between 2022 and 2031.
A serious sleep disorder called sleep apnea causes breathing to halt for at least 10 seconds, causing irregular and interrupted breathing patterns as well as a drop in the blood’s oxygen saturation.
Age, obesity, and nasal obstruction brought on by allergies or sinuses are all risks associated with sleep apnea. If left untreated, sleep apnea increases the chance of developing health issues like high blood pressure, stroke, heart failure, diabetes, depression, deteriorating ADHD, and headaches.
Undiagnosed sleep apnea has also been associated with a lower quality of life, higher risk of hypertension, cardiovascular disease, stroke, daytime fatigue, and auto accidents.
The American Academy of Sleep Medicine (AASM) conducted a study that Globally, it is estimated that 425 million (30-69 year olds) have moderate to severe obstructive sleep apnea and 936 million (95 percent confidence interval 903-970) adults (men and women) have mild to severe obstructive sleep apnea.
Patients with sleep apnea receive treatment with a CPAP machine, which uses a face mask and a pump to deliver air into the nasal passages at pressures high enough to clear obstructions and promote normal breathing. The airway pressure supplied into the upper airway is constant during both inspiration and expiration.
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A study report on the size of the global market for sleep apnea devices sheds light on the important trends and vigorous cannon into the development of the industry, including the growth, restraints, market drivers, and opportunities. The research discusses the fierce competition that exists in the global market for sleep apnea devices. The study profiles the major market participants and offers analytical details about them, including corporate summaries, product and revenue segmentations. For the years 2017 through 2022, annual projections and estimations are given. Additionally, a six-year historical study of the Sleep Apnea Devices markets is offered. Primary and secondary research are the sources of market data and analytics. The majority of the material in company profiles is found in the public domain.
What free sample report contains?
The global market for sleep apnea devices has been divided by vendor list, product, application, and region by the report’s writers. Market share, production, consumption, revenue, CAGR, market size, and other aspects are taken into account when analysing different Sleep Apnea Devices market segments. Leading companies in the global Sleep Apnea Devices market have been profiled by analysts, taking into account recent developments, market sales, share, revenue, product portfolio, areas covered, and other factors.
The market for sleep apnea devices can be segmented based on several factors, including product type, end-user, and geography.
The sleep apnea devices market can be segmented into several product types including Continuous Positive Airway Pressure (CPAP) devices, Bi-level Positive Airway Pressure (BiPAP) devices, Adaptive Servo-Ventilation (ASV) devices, oral appliances, and masks and accessories. CPAP devices are the most commonly used devices for the treatment of sleep apnea.
The sleep apnea devices market can be segmented based on end-users such as hospitals, home care settings, and sleep laboratories. Home care settings are expected to witness the highest growth during the forecast period, as more patients prefer to be treated at home.
The sleep apnea devices market can also be segmented based on geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is the largest market for sleep apnea devices, followed by Europe and Asia Pacific. The Asia Pacific market is expected to witness significant growth during the forecast period. In addition to the above segmentation factors, the sleep apnea devices market can also be segmented based on the severity of the condition, with mild, moderate, and severe sleep apnea being the three categories. The severity of the condition plays a crucial role in the choice of treatment and the type of sleep apnea device used.
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The competitive landscape for sleep apnea devices is highly fragmented, with several players operating in the market. The market is dominated by a few large players, but there are also several smaller players that cater to specific segments of the market.
Some of the prominent players in the sleep apnea devices market include:
ResMed Inc.: ResMed is a global leader in the sleep apnea devices market, with a wide range of products including continuous positive airway pressure (CPAP) devices, auto-titrating CPAP devices, and portable oxygen concentrators.
Philips Respironics: Philips Respironics is a subsidiary of Philips Healthcare, and is one of the largest players in the sleep apnea devices market. The company offers a range of products including CPAP devices, bi-level positive airway pressure (BiPAP) devices, and ventilators.
Fisher & Paykel Healthcare: Fisher & Paykel Healthcare is a New Zealand-based company that specializes in respiratory care products. The company offers a range of sleep apnea devices including CPAP devices, auto-titrating CPAP devices, and BiPAP devices.
Natus Medical Incorporated: Natus Medical is a global medical technology company that offers a range of products for the diagnosis and treatment of sleep disorders. The company’s sleep apnea devices include diagnostic equipment, CPAP devices, and BiPAP devices.
BMC Medical Co., Ltd.: BMC Medical is a China-based company that specializes in sleep apnea devices. The company offers a range of products including CPAP devices, auto-titrating CPAP devices, and BiPAP devices.
Drive DeVilbiss Healthcare: Drive DeVilbiss Healthcare is a US-based company that offers a range of respiratory care products, including sleep apnea devices. The company’s sleep apnea devices include CPAP devices, BiPAP devices, and portable oxygen concentrators.
Somnetics International, Inc.: Somnetics International is a US-based company that specializes in sleep apnea devices. The company’s flagship product is the Transcend CPAP machine, which is designed for use during travel.
Apex Medical Corp.: Apex Medical is a Taiwan-based company that specializes in respiratory care products. The company offers a range of sleep apnea devices including CPAP devices, auto-titrating CPAP devices, and BiPAP devices. In conclusion, the sleep apnea devices market is highly competitive, with several prominent players operating in the market. ResMed, Philips Respironics, and Fisher & Paykel Healthcare are among the largest players in the market, but there are also several smaller players that cater to specific segments of the market.
Sleep Apnea Diagnostics Market Research Study Key Benefits:
- This report provides a detailed quantitative analysis of the current sleep apnea diagnostics market trends and forecast estimations from 2020 to 2030, which assists to identify the prevailing market opportunities.
- An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of factors that drive and restrain the growth of the global sleep apnea diagnostics market is provided.
- The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030, in terms of value.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
- Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help in understanding competitive outlook of the market.
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