Global Sleep Apnea Devices Market is expected to reach USD 14,119.5 million by 2024 from USD 7,800.0 million in 2016, at a CAGR of 7.7% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The global sleep apnea device market is segmented on the basis of type, product type, end user and geography.
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On the basis of type, sleep apnea device market is categorized into: diagnostic devices and therapeutic devices. In 2017, diagnostic devices segment is expected to dominate the market with 60.3% market share.
On the basis of product type, the sleep apnea devices market is segmented into polysomnography devices, respiratory polygraphs, pulse oximeters and actigraph systems.
Some of the major factors driving the market for sleep apnea devices market are technological advancement, increasing prevalence of sleep apnea, rising geriatric population, and changing lifestyle, rising acceptance of home healthcare, increasing awareness of health, changing lifestyles, increasing aging population, rising prevalence of sleep disorder, improving diagnosis rates, introduction to new technologies which improves patient comfort, increasing healthcare spending, improving healthcare infrastructure, rising disposable income.
- The advancement in the technologies and also increasing alternative options of devices for treatment of sleep apnea is adding to the driving factors of market.
- Increasing number of people suffering from sleep apnea helps in driving the market.
- Increased awareness of sleep related disorders and better technology to diagnose obstructive sleep apnea (OSA) will majorly help in driving the market.
Based on Geography the market is segmented into:
- North America
- South America
- Middle East Africa
The geographical regions are further segmented into major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others
The Global Sleep Apnea Devices Market Report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Some of the major players operating in this market are
- Koninklijke Philips N.V.
- Natus Medical Incorporated
- Nihon Kohden
- CareFusion Corporation
- Curative Medical Inc.
- Fisher and Paykel Healthcare Limited
- BMC Medical Co., Ltd
- Compumedics Limited
- NatusMedical Inc.
- DeVilbiss Healthcare
- Global Medical Holdings
- Itamar Medical Ltd.
- Weinmann Medical Technology
- Cleveland Medical Devices Inc.
- SOMNOmedics GmbH
- Deymed Diagnostic
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