A new market study, titled “Sleep Apnea Devices Market – Forecasts from 2017 to 2022” has been featured on WiseGuyReports.
Sleep Apnea Devices market is projected to witness the growth at a healthy CAGR of during the forecast period 2017 and 2022. The increase in geriatric population and growing chronic diseases owing to changing lifestyle is the major factor driving the market growth. According to WHO (World Health Organization), it is estimated that by 2020 chronic diseases will account for almost three-quarters of the deaths worldwide. Thus, growing number of sleep apnea patients as well as growing awareness about the ill effect of untreated sleep apnea disorder further contribute to the market growth. However, the expensive tool and availability of substitute restraints the market growth. The untapped developing nation particularly in Asia Pacific creates numerous opportunities for sleep apnea device vendors. In addition, the high speed technology advancement and innovation will propel the market growth over the projected period.
Oral appliance is expected to dominate the market share by the end of forecasted period. It’s the most recommended product by doctors for sleep apnea disorder. Thus there is a rowing usage of oral appliance which propels the segment growth.
Geographically, North America dominates the global Sleep Apnea Devices market in 2016 owing to early technology adoption, especially in the United States. Moreover, the favourable regulation such as medical reimbursement policies will further contribute to the regional market growth. However, Asia Pacific is expected to grow at a high rate over the projected period. The large population base coupled with rapidly growing sleep apnea patients will augment the regional market growth over the projected period. The favourable government policies like 100% FDI in India attract international players which will further enhance the market growth.
The global Sleep Apnea Devices market is high competitive owing to presence of well diversified local, regional and international players. The low initial investment and favourable government regulation further attracts more player in the industry while augmenting the competitive rivalry. New launch and product extension is the major strategy used by players in order to differentiate them.
Some of the major players discussed in the report are Koninklijke Philips N.V., ResMed, SomnoMed, Fisher & Paykel Healthcare Limited, Braebon Medical Corporation, and BMC Medical Co., Ltd.
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Thirdly, Sleep Apnea Devices market has been segmented by product and geography.
Polysomnography Devices (PSG)
Positive Airway Pressure (PAP) Device
Adaptive Servo Ventialtion (ASV) Devices
Europe Middle East and Africa
Key questions answered by the report
What will be the Sleep Apnea Devices market size from 2017 to 2022?
How are the major drivers and restraints affecting the Sleep Apnea Devices market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Table of Content
- Research Methodology
- Key Findings Of The Study
- Market Dynamics
- Global Sleep Apnea Devices Market Forecast By Product (US$ billion)
- Global Sleep Apnea Devices Market Forecast By Geography (US$ billion)
- Competitive intelligence
- Company profiles
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