The global sleep apnea treatment devices market size is set to touch USD 8.97 billion by 2026, exhibiting a CAGR of 8.2% during the forecast period. Steadily climbing demand for sleep apnea devices, stemming from a consistent spread in the prevalence of sleep apnea, will be a major growth driver for this market, shares Fortune Business Insights™ in its new report, titled “Sleep Apnea Treatment Devices Market Size, Share & Industry Analysis, By Device Type (Positive Airway Pressure (PAP) Devices, Oral Appliances, Masks & Accessories, and Others), By End User (Sleep Laboratories & Clinics, and Homecare & Other Settings), and Regional Forecast, 2019-2026.
Highlights of the Report:
- In-depth analysis of various insights, namely, Sleep Apnea Treatment Devices Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Sleep Apnea Treatment Devices Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
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Key Players Operating in The Sleep Apnea Treatment Devices Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Braebon Medical Corporation
- Glidewell
- Oventus
- Fisher & Paykel Healthcare Limited
- ResMed
- DeVilbiss Healthcare
- BMC Medical Co., Ltd.
- SomnoMed
- Koninklijke Philips N.V.
A study published in the medical journal Lancet in 2019 found that nearly 1 billion people worldwide suffer from Obstructive Sleep Apnea (OSA). Regionally, too, the statistics conform to the global trends. For instance, the European Respiratory Society estimates that 13% to 32% of the geriatric population in Europe suffer from sleep apnea. As a result, the demand for sleep apnea treatment is escalating and driving the sleep apnea treatment devices market trends. Furthermore, the incidence of OSA is spiking owing to the rising prevalence of obesity, the most common cause for interrupted sleep, which according to the World Health Organization, presently affects close to 650 million adults worldwide.
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Market Restraint
Discomfort Caused by CPAP Masks to Stall Market Growth
Continuous Positive Airway Pressure (CPAP) is a highly recommended therapy for sleep apnea patients. It involves a machine that uses mild air pressure to keep airways open, helping an apneic person get sound sleep. However, despite its popularity, CPAP entails certain disadvantages that are likely to negatively affect the sleep apnea treatment devices market growth. For example, CPAP machines are infamous for causing discomfort as patients find it difficult to sleep in specific positions so as to not to displace the mask on their face. Moreover, the mask can also lead to a runny nose or cause nasal congestion. The biggest hindrance for this market, however, is the high cost associated with CPAP devices, especially in emerging economies. The challenge is humungous as insurance coverage in these countries is poor and limited and reimbursement policies are unfavorable for patients, hampering the adoption of this treatment method.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Obstructive Sleep Apnea Disorder (OSA), By Key Region/Country, 2018
- Reimbursement Scenario in Key Countries
- Technological Advancements in Sleep Apnea Treatment Devices
- Key Developments – Partnerships, Mergers and Acquisitions
- Global Sleep Apnea Treatment Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Positive Airway Pressure (PAP) Devices
- Oral Appliances
- Masks & Accessories
- Others
- Market Analysis, Insights and Forecast – By End user
- Sleep laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Sleep Apnea Treatment Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Positive Airway Pressure (PAP) Devices
- Oral Appliances
- Masks & Accessories
- Others
- Market Analysis, Insights and Forecast – By End user
- Sleep Laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Country
- S.
- Canada
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Sleep Apnea Treatment Devices Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Sleep Apnea Treatment Devices Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Sleep Apnea Treatment Devices Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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