The global sleep apnea devices market size is predicted to reach USD 13.24 billion by 2027, exhibiting a CAGR of 6.8% during the forecast period. The rising cases of cardiovascular disorders and diabetes among the geriatric population have led to a surge in sleep apnea, which, in turn, will bolster the growth of the market during the forecast period, states Fortune Business Insights in a report, titled “Sleep Apnea Devices Market Size, Share & Covid-19 Impact Analysis, By Device Type (Therapeutic Devices, and Diagnostic Devices), By End User (Sleep Laboratories & Clinics, and Homecare & Other Settings), and Regional Forecast, 2020-2027” the market size stood at USD 7.81 billion in 2019.
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Leading Players operating in the Sleep Apnea Devices Market are:
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:
- Koninklijke Philips N.V.
- Oventus
- Cadwell Industries, Inc.
- ResMed
- Fisher & Paykel Healthcare Limited.
- Natus Medical Incorporated
- SomnoMed
- DeVilbiss Healthcare LLC
- Braebon Medical Corporation
- Other Players
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Regional Analysis:
Rising Adoption of Innovative Therapeutics to Boost Market in North America
The market in North America generated a revenue of USD 3.77 billion in 2019 and is predicted to grow rapidly during the forecast period. The favorable reimbursement policies will enable speedy expansion of the market. The growing adoption of advanced treatment devices will further foster growth in the region. According to the American Academy of Sleep Medicine (AASM), an estimated 26% of the adult population in the U.S., was suffering from sleep apnea in 2018. Europe is expected to rise exponentially during the forecast period owing to the rising awareness about sleep apnea in the region. The increasing number of diagnostic tests along with the high adoption of advanced treatment devices will propel market in Europe. Asia Pacific is predicted to witness an excellent growth rate during the forecast period due to the rising cases of sleep apnea.
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 Sleep Apnea, By Key Country/ Regions, 2019
- Technological Advancements in Sleep Apnea Devices
- Key Industry Developments – Mergers, Acquisition, and Partnerships
- Global Sleep Apnea Devices Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- 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 Devices Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- Market Analysis, Insights and Forecast – By End User
- Sleep Laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Country
- S.
- Canada
- Europe Sleep Apnea Devices Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- Market Analysis, Insights and Forecast – By End User
- Sleep Laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
- Asia pacific Sleep Apnea Devices Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- Market Analysis, Insights and Forecast – By End User
- Sleep Laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Latin America Sleep Apnea Devices Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- Market Analysis, Insights and Forecast – By End User
- Sleep Laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa Sleep Apnea Devices Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- Market Analysis, Insights and Forecast – By End User
- Sleep Laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Continued…
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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 Devices Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
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