InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on “Global Sleep Apnea and Respiratory Monitoring Devices Market – Industry Analysis, Competitive Landscape, Revenue and Volume Forecast 2020-2030”
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According to the latest research by InsightAce Analytic, the global sleep apnea and respiratory monitoring devices market size valued at US$ XX Million and it is expected to reach US$ XX Million in 2030, recording a promising CAGR of XX% during the period of 2020-2030. By region, North America dominates the market with share of XX% of global sleep apnea and respiratory monitoring devices market. In terms of volume the global sleep apnea and respiratory monitoring devices market size is accounted for XX Units and it is expected to reach XX Units in 2030, recording a promising CAGR of XX% during the period of 2020-2030.
Sleep apnea is a sleep disorder, in which person’s breathing is disrupted during sleep. If sleep apnea left untreated, it may leads to diabetes, High blood pressure, Headaches, depression, Heart failure and stroke. Also, it may leads to morbidities, like impairment of daytime functioning, which will impact the quality of life. Sleep apnea and respiratory monitoring devices are very useful in the treatments of respiratory diseases, sleep disorders, diabetes, cardiovascular diseases and others. Respiratory monitoring plays an important role in treating respiratory diseases, such as acute respiratory failure, chronic obstructive pulmonary disease (COPD), and asthma. COVID-19 Pandemic has significantly increasing the need of respiratory monitoring devices and hence, in future there will be high requirement of such devices, which will ultimately result in sleep apnea and respiratory monitoring devices market growth.
High prevalence of sleep apnea and respiratory diseases, increasing geriatric population, changing lifestyle patterns, improper sleep patterns, and adoption of advance technologies are driving the growth of this market. Moreover, rising awareness about sleep apnea and respiratory diseases is helping to enhance this business. Whereas, high cost of systems, poor medical reimbursement policies, and shortage of skilled professionals are limiting the growth of this market. Geographically, North America region holds highest share of this market, owing to rising awareness about sleep apnea and respiratory diseases, increasing government investments for the R&D of therapeutic devices for treating sleep disorders and respiratory diseases. On the other hand, Europe region is also going to dominate this market during forecast period, due to advancements in biopharmaceutical field and high prevalence of sleep apnea. Asia-Pacific market is anticipated to grow faster in future, due to changing lifestyle, growing sleep apnea and respiratory monitoring devices industries and fast adoption of advance technologies.
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Some of the key Players of sleep apnea and respiratory monitoring devices market are DeVilbiss Healthcare LLC., Koninklijke Philips N.V., Medtronic plc, Mindray, Natus Medical Incorporated, Nihon, Kohden Corporation, ResMed, Smiths Medical, SOMNOmedics America Inc., Itamar Medical Ltd., Cleveland Medical Devices, Inc., Compumedics Ltd., Fisher & Paykel Healthcare Limited, Vyaire Medical, Inc., Becton, Dickinson and Company, BMC Medical Co., Ltd., and list of Other Prominent Players. Many prominent players are using various strategies such as new product launches, partnerships, expansions, agreements, merges, and acquisitions to increase their footprints in this market.
In May 2021, Philips survey revealed COVID-19’s negative impact on sleep quality and CPAP use. 72% of surveyed sleep apnea patients who discontinued CPAP therapy cited COVID-19 related reasons. So, for market players, this is the good chance of implementing tools and strategies.
In April 2017, ResMed unveiled its AirMini™, the world’s smallest CPAP machine – a game-changer for people with sleep apnea. The AirMini is available with ResMed’s proprietary AutoSet™ functionality as well as an innovative, built-in humidification system for patient comfort.
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Market Segments
Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 based on Products
- Polysomnography Device (PSG)
- Sleep Apnea Screening Device
- Actigraphy Monitoring Device
- Respiratory Polygraph
- Peak Flow Meters
- Gas Analyzers
- Oximeter/Finger-Tip Oximeter
- Other Products
Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 based on End-Users
- Hospitals & Sleep Laboratories
- Home Care Settings
- Other End-Users
Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 based on region
- Europe
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Europe sleep apnea and respiratory monitoring devices market Revenue (US$ Million) and Volume (No. of Units) by Country, 2020 to 2030
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
North America sleep apnea and respiratory monitoring devices market Revenue (US$ Million) and Volume (No. of Units) by Country, 2020 to 2030
- U.S.
- Canada
Asia Pacific sleep apnea and respiratory monitoring devices market Revenue (US$ Million) and Volume (No. of Units) by Country, 2020 to 2030
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America sleep apnea and respiratory monitoring devices market Revenue (US$ Million) and Volume (No. of Units) by Country, 2020 to 2030
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa sleep apnea and respiratory monitoring devices market Revenue (US$ Million) and Volume (No. of Units) by Country, 2020 to 2030
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Why should buy this report:
- To receive a comprehensive analysis of the prospects for global sleep apnea and respiratory monitoring devices market
- To receive industry overview and future trends of sleep apnea and respiratory monitoring devices market
- To analyze the sleep apnea and respiratory monitoring devices market drivers and challenges
- To get information on sleep apnea and respiratory monitoring devices market size value and volume (US$ Mn) forecast till 2030
- Major Investments, Mergers & Acquisition in sleep apnea and respiratory monitoring devices market industry
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