Polaris Market Research recently published a research report on “Sleep Apnea Devices Market Share, Size, Trends & Industry Analysis Report, By Diagnostic Devices (PSG, Respiratory polygraphs, Pulse Oximeters, Actigraphy Devices); By Therapeutic Devices (PAP, Oxygen Devices, Oral Appliances); By End User; By Region: Segment Forecast, 2018 – 2026” in its research database.
According to the research report, the global sleep apnea devices market size & share was valued at USD 5.14 billion in 2017 and is anticipated to reach USD 10.23 Billion by 2026, growing at a CAGR of 7.9% during the forecast period.
What is a Sleep Apnea Device? How Big is Sleep Apnea Devices Market Share?
- Overview
Sleep apnea is a medical condition in which a person’s breathing stops and starts during sleep. It is associated with an increased risk of developing serious medical conditions, including heart disease, stroke, diabetes, and premature death. There are three major types of sleep apnea, obstructive sleep apnea, central sleep apnea, and complex sleep apnea syndrome.
For milder cases, doctors may suggest only lifestyle changes, such as doing physical exercise and quitting smoking. However, in moderate to severe conditions, certain devices can help to treat the condition. Continuous positive airway pressure (CPAP), and oral appliances are the most common sleep apnea devices. Factors such as the growing prevalence of sleep apnea and the rising awareness regarding sleep disorders are stimulating the overall growth of the sleep apnea devices market.
Request Sample Copy of Research Report @ https://www.polarismarketresearch.com/industry-analysis/sleep-apnea-devices-market/request-for-sample
(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Key Highlights of the Report
- Market Outlook: Current situation, size, share, and forecast analysis
- Competitive Environment: Competitor’s overview, company share analysis, key developments, and their key strategies on manufacturers, suppliers, and development trends.
- Market Segmentation: By type, by application, by end-user, by region.
- Key Dynamics: Drivers, restraints, unmet needs, and trends that are currently affecting the market.
- Regional Overview: Region-specific growth and developments in the market.
Some of the Top Companies in the Global Market Are:
- Fisher & Paykel Healthcare (New Zealand)
- Koninklijke Philips (Netherlands)
- ResMed (U.S.)
- Compumedics (Australia)
- Whole You (U.S.)
- BMC Medical (China)
- Braebon Medical (Canada) Löwenstein Medical (Germany)
- Drive DeVilbiss Healthcare (U.S.)
- SomnoMed (Australia)
To Know Additional Information and an Additional List of Key Players, Download a Sample PDF Brochure
Growth Driving Factors
- Rising prevalence of chronic disorders pushes the market growth
A large number of undiagnosed sleep apnea patients, increasing awareness about the poor effects of untreated sleep apnea, and increasing use of oral appliances are some of the major factors boosting the sleep apnea devices market size. Changing lifestyle, a surge in the geriatric population and the growing prevalence of chronic disorders is leading to the rising incidence of obstructive sleep apnea (OSA). This is ultimately propelling the industry developments. Also, growing technological developments for effective diagnosis and treatment are another factor anticipated to accelerate the market growth during the upcoming period.
- The number of people suffering from this disorder is likely to grow in the upcoming period
Moreover, the increase in the number of people suffering from sleep apnea, as well as the rising prevalence of hypertension and obesity, is leading to the growing occurrence of sleep apnea, which is anticipated to drive the demand for sleep apnea devices market. The World Health Organization (WHO) states that the occurrence of sleep apnea disorder is approximately 100 million worldwide. Also, in the U.S. alone, there are around 42 million people suffering from sleep-disordered breathing (SDB). This is expected to augment the demand for sleep apnea devices during the forecast period.
Directly Purchase a copy of the report with TOC @ https://www.polarismarketresearch.com/checkouts/5541
Recent Developments
- In February 2021, Nyxoah SA and Vanderbilt University accounted a partnership to develop innovative neurostimulation solutions for treating OSA.
- In January 2019, ResMed launched AirFit N30i, an advanced top-of-head-connected nasal CPAP mask for the U.S. markets with an innovative nasal cradle cushion.
Segmental Analysis
- The diagnostics devices segment held the highest share
Based on devices, the market is divided into diagnostics devices and therapeutics devices. Of all, the therapeutics devices segment witnessed the largest revenue share in the sleep apnea devices market in 2021. The key factors driving this segment’s growth are the increasing prevalence of OSA, rising patient awareness about the benefit of early diagnosis, and technological developments in the devices. Additionally, a number of government support & initiatives coupled with growing disposable income are boosting the segmental growth in the industry.
- Hospitals & sleep laboratories end-user segment commanded the market
By end-users, the market is categorized into hospitals & sleep laboratories, and home care settings. The hospitals & sleep laboratories segment led the market in 2017 with the largest share due to the increasing number of patients receiving sleep testing at laboratories or hospitals.
Inquire more about this report before purchase @ https://www.polarismarketresearch.com/industry-analysis/sleep-apnea-devices-market/inquire-before-buying
(Inquire about a report quote OR available discount offers to the sales team before purchase.)
Regional Analysis
Depending on geography, the sleep apnea devices market in North America dominated and accounted for the largest revenue share in 2021, owing to the high presence of key players coupled with the increased patient population in the region. In addition, due to the increasing preference for healthy eating habits in the United States, the market is rapidly growing.
Furthermore, rising funds and grants by government and private firms, as well as technological developments in devices such as Elastic Mandibular Advancements (EMA), are the major factors expected to bolster the industry growth in North America.
Browse the Detail Report “Sleep Apnea Devices Market Share, Size, Trends & Industry Analysis Report, By Diagnostic Devices (PSG, Respiratory polygraphs, Pulse Oximeters, Actigraphy Devices); By Therapeutic Devices (PAP, Oxygen Devices, Oral Appliances); By End User; By Region: Segment Forecast, 2018 – 2026” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/sleep-apnea-devices-market
For Additional Information OR Media Enquiry, Please Mail Us At: sales@polarismarketresearch.com
Important Questions Answered by Report:
- What factors are anticipated to drive sleep apnea device market trends?
- What will be the market size and growth rate during the forecast period?
- Which region will provide more business opportunities for the market in the future?
- What are the key trends in the market?
- How can I get company profiles on the top players?
- Which are the recent industry trends that can be implemented to generate additional revenue streams?
- Where will the strategic developments take the industry in the mid to long term?
Polaris Market Research has segmented the global Sleep Apnea Devices market on the basis of diagnostic devices, therapeutic devices, end users, and region:
By Devices Outlook
- Diagnostics Devices Outlook
- Polysomnography Devices (PSG)
- Respiratory polygraphs
- Pulse Oximeters
- Actigraphy Devices
- Therapeutics Devices
- Positive Airway Pressure (PAP) Devices
- Oxygen Devices
- Oral Appliances
- Adaptive Servo Ventilation (ASV) Devices
By End User Outlook
- Hospitals & sleep laboratories
- Home care settings
By Region Outlook
- North America (U.S., Canada)
- Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands, Rest of Europe)
- Asia Pacific (China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines, and the Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA)
Browse More Related Reports:
- Psoriatic Arthritis Market: https://www.polarismarketresearch.com/industry-analysis/global-psoriatic-arthritis-market
- Multiple Sclerosis Market: https://www.polarismarketresearch.com/industry-analysis/global-multiple-sclerosis-market
- Xerostomia Therapeutics Market: https://www.polarismarketresearch.com/industry-analysis/xerostomia-therapeutics-market
- 3D Cell Culture Market: https://www.polarismarketresearch.com/industry-analysis/3d-cell-culture-market
- Allergy Diagnostics and Therapeutics Market: https://www.polarismarketresearch.com/industry-analysis/global-allergy-diagnostics-market
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact Us:
Likhil G
30 Wall Street
8th Floor,
New York City, NY 10005,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com