Sleep Apnea Devices Market

The Sleep Apnea Devices Market is predicted to rise to USD 10,300 million by 2028, witnessing 6.1% CAGR during 2021-2028

Sleep Apnea Devices Market Overview

Sleep apnea can be defined as an acute medical condition in which oxygen supply to the brain is insufficient during sleep. It occurs by the blockages of the airway where breathing stops for 10 second resulting in irregular breathing patterns and loud snoring.

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Major Sleep Apnea Devices Market Drivers

The factors driving the global sleep apnea devices Market include an increase in the geriatric population which is expected to lead to a rise in the prevalence of sleep disorders. For instance, according to WHO, population age with 60 and above increase from 1 billion in 2020 and the world’s population of people aged 60 years and above will be double by 2.1 billion by 2050. Furthermore, rising in the sleep apnea disease among the population has further boosted the growth of this market. For instance, according to American Sleep Apnea Association, around 22 million Americans are suffering from the sleep apnea.

Moreover, the rise in the development of new advanced technologies for diagnosing and treating the disease is driving the market growth. In 2020 Fisher and Payke launched the F&P Evora with CapFit headgear; it is a compact nasal mask for treating the sleep apnea.

Restraint in the Sleep Apnea Devices Market

However, increasing concerns related to the cost associated with the device is high has hampered the growth of this market. Moreover, lack of awareness about sleep disorder among the population is also restraining the growth of this market.

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Product type – Segment Analysis

Based on the Product type, the therapeutic devices segment is expected to grow at a higher CAGR rate in the sleep apnea devices market during the forecast period owing to the rising availability of technologically advanced oral devices, nasal devices, airway pressure devices, and chin straps along with the increasing number of local government efforts such authorising marketing of new prescription devices by FDA. This augment boosted the growth of this market.

End-Users – Segment Analysis

Based on the End-Users, Sleep laboratories and hospitals projected to grow at a higher CAGR rate in the sleep apnea devices market during the forecast period due to the availability of a wide range of diagnostic devices such as clinical PSG devices, heart – rate systems, actigraphy systems, respiratory polygraphs, and oximeters in sleep laboratories and hospitals which help in determining the problem among patients. The clinical polysomnography device is increasing rapidly as it is standard test for diagnostic sleep apnea.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to grow at a higher CAGR rate in the sleep apnea devices market during the forecast period due to the increasing prevalence of the respiratory disorders that is leading to sleeping disorder will drive the growth of this market in this region. Moreover, government efforts to support sleep apnea disorder. For instance, according to U.S. Food and Drug Administration in 2021, has authorized marketing of prescription only device intended to reduce snoring and mild obstructive sleep apnea. Furthermore, the presence of major players such as Somnetics International, Inc., ResMed, and Philips Respironics has a strong presence in the region, resulting in strong distribution channels for the supply of the products. Thus, this augment has boosted the growth of this region in the sleep apnea devices market.

Top Market Players

Various notable players operating in the market, include, ResMed, Koninklijke Philips N.V., Fisher & Paykel Healthcare Limited, Curative Medical., Invacare Corporation., Som Imaging Informatics Pvt. Ltd, BMC Medical Co., Ltd., Natus Medical Incorporated., Compumedics Limited, Itamar Medical Ltd., among others.

Key Developments:

• • In June 2021, Itamar Medical Ltd. announced enhancements to its WatchPAT. It is an innovative Home Sleep Apnea Device that utilizes the peripheral arterial signal for sleep apnea diagnosis.
  • In April 2020, Cadwell Laboratories launched an ApneaTrak home sleep apnea testing device. This device will feature three models to meet the clinical requirements of sleep apnea to validate the efficacy of treatments.

Segments covered in the Report:

The global Sleep Apnea Devices Market has been segmented on the basis of Product type, End-Users, and regions. Based on Product type, the market is segmented into Diagnostic Devices, Sleep Apnea Masks Therapeutic Devices and Others. Based on End-Users, the market is segmented into Home Care Individuals and Sleep Laboratories and Hospitals.

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Market Segmentation

Global Sleep Apnea Devices Market by Product type

• • Diagnostic Devices
  • Sleep Apnea Masks
  • Therapeutic Devices
  • Others

Global Sleep Apnea Devices Market by End-Users

• • Home Care Individuals
  • Sleep Laboratories and Hospitals

Global Sleep Apnea Devices Market by Region

• • North America Sleep Apnea Devices Market (Option 1: As a part of the free 25% customization)

    • North America Sleep Apnea Devices Market by Product type
    • North America Sleep Apnea Devices Market by End-Users
    • US Sleep Apnea Devices Market All-Up
    • Canada Sleep Apnea Devices Market All-Up

  • Europe Sleep Apnea Devices Market (Option 2: As a part of the free 25% customization)

    • Europe Sleep Apnea Devices Market by Product type
    • Europe Sleep Apnea Devices Market by End-Users
    • UK Sleep Apnea Devices Market All-Up
    • Germany Sleep Apnea Devices Market All-Up
    • France Sleep Apnea Devices Market All-Up
    • Spain Sleep Apnea Devices Market All-Up
    • Rest of Europe Sleep Apnea Devices Market All-Up

  • Asia-Pacific Sleep Apnea Devices Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Sleep Apnea Devices Market by Product type
    • Asia-Pacific Sleep Apnea Devices Market by End-Users
    • China Sleep Apnea Devices Market All-Up
    • India Sleep Apnea Devices Market All-Up
    • Japan Sleep Apnea Devices Market All-Up
    • Rest of APAC Sleep Apnea Devices Market All-Up

  • RoW Sleep Apnea Devices Market (Option 4: As a part of the free 25% customization)

    • RoW Sleep Apnea Devices Market by Product type
    • RoW Sleep Apnea Devices Market by End-Users
    • Brazil Sleep Apnea Devices Market All-Up
    • South Africa Sleep Apnea Devices Market All-Up
    • Saudi Arabia Sleep Apnea Devices Market All-Up
    • UAE Sleep Apnea Devices Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Sleep Apnea Devices Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ResMed
  • Koninklijke Philips N.V.
  • Fisher & Paykel Healthcare Limited
  • Curative Medical.
  • Invacare Corporation.
  • Som Imaging Informatics Pvt. Ltd
  • BMC Medical Co., Ltd.
  • Natus Medical Incorporated.
  • Compumedics Limited
  • Itamar Medical Ltd.