August 19, 2021: The global Sleep Apnea Devices Market is expected to display higher growth rate over the next seven years. Rapid surge in the sleep apnea devices industry is credited to increasing life expectancy and ever-growing geriatric population. In addition, growing prevalence of sleeping disorders among aging population is expected to drive the growth of sleep apnea devices market over the forecast period.
Elderly population is increasingly prone towards sleeping disorders because of comorbidities associated with apnea. Globally, the sleep apnea devices industry is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the market.
Factors responsible for the robust market growth include rise in level of arousal frequency and variations in sleep architecture that contribute to the fatigue experienced by patients. Rise in the level of arousal frequency and variations in sleep architecture leads to OSA, which is further responsible for the reduction in the size of upper airway lumen. This leads predominant in aging population. Above-mentioned factors are significantly contributing to the market growth of sleep apnea devices over the coming years.
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Increasing awareness among general population coupled with increasing need for efficient diagnosis and treatment of apnea, are key factors prompting industry expansion in the past few years. Recent technological advancement in the healthcare sector catering to patient safety and comfort is predicted to amplify device usage rates, particularly in the developed economies across the globe. Apnea is commonly identified as a disease that arises when the body and brain obtain limited amount of oxygen and breathing procedure is disturbed while sleeping. Obstructive Sleep Apnea (OSA) is common type of apnea that is caused by airway blockage.
The sleep apnea devices market is broadly categorized into four major segments based on the product type such as actigraphy systems, polysomnography (PSG) device, respiratory polygraphs and single-channel screening devices pulse oximeters. The actigraphy systems segment is growing rapidly in the sleep apnea devices industry with substantial revenue generation in the last few years. Growing popularity of the actigraphy systems segment is attributed to the cost effectiveness and easy availability of the product.
The sleep apnea devices market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in healthcare sector, surge in number of research & development activities in the region and existence of well-established medical infrastructure.
Asia-Pacific region is estimated to hold major market share in sleep apnea devices with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing healthcare expenditure, rising disposable income, growing awareness level among general population, and significant investment by leading industry players considering potential growth opportunities in the region.
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The key players in the sleep apnea devices industry are BMC Medical Co., Ltd., GE Healthcare, Inc., Fisher & Paykel Healthcare Ltd., Curative Medical, Inc., Cadwell Laboratories, Inc., ResMed Co., Invacare Corp., Braebon Medical Corp., ImThera Medical, Inc., Phillips Respironics N.V., Curative Medical Inc., Nihon Kohden Co., and Compumedics Ltd.
Market Segment:
Sleep Apnea Devices Market Product Outlook, by Revenue (USD Million, 2015 - 2022)
• Sleep Apnea Therapeutic Devices
• Diagnostic Devices
Sleep Apnea Therapeutic Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)
• Airway Clearance Systems
• Adaptive Servo-Ventilation Systems
• Positive Airway Pressure (PAP) device
• Oral Appliances
• Oxygen Devices
• Other Devices
Sleep Apnea Positive Airway Pressure Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)
• Bilevel Positive Airway Pressure (BiPAP)
• Continuous Positive Airway Pressure (CPAP)
• Automatic Positive Airway Pressure (APAP) device
Sleep Apnea Other Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)
• Masks
• Tubes
• Humidifiers
• Filters
Sleep Apnea Masks Market Outlook, by Revenue (USD Million, 2015 - 2022)
• Full Face Masks
• Nasal Masks
• Nasal Pillows
• Nasal Prongs
• Oral Masks
Sleep Apnea Diagnostic Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)
• Actigraphy Systems
• Polysomnography (PSG) device
• Respiratory polygraphs
• Single-channel screening devices pulse oximeters
Sleep Apnea Market Volume, by Product, 2012 - 2022 (000’units)
• Sleep ApneaTherapeutic Devices
• Diagnostic Devices
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