Sleep Apnea Devices Market Research Report provides in-depth information and professional study 2021-2028 of Sleep Apnea Devices Industry. This Report is segmented into Manufactures, Types, Applications and Regions. Sleep Apnea Devices market report also shares details of upstream raw materials, downstream demand, and production value with some important factor that can lead to market growth.
Market segmentation of the credible Sleep Apnea Devices market report can be elucidated more clearly in terms of breakdown of data by manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks and entry barriers, sales channels, and distributors. This business report gives details and comprehensive data of market definition, classifications, applications, engagements, market drivers and market restraints all of which are acquired from SWOT analysis. With the top notch medical device market research report, insights and realities of the medical device industry can be acquired which helps keep the business on the right track.
The global sleep apnea devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.1% in the forecast period of 2021 to 2028 and is expected to reach USD 7,171.56 million by 2028. Rise in geriatric population and growing awareness about the ill effects of snoring are the major drivers which propelled the demand of the market in the forecast period.
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The major companies providing sleep apnea devices in the global sleep apnea devices market are Koninklijke Philips N.V., Itamar Medical Ltd., Natus Medical Incorporated, CONTEC MEDICAL SYSTEMS CO., LTD, ResMed, BMC Medical Co., Ltd., SomnoMed, Fisher & Paykel Healthcare Limited, Medicom MTD Ltd, Somnowell, Compumedics Limited, SIBELMED, APEX MEDICAL CORP., Inspire Medical Systems, Inc., NIHON KOHDEN CORPORATION, DeVilbiss Healthcare LLC, nox medical, Advanced Brain Monitoring, Inc., Cleveland Medical Devices Inc., Braebon Medical Corporation, Löwenstein Medical Technology GmbH + Co. KG., and Nyxoah SA among others.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the sleep apnea devices market.
- In March 2021, Cleveland Medical Devices Inc. has announced that company’s SleepView Direct service is recognized in the article of Sleep Review Magazine published on March 19th. This enhanced the company’s product to reach wide customers globally.
Global Sleep Apnea Devices Market Scope and Market Size
The sleep apnea devices market is segmented on the based on the basis of disease type, type, patient demographics, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of diseases type, global sleep apnea devices market is segmented into obstructive sleep apnea syndrome, central sleep apnea syndrome and complex sleep apnea syndrome. In 2021, obstructive sleep apnea syndrome is expected to dominate the sleep apnea devices market due to increased prevalence of elder population with sleep disorders.
- On the basis of type, global sleep apnea devices market is segmented into devices and therapy. The device segment is further segmented into therapeutic devices, diagnostic devices and accessories. In 2021, devices segment is expected to dominate the sleep apnea devices market due to surge in technological advancements in novel therapeutics options for convenient applications.
- On the basis of patient demographics, global sleep apnea devices market is segmented into pediatric, adult and geriatric. In 2021, geriatric segment is expected to dominate the sleep apnea devices market due to rising prevalence of elderly population with accompanied chronic diseases as diabetes and obesity.
- On the basis of end user, global sleep apnea devices market is segmented into hospital/clinics, diagnostic centers, ambulatorycare centers, specialty care center and home healthcare. In 2021, hospital/clinics segment is expected to dominate the global sleep apnea devices market as it provides patients with the best and accessible healthcare services.
- On the basis of distribution channel, global sleep apnea devices market is segmented into direct tender and retail sales. In 2021, direct tender segment is expected to dominate the global sleep apnea devices market as it provides quality and accessible sleep apnea devices to various hospitals, diagnostic centers, ambulatory and specialty care centers.
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Global Sleep Apnea Devices Market Drivers:
The continuous growing sleep apnea patient base is a pivotal factor that drives the sleep apnea device market. About 4% of men and 2% of women suffer from OSA. Due to incessantly rising obesity and the association of co morbidities such as drug-resistant hypertension, congestive heart failure, Type 2 diabetes, stroke, etc., the sleep apnea patient pool is likely to grow in the near future.
The prevalence of sleep apnea is as high as 70% in obese people and OSA becomes more severe with increasing obesity. Studies show that 30% to 50% of the patients with a heart disease have OSA; nearly 60% of stroke patients suffer from the disease.
Due to changing lifestyles, the obese population and incidences of cardio-vascular diseases is on the rise, which in turn is likely to expand the sleep apnea patient pool. As per the Centers for Disease Control and Prevention (CDC), 36% of the U.S. adults were obese in 2010 and nearly 42% will be obese by 2030.
This dramatic increase in the obesity epidemic is likely to add to the pool of sleep apnea patients. Increasing awareness with regards to hypertension, stroke, Type II diabetes/adult onset diabetes, and cardiovascular diseases, along with their association with sleep apnea, is likely to fuel the sleep apnea diagnosis as well as treatment patterns in the near future.
According to the American Academy of Sleep Medicine, the number of accredited sleep labs that test for sleep disorder has quadrupled in the past decade. Over prescription of overnight tests to diagnose apnea has also contributed significantly in escalating the growth of the U.S. sleep apnea diagnostic devices market.
The gradually increasing awareness with regards to sleep apnea and available diagnostic/therapeutic options is another significant factor that is slated to increase the growth of this market.
Rising alertness of the benefits of these treatments and risks associated with sleep apnea has managed to educate the stakeholders.
Riding on the efforts of sleep apnea device manufacturers, awareness levels among primary care givers, sleep specialists, and patients is gradually rising. Various firms and organizations are engaging themselves in social awareness campaigns and educational workshops to increase the awareness of the disease among physicians and the general public.
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Core Objectives Of Sleep Apnea Devices Market Research
- To analyze global sleep apnea devices status, future forecast, growth opportunity, key market and key players.
- To present the sleep apnea devices development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
Key Pointers Covered in the Sleep Apnea Devices Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Healthcare Outcomes
- Market Cost of Care Analysis
- Market Regulatory Framework and Changes
- Market Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
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