PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401443
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401443
Global Sleep Apnea Devices Market is valued at approximately USD 4.2 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2023-2030. Sleep apnea device market is devices used to manage breathing in sleep apnea patients. These devices help in steady flow of oxygen and normal breathing. The Sleep Apnea Devices market is expanding because of factors such as the growth in aged population and increase of population being aware of sleep apnea disease. However, the availability of alternative medication for sleep apnea disease and high cost associated with sleep apnea devices tends to lower the market growth.
Increasing Sleep apnea disease and snoring among senior people tends to rise the Sleep Apnea Devices Market. As, according to Sleep Foundation 2022 snoring was affected to 44% of men and 28% of women. This statistic shows snoring percentage among population which results in rise of people trying to cure this problem and buying sleep apnea devices. Additionally, growth in the geriatric population as sleep apnea disease mostly occurs to senior people leads to growth in Sleep apnea devices market. As, according to world health population between 2015 and 2050, the proportion of the world's population over 60 years nearly double from 12% to 22%. Snoring is an early stage of sleep apnea disease. As, according to yale medicine 90 million of Americans snore at one time or another, while 37 million say they snore regularly. Rising in people snoring leads to rise in sleep apnea disease. Increasing focus on treating disease with telemedicine and growing diagnosis rates for sleep apnea further act as an opportunity for the growth of this market. As, according to Journal of sleep medicine effective use of telemedicine for the diagnosis and management of obstructive sleep apnea, to improve adherence to positive airway pressure therapy.
The key regions considered for the Global Sleep Apnea Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 as changing lifestyle and awareness of sleep apnea disease among population, increasing of aged and obese population. Moreover, presence of more key players in this region and increase in disposable income in this region results in growth of this market. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as the rising commonness of diseases such as cardiovascular diseases, chronic respiratory diseases and more resulting in growth of sleep apnea diseases in this region
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable