Market Research Report
Global Sleep Apnea Device Market Research Report-Forecast till 2027
|Published by||Market Research Future||Product code||1002676|
|Published||Content info||159 Pages
Delivery time: 1-2 business days
|Global Sleep Apnea Device Market Research Report-Forecast till 2027|
|Published: March 1, 2021||Content info: 159 Pages||
Global Sleep Apnea Device Market is anticipated to exhibit a CAGR of 6.52% during the assessment period of 2020 to 2027, to surpass USD 7,683.72 Million by 2027. The global market growth is driven by technological advancements in sleep apnea devices. There are many lucrative opportunities for the major market players to develop advanced, safe, and comfortable products in the future.
The global Sleep Apnea devices market is expected to record significant market growth during the review period. The increasing incidences of sleep apnea and the growing geriatric population which leads to respiratory disorders are the major factors creating a huge demand for sleep apnea devices during the global market. According to the report published by ResMed at the American Thoracic Society (ATS) 2018 International Conference, OSA afflicted more than 936 million people worldwide in 2018, which is almost 836% more than the affected population in 2007. Therefore, the increasing number of people suffering from this disorder has resulted in a rising demand for sleep apnea diagnostic devices.
Global Sleep Apnea Device Market has been classified into Type and End User.
Based on the type segment, the global sleep apnea device market has been bifurcated into diagnostic and therapeutic devices. Diagnostic devices are further divided into polysomnography devices, home sleep testing devices, pulse oximeters, sleep screening devices. Polysomnography devices dominated the market in 2019.
Polysomnography devices are applicable to observe sleep stages and cycles to identify when sleep patterns are disrupted and why. The rising number of product advancements and launches is also fuelling the growth of this segment.
Geographically, the Global Sleep Apnea Device Market has been classified into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is likely to drive the market during the review period owing to the largest market share in 2019. The regional market has been classified into North America and Latin America, with the North American market further bifurcated into the US and Canada. The regional market is driven by the increasing prevalence of Obstructive Sleep Apnea (OSA), rising patient adherence for positive airway pressure devices, and medical coverage for sleep apnea devices.
The European sleep apnea device market has been segmented into Western Europe and Eastern Europe. The increasing elderly population base prone to suffer from sleep disorders is expected to fuel the regional business growth.
Asia-Pacific has been classified into China, India, Japan, South Korea, Australia, and the rest of Asia-Pacific. Asia-Pacific is expected to witness the fastest market growth potential over the review period owing to the rising per capita health spending, the emerging healthcare sector in China, India, and Australia, rising need for sleep apnea device such as continuous positive airway pressure (CPAP) machine used for the diagnosis of sleep disorders, and the increasing patient population suffering from sleep apnea.
The Key Players in the Global Sleep Apnea Device Market are Koninklijke Philips (Netherlands), ResMed (US), LivaNova (UK), Compumedics (Australia), Nihon Kohden (Japan), GE Healthcare (US), Natus Medica (US), BMC Medical (China), Cadwell (US), and Curative Medical (US).
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