Sleep Apnea Devices Market To Get Rise By Top International Players by 2025 | RedMed, Koninklijke Philips N.V., Fisher & Paykel, Braebon Medical Corporation, Compumedics Limited

Sleep apnea is a disorder resulting into loud snoring, which consists of three types namely obstructive sleep apnea, central sleep apnea and complex sleep apnea syndrome. The symptoms of sleep apnea are loud snoring, variations in breathing, awaking in between of sleep, lack of attention, excess of daytime sleep, irritability and lack of sleep during night. Nasal congestion, over-weight, being older, circumference of neck, narrowed airway, habit of constant smoking and drinking, family history are various risk factors for sleep apnea.

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The sleep apnea devices market is estimated to grow at a CAGR of 7.9% during the forecast period from 2018 to 2025. The market for sleep apnea devices is estimated to reach US$ 8,305.3 Mn in 2025. The market for sleep apnea devices is witnessing a potential growth rate during the previous years and is expected to witness similar trend in the coming years.

Key Market Players:
1. RedMed
2. Koninklijke Philips N.V.
3. Fisher & Paykel
4. Braebon Medical Corporation
5. Compumedics Limited
6. BMC Medical Co., Ltd.
7. Fisher & Paykel Healthcare Limited.
8. SomnoMed Limited
9. Weinmann Emergency Medical Technology GmbH + CO. KG
10. Devilbiss Healthcare LLC

Additionally, major players in the market are engaged in research and development activities. Various players have been upgrading their product portfolio by applying for approvals. In May, 2017, ResMed launched soft CPAP Mask. With expansion activities, companies are focusing towards strengthening their customer base by providing services to varied applications. For instance, in May, 2014, SomnoMed Ltd. expanded its business in Portugal and Spain.

The market for sleep apnea devices is well established in North America region, especially in the US and Canada. The market is the US is governed by the presence of key players manufacturing sleep apnea devices such CPAP devices.

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