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Sleep Apnea Devices Market latest Growth On Top Key Players - Braebon Medical, Philips, GE Healthcare, ResMed, Compumedics, Carefusion, Invacare, Paykel Healthcare, BMC Medical, Cadwell Laboratories, Itamar Medical, Curative Medical and ImThera Medical

11-13-2018 02:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

Sleep Apnea Devices Market latest Growth On Top Key Players -

MarketStudyReport.com offers 2017 report on global Sleep Apnea Devices market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

Availability of insurance coverage for treatment of variety of sleep disorders is predicted to propel sleep apnea devices market growth over forecast timeframe. Medicaid and Medicare cover the cost of oral appliances in most of the cases, if records are maintained properly. However, the coverage varies from one service provider to another and from one region to another.

Japan dominated Asia Pacific sleep apnea devices market in 2016 and trend is likely to continue in forthcoming years. The aging demographics vulnerable to sleep related disorders, availability of new and advanced sleep apnea devices and elevated levels of accessibility to healthcare services will fuel Japanese sleep apnea devices market growth over forecast period.

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Some of the players operating in sleep apnea industry are Braebon Medical, Philips, GE Healthcare, ResMed, Compumedics, Carefusion, Invacare, Paykel Healthcare, BMC Medical, Cadwell Laboratories, Itamar Medical, Curative Medical and ImThera Medical.

Major industry players are increasing their focus on launch of new and technologically advanced products. For instance, in August 2016, Fisher & Paykel Healthcare launched F & P Brevida nasal pillow mask for treatment of obstructive sleep apnea.

Prevalence of sleep disorders is rising steadily from past few years. As per American Sleep Apnea Association, around 22 million people in U.S. suffers from sleep apnea. Moreover 80% of the cases of obstructive sleep apnea are undiagnosed. Increasing prevalence of sleep related disorders will stimulated the demand for sleep apnea devices in forthcoming years.

However, lack of adherence to sleep apnea treatment coupled with dearth of well researched sleep laboratories and trailed professional in emerging economies will impede the industry growth to some extent.

Therapeutic product segment dominated industry in 2016 and is forecasted to witness robust growth in foreseeable future. Increasing demand for positive airway pressure (pap) device, adaptive servo-ventilation (ASV), and oral appliances to treat different sleep related diseases will propel the segment growth.

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North America dominated global sleep apnea devices market in 2016 due to high prevalence of sleep apnea and related diseases, increased accessibility to healthcare services and presence of technologically advanced sleep apnea products. U.S. accounted for majority of revenue share in North America region. Moreover, presence of favorable reimbursement policies in the region will propel the regional growth.

Complete report for 2017-2024 on Sleep Apnea Devices market is now available at https://www.marketstudyreport.com/reports/sleep-apnea-devices-market

Related Report:

Neurovascular Devices Market 2017 by Manufacturers, States, Type and Application, Forecast to 2024

Neurovascular Devices Market research report is added by Market Study report by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

https://www.marketstudyreport.com/reports/neurovascular-devices-market/?utm_source=RR&utm_medium=DC

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