Sleep Apnea Device Market Size to Grow USD 6.9 Bn With Drive Devilbiss Healthcare, MedTech, Fisher & Paykel Healthcare Limited, Lowenstein Medical, etc | Forecast Between 2019 to 2022

Exclusive Analysis by MarketResearchFuture.com of Global Sleep Apnea Device Market Research Report 2019 to 2023, with respect to region specific market growth and competitive analysis on the basis of major players present in the market. Detail analysis on possible segments and sub segments of the market. Provide country level analysis of the market with respect to the current market size and future prospective.

Sleep Apnea Device Market - Overview:

The Global Sleep Apnea Device Market is advancing at a steady pace with tailwinds provided by the advancing technologies. Sleep apnea is a sleeping disorder where the breathing becomes irregular due to internal interruptions. This can hamper the natural intake of air and brain can receive less oxygen due to this. Several factors such as obesity, large neck size, enlarged tonsils, small jaw bone, allergies, sinus problem can increase the chance of sleep apnea. Hereditary problems can also trigger it. Such factors are also common in people whose age is above 40. Sleep apnea devices help in maintaining a steady supply of air and thus, easing the breathing process during sleep.

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In recent times, cases related to sleep apnea are getting recorded more which has spurred the sale of sleep apnea devices. The global sleep apnea devices market can anticipate a 7.8% CAGR during the forecast period (2016-2022), and it can exceed a valuation of USD 6.9 billion by the end of 2022. Market Research Future (MRFR) has put forward these claims in a recently published report that also includes market segments, influencing factors, competitive landscape, and expert opinions.

The technological advancement in the sleep apnea device sector is unprecedented. With increasing awareness regarding the problems of sleep apnea, people are now focusing on having sufficient treatment. This hike in awareness has influenced market titans in coming up with technologies that would ease the breathing process and ensure sound sleep. For this, an increase in the investment for research and development can be witnessed which can back the growth of the sleep apnea device market. At the same time, non-surgical procedures are becoming more popular than surgeries of which people have some reservation. This is also easing the foraying process of several companies into the sleep apnea device market.

Competitive Landscape:

Notable market players in the global sleep apnea device market are Drive Devilbiss Healthcare, MedTech, Fisher & Paykel Healthcare Limited, Lowenstein Medical, Cadwell Laboratories Inc, Consumer Sleep Solution LLC, Invacare Corporation, Philips Healthcare, Natus Medical Incorporated, Resmed Inc, Koninklijke Philips, SomnoMed, Compumedics, Nihon Kohden Corporation, BMC Medical, and Braebon Medical Corporation.

Inspire Pulse Generator is an excellent innovation that has two leads. One is placed inside the chest like a pacemaker and the other part on the tongue. When a patient breathes in, it senses the steps and nudges forward the tongue to provide more passage to ease the intake process.

In 2018, Sommetrics launched their new technique aerSleep that is most effective for patients who cannot tolerate CPAP. The process is non-invasive and doesn’t require a mask or any other appliance. It uses negative external air pressure to clear space in the airway.

Segmentation:

The global sleep apnea device market can be segmented by type and end-user for a better understanding of the entire market.

By type, the sleep apnea device market includes therapeutic and diagnostic sleep apnea devices. The therapeutic device can be further segmented into accessories, oral appliances, positive airway pressure (PAP) devices, continuous positive airway pressure (CPAP), facial interfaces (mask), adaptive servo-ventilators (ASV), and other therapeutic devices that includes oxygen concentrators and airway clearance systems. The therapeutic device, as of 2016, held the maximum share in the market. In that segment itself, PAP device segment reigned supreme in 2017. The diagnostic device segment can be studied by segmenting it into polysomnographs (PSG) and oximeter.

On the basis of end-user, the sleep apnea device market can be segmented into sleep laboratories, hospitals, and home care. The home care/individual segment can expect the highest CAGR during the forecast period.

Regional Analysis:

Region-specific understanding of the sleep apnea device market requires in-depth study of namely North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW).

North America’s market share is astounding, and at present, the region is leading the market with sizeable revenue. The steep increase in home sleeping devices can be considered the major influence on the regional market. The region is also benefiting from the funding of both government and private institutions which promotes a drive to produce technologically-advanced products in this market.

Europe is expecting high growth during the forecast period as the non-invasive and painless cardiorespiratory monitors are gaining precedence in assessing oxygen level in the blood.

The APAC market is expected to gain more from government initiatives. The region has a huge undiagnosed sleep apnea disorder pool which can be tapped by promoting the sleep apnea devices in the region.

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