NORTH AMERICA HELD THE LARGEST MARKET SHARE OF THE SLEEP APNEA DEVICES MARKET IN 2018, MAINLY ATTRIBUTED TO THE RISING INCIDENCE OF SLEEP DISORDERS – AXIOM MRC

With the technology developments in the facial interfaces, the comfort level on using the Continuous Positive Airway Pressure (CPAP) devices would surge and the adoption would be larger. Growing awareness levels of sleep apnea and rising number of sleep labs will further expand the existing consumer base thus fostering the market growth.

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New York, May 13, 2019: Axiom Market Research & Consulting™ added a report on global sleep apnea devices market which includes study on various diagnostic devices, therapeutic devices and end users across several countries of key regions around the world. The global sleep apnea devices market was projected to grow at a CAGR of 7.28% for the forecast period 2019 to 2025. The global market is estimated and forecasted in terms of revenue (USD billion) generated by the sleep apnea devices market.

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The commercially available devices of sleep apnea in the market include polysomnography devices (PSG), pulse oximeters, actigraphy devices and others. Furthermore, the therapeutic devices used in this vertical are positive airway pressure (PAP) devices; (including continuous positive airway pressure (CPAP) devices, bi-level positive airway pressure (BiPAP) devices and auto positive airway pressure (APAP)); adaptive servo ventilation (ASV) devices; oxygen devices (including oxygen concentrators, portable oxygen concentrators and liquid portable oxygen); oral appliances; and masks & accessories. The major end users of these products include sleep laboratories & hospitals and home care. Additionally, geographically, the global sleep apnea devices industry is studied for North America, Europe, Asia Pacific and Rest of the World.

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The growth of the global sleep apnea devices market has been mainly triggered by the surging prevalence of sleep apnea. In additional, technological developments coupled with the initiatives by market players, the government to increase awareness regarding sleep apnea, and the various technological advancements brought about by players to make the products comfortable for patients boost the growth of the market.

For greater growth opportunities in the sleep apnea market, the established market players need to:
• Invest in the customer support training programs for the retailers
• Build strong relationships with the purchase decision influencers like sleep technicians, retail outlets and pharmacies
• Integrate digital technologies; there is significant revenue potential in leveraging digital devices for sleep apnea
• Invest in regional capacity and expertise
• Focus on adopting inorganic as well as organic growth strategies

The major market players in the sleep apnea devices market include ResMed, Inc., Koninklijke Philips, and Fisher & Paykel Healthcare Ltd. Other players in the sleep apnea diagnostic devices market include SomnoMed Ltd., Compumedics Limited, Löwenstein Medical GmbH & Co. KG., Whole You, Inc., BMC Medical Co., Ltd., Drive DeVilbiss Healthcare, and Braebon Medical Corporation.

Axiom Market Research & Consulting™ offers market research and data analytics services such as syndicated market research reports, custom market research reports, business consulting, consumer/end user survey, data processing & analytical services, social media analytics across various industry verticals such as, Life Science, Chemicals &Materials, Food & Beverages, Packaging Agriculture, Power & Energy.

Market research reports are based on scientifically developed statistics and content analytics tool ‘Qual-Quant Data Model’, in which various industry vertical’s qualitative information such as market drivers, restraints, opportunities, market trends, competitive landscapes etc. are tracked and compared. The tool also helps in the extraction of market size and growth rates and compares the value chain of the industry vertical.

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This release was published on openPR.