Sleep Apnea Devices Market - Growth, Trends, and Forecast (2019 - 2025)
Technological advancements in sleep apnea devices is a major market growth augmenting factor. Hypoglossal Nerve Stimulation (HNS), is a completely novel approach for treating obstructive sleep apnea. Moreover, growing alcohol intake in developed as well as developing economies will significantly contribute to rise in sleeping disorders, thus fostering industry growth across the forecast timeframe.
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Sleep Apnea Devices Market will exceed USD 10.0 billion by 2025. Sleep apnea is an acute sleep disorder in which breathing is frequently interrupted during sleep. It can lead to several chronic disorders such as diabetes, heart diseases and other long-term health risks if left untreated. Increasing prevalence of sleeping disorders across the globe is a major growth stimulating factor for sleep apnea industry. According to the National Healthy Sleep Awareness Project, in 2014 nearly 25 million U.S. adults suffered from sleep apnea and other sleeping disorders, leading to business growth.
Polysomnography (PSG) device segment is expected to hold major revenue of USD 770.1 million in 2018. This device is used for the diagnosis of sleep disorders. The rising demand of efficient, superior and portable sleep apnea devices will drive the segmental growth. Moreover, availability of favorable insurance coverage for treatment of sleep apnea and other sleep disorders will further augment sleep apnea devices industry growth.
Airway clearance systems segment is estimated to witness 6.0% CAGR across the forecast timeframe. Primary purpose of the airway clearance system is to facilitate entry of oxygen and to eliminate carbon dioxide from the body. High segmental growth is attributable to increasing prevalence of sleeping disorders coupled with rising awareness among the population about various treatment solutions for obstructive sleep apnea.
U.S. sleep apnea devices market accounted for revenue over USD 2.0 billion in 2018 owing to easy availability of high-quality and efficient sleep apnea treatment in the market. Also, rising number of companies manufacturing sleep apnea diagnostic and therapeutic devices is another chief business growth fostering factor. U.S. consists of a large proportion of the population suffering from sleeping disorders, will further boost U.S. sleep apnea market growth.
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Prominent industries players involved in sleep apnea devices market are Becton Dickinson, BMC Medical Co. Ltd., Cadwell Laboratories Inc., Braebon Medical Corporation, Compumedics Limited, GE Healthcare, Fisher & Paykel Healthcare, ImThera Medical Inc., Itamar Medical Ltd., Invacare Corporation, Curative Medical Inc., Natus Medical Inc., Philips Healthcare and others. These key industry players adopt various strategies such as geographic expansion, joint ventures, mergers and acquisitions to capture larger market share. For instance, in April 2017, Philips announced the launch of ?Dream Series? range, to help treating people with obstructive sleep apnea, thus boosting the business growth.
Table of Content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Sleep Apnea Devices Industry Insights
Chapter 4. Sleep Apnea Devices Market, By Product
Chapter 5. Sleep Apnea Devices Market, By Region
Chapter 6. Company Profiles
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Global Sleep Apnea Device Market Insights, Forecast to 2025
The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Annual estimates and forecasts are provided for the period 2018 through 2025. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company
• Fukuda Denshi
• Infinium Medical
• GE Healthcare
• Nihon Kohden
• Philips Healthcare
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