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Global Sleep Apnea Devices Market is expected to grow at a CAGR of 9.60% during the forecast period from 2019-2025
Global Sleep Apnea Devices Market 2019, Global Sleep Apnea Devices Market Growth, Global Sleep Apnea Devices Market Trends
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Global Sleep Apnea Devices Market by Type (Therapeutic Devices, Diagnostic Devices), End User, and Region" and Global Forecast 2018-2025.
Major playersoperating in the market areKoninklijke Philips, Resmed, Braebon Medical, Fisher &Paykel Healthcare, Drive Devilbiss Healthcare, Somnomed, Whole You, Compumedics, L?wenstein Medical, Phillips Healthcare, Weinmann Medical Devices GmbH, Itamar Medical Ltd., Novasom, Curative Medical Inc., Invacare Corporationand others.Major players are engaged in developing new technologies to retain their foothold in the global market. For instance,in March 2018, Nihon Kohdencommercially launched its NKHiQTM Wireless Patient Monitoring System.
The typesegment is classified into therapeutic and diagnostic devices.The Diagnostics devices segment accounted for the largest share and was valued around USD 2.75 Billion in 2017. Rising patient awareness and increasing demand for early diagnosis is driving the growth of the segment. Large number of undiagnosed patients is providing lucrative opportunities to manufacturers, this in turn is expected to drive market growth over the forecast period for diagnostic devices segment.End user segment is bifurcated into sleep laboratories & hospitals and home care/individuals. The home care/individuals segment of the market is estimated to grow at the highest CAGR of 11.74% during the forecast period. This can be attributed to the preference for home care in sleep apnea diagnosed patients.
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Sleep apnea is most prevalent in the elderly population which increases the risk of other diseases such as high blood pressure, heart disease, strokes, diabetes, systemic hypertension and depressionare expected to enhance the growth of the segment. In addition, Growing awareness regardingis also driving the market.Lack of awarenessmay restrict thegrowth of the market. However, rising use of portable sleep apnea devices and increasing government support for start-up companies are driving the growth of the market in forecast period.
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