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Sleep Apnea Devices Market Size, Share and Trends Study Released by Top Key Players
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Between the two, the therapeutic division dominated the sleep apnea devices market in 2017 and is further projected to grow at a faster CAGR of 7.9% during the forecast period. The reason for this is the rising number of OSA cases around the world. The division is further categorized into adaptive servo-ventilators (ASV), facial interfaces, oral appliances, positive airway pressure (PAP) devices, and others (which include stimulators, hypoglossal pacemakers, nasal stents, and infusion pumps). Among these, the PAP devices accounted for the major share (32.1%) of the market in 2017.
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The surging prevalence for home health care is a key trend being witnessed in the sleep apnea devices market. The preference of people is shifting toward home health care from residential and acute in hospitals and other healthcare settings. Patients suffering from sleeping disorders have experienced improved quality of life, value-based treatment, and cost-effective treatments with the adoption of home health care. The rising availability and adoption of wearable devices, which monitor oxygen saturation, heartbeat, and pulse rate, are enhancing the efficiency of sleeping disorders' treatments.
Hence, the market is growing due to the rising prevalence of OSA and increasing utilization of portable sleep apnea devices.
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