Sleep Apnea Devices Market Will Grow at 10.0% CAGR | Market Worth US$ Billion by 2030 | Market Growth Insight

The Global “Sleep Apnea Devices Market” is estimated to be over US$ 4 Billion in 2017. It is anticipated to grow at a CAGR of 10.0% from 2019 to 2030.

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Sleep apnea device is a device that is used to treat sleep apnea that is a chronic respiratory sleep disorder. Sleep apnea is a severe sleep disorder and it is very essential to cure this disorder. This device helps to open up a blocked airway, prevent the airway from collapsing etc. There are various types of sleep apnea device among which continuous positive airway pressure is the most common and reliable method of treating sleep apnea.

Sleep Apnea Devices Market Prominent Players:
ResMed, Koninklijke Philips N.V., Fisher & Paykel Healthcare Limited, Compumedics Limited, DeVilbiss Healthcare LLC, BMC Medical Co., Ltd, VYAIRE, Curative Medical, Invacare Corporation and Somnetics International, Inc

Sleep Apnea Devices Market by Region
The global sleep apnea device market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of sleep apnea devices during forecast period. North America will continue to dominate the global sleep apnea device market due to the rising geriatric population in the region and high incidence of Sleep-Disordered Breathing (SDB). According to the American Sleep Association, in 2018, it was estimated that about 50-70 million adult population in the United States was found to have a sleep disorder. Though, Asia Pacific is expected to grow at highest CAGR during the forecast period owing to increasing prevalence of sleep apnea and initiatives taken by the government & other private organizations to increase awareness about sleep disorders.

Sleep Apnea Devices Market by Product Type
On the basis of product type, the sleep apnea device market is segmented into therapeutic devices (adaptive servo ventilation devices, positive airway pressure devices, oral appliances, airway clearance systems, and oxygen devices) and diagnostic devices (polysomnography devices, oximeter, actigraphy devices and others).The therapeutic devices segment is estimated to account for the largest share in the global sleep apnea device market owing to the positive results of these devices for the treatment of sleep apnea and increasing number of obstructive sleep apnea cases. Amongst various therapeutic devices, oral appliances are the most effective device to treat mild to moderate sleep apnea. They provide a treatment substitute for patients with severe OSA who cannot or will not tolerate positive airway pressure therapy. However, oral appliances are not as effective as CPAP as in few people oral appliances can treat almost all the apnea events but, in others they do not work very well. In spite of their double-retainer-like look, oral appliances are said to be comfortable to use. Sometimes for more complicated sleep apnea an oral appliance and CPAP are used in combination.

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Key Takeaways from Sleep Apnea Devices Report:

• Assess Sleep Apnea Devices market opportunity by analyzing country-level data on market value (CAGR %), volume (units) and value ($M) – for product categories, end-use applications, and various vertical industries.
• Understand the different dynamics influencing the Sleep Apnea Devices market – key driving factors, challenges and hidden opportunities.
• Get in-depth insights into the performance of your competitor – Sleep Apnea Devices market potential, strategies , financial data analysis, product benchmarking, SWOT and more.
• Sleep Apnea Devices report Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the Sleep Apnea Devices industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
• Consider supply-demand gaps, import-export statistics and regulatory system for the development opportunities for more than the top 20 countries.

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