Obstructive Sleep Apnea Drugs Market Report 2022-28 | Size, Trends, Growth Analysis

Precision Business Insights published a research report on "Obstructive Sleep Apnea (OSA) Drugs Market: by Drugs (CNS stimulants, Benzodiazepines, Hypnotics), Distribution channel (Hospital pharmacies, Retail Pharmacies, Online Pharmacies) - Global/Region/Country Forecast to 2028"

Sleep apnea is a sleeping disorder that is characterized by uneven breathing, which deprives the brain of oxygen. According to a report published by the American Sleep Association in 2020, an anticipated 55 million to 75 million persons in the United States suffer from sleep disturbances. Furthermore, the Canadian Respiratory Journal reported in 2014 that around 5.9 million persons in Canada had been identified with sleep apnea or were at a higher risk of acquiring OSA. According to a ResMed study from 2018, approximately 170 million European people suffer from sleep apnea. COVID-19 has had a detrimental impact on the market for sleep apnea devices. The market encountered operational and logistic issues as a result of the statewide lockdowns, which reduced demand for sleep apnea equipment. As a result of the virus's negative influence on sleep apnea sufferers, demand for and manufacture of sleep apnea devices also including masks, sleep ventilators, and PAP devices increased.

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During the forecast period, technological advancements are expected to take the sleep apnea devices market forward. Oral appliances, oxygen equipment, and actigraphy systems have all improved the treatment outcome as well as success rate for sleep problems. Industry companies are concentrating their efforts on research and development in order to develop new technologies. For example, ResMed introduced AirMini, the world's smallest PAP device that connects to AirView's remote patient monitoring platform. Patients can view their information on their phones using this device. As a result, the deployment of such cutting-edge gadgets will propel market expansion in the future years. On the other hand, market growth is projected to be hampered by the high cost of CPAP equipment, as well as complex referral processes, long waiting periods, as well as concerns about product recalls. In addition, the sleep apnea devices market is expected to face challenges in the forecast period due to a lack of patient compliance.

The Global Obstructive Sleep Apnea Drugs Market on the basis of Drugs, the market is classified into CNS stimulants, Benzodiazepines, and Hypnotics. On the basis of Distribution channel, the market is divided into Retail Pharmacies, Hospital pharmacies, and Online Pharmacies.

Owing to the high frequency of respiratory problems in the region, North America leads the sleep apnea devices market. The ageing population and rising prevalence of lifestyle illnesses in Asia-Pacific (APAC) are likely to drive substantial growth over the forecast period.

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There are several industry players working in the Obstructive Sleep Apnea Drugs Market, which include Biogen, Inc (U.S). Pfizer, Inc. (U.s) Johnson & Johnson Services, Inc. (U.S) Otsuka America Pharmaceutical, Inc. (U.S) Eli Lilly & Company (U.S) Merck & Co., Inc. (U.S) AstraZeneca (UK) Novartis AG (Switzerland) Teva Pharmaceutical Industries Ltd.(Israel) Shire Plc. (Ireland)

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