Global Sleep Apnea Devices Market is forecasted to witness a growth of 7% by 2026 - Move towards Home-Sleep Testing & Growing awareness on the ill-effects of Untreated Sleep Apnea

Obstructive sleep apnea (OSA) is the most common form of sleep-disordered breathing (SDB). It is a partial or complete collapse of the upper airway caused by the relaxation of the muscles controlling the soft palate and tongue. The prevalence of OSA has been increasing slowly, and as per reports, it affects 3% to 20% of the general population.

Technological Advancements are driving the Growth of the Sleep Apnea Devices Market

The sleep apnea devices market is a technology-driven market and is marked by consistent trends and market advancements.

For instance,
• In October, 2021, AirAvant Medical introduced a new device called Bongo Rx for the treatment of obstructive sleep apnea (OSA). The device is touted as continuous positive airway pressure (CPAP) alternative and is clinically proven to treat mild to moderate OSA symptoms.
•In August 2021, Resmed, launched AirSense 11, the company's next-generation PAP (positive airway pressure) device. AirSense 11 includes new features such as Personal Therapy Assistant and Care Check-In designed to provide tailored guidance to PAP users, helping ease them into therapy and comfortable nightly use.

Growing Move Towards Home Sleep Apnea Test (HSAT) Fuels the Demand of the Global Market

The traditional way of sleep apnea testing required an overnight stay at a sleep lab. However, the trend is changing now and home sleep tests are now rising in popularity. A home sleep apnea test (HSAT) is an overnight test which is conducted outside the hospital or sleep lab. These tests are conducted using a special device that measures sleep patterns during the night. HSATs cost less, generally require only a few monitors & straps, and can take place in the comfort of a person's home.

A home sleep apnea test (HSAT) is financially more friendly. It costs $200 to $600, which is relatively less than $800 to $3,000 for an overnight visit to a sleep lab. Also, insurers are increasingly requiring HSAT as a first step before paying for an in-lab sleep apnea test." -Product Manager, Leading Sleep Apnea Diagnostic Device Manufacturer, United States

Favorable Reimbursement of Sleep Apnea Devices in Leading Regions

The diagnosis and treatment of obstructive sleep apnea in United States are covered when Medicare coverage criterias are met. Medicare Part B (Medical Insurance) covers Type I, II, III, and IV sleep tests and devices if you have clinical signs and symptoms of sleep apnea.

• In US, the diagnosis of OSA is covered. Examples of covered diagnostic services include - Oximetry Testing, Polysomnography and Sleep Studies, and Home Sleep Studies.
• The treatment of OSA is also covered in US. Examples of covered treatments include - Continuous Positive Airway Pressure (CPAP), Respiratory Assist Devices including Bilevel Positive Airway Pressure (BiPAP), Mandibular Devices/Oral Appliances.

Growth Strategies Adopted by Top Market Players to Establish Their Foothold in Sleep Apnea Devices Market

The global sleep apnea devices market is marked by the presence of both established and new players. Players operating in the market have adopted efficient growth strategies such as new product launches, collaborations and partnerships to garner a higher market share.

For instance,
• In December 2021, ZOLL® Medical Corporation, completed the acquisition of Itamar™ Medical Ltd., a medical device and digital health company that provides at-home testing for sleep apnea.
• In February 2021, GoPAPfree, a homecare provider of oral appliance therapy for obstructive sleep apnea launched a new oral appliance - O2Vent Optima.

The sleep apnea devices market is marked by the presence of established market players such as ResMed, Philips Respironics, Fisher & Paykel Healthcare, SomnoMed, Itamar Medical, Inspire Medical Systems, Compumedics, Oventus Medical, Natus Medical, Drive DeVilbiss Healthcare, Whole You, BMC Medical, among others.

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Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

This release was published on openPR.