Sleep Apnea Devices Market To Have US$ 10.5 Billion Size and 7.07% CAGR by 2027, Says IMARC Group | GE HealthCare, Whole You™, Boston Medical Center (BMC) and More

IMARC Group has recently released a new research study titled "Sleep Apnea Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Market Outlook:

The global sleep apnea devices market size reached US$ 7.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.5 Billion by 2027, exhibiting a growth rate (CAGR) of 7.07% during 2022-2027. Sleep apnea, or sleep-disordered breathing (SDB), refers to an acute medical condition in which the oxygen supply to the brain is obstructed during sleep. It is caused by blockages in the airway resulting in irregular breathing patterns and loud snoring, with the individual often gasping for breath. Some of the commonly available sleep apnea diagnostic and therapeutic devices include bilevel positive airway pressure (BiPAP), continuous positive airway pressure (CPAP), and variable positive airway pressure (VPAP) machines. They are used to evaluate the patient respiratory and other bodily functions during sleep. In addition to this, numerous oral devices, such as the mandibular advancement device (MAD) and tongue retaining device, are also utilized for treating mild to moderate cases of sleep apnea.

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Market Trends: 

Continuous improvements in healthcare infrastructures and the expanding geriatric population, who are more susceptible to developing hypertension, diabetes, cardiovascular diseases (CVDs), etc., are primarily augmenting the sleep apnea devices market. Furthermore, the growing prevalence of obstructive sleep apnea disorder (OSA), central sleep apnea, and complex sleep apnea syndrome is positively influencing the global market.

Apart from this, the rising consumer awareness towards the prolonged effects of sleep apnea is acting as another significant growth-inducing factor. Moreover, several product innovations, including the introduction of out-of-center (OOC) testing devices that examine cardiovascular, oximetry, and respiratory parameters, as well as sleep patterns, for the diagnosis of OSA, are bolstering the market growth. Besides this, the miniaturization and the development of affordable devices by various brands are expected to fuel the sleep apnea devices market in the coming years.

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Sleep Apnea Devices Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the global sleep apnea devices market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered:

• BMC Medical Co. (SHE: 301367)
• Braebon Medical Corporation
• Cadwell Laboratories Inc.
• CareFusion Corp.
• Curative Medical Inc.
• Devilbiss Healthcare
• Fisher & Paykel Healthcare (OTCMKTS: FSPKF)
• GE Healthcare (NYSE: GE)
• Invacare (NYSE: IVC)
• Oventus Medical
• Panthera Dental
• ResMed (NYSE: RMD)
• Somnomed Ltd. (ASX: SOM)
• Vyaire Medical Inc.
• Whole You Inc.

Report Segmentation:

The report has segmented the global sleep apnea devices market on the basis of product type, end-user and region.

Based on Product Type:

• Therapeutic Devices
• Diagnostic Devices

Based on End-User:

• Hospitals and Clinics
• Sleep Laboratories
• Homecare Settings
• Others

Geographical Analysis:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.