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Sleep Apnea Market Overview, Trends, Growth, Demand, Key Players Analysis and Forecast to 2031 | ResMed Inc., Philips N.V., BMC Medical Co. Ltd.
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Surging prevalence of sleep apnea and related co-morbidities along with growing awareness regarding sleep disorders is amongst the major factors stimulating the overall market growth. Technological advancement is set to propel sleep apnea devices market growth during the forecast period. These advancements in oral appliances, oxygen devices, actigraphy systems have increased the sleep disorders treatment outcome and success rate.
The growing geriatric population due to increasing life expectancy is expected to lead to a rise in the prevalence of sleep disorders. Moreover, people with obesity and hypertension are more likely to develop sleep apnea. Aging is a major factor driving the market growth for sleep apnea devices. The elderly are the most at risk for developing this disorder.
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Key Trends and Drivers:
1.The massive pool of undiagnosed patients of sleep apnea holds tremendous potential for the sleep apnea devices market. It is expected with the ongoing awareness campaigns and efforts, the untouched patients base would be diagnosed and treated for the sleep apnea.
2.This combined with increasing number of sleep clinics and sleep technicians globally is facilitating the growth of the market.
3.People's sedentary lifestyles have resulted in an increase in the prevalence of cardiovascular illnesses, poor sleep habits, high-stress levels, and obesity.
Market Segments
The Sleep Apnea Market has been segmented into Type, End-User, and Region. Based on the Type, the Sleep Apnea Market is bifurcated into Therapeutic Devices and Diagnostic Devices. Based on End-User, the market is segmented into Sleep Laboratories and Clinics and Home Care and Other Settings. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
Some major key players of Sleep Apnea Market are Braedon Medical Corporation (Canada), SomnoMed (Philippines), ResMed Inc. (US), Philips N.V. (Netherlands), BMC Medical Co. Ltd. (China), Fisher & Paykel Healthcare (New Zealand), Advanced Brain Monitoring Inc. (US), Devilbiss Healthcare LLC (US), Whole You, Inc. (US), and Natus Medical Incorporated (US).
-Philips N.V.
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