Sleep Apnea Device Market overview, trends, growth, demand, key players analysis and forecast 2022-2032 | Fisher & Paykel Healthcare , Advanced Brain Monitoring Inc., Devilbiss Healthcare LLC

Sleep apnea is a common sleeping disorder that breaks breath many times during sleep. Obstructive Sleep Apnea (OSA) is the common type of sleep apnea, it causes snoring when the soft tissue in the back of the throat relaxes during sleep and blocks the airway. Polysomnogram is the most common sleep study for diagnosing OSA. This study records brain activity, eye movements, heart rate and blood pressure.

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Sleep apnea is a serious sleep disorder in which breathing repeatedly fluctuates. There are three main types of sleep apnea, obstructive sleep apnea, central sleep apnea, and complex sleep apnea syndrome.
Obstructive Sleep Apnea (OSA) has also created an economic burden on society due to the presence of a large pool of undiagnosed patients that causes high collateral losses and public & private expenditure on the management. For instance, the estimated total economic burden caused by undiagnosed sleep apnea is nearly USD 150 billion. Thus, an increasing number of people suffering from this disorder has resulted in an increased demand for sleep apnea diagnostic devices.

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.

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3.People's sedentary lifestyles have resulted in an increase in the prevalence of cardiovascular illnesses, poor sleep habits, high-stress levels, and obesity.

4.Insurance coverage for treatment of sleep apnea and other sleep disorders, Product innovation strategy adopted by key industry players.

Restraints and Challenges

1.Lack of adherence to sleep apnea treatment is amongst the major factors hampering the adoption of sleep apnea devices.

Treatment compliance, especially of the CPAP, has always been an issue with sleep apnea patients.

3.Developed countries have a well-established infrastructure and reimbursement system in place. However, developing countries have a lackluster reimbursement system, and a significant out of pocket costs for patients.

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COVID-19 Impact

Diagnostic devices suppliers witnessed a decline in sales revenue growth of sleep apnea diagnostic devices due to temporary closure of sleep clinics and medical equipment suppliers owing to quarantines and government restrictions. The growth of the sleep apnea devices market has massively increased due to the sudden outbreak of the COVID-19 pandemic.

Lockdowns in nations across the globe increased the adoption of home sleep apnea tests (HSATs) over PSG devices. Telemedicine and teleconsultations also gained popularity during the pandemic, which further supported the growth of the market.

Key players reported a significant growth in the revenue from due to increase in number of patients suffering from sleep disorders due to excessive stress resulting from the COVID-19 pandemic.

Market Segments

The  Sleep Apnea Devices Market has been segmented into product, end-user, and region. Based on Product, the France sleep apnea devices market is divided into therapeutics, diagnostic devices, and sleep apnea masks. Therapeutic segment further sub-segmented into clearance airway system, adaptive servo-ventilation (ASV), positive airway pressure (PAP) device, oral appliances, oxygen devices, and others. Whereas, diagnostics devices su categorized into Actigraphy systems, Polysomnography (PSG) device, Respiratory polygraph, and Sleep screening devices. Based on End-user, it is divided into Home care settings and Sleep laboratories & hospitals. 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).

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