Sleep Apnea Devices Market to Secure USD 14.7 Bn Revenue by 2028, Fueled by 8.5% CAGR | TMR Study

The global 𝐬𝐥𝐞𝐞𝐩 𝐚𝐩𝐧𝐞𝐚 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭, valued at US$ 7 billion in 2020, is projected to witness a steady growth, with a compound annual growth rate (CAGR) of 8.5% from 2021 to 2028, reaching a market value of US$ 14.7 billion by the end of 2028.

Amid the COVID-19 pandemic, multinational corporations and emerging firms in this sector are restructuring their supply chains to mitigate risks, while challenges persist in developing nations like India due to inadequate insurance coverage for obstructive sleep apnea (OSA) and its associated diagnostic and therapeutic equipment. To foster market expansion, med-tech firms are advised to intensify marketing efforts to enhance device acceptance among patients, which can lead to increased insurance coverage for sleep apnea and related conditions.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

ResMed, Inc.,BMC Medical Co., Ltd.,Braebon Medical Corporation,Compumedics Limited,Devilbiss Healthcare LLC,Fisher & Paykel Healthcare Limited,Koninklijke Philips N.V.,Löwenstein Group,Oventus Medical,Panthera Dental,SomnoMed Limited,Whole You (Subsidiary of Mitsui Chemicals, Inc.), among others

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜 𝐃𝐞𝐯𝐢𝐜𝐞

Actigraphy Systems
Polysomnography (PSG) Devices
Respiratory Polygraph
Single-Channel Screening Devices (Pulse Oximeters)

𝐁𝐲 𝐓𝐡𝐞𝐫𝐚𝐩𝐞𝐮𝐭𝐢𝐜 𝐃𝐞𝐯𝐢𝐜𝐞

Airway Clearance Systems
Adaptive Servo-Ventilation (ASV)
Positive Airway Pressure (PAP) Devices
Oral Appliances
Oxygen Devices
Others

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In March 2020, Northwell Health (US) used 3D printed parts to convert BiPAP machines, which are generally used to treat sleep apnea or COPD, into ventilators

In June 2021, Oventus Medical and Aeroflow Healthcare entered into a collaboration agreement to bring Oventus' obstructive sleep apnea (OSA) treatment products, notably O2Vent Optima, directly to customers through sleep clinics in the U.S.

In February 2021, Oventus Medical introduced 02Vent Optima, a customizable oral appliance therapy device, which, through GoPAPfree, provides an alternative to CPAP therapy in the U.S.

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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𝐀 𝐫𝐢𝐬𝐞 𝐢𝐧 𝐏𝐫𝐞𝐯𝐚𝐥𝐞𝐧𝐜𝐞 𝐨𝐟 𝐎𝐛𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐯𝐞 𝐒𝐥𝐞𝐞𝐩 𝐀𝐩𝐧𝐞𝐚 𝐃𝐢𝐬𝐨𝐫𝐝𝐞𝐫 (𝐎𝐒𝐀): 𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫

Obstructive sleep apnea is a prevalent disease, in which people continuously halt or reduce their breathing while sleeping. This leads to restless, fragmented sleep, which could cause symptoms such as morning headaches and daytime lethargy.

Obstructive sleep apnea affects people of all ages; however, it is more common in people over the age of 60. The precise incidence is unknown; however, it is thought to be between 2% and 14%. Obstructive sleep apnea is linked to a number of health problems including hypertension, coronary artery disease, cardiac arrhythmias, and depression.

Obesity, one of the major sleep apnea risk factors, is on the rise and contributes to the increase in the prevalence of sleep apnea
Market Trends:

Recent trends in the sleep apnea devices market include the adoption of telemedicine solutions, the development of compact and portable devices, and strategic collaborations among key players to expand their product portfolios.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Prevalence of sleep disorders globally
Technological advancements in sleep apnea devices
Regulatory landscape and reimbursement policies
Competitive analysis of key market players
Market penetration strategies and expansion opportunities

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future of the sleep apnea devices market looks promising, with sustained growth expected due to ongoing technological innovations, increasing healthcare expenditure, and rising awareness about sleep disorders.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐑𝐮𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/23/2674029/0/en/Rugs-Market-Revenue-Expected-to-Reach-US-37-8-Billion-by-2031-Growth-in-Housing-Construction-Stimulates-Industry-Expansion-Reveals-Transparency-Market-Research.html

𝐀𝐛𝐬𝐨𝐫𝐛𝐞𝐧𝐭 𝐌𝐚𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/23/2674002/0/en/Absorbent-Mats-Market-is-Set-to-Reach-US-4-1-Bn-by-year-2031-end-and-Expected-to-Grow-at-a-Whopping-CAGR-of-5-5-Transparency-Market-Research.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Nikhil Sawlani
Transparency Market Research Inc.
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