Sleep Apnea and Respiratory Monitoring Devices Market: Global Market Size, Share & Trends 2024-2031

Sleep Apnea and Respiratory Monitoring Devices Market worth $ 12.03 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Sleep Apnea and Respiratory Monitoring Devices Market- by Products (Polysomnography Device (PSG), Sleep Apnea Screening Device, Actigraphy Monitoring Device, Respiratory Polygraph, Peak Flow Meters, Gas Analyzers, Oximeter/Finger-Tip Oximeter, and Other Products), End-Users (Hospitals & Sleep Laboratories, Home Care Settings, and Other End-Users), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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The global market for sleep apnea and respiratory monitoring devices is estimated to be worth US$ 6.68 billion in 2021. It is projected to grow at a compound annual growth rate (CAGR) of 7.06% from 2022 to 2030, according to the most recent research by InsightAce Analytic. An irregular breathing pattern characterizes the potentially deadly sleeping illness known as sleep apnea. The elderly and those with diabetes, hypertension, cardiovascular disease, and other conditions are more likely to experience this syndrome.

The most common kind of sleep apnea in the world is called obstructive sleep apnea (OSA), and treatment tools and early identification are necessary for prevention. If sleep apnea is not addressed, the brain and the rest of the body do not receive enough oxygen, which results in irregular breathing as you sleep. Patients with sleep apnea often receive assistance and breathing regulation through respiratory monitoring devices.

Sleep apnea devices aid airway management and regular breathing by providing a constant oxygen flow. Large numbers of undiagnosed patients, growing public and private sector initiatives to increase clinical and public awareness of sleep apnea, significant venture funding in the field of sleep apnea, increasing use of oral appliances, and technological advancement are the main factors driving the growth of the market for respiratory monitoring devices and sleep apnea. One major factor driving the development of sleep apnea and respiratory monitoring devices in the market is the availability of favourable reimbursements and financial help for sleep apnea devices and therapies.

The growing recognition of the detrimental effects of untreated sleep apnea also impacts the industry. Furthermore, a surge in the demand for home sleep apnea tests, or HSATs, would present profitable prospects for industry players. With the popularity of telemedicine, artificial intelligence, and mHealth (mobile health), the market for respiratory monitoring devices and sleep apnea will expand even further. Over the projected years, North America is expected to be the primary contributor to the market for sleep apnea and respiratory monitoring devices, followed by Europe.

The growing number of respiratory conditions that cause sleep disturbance is driving the market. Furthermore, the number of treatment tests available in the region to diagnose sleep apnea is fast growing as more individuals become aware of its health dangers. Furthermore, a significant growth in the Asia Pacific sleep apnea and respiratory monitoring devices market is anticipated during the forecast year. An ageing population and a rise in the prevalence of lifestyle diseases are driving the Asia Pacific market. The WHO lists cancer, diabetes, heart disease, and chronic respiratory disorders as some of the leading causes of death in the area.

Major market players operating in the Sleep Apnea and Respiratory Monitoring Devices market include DeVilbiss Healthcare LLC., Vyaire Medical, Inc., Medtronic plc, Mindray, Dickinson and Company, Natus Medical Incorporated, Nihon, Kohden Corporation, ResMed, Cleveland Medical Devices, Inc., Smiths Medical, Koninklijke Philips N.V., Fisher & Paykel Healthcare Limited, SOMNOmedics America Inc., Itamar Medical Ltd., Compumedics Ltd., Becton, BMC Medical Co., Ltd., and list of Other Prominent Players.

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Recent collaborations and agreements in the market:

• In June 2021, Aeroflow healthcare and Oventus Medical partnered to provide consumers in the United States with OSA therapy devices from Oventus, including O2Vent Optima, through sleep clinics.

• In February 2021, the launch of the02Vent Optima by Oventus Medical unveiled a personalised oral appliance therapy apparatus that, in collaboration with GoPAPfree, offers a substitute to CPAP therapy in the United States.

• In March 2019, HB healthcare was acquired by ResMed, a home medical equipment provider that specialises in sleep and respiratory care devices.
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Market Segments

Global Sleep Apnea and Respiratory Monitoring Devices Market, by Products, 2022-2030 (Value US$ Mn)

• Polysomnography Device (PSG)
• Sleep Apnea Screening Device
• Actigraphy Monitoring Device
• Respiratory Polygraph
• Peak Flow Meters
• Gas Analyzers
• Oximeter/Finger-Tip Oximeter
• Other Products

Global Sleep Apnea and Respiratory Monitoring Devices Market, by End-Users, 2022-2030 (Value US$ Mn)

• Hospitals & Sleep Laboratories
• Home Care Settings
• Other End-Users

Global Sleep Apnea and Respiratory Monitoring Devices Market, by Region, 2022-2030 (Value US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Sleep Apnea and Respiratory Monitoring Devices Market, by Country, 2022-2030 (Value US$ Mn)

• U.S.
• Canada

Europe Sleep Apnea and Respiratory Monitoring Devices Market, by Country, 2022-2030 (Value US$ Mn)

• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Sleep Apnea and Respiratory Monitoring Devices Market, by Country, 2022-2030 (Value US$ Mn)

• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Sleep Apnea and Respiratory Monitoring Devices Market, by Country, 2022-2030 (Value US$ Mn)

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Sleep Apnea and Respiratory Monitoring Devices Market, by Country, 2022-2030 (Value US$ Mn)

• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Sleep Apnea and Respiratory Monitoring Devices market
 To receive an industry overview and future trends of the Sleep Apnea and Respiratory Monitoring Devices market
 To analyze the Sleep Apnea and Respiratory Monitoring Devices market drivers and challenges
 To get information on the Sleep Apnea and Respiratory Monitoring Devices market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Sleep Apnea and Respiratory Monitoring Devices market industry

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