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Sleep Apnea Devices Market Increasing Size, Demand, Growth Rate, and Forecast 2030 - Emergen Research
This report is a fair prototype of the Sleep Apnea Devices -industry containing an in-depth study of the global Sleep Apnea Devices Market. This report serves as a valuable source of data and information related to this industry. It covers various industry aspects with a particular focus on market scope and application areas. The report identifies the fundamental business strategies adopted by industry experts and offers an insightful study on the value chains and distribution channels of the global market. The report authors have also analyzed current industry trends, growth potential, current overview, and market limitations.
The global sleep apnea devices market, valued at USD 7.00 billion in 2021, is projected to reach USD 12.88 billion by 2030, registering a compound annual growth rate (CAGR) of 6.9% during the forecast period.
This growth is driven by the increasing prevalence of sleep apnea, rising awareness about sleep disorders, and the growing demand for efficient and portable sleep apnea devices. Favorable reimbursement policies and technological advancements in diagnostic and therapeutic devices also contribute to market expansion.
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Market Drivers and Growth Factors
Increasing Prevalence of Sleep Apnea: A significant number of individuals worldwide remain undiagnosed for sleep apnea, leading to a growing patient pool and heightened demand for diagnostic and therapeutic devices.
Technological Advancements: The development of portable and efficient sleep apnea devices enhances patient compliance and expands the market.
Favorable Reimbursement Policies: Insurance coverage for sleep apnea treatments encourages patients to seek necessary medical interventions, thereby driving market growth.
Challenges in the Sleep Apnea Devices Market
High Costs: The expense associated with Continuous Positive Airway Pressure (CPAP) machines and other therapeutic devices can be a barrier to adoption, particularly in developing regions.
Patient Compliance: Issues such as discomfort and difficulty in adapting to sleep apnea devices may hinder their widespread use.
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Market Segmentation Insights
The market is segmented based on device type and end-user:
Device Type:
Diagnostic Devices: Including polysomnography devices, respiratory polygraphs, actigraphy systems, and single-channel screening devices.
Therapeutic Devices: Comprising CPAP devices, bilevel positive airway pressure (BiPAP) devices, adaptive servo-ventilation (ASV) devices, and oral appliances.
End-User:
Hospitals and Sleep Laboratories: Major users of diagnostic devices for conducting sleep studies.
Home Care Settings/Individuals: Increasing adoption of therapeutic devices for personal use due to convenience and advancements in portable technologies.
Regional Outlook
North America: Dominates the market due to high awareness, advanced healthcare infrastructure, and favorable reimbursement policies.
Europe: Experiences steady growth attributed to increased awareness and a favorable reimbursement scenario.
Asia Pacific: Expected to register significant growth due to rising prevalence of lifestyle-related diseases and increasing awareness about sleep disorders.
Competitive Landscape
The global sleep apnea devices market is highly consolidated, with renowned companies operating across various international and local segments. These players dominate the industry through strong geographical reach and a large number of production facilities. They compete intensely, excelling in technological capabilities, product development, innovation, and pricing strategies.
Major Companies Included in the Sleep Apnea Devices Market Report:
ResMed
Koninklijke Philips N.V.
Fisher & Paykel Healthcare Limited
Inspire Medical Systems, Inc.
SomnoMed
Oventus Medical Ltd.
Compumedics Limited
Löwenstein Medical Technology GmbH + Co. KG
Drive DeVilbiss International
BMC Medical Co., Ltd.
Recent Developments
On October 18, 2021, Candid announced a strategic partnership with Vivos Therapeutics to provide patients with a comprehensive solution for diagnosing and treating obstructive sleep apnea (OSA), along with orthodontic therapy from the same provider network.
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Sleep Apnea Devices Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global sleep apnea devices market based on products and services, applications, end-use, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Therapeutic Devices
Positive Airway Pressure Devices
Automatic Positive Airway Pressure Devices
Continuous Positive Airway Pressure Devices
Bilevel Positive Airway Pressure Devices
Facial Interfaces
Masks
Full-Face Masks
Nasal Pillow Masks
Nasal Masks
Cushions
Accessories
Oral Applications
Mandibular Advancement Devices
Tongue-Retaining Devices
Adaptive Servo-Ventilators
Others
Diagnostic Devices
Polysomnography Devices
Ambulatory PSG Devices
Clinical PSG Devices
Home Sleep Testing Devices
Oximeters
Fingertip Oximeters
Handheld Oximeters
Wrist-Worn Oximeters
Tabletop Oximeters
Actigraphy Systems
Sleep Screening Devices
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Sleep Laboratories & Hospitals
Home Care Settings/Individuals
Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Sleep Apnea Devices Market report:
The latest report comprehensively studies the global Sleep Apnea Devices Market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
Thank you for reading our report. For further details or to inquire about customization, please let us know and we will offer you the report as per your needs.
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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