Sleep Apnea Devices Market Poised for Steady Growth, Reaching USD 7 Billion in 2021 with a 6.9% CAGR

Increasing prevalence of undiagnosed sleep apnea and demand for advanced portable devices drive market expansion.

The global sleep apnea devices market was valued at USD 7.00 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.9% in the coming years, according to recent market research. Key factors fueling this growth include the rising number of undiagnosed sleep apnea cases, increasing awareness of sleep disorders, and advancements in portable and efficient treatment devices.

Growing Demand Due to High Prevalence of Sleep Apnea

Sleep apnea, particularly Obstructive Sleep Apnea (OSA), affects 37% of men and 50% of women worldwide. Shockingly, nearly 80% of OSA cases remain undiagnosed and untreated, creating a significant need for effective diagnostic and therapeutic solutions. The condition is also linked to serious health risks such as hypertension, stroke, heart disease, and diabetes, further emphasizing the urgency for early detection and treatment.

Additionally, hereditary factors play a role, with 25%-40% of OSA patients having a family history of the disorder. Certain demographics, including African Americans, Hispanics, and Pacific Islanders, are also at higher risk compared to the white population.

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Therapeutic Devices Lead the Market

The therapeutic devices segment dominates the market, driven by innovations like CPAP (Continuous Positive Airway Pressure) machines and Mandibular Advancement Devices (MADs). Companies such as ResMed have introduced next-generation devices like AirSense 11, enhancing patient compliance and ease of use.

Oral appliances, though relatively new, are gaining traction as an effective alternative to CPAP, with prices ranging between USD 1,500 to USD 2,000. These devices are custom-fitted by dentists in collaboration with sleep specialists, offering a comfortable solution for many patients.

High Costs Pose a Challenge

Despite strong demand, the high cost of CPAP machines (ranging from USD 500 to USD 2,000) remains a barrier for many patients. Additional expenses for masks, hoses, and humidifiers, along with the need for regular replacements, further increase the financial burden. Moreover, prescription requirements limit accessibility, restricting market growth to some extent.

Hospitals & Home Care Settings Drive Adoption

Sleep Laboratories & Hospitals: This segment holds the largest market share due to advanced diagnostic facilities, expert staff, and tailored treatment plans. Hospitals provide comprehensive care, from initial diagnosis to long-term management.

Home Care Settings: Increasing investments in home-based sleep apnea testing devices are accelerating growth. For instance, Acurable's AcuPebble SA100 and ResApp's SleepCheck app allow patients to monitor sleep apnea conveniently at home. Insurance companies also favor home sleep tests due to their cost-effectiveness compared to lab studies.

Some major players included in the global sleep apnea devices market report are:

ResMed

Koninklijke Philips N.V.

Fisher & Paykel Healthcare Limited

Inspire Medical Systems, Inc.

com

Oventus

Compumedics Limited

Löwenstein Medical Technology GmbH + Co. KG

Drive DeVilbiss International

BMC

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