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Market Size for Sleep Apnea Devices by Product, Therapeutic (CPAP, APAP, BPAP, Masks, Oral Appliances (Mandibular Advancement Device), Diagnostic (PSG, Pulse Oximeter), End User (Home Care Settings, Hospitals) - Global Analysis, Forecasts to 2024
Acumen Research and Consulting
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Factors attributing to the growth of global sleep apnea devices market include increasing co-morbid condition incidence that include type II diabetes, cardiovascular diseases, hypertension, and obesity. Also, technological advancements related to patient comfort and safety, and government initiatives targeted at cutting down the healthcare expenses associated with these diseases will lead to the further development of this market.
The global sleep apnea device market has been categorized based on diagnostic devices into pulse oximeters, actigraphy devices, PSG, and others. The diagnostic device market segment of sleep apnea devices commanded a major share owing to various technical advancements pertaining to the devices and rising awareness among people through NGO and government initiatives.
Based on therapeutic devices, the market is categorized into CPAP devices, BiPAP devices, and others. Based on type of oxygen devices, the sleep apnea device market has been segmented into portable oxygen concentrators, oxygen concentrators, liquid portable oxygen, oral appliances, and ASV devices. On the basis of end users, the global sleep apnea devices market is segmented into sleep laboratories, home care and hospitals. Currently, the home care segment is expected to command the highest share and grow at a rapid pace owing to the patient preference for home-care devices. Also, the increasing trend of using home sleep testing devices as compared to visiting sleep laboratories is estimated to boost the growth of home care market segment.
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Geographically, the market is divided into various regions such as North America, Europe, Asia- Pacific, Latin America and Middle East and Africa (MEA). North America commanded the major share in the global sleep apnea devices market owing to the proliferative developments in healthcare infrastructure present in the U.S. In the European nations, owing to the rising awareness towards sleep apnea, along with the improved reimbursement scenario in many countries, the sleep apnea devices market is expected to witness a fast paced growth. Also, various interventions by government and trade associations to treat untreated sleep apnea, will serve to boost the market growth in this region. However, it is expected that sleep apnea device market in Asia-Pacific region will grow at a rapid pace during the future years owing to the rising awareness and increased economic feasibility of the patients.
The key players operating in the sleep apnea device market are ResMed, Fisher & Paykel Healthcare Ltd., SomnoMed, GE Healthcare, Compumedics Ltd., Philips Healthcare, Whole You, Inc., Cadwell Industries Inc. and Carefusion among others.
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Market Segmentation
Market by Type
Diagnostic devices
o Polysomnography (PSG) Devices
o Respiratory Polygraphs
o Single- Channel Screening Devices (Pulse Oximeters)
o Actigraphy Systems
Therapeutic devices
o Positive Airway Pressure (PAP) Devices
o Facial Interface
o Adaptive Servo- Ventilation (ASV)
o Airway Clearance Systems
o Oxygen Concentrators
o Oral Appliance
o Other Accessories
Market by End-user
Home Care Settings
Sleep Laboratories and Hospitals
Market by Geography
North America
o US
o Canada
o Mexico
Europe
o UK
o Germany
o France
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Philippines
o Rest of Asia-Pacific
Latin America
o Brazil
o Chile
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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About Us
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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Email: frank@acumenresearchandconsulting.com
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