Global Sleep Apnea Devices Market 2017: Industry Research, Growth, Analysis, Demand, Trends, Growth and Forecast 2024
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Some of the major factors driving the market for sleep apnea devices market are increasing prevalence of sleep apnea, rising geriatric population, and changing lifestyle, rising acceptance of home healthcare, increasing awareness of health, rising prevalence of sleep disorder, improving diagnosis rates, introduction to new technologies which improves patient comfort, increasing healthcare spending, improving healthcare infrastructure, rising disposable income.On the other hand, high cost of treatment devices, high cost of treatment therapies, regulatory procedures, side effects of sleep apnea devices, cheap alternatives options for treatments, high competition in market, emerging companies may hinder the growth of the market.
Global Sleep Apnea Devices Market Segmentation:
The global sleep apnea device market is segmented on the basis of product type, end user and geography.
On the basis of type, sleep apnea device market is categorized into: diagnostic devices and therapeutic devices. In 2017, diagnostic devices segment is expected to dominate the market with 60.3% market share.
On the basis of product type, the diagnostic sleep apnea device market is segmented into polysomnography devices, respiratory polygraphs, pulse oximeters and actigraph systems. Polysomnograph segment is expected to dominate the market in future along with the highest growing CAGR of 10.3% in the forecast period. On the basis of product type, the therapeutic sleep apnea devices are segmented into positive airway pressure devices (PAP), continuous positive airway pressure devices (CPAP), automatically adjusting positive airway pressure devices (APAP), masks, adaptive servo ventilation, airway clearance system, oxygen concentrators, oral appliances and accessories.
On the basis of end users, the global sleep apnea devices market is further segmented into hospitals, sleep clinics, community healthcare and home healthcare.In 2017, the hospitals segment dominates the global sleep apnea device market.
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Key Drivers – Global Sleep Apnea Devices Market
Some of the major factors driving the market for sleep apnea devices market are technological advancement, increasing prevalence of sleep apnea, rising geriatric population, and changing lifestyle, rising acceptance of home healthcare, increasing awareness of health, changing lifestyles, increasing aging population, rising prevalence of sleep disorder, improving diagnosis rates, introduction to new technologies which improves patient comfort, increasing healthcare spending, improving healthcare infrastructure, rising disposable income.
• The advancement in the technologies and also increasing alternative options of devices for treatment of sleep apnea is adding to the driving factors of market.
• Increasing number of people suffering from sleep apnea helps in driving the market.
• Increased awareness of sleep related disorders and better technology to diagnose obstructive sleep apnea (OSA) will majorly help in driving the market.
Key Points – Global Sleep Apnea Devices Market
Koninklijke Philips N.V. dominated the sleep apnea devices market in 2016, followed by Natus Medical Incorporated, and Nihon Kohden along with others such as CareFusion Corporation, Curative Medical Inc., ResMed, Fisher and Paykel Healthcare Limited., SomnoMed, BMC Medical Co., Ltd., Compumedics Limited, NatusMedical Inc., DeVilbiss Healthcare, Global Medical Holdings, Itamar Medical Ltd., Weinmann Medical Technology, Cleveland Medical Devices Inc., SOMNOmedics GmbH, Deymed Diagnostic, NovaSom, and Medtronic.
• Globally diagnostic device is driving the market with highest market share along with the highest CAGR.
• Fingertip Pulse Oximeter is dominating the Pulse Oximeters Market.
• Hospitals segment is dominating the global sleep apnea devices market in 2016 and this segment is expected to grow at the highest CAGR in the forecast period.
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