Sleep Apnea Device Market is Projected to Exhibit at a CAGR of Over 7.7% During 2018 – 2023

Global Sleep Apnea Market Overview

Sleep apnea is a common condition that occurs when a person's breathing is intermittent through sleep. Sleep apnea is a lingering condition and often mainly goes undiagnosed. In 2015, global sleep apnea market size was valued at USD 3.9 Billion and projected to grow at the CAGR of 7.7% during 2015-2021 to reach USD 5.5 Billion over the forecast period.

North America is the major market in the global sleep apnea devices market, with a market share of 62.3% in the year 2015 and it is anticipated to rise over the period 2015-2021. Further, Europe sleep apnea market is the second largest market owing to the growing usage of therapeutic devices and existence of well-equipped sleep laboratories. The market is estimated to grow over the forecasted period. On the other hand, Asia sleep apnea market is projected to be the fastest growing market it is anticipated to grow at a CAGR of 19.3% during the forecast period of 2015 to 2021.

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Demand & Growth Analysis By Market Segmentation

By Diagnostic Devices

Based on the diagnostic device, the global sleep apnea market has been studied on devices like:

Respiratory Polygraph
Polysomnography (PSG) Device
Actigraphy Systems
Single-Channel Screening Devices (Pulse Oximeters)

By Therapeutic Devices

On the basis of Therapeutic Devices, the global sleep apnea market is segmented as:

Adaptive Servo-Ventilation (ASV)
Airway Clearance Systems
Positive Airway Pressure (PAP) Device
Oxygen Devices
Oral Appliances
Others

By End User

Based on the End-User, the global sleep apnea market can be defined into two categories:

Sleep Laboratories and Hospitals
Home Care Settings

By Region

On the basis of Region, the global sleep apnea market is segmented are as follows:

North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Rest of World Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

On the back of health disorders like type obesity type II, stroke, coronary artery disease, congestive heart failure, hypertension, and atrial fibrillation, the sleep apnea market is poised to grow at a tremendous rate in near future. Globally, the change in lifestyle has made people to suffer from sleep disorders and this situation would get worsen in near future.

In addition to that, rising awareness about health and personal disposable income across the world is also expected to drive the growth of global sleep apnea market.

However, high cost associated with devices, lack of knowledge amongst the users, and scanty presence of sleep apnea labs would appear as the major challenge in the growth of sleep apnea device market.

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Key Players

The major key players in the global sleep apnea market are as follows :

Philips Respironics
ResMed
Fisher
Paykel

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

By Regions

North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Rest of World Market Size and Y-O-Y Growth Analysis

Market Dynamics

Supply and Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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This release was published on openPR.