03-10-2018 06:57 AM CET - Health & Medicine

Sleep Apnea Diagnostic and Therapeutic Devices Market Review with Forecast Research Report 2013 - 2019

Press release from: TMR
PR Agency: TMR

Sleep apnea devices industry is witnessing a rapid pace of technological advances that result in the development of effective diagnostic and therapeutic platforms. Sleep disorders hamper the quality of life and result in loss of productivity of an individual. Many of the sleep apnea cases are undiagnosed due to lack of awareness regarding the symptoms and effects. Untreated sleep apnea results in worsening of several health conditions such as hypertension, stroke, diabetes, heart diseases and others. Hence, diagnosis of sleep apnea is essential to maintain a healthy and productive lifestyle. Sleep studies are the most crucial diagnostic measure employed to confirm sleep apnea. 

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As per the report, the prime factors stimulating the market for sleep apnea diagnostic and therapeutic devices are the ongoing product advancements, the rising awareness on sleep apnea amongst people, and the continuous product modifications carried on by prime players. These prime players have also taken various steps to manufacture cutting-edge sleep apnea devices offering comfort, compactness, and ease of use. In addition, the swift growth of the medical industry is also raising the growth prospects of the sleep apnea diagnostic and therapeutic devices market. On the other hand, factors such as the soaring cost of diagnostic procedures and high discomfort levels are amongst the prime factors that may restrain the growth of the market in the coming years.

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Post diagnosis based on the severity of the condition the patient is recommended to use several therapeutic devices such as oral appliances, positive airway pressure devices, oxygen concentrator etc. Home sleep testing and sleep laboratory testing represents the two modes of diagnosis. Currently, home sleep testing with its compact and user friendly devices are preferred over the conventional equipment. This is majorly due to high comfort levels and ease of handling of these devices. The major factors contributing towards proliferation of sleep apnea devices market are persistent product modifications, introduction of novel technologies and increasing awareness of sleep apnea. On the contrary high cost of diagnostic procedures, lack of patient compliance with therapeutic devices and high degree of discomfort levels are some of the factors that might encumber the growth of sleep apnea devices market. The global market for sleep apnea devices market was valued at USD 3,805.3 million in 2012 and is estimated to reach USD 6,437.6 million by 2019 growing at a CAGR of 7.8% from 2013 to 2019.

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