Sleep Apnea Devices Market Research Report - Forecast to 2029 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Sleep Apnea Devices Market 
Industry / Sector Trends

Sleep Apnea Devices Market size was valued at USD 6.0 billion in 2018 and is expected to witness more than 7.5% CAGR from 2019 to 2025.

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Market Segmentation, Outlook & Regional Insights: Sleep Apnea Devices Market

Sleep Apnea Devices Market, By Product, 2018 & 2025 (USD Million)

Sleep apnea is an acute sleep disorder, in which persons breathing is interrupted during sleep. Untreated sleep apnea can cause chronic disorders such as cardiovascular diseases, high blood pressure, obesity and neurological conditions. Hence, increasing prevalence of sleep disorders across the globe will significantly drive sleep apnea devices industry growth over the projected timeframe. For instance, according to the National Healthy Sleep Awareness Project, in 2014, nearly 25 million adults in the U.S. were affected by sleep apnea and other sleeping disorders. The aforementioned factors will augment the global market growth.

Product innovation strategy in the sleep apnea devices by major market players will significantly boost the sleep apnea devices business growth in the future. Development of Hypoglossal Nerve Stimulation (HNS), an innovative approach is used to effectively treat moderate to severe obstructive sleep apnea. Moreover, increasing awareness among the population about the ill effects of sleep apnea has further boosted the product demand, thus augmenting the market growth.

However, high cost associated with diagnostic and therapeutic devices might restrict sleep apnea devices industry growth in the coming years. Also, stringent regulatory scenario for the approval of these devices will also serve as a major market growth limiting factor.

Sleep Apnea Devices Market, By Product

U.S. Sleep Apnea Devices Market Size, By Product, 2018 (USD Million)

Positive airway pressure (PAP) devices pump pressurised air into the lungs, thus preventing episodes of airway collapse. PAP devices segment is estimated to witness significant growth at 10.2% CAGR across the forecast period. High growth is attributed to growing demand for efficient, portable and superior sleep apnea devices. Also, presence of favourable insurance coverage for treatment of sleep apnea and other sleep disorders will further augment PAP devices market growth.

Polysomnography (PSG) device is used for the diagnosis of sleep disorders. PSG device market held major revenue size of USD 770.1 million in 2018. Increasing prevalence of sleep apnea and related co-morbidities in various parts of the world is a major factor boosting the demand for polysomnography devices. Moreover, rising awareness regarding sleep apnea and other sleep disorders among the population will further propel market growth.

Sleep Apnea Devices Market, By Region

Asia-Pacific Sleep Apnea Devices Market Share, By Country, 2025 (USD Million)

UK market held significant revenue share of about 14.7% in 2018, owing to increasing number of companies manufacturing sleep apnea devices in the country. Growing elderly population base prone to suffer from sleeping disorders is another chief reason escalating the business growth. Also, rising demand among the population for sleep apnea diagnosis and therapeutic devices will further augment UK market growth in the forthcoming years.

Indian market is estimated to witness lucrative growth of 11.3% CAGR across the forecast timeframe, due to increasing prevalence of sleep apnea and other sleep disorders. Rising disposable income in emerging countries such as India and China will further impact the business growth. Additionally, increasing rate of obesity owing to high adoption rate of sedentary lifestyle is another major factor influencing the prevalence of sleeping disorders, thus boosting product demand.

Key Players, Recent Developments & Sector Viewpoints: Sleep Apnea Devices Market

Few of the notable industry players operating in global sleep apnea devices market are BMC Medical, CareFusion Corporation, Cadwell Laboratories, Braebon Medical, Compumedics, Curative Medical, Fisher & Paykel Healthcare, GE Healthcare, ImThera Medical, Invacare Corporation, Natus Medical, Itamar Medical, Philips Healthcare, ResMed, Nihon Kohden, Somnetics International, SOMNOmedics, Weinmann Medical Devices and Teleflex among the other players. These industry players implemented various strategies such as acquisitions, mergers, new product launch and collaborations, to capture high revenue share in sleep apnea devices industry.

Recent industry developments:

In October 2017, Respicardia announced approval of Remed? System from the U.S. FDA, for the treatment of moderate to severe central sleep apnea. The product approval in country significantly enhanced the companys market presence in the U.S. and strengthen its revenue generation stream.

In April 2017, Royal Philips announced the launch of Dream Series range, with an aim to improve sleep therapy experience for people with obstructive sleep apnea. The product launch enabled the company to strengthen its product portfolio and expand the customer base.

Sleep Apnea Devices Industry Viewpoint

Sleep apnea was discovered in the year 1965. It occurs when the upper airway becomes blocked repeatedly during sleep. Previously, the only effective therapy for obstructive sleep apnea was tracheostomy, that bypasses the upper airway obstruction. Launch of continuous positive airway pressure (CPAP) therapy in 1981, was a major discovery in the treatment of sleep apnea. Increasing technological developments in the sleep apnea diagnostic and therapeutic devices will further augment industry growth. Latest treatments for OSA includes Hypoglossal nerve stimulation, Expiratory Positive Airway Pressure (EPAP) among few others. Additionally, the industry is highly competitive due to the presence of established players such as Becton Dickinson, GE Healthcare, Invacare Corporation and Philips Respironics among few others. Growing investment in R&D activities to launch novel products is the major focus of companies, thus offering robust market growth opportunities in the foreseeable futur

Key Insights Covered: Exhaustive Sleep Apnea Devices Market

1. Market size (sales, revenue and growth rate) of Sleep Apnea Devices industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Sleep Apnea Devices industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Sleep Apnea Devices industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Sleep Apnea Devices industry.

Research Methodology: Sleep Apnea Devices Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.