Overview:

The global sleep apnea devices market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Sleep apnea is a serious disorder in which breathing starts and stops repeatedly. This disorder is majorly found in male individuals who are obese and aged. The common symptoms of sleep apnea disorder include snoring and feeling of tiredness after complete sleep. The devices used to treat sleep apnea disorder are referred as sleep apnea devices.

Market Dynamics:

Growing prevalence of obesity among individuals across the globe is a major factor driving growth of the global sleep apnea devices market. For instance, according to World Health Organization (WHO), obesity is tripled in between 1975 to 2020. Also, in 2016, more than 650 million individuals with age above 18 years were suffering from obesity and above 1.9 billion adults were overweight.

In addition, rising incidence of sleep apnea induced chronic disorders is another major factor supporting growth of the target market. Additionally, rising awareness about the sleep apnea is among the other factor expected to drive the market growth significantly in the near future.

However, high cost associated with sleep apnea devices and large pool of untreated population suffering from sleep apnea disorder due to lack of awareness are key factors affecting growth of the sleep apnea devices market globally.

Key Trends:

Growing focus on product development by key players is a key trend observed in the global sleep apnea devices market. For instance, Respicardia, Inc. has announced approval for its remede system from U.S. Food and Drug Administration (FDA) in October 2017. This is a transvenous implantable neurostimulation system helps to restore natural breathing during sleep.

Regional Analysis:

For detailed understanding of market dynamics, the global sleep apnea devices market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region held major market share in the year 2019. This is attributed to high prevalence of sleep apnea and high awareness about this disorder among individuals in countries in the region. Additionally, strong market presence of leading key players in the region is another factor supporting market growth in the North America region.

However, the target market in the Asia Pacific region is expected to witness significant growth over the forecast period. Growing patient population in countries such as China and India is a major factor driving growth of the Asia Pacific sleep apnea devices market.

Scope of the Report:

Detailed Segmentation:

Global Sleep Apnea Devices Market, By Type:

• Therapeutic Devices
  • Positive Airway Pressure (PAP) Devices
  • Oral Devices
  • Nasal Devices
  • Chin Straps
• Diagnostic Devices
  • Actigraphs
  • Polysomnography (PSG) Device
  • Respiratory Polygraphs
  • Pulse Oximeters

Global Sleep Apnea Devices Market, By End User:

• Sleep Laboratories & Hospitals
• Homecare Setting/ Individual

Key Players Covered:

Key players operating in the global sleep apnea devices market includes Koninklijke Philips N.V., Cadwell Laboratories, Inc., Oventus Medical, ResMed, Fisher & Paykel Healthcare Corporation Limited, Natus Medical Incorporated, Löwenstein Medical Technology GmbH and Co. KG., SomnoMed, DeVilbiss Healthcare LLC, and Compumedics Limited.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Sleep Apnea Devices Market by type, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global sleep apnea devices market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.