Product Launch (Blog)

Aug, 29 2023

Advancements in Sleep Apnea Devices: Enhancing Quality of Sleep and Health

Sleep apnea devices are used to manage sleep-related breathing disorders, such as obstructive sleep apnea (OSA). They come in various types, including continuous positive airway pressure (CPAP) machines, oral appliances, and positional therapy devices. CPAP machines provide a constant airflow to keep the airways open during sleep. Oral appliances reposition the jaw and tongue to prevent airway collapse. Positional therapy devices encourage sleeping in non-supine positions. These devices enhance sleep quality, alleviate symptoms of sleep apnea, reduce health risks, and improve overall well-being for affected individuals.

According to Data Bridge Market Research, the Global Sleep Apnea Devices Market accounted for USD 4,123.98 million in 2021 and is expected to reach USD 7,716.59 million by 2029. The market is expected to grow with a CAGR of 7.60% in the forecast period of 2022 to 2029.

“Favorable reimbursements boost the market’s growth”

The sleep apnea devices market experiences growth due to favorable reimbursements. As healthcare systems and insurance providers offer reimbursements for sleep apnea treatments and devices, patients are incentivized to seek diagnosis and therapy. This leads to increased demand for sleep apnea devices, such as continuous positive airway pressure (CPAP) machines and oral appliances, to manage the condition effectively. Favorable reimbursements reduce the financial burden on patients and drive market growth, promoting better access to sleep apnea treatments and improving patients' quality of life.

What restraints the growth of the global sleep apnea devices market?

“Cost of CPAP machines restraints the market’s growth”

The cost of CPAP machines acts as a restraint on the growth of the sleep apnea devices market. CPAP machines are typically expensive, and this high cost can deter some patients from purchasing them. Additionally, not all healthcare systems and insurance plans provide full coverage for CPAP machines, leading to out-of-pocket expenses for patients. The affordability challenge limits the accessibility of CPAP machines for some individuals, hindering market growth and potentially impacting the effective management of sleep apnea in affected patients.

Segmentation: Global Sleep Apnea Devices Market

The global sleep apnea devices market is segmented on the basis of disease type, type, patient demographics, end user, and distribution channel.

  • On the basis of diseases type, global sleep apnea devices market is segmented into obstructive sleep apnea syndrome, central sleep apnea syndrome, and complex sleep apnea syndrome.
  • On the basis of type, the global sleep apnea devices market is segmented into devices and therapy.
  • On the basis of patient demographics, the global sleep apnea devices market is segmented into pediatric, adult and geriatric.
  • On the basis of end user, the global sleep apnea devices market is segmented into hospital/clinics, diagnostic centers, ambulatory care centers, specialty care center, and home healthcare.
  • On the basis of distribution channel, the global sleep apnea devices market is segmented into direct tender and retail sales.

Regional Insights: North America dominates the Global Sleep Apnea Devices Market

North America dominates the sleep apnea devices market due to the high prevalence of respiratory disorders. As respiratory disorders, including sleep apnea, continue to affect a significant portion of the population, there is a rising demand for effective sleep apnea devices and treatments, driving market growth in the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the presence of a geriatric population and the increasing prevalence of lifestyle diseases in the region. As these factors contribute to a higher incidence of sleep apnea, there is a growing demand for sleep apnea devices and treatments to address the condition.

To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-sleep-apnea-devices-market

Recent Developments

  • In June 2021, Oventus Medical announced a partnership with Aeroflow Healthcare. The collaboration's objective is to provide Oventus' obstructive sleep apnea (OSA) treatment solutions directly to consumers through sleep clinics in the United States. This strategic alliance aims to enhance accessibility to OSA treatment options, ensuring that affected individuals have improved access to Oventus' innovative solutions for managing sleep apnea.
  • In February 2021, Oventus Medical introduced the 02Vent Optima, a customizable oral appliance therapy device in the US market. This product offers an alternative to CPAP therapy and is available through GoPAPfree. With its unique design, the 02Vent Optima aims to provide effective and comfortable treatment options for individuals with obstructive sleep apnea, enhancing the accessibility and choice of treatment methods for affected patients.

The Prominent Key Players Operating in the Global Sleep Apnea Devices Market Include:

  • Koninklijke Philips N.V. (Netherlands)
  • Itamar Medical Ltd. (Israel)
  • Natus Medical Incorporated (U.S.)
  • CONTEC MEDICAL SYSTEMS CO., LTD (China)
  • ResMed (U.S.)
  • BMC Medical Co., Ltd. (China)
  • SomnoMed (Australia)
  • Fisher & Paykel Healthcare Limited (New Zealand)
  • Medicom MTD Ltd (Russia)
  • Somnowell (UK)
  • Compumedics Limited (Australia)
  • SIBELMED (Barcelona)
  • APEX MEDICAL CORP. (Taiwan)
  • Inspire Medical Systems, Inc. (U.S.)
  • NIHON KOHDEN CORPORATION (Japan)
  • DeVilbiss Healthcare LLC (U.S.)
  • nox medical (Iceland)
  • Advanced Brain Monitoring, Inc. (U.S.)
  • Cleveland Medical Devices Inc. (U.S.)
  • Braebon Medical Corporation (Canada)
  • Löwenstein Medical Technology GmbH + Co. KG. (Germany)
  • Nyxoah SA (Belgium)

Above are the key players covered in the report, to know about more and exhaustive list of global sleep apnea devices market companies contact, https://www.databridgemarketresearch.com/contact

Research Methodology: Global Sleep Apnea Devices Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.


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