Global Sleep Apnea Devices Market, By Diseases Type (Obstructive Sleep Apnea Syndrome, Central Sleep Apnea Syndrome, Complex Sleep Apnea Syndrome), Type (Devices, Therapy), Patient Demographics (Pediatric, Adult, Geriatric), End User (Hospital/ Clinics, Diagnostic Centers, Ambulatory Care Centers, Specialty Care Centers, Home Healthcare), Distribution Channel (Direct Tender, Retail Sales) – Industry Trends and Forecast to 2029.
Global Sleep Apnea Devices Market Analysis and Size
Sleep apnea devices are widely used for facilitating and managing breathing in sleep apnea patients. Sleep apnea devices facilitate steady oxygen flow, and help in airway management and normal breathing.
- The large pool of undiagnosed sleep apnea patients is escalating the growth of sleep apnea devices market. Global Sleep Apnea Devices Market was valued at USD 4,123.98 million in 2021 and is expected to reach USD 7,716.59 million by 2029, registering a CAGR of 7.60% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Sleep Apnea Devices Market Definition
Sleep apnea refers to a sleep disorder where breathing stops for at least 10 seconds in the affected individual, resulting in disrupted and irregular breathing patterns. The disorder reduces the oxygen saturation in the blood that circulates in the body. Sleep apnea devices are generally used as therapeutic and diagnostic devices for treating central sleep apnea syndrome, complex sleep apnea syndrome and obstructive sleep apnea syndrome.
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Million, Volumes in Units, Pricing in USD
Diseases type (Obstructive Sleep Apnea Syndrome, Central Sleep Apnea Syndrome, Complex Sleep Apnea Syndrome), Type (Devices, Therapy), Patient Demographics (Pediatric, Adult, Geriatric), End User (Hospital/ Clinics, Diagnostic Centers, Ambulatory Care Centers, Specialty Care Centers, Home Healthcare), Distribution Channel (Direct Tender, Retail Sales)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Market Players Covered
Koninklijke Philips N.V. (Netherlands), Itamar Medical Ltd. (Israel), Natus Medical Incorporated (US), CONTEC MEDICAL SYSTEMS CO., LTD (China), ResMed (US), 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. (US), NIHON KOHDEN CORPORATION (Japan), DeVilbiss Healthcare LLC (US), nox medical (Iceland), Advanced Brain Monitoring, Inc. (US), Cleveland Medical Devices Inc. (US), Braebon Medical Corporation (Canada), Löwenstein Medical Technology GmbH + Co. KG. (Germany), and Nyxoah SA (Belgium) among others
Sleep Apnea Devices Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Favorable Reimbursements
The presence of favorable reimbursements and financial aid for sleep apnea devices and therapies acts as one of the major factors driving the growth of sleep apnea devices market.
- Need For Efficient Treatment
The rise in need for efficient treatment in remote, and emerging areas accelerate the market growth.
- Awareness about the Ill Effects
The increase in the awareness about the ill effects of untreated sleep apnea further influence the market.
Furthermore, increase in demand for home sleep apnea tests (HSATs) extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, focus on mHealth (mobile health), telemedicine, and artificial intelligence will further expand the market.
Restraints/Challenges Global Sleep Apnea Devices Market
On the other hand, cost of CPAP machines and complex referral pathways, and long waiting periods, and concerns regarding product recalls are expected to obstruct market growth. Also, lack of patient compliance is projected to challenge the sleep apnea devices market in the forecast period of 2022-2029.
This sleep apnea devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on sleep apnea devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Sleep Apnea Devices Market
COVID-19 had a negative impact on the sleep apnea devices market. The operational and logistic challenges faced by the market owing to the nationwide lockdowns declined the demand for sleep apnea devices. However, there was a rise in demand for and production of sleep apnea devices, such as masks, sleep ventilators and PAP devices as the virus had adverse impact on sleep apnea patients. Telemedicine and teleconsultations witnessed high growth during the pandemic and are expected to grow in the post-pandemic scenario as well, further supporting the growth of sleep apnea devices market.
- Oventus Medical announced their partnership with Aeroflow Healthcare in June’2021. The partnership aims to offer Oventus’ obstructive sleep apnea (OSA) treatment solutions directly to consumers via sleep clinics in the US.
- Oventus Medical launched 02Vent Optima in February’2021. The product is a customizable oral appliance therapy device that provide an alternative to CPAP therapy through GoPAPfree in the US.
Global Sleep Apnea Devices Market Scope and Market Size
The sleep apnea devices market is segmented on the basis of disease type, type, patient demographics, end user and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Obstructive Sleep Apnea Syndrome
- Central Sleep Apnea Syndrome
- Complex Sleep Apnea Syndrome
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, global sleep apnea devices market is segmented into devices and therapy.
On the basis of patient demographics, global sleep apnea devices market is segmented into pediatric, adult and geriatric.
- Diagnostic Centers
- Ambulatory Care Centers
- Specialty Care Center
- Home Healthcare
On the basis of end user, global sleep apnea devices market is segmented into hospital/clinics, diagnostic centers, ambulatory care centers, specialty care center and home healthcare.
- Direct Tender
- Retail Sales
On the basis of distribution channel, global sleep apnea devices market is segmented into direct tender and retail sales.
Sleep Apnea Devices Market Regional Analysis/Insights
The sleep apnea devices market is analysed and market size insights and trends are provided by country, end users and equipment as referenced above.
The countries covered in the sleep apnea devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the sleep apnea devices market because of the prevalence of respiratory disorders within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the geriatric population and increasing prevalence of lifestyle diseases in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The sleep apnea devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for sleep apnea devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the sleep apnea devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Sleep Apnea Devices Market Share Analysis
The sleep apnea devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sleep apnea devices market.
Some of the major players operating in the sleep apnea devices market are:
- Koninklijke Philips N.V. (Netherlands)
- Itamar Medical Ltd. (Israel)
- Natus Medical Incorporated (US)
- CONTEC MEDICAL SYSTEMS CO., LTD (China)
- ResMed (US)
- 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. (US)
- NIHON KOHDEN CORPORATION (Japan)
- DeVilbiss Healthcare LLC (US)
- nox medical (Iceland)
- Advanced Brain Monitoring, Inc. (US)
- Cleveland Medical Devices Inc. (US)
- Braebon Medical Corporation (Canada)Löwenstein Medical Technology GmbH + Co. KG. (Germany), and Nyxoah SA (Belgium) among others.
Research Methodology : Global 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 estimated 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 an analyst call or can drop down your enquiry.
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 versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-sleep-apnea-devices-market
Customization Available : Global Sleep Apnea Devices Market
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