The Global Sleep Apnea Device Market is expected to reach an approximate CAGR of 7.8% during the forecast period. Globally the market for sleep apnea devices is increasing rapidly due to growth in the increasing number of patients for sleep apnea on account of increasing obesity problems globally and also due to the increasing number of Obstructive Sleep Apnea (OSA) patients along with the increasing aging population.
Global Sleep Apnea Device Market, by Key Players Overview
- Cadwell Laboratories Inc
- Fisher & Paykel Healthcare Limited
- Consumer Sleep Solution LLC
- Invacare Corporation
- Natus Medical Incorporated
- Nihon Kohden Corporation
- Philips Healthcare
- Resmed Inc
- Koninklijke Philips
- Lowenstein Medical
- Drive Devilbiss Healthcare
- BMC Medical
- Braebon Medical Corporation
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The Global Sleep Apnea Device Market is segmented on the basis of type and end-user. By type, the sleep apnea device market is segmented into therapeutic and diagnostic sleep apnea devices. Based on therapeutic device, the sleep apnea device market is further sub-segment into Continuous Positive Airway Pressure (CPAP), Positive Airway Pressure (PAP) devices, facial interfaces (mask), accessories, oral appliances, Adaptive Servo-Ventilators (ASV), and other therapeutic devices such as oxygen concentrators and airway clearance systems. The therapeutic device segment accounted for the largest share of the global sleep apnea device market in 2016. Moreover, the PAP device segment accounted for the largest growth of the therapeutic device market in 2017 owing to technological advancements that made these devices compact, comfortable, and easy to use to ensure better patient compliance. The diagnostic device segment has been further sub-segmented into Polysomnographs (PSG) and oximeter.
Based on end-user, The Sleep Apnea Device Market is further segmented into sleep laboratories, hospitals, home care. The home care/individual segment is estimated to grow at the highest CAGR during the forecast period.
- Sleep apnea devices manufacturers & suppliers
- Biotechnology companies
- Dental clinics
- Academic research institutes
- Government institutes
Regional Market Summary
The Sleep Apnea Device Market is divided into four major regions, namely, – North America, Europe, Asia-Pacific, and the rest of the world. North America has the largest share in the sleep apnea device market. Major factors contributing to the large share of this segment include the high growth of home sleep testing devices, increasing prevalence of sleep apnea, and increasing funds by private and government institutions to promote the awareness of sleep apnea as well as launch novel and technologically-advanced products in this market.
Asia-Pacific is expected to register the highest CAGR during the forecast period. Factors influencing the growth of this region include increasing prevalence of sleep apnea disorders, undiagnosed pool in countries such as India, and initiatives by the government and other private organizations to raise awareness regarding sleep disorder.
The European region is projected to register the highest CAGR during the forecast period due to use of non-invasive and painless cardiorespiratory monitors that are used to assess the oxygen saturation level of arterial blood.
The Middle East and Africa holds the least share in the global sleep apnea device market due to the presence of stringent government policies and poor economies.
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