Sleep Apnea Devices Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Sleep Apnea Devices Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Sleep Apnea Devices Market

The sleep apnea devices market size was valued at USD 8.55 billion in 2020, and the market is now projected to grow from USD 8.09 billion in 2021 to USD 13.10 billion by 2038, exhibiting a CAGR of 7.1% during the forecast period of 2020-2028.

The outbreak of the COVID-19 pandemic has definitely impacted the global market. Key gamers suggested a considerable growth inside the sales from because of growth inside the wide variety of patients stricken by sleep troubles because of excessive pressure due to the COVID-19 pandemic. For example, after the onset of COVID-19, Philips surveyed 1,300 adults in thirteen countries to seize attitudes, perceptions, and behaviors round sleep. The survey revealed on the grounds that the beginning of the COVID-19, 70% of the respondents professional one or greater new sleep demanding situations, subsequently primary to growing use of sleep apnea gadgets.

Rising occurrence of weight problems and exclusive way of existence issues, and growing analysis charges for sleep apnea in advanced and developing countries is supplying a large affected person pool requiring remedy or control of the circumstance. This blended with growing wide variety of sleep clinics, and sleep technicians globally is facilitating the increase of the market. Also there is a big pool of undiagnosed sufferers especially in developing nations.

The shift of patients towards technologically advanced devices has been pivotal in growing new alternatives for sleep apnea management. For instance, the adoption of oral gadgets inclusive of the mandibular development device (MAD) for OSA remedy has expanded because of the discomfort resulting from CPAP gadgets in patients.

Comprehensive Analysis of Sleep Apnea Devices Market

In phrases of tool kind, the marketplace is segmented into healing gadgets and diagnostic gadgets. The therapeutic device segment ruled the market in 2020. Increasing variety of recognized patients present process treatment in sleep clinics together with CPAP remedy, in particular in advanced countries. Based on cease-user, the marketplace is segmented into homecare and different settings, sleep laboratories and clinics. Market players are that specialize in introducing new and portable devices for home use among sufferers undergoing treatment for the condition.

The market length in North America stood at USD 4.16 billion in 2020. The dominance of North America is because of the better occurrence of the disorder and favorable reimbursement rules, which have been pivotal inside the better adoption of such devices within the location. According to the American Academy of Sleep Medicine (AASM), about 3.07% of fellows and 2.05% of ladies have sleep apnea inside the U.S.

The pinnacle players within the market play a essential role in the healthcare enterprise assuring industrial prospectus boom and placing market necessities. These players include, Koninklijke Philips N.V. (Amsterdam, Netherlands), Oventus, Indooroopilly (Australia), Cadwell Industries, Inc., (Kennewick, U.S.), ResMed (San Diego, U.S.), Fisher and Paykel Healthcare Limited (Auckland, New Zealand), Natus Medical Incorporated (Pleasanton, U.S.), SomnoMed (Sydney, Australia), DeVilbiss Healthcare LLC (Pennsylvania, U.S.), Braebon Medical Corporation (Ontario, Canada)the ones marketplace gamers provide a degree-playing competitive panorama.

In February 2021, Signifier Medical Technologies obtained the USFDA approval for eXciteOSA (the first-ever daylight hours treatment), an intraoral neuromuscular stimulation tool for treating OSA.

Segmentation Table

Study Period 2017-2028

Base Year 2020

Estimated Year 2021

Forecast Period 2021-2028

Historical Period 2017-2019

Unit Value (USD billion)

Segmentation Device Type; End User; and Geography

By Device Type Therapeutic Devices

Diagnostic Devices

By End User

Sleep Laboratories & Clinics

Homecare & Other Settings

By Geography North America (By Device Type, By End User, and By Country)

- U.S. (By Device Type)

- Canada (By Device Type)

Europe (By Device Type, By End User, and By Country/Sub-region)

- U.K. (By Device Type)

- Germany (By Device Type)

- France (By Device Type)

- Italy (By Device Type)

- Spain (By Device Type)

- Scandinavia (By Device Type)

- Rest of Europe (By Device Type)

Asia-Pacific (By Device Type, By End User, and By Country/Sub-region)

- Japan (By Device Type)

- India (By Device Type)

- China (By Device Type)

- Australia (By Device Type)

- Southeast Asia (By Device Type)

- Rest of Asia Pacific (By Device Type)

Latin America (By Device Type, By End User, and By Country/Sub-region)

- Brazil (By Device Type)

- Mexico (By Device Type)

- Rest of Latin America (By Device Type)

The Middle East & Africa (By Device Type, By End User, and By Country/Sub-region)

- South Africa (By Device Type)

- GCC (By Device Type)

- Rest of the Middle East & Africa (By Device Type)


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