Sleep Apnea Devices Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Healthcare
Report Code - OMR-H-279
Format: PDF, PPT, and Excel
Sleep Apnea Devices Market to Grow with a CAGR of 7.2% During 2023-2030; Market to Increase Due to Factors Such as Increasing Prevalence of OSA
Sleep apnea is a critical sleep disorder in which breathing ceases for at least 10 seconds, resulting in irregular and disrupted breathing patterns and a decrease in the blood's oxygen saturation. Obesity, old age, and age, and nasal obstruction caused by allergies or sinuses are all risk factors for sleep apnea. Untreated sleep apnea can lead to a higher risk of health issues, including high blood pressure, heart failure, stroke, diabetes, melancholy, ADHD deterioration, and headaches.
The market for sleep apnea equipment has been significantly impacted by the COVID-19 pandemic. In addition to higher stress levels, less physical activity, and altered sleep habits, the pandemic has caused a number of changes in how people live and work. The prevalence of sleep apnea has increased as a result of these changes.
Key Takeaways of the Sleep Apnea Devices Market
By Product Type
The therapeutic devices segment is anticipated to experience the highest growth over the forecast time frame. Increasing public awareness of these disorders and the availability of highly advanced technological devices are among the most important factors driving market expansion.
By Region
In the coming years, North America is anticipated to continue to be the largest market for sleep apnea devices. The growing prevalence of sleep apnea due to several underlying diseases, such as melancholy and anxiety, technological advancements, and the introduction of products supported by extensive research is expected to stimulate the market.
Increases Demand for Home Sleep Apnea Test to Fuel Market Expansion
Home sleep apnea tests are gaining popularity due to the cost-effectiveness and ease of sleep apnea treatment at home. Due to the pandemic, there has been a surge in demand for telemedicine. Artificial intelligence (AI) and other emerging technologies in sleep apnea devices are also creating new market opportunities. For instance, GoPAPfree introduced O2Vent OptimaI, a highly effective and home-useable alternative to CPAP therapy, in February 2021.
Growing Population Suffering of Sleep Apnea to Boost the Market Potential
According to Sleep Science Resource, LLC, it is estimated that 18 million adults in the United States suffer from obstructive sleep apnea (OSA). People's sedentary lifestyle has increased the incidence of cardiovascular diseases, elevated stress levels, and obesity. Aging is a significant factor driving the development of the sleep apnea device market. The elderly are most susceptible to developing this condition. The proportion of the global population aged 65 or older is projected to increase from 10% in 2022 to 16% in 2050, according to data published by the World Population Prospects 2022.
Global Sleep Apnea Devices Market Prominent Players
• GE HealthCare (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• Cadwell Industries Inc. (U.S.)
• Fisher & Paykel Healthcare Limited (New Zealand)
• ResMed (U.S.)
• SOMNOmedicsGmbH (Germany)
• Invacare Corporation (U.S.)
• Natus Medical Incorporated. (U.S.)
• Compumedics Limited (Australia)
• BMC (China)
• BD (U.S.)
• LivaNova PLC (U.K.)
Report Scope for Sleep Apnea Devices Market
Product Type
• Diagnostic Devices
o Actigraphs
o Polysomnography (PSG) device
o Respiratory Polygraphs
o Pulse Oximeters
• Therapeutic Devices
o Positive Airway Pressure (PAP) Devices
 CPAP
 APAP
 Bi-PAP
o Oral Devices
o Nasal Devices
o Chin Straps
• Sleep Apnea Masks
End Users
• Sleep Laboratories & Clinics
• Homecare
• Other Settings
Sleep Apnea Devices Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
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