The sleep apnea devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sleep Apnea Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The sleep apnea devices market size has grown strongly in recent years. It will grow from $7.66 billion in 2023 to $8.16 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to aging population, obesity epidemic, increased recognition of comorbidities, globalization of sleep apnea awareness, prevalence of sleep apnea.
The sleep apnea devices market size is expected to see strong growth in the next few years. It will grow to $10.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to advancements in home sleep testing, personalized treatment approaches, increasing adoption of oral appliances, focus on pediatric sleep apnea, patient compliance improvement, emerging markets and increased access. Major trends in the forecast period include telemedicine and remote monitoring, portable and travel-friendly devices, integration of wearable technologies, customization and personalization of therapies, research in implantable devices.
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Scope Of Sleep Apnea Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sleep Apnea Devices Market Overview
Market Drivers –
The growing prevalence of sleep apnea disorders is expected to propel the growth of the sleep apnea devices market going forward. Sleep apnea refers to a potentially deadly sleep problem that is characterized by frequent breathing pauses and starts. Sleep apnea devices are projected to be important in treating sleep apnea disorders and avoiding sleep disturbances. Through tubing, this device continuously pumps pressurized air into a sleep mask and prevents the patient’s airways from collapsing. For instance, in April 2022, according to the AMA (American Medical Association), a US-based medical students’ and doctors’ professional organization, in the US, 30 million people suffered from sleep apnea. One in fifteen Americans, or 6.62 percent of all Americans, suffers from some kind of sleep apnea, with around 30 percent reporting some symptoms. Therefore, the growing prevalence of sleep apnea disorders is driving the growth of the sleep apnea device market.
Market Trends –
Product innovation is a key trend gaining popularity in the sleep apnea devices market. Major companies operating in the sleep apnea devices market are focusing on developing new innovations in technological products to sustain their position in the market. For instance, in August 2021, ResMed Inc., a US-based medical device company, launched its AirSense 11 PAP Series, a new innovative digital health solution for sleep apnea treatment. It was specifically designed to help hundreds of millions of people worldwide with sleep apnea. AirSense 11 has additional features, including a personal therapy assistant and care check-in, that are intended to provide PAP users with individualized advice, making therapy and evening usage more pleasant for them. Additionally, users can access remote software updates each night to use the most recent version of these tools, and the device’s user-friendly interface, touch screen, and sleek appearance, which imitate those of a smartphone, are intended to encourage greater adherence to therapy.
The sleep apnea devices market covered in this report is segmented –
1) By Product Type: Airway Clearance System, Adaptive Servo-Ventilation (ASV), Positive Airway Pressure (PAP) Devices, Oral Appliances, Oxygen Devices, Sleep Screening Devices, Actigraphy Systems, Polysomnography (PSG) Device, Respiratory Polygraph
2) By Patient Type: Pediatric, Adult, Geriatric
3) By Disease: Obstructive Sleep Apnea Syndrome, Central Sleep Apnea Syndrome, Complex Sleep Apnea Syndrome
4) By End User: Hospital And Clinics, Diagnostic Centers, Ambulatory Care Centers, Specialty Care Center, Home Healthcare
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Regional Insights –
North America was the largest region in the sleep apnea devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global sleep apnea devices market during the forecast period. The regions covered in the sleep apnea devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the sleep apnea devices market report are ResMed Inc., Fisher And Paykel Healthcare Corporation Limited, Natus Medical Incorporated, Compumedics Limited, Somnoware Healthcare Systems Inc., DeVilbiss Healthcare LLC, Braebon Medical Corporation, Koninklijke Philips N.V., BMC Medical Co. Ltd., Lowenstein Medical Technology GmbH Co. KG, Nihon Kohden Corporation, Invacare Corporation, Cadwell Industries Inc., Oventus Medical Ltd., Inspire Medical Systems Inc., Itamar Medical Ltd., APEX Medical Corp., Drive DeVilbiss Healthcare, 3B Medical Inc., Airing LLC, Airway Management Inc., Bleep LLC, Circadiance LLC, GE Healthcare, HOFFRICHTER GmbH, Human Design Medical LLC, ImThera Medical Inc., Provent Sleep Therapy LLC, Resonea Inc., Sleepnet Corporation
Table of Contents
1. Executive Summary
2. Sleep Apnea Devices Market Report Structure
3. Sleep Apnea Devices Market Trends And Strategies
4. Sleep Apnea Devices Market – Macro Economic Scenario
5. Sleep Apnea Devices Market Size And Growth
…..
27. Sleep Apnea Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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