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Global Sleep Apnea Devices Market Size and Forecast 2024-2033|ResMed Inc., Fisher And Paykel Healthcare Corporation Limited, Natus Medical Incorporated, Compumedics Limited, Somnoware Healthcare Systems Inc

A 60-year-old man sleeps with a CPAP machine in bed to treat his sleep apnea, a condition where breathing repeatedly stops and starts during sleep.

The Sleep Apnea Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Sleep Apnea Devices Global Market Report 2024, 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.

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.

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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

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 report table of contents includes:

1. Executive Summary

2. Sleep Apnea Devices Market Characteristics

3. Sleep Apnea Devices Market Trends And Strategies

5. Global Sleep Apnea Devices Market Size and Growth

26. South America Sleep Apnea Devices Market

27. Brazil Sleep Apnea Devices Market

28. Middle East Sleep Apnea Devices Market

29. Africa Sleep Apnea Devices Market

30. Sleep Apnea Devices Market Competitive Landscape And Company Profiles

Top Major Players: