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Sleep Apnea Devices Market Share, Size 2019-2024 | Industry Analysis, Overview of Market Dynamics, Top Key Players, and Regional Forecast to 2024

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The “Sleep Apnea Devices Market” report 2019 covers all the significant developments which are recently being adopted across the global market. The prime objective of Sleep Apnea Devices market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. The Sleep Apnea Devices market report covers both the demand and supply aspect of the market. The report also highlighted the future trends in the Sleep Apnea Devices market that will impact the demand during the forecast period.

Scope of the Report:

  • Sleep apnea is a serious sleep disorder, in which breathing repeatedly stops and starts. There are three main types of sleep apnea, obstructive sleep apnea, central sleep apnea, and complex sleep apnea syndrome. The factors, such as increased incidences of sleep apnea, increasing awareness among the patient population in the developing countries, favorable government initiatives, and upcoming technological advancements, are expected to drive the growth of the market over the forecast period.

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    Market Overview:

  • The global sleep apnea devices market was valued at USD 5,956.9 million in 2018, and is estimated to be valued at USD 9,193.3 million in 2024, witnessing a CAGR of 7.5%. Few key factors that are driving the market include the increasing incidences of sleep apnea, increasing awareness among the patient population in developing countries, and favorable government initiatives.
  • According to the Sleep Apnea Organization, in 2017, more than 22 million Americans suffered from sleep apnea and 80% of moderate to severe sleep apnea cases were undiagnosed; worldwide, over 100 million people suffer from sleep apnea. Thus, the increasing incidence of sleep apnea is one of the factors responsible for the growth of the sleep apnea devices market.
  • It is known that obstructive sleep apnea (OSA) is a prevalent condition, which affects up to 20% of the world population. It is a serious and life-threatening sleep illness that is largely undiagnosed and untreated. However, various government initiatives are helping patients who suffer from OSA. For instance, in the United States, the American Sleep Apnea Association (ASAA) was founded in 1990, which is a non-profit organization that promotes awareness regarding sleep apnea, works for continuing improvements in treatments for this serious disorder, and advocates for the interests of sleep apnea patients. All these factors are boosting the market.

    Some of the Top Key Players of Sleep Apnea Devices Market Report Are:

  • Fisher & Paykel Healthcare Limited
  • Koninklijke Philips NV
  • Invacare Corporation
  • Natus Medical Incorporated
  • Resmed
  • Cadwell Laboratories Inc.
  • Vyaire Medical Inc.
  • GE Healthcare
  • Nihon Kohden Corporation
  • Teleflex Incorporated

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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    Key Market Trends:

    Actigraphy Devices is Expected to Grow with Highest CAGR in the Diagnostic Devices Category

    Actigraphy devices (actometer or actimeter) utilize a portable device, which is usually worn on the wrist that records physical movement over an extended period. This technology is being increasingly adopted in clinical settings, as actigraphy has the advantage of providing objective information on the sleep habits in patients’ natural sleep environment.

    Since actigraphy is less invasive and less expensive than the PSG devices, it is a promising device for assessing sleep apnea treatment effects. It also can be used for follow-up, once the treatment has begun or to evaluate changes in sleep, over the course of the treatment period. The rising demand for actigraphy devices in sleep apnea is due to its cost effectiveness, as it facilitates non-intrusive 24-hours monitoring at home for extended periods. The sleep-wake is relatively easy and it does not require any installation.

    North America Dominates the Market and Expected to continue its Dominance through the Forecast Period

    North America currently dominates the market for sleep apnea devices and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the high incidence of sleep-disordered breathing (SDB) and rising aging population in the region. The United States holds the majority of the market in the North American region. According to the American Sleep Association, as of 2018, it was estimated that about 50-70 million adult population in the United States were found to have a sleep disorder, 48% were reported to be snoring, 37.9% were reported to be falling asleep during the day, unintentionally, and 4.7% were reported to be nodding off while driving. Insomnia is the most common specific sleep disorder, with short-term issues reported by about 30% of adults and chronic insomnia by 10%. Approximately 25 million adults in the United States have obstructive sleep apnea.

    According to Sleep Zone, it was estimated that about 22 million Americans suffer from moderate to severe sleep apnea, out of which, approximately 3-7% of men and 2-5% of women were found to have had sleep apnea in 2018 in the United States.

    The Report Covers:

    • Comprehensive research methodology of Sleep Apnea Devices market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Sleep Apnea Devices market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Sleep Apnea Devices Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Incidences of Sleep Apnea
    4.2.2 Increasing Awareness Among the Patient Population in the Developing Countries
    4.2.3 Favorable Government Initiatives
    4.2.4 Upcoming Technological Advancements
    4.3 Market Restraints
    4.4 Industry Attractiveness- Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Diagnostic Devices
    5.1.1 Polysomnography Devices (PSG)
    5.1.2 Pulse Oximeters
    5.1.3 Actigraphy Devices
    5.2 By Therapeutic Devices
    5.2.1 Positive Airway Pressure (PAP) Devices
    5.2.1.1 Continuous Positive Airway Pressure (CPAP) Devices
    5.2.1.2 Bi-level Positive Airway Pressure (BiPAP) Devices
    5.2.2 Oxygen Devices
    5.2.2.1 Oxygen Concentrators
    5.2.2.2 Portable Oxygen Concentrators
    5.2.2.3 Liquid Portable Oxygen
    5.2.3 Oral Appliances
    5.2.4 Adaptive Servo Ventilation (ASV) Devices
    5.2.5 Masks and Accessories
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 GCC
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Fisher & Paykel Healthcare Limited
    6.1.2 Koninklijke Philips NV
    6.1.3 Invacare Corporation
    6.1.4 Natus Medical Incorporated
    6.1.5 Resmed
    6.1.6 Cadwell Laboratories Inc.
    6.1.7 Vyaire Medical Inc.
    6.1.8 GE Healthcare
    6.1.9 Nihon Kohden Corporation
    6.1.10 Teleflex Incorporated

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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