The Sleep Apnea Diagnostic Devices Market report offers in-depth insights, revenue details, and other vital information regarding the global sleep apnea devices market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2031.
The Sleep Apnea Diagnostic Devices Market report offers insightful and detailed information regarding the various key players operating in the global sleep apnea devices market, their financials, supply chain trends, technological innovations, and key developments, apart from future strategies, and acquisitions & mergers, and market footprint.
The global sleep apnea devices market report has been segmented on the basis of product, end-user, and region.
Sleep Apnea Diagnostic Devices Market Overview:
“The Sleep Apnea Diagnostic Devices Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Sleep apnea or sleep apnea is a sleep disorder. Apnea literally means “cessation of breath” or “respiratory arrest”. It is a chronic sleep disorder in which you have one or more pauses in breathing or shallow breaths while you sleep.
Causes of sleep apnea can be the result of nasal congestion, along with swelling of the throat, or tonsillitis that temporarily produces very enlarged tonsils, due to various severe infections, resulting in failure of the lungs to function effectively.
Temporary spells of sleep apnea syndrome may also occur in individuals who are under the influence of drugs, alcohol, or medicines that may relax their body tone excessively and interfere with normal arousal from sleep mechanisms, depression and fatigue, unhealthy lifestyle, and night shifts.
Sleep disorders can hamper an individual’s quality of life and result in loss of productivity.
Since the individual is not aware of the disorder symptoms occurring during sleep, many sleep apnea cases are undiagnosed, resulting in the worsening of several health conditions such as hypertension, stroke, diabetes, heart diseases, and others.
Sleep apnea can be bifurcated into two types, obstructive sleep apnea (OSA) and central sleep apnea. Among the two, obstructive sleep apnea is a common form of sleep apnea, and around 4% – 5% of the population is affected.
The sleep apnea devices market is expected to witness rapid growth due to technological advances that result in the development of effective diagnostic and therapeutic devices. The factors powering the growth of the global sleep apnea devices market are increasing healthcare expenditure on home care testing equipment and wearable devices.
The increasing prevalence of obstructive sleep apnea is likely to lead to significant growth in costs incurred for the treatment of sleep apnea, which is anticipated to create demand for more advanced devices for the diagnosis of sleep apnea.
These factors in turn are expected to positively impact the sleep apnea devices market during the forecast period.
On the other hand, the high cost of treatment therapies, high cost of treatment devices, regulatory procedures, side effects of sleep apnea devices, cheaper alternative options for treatments, high competition in the market, along with the emergence of new entrants may hinder the growth of the market.
North American market has been estimated to dominate the global sleep apnea devices market, accounting for a maximum revenue share of the market, due to high obesity rates and improper lifestyles, and higher adaptability rate of sleep apnea services.
Introduction of updated devices and owing to the simple and easy process of their regulatory approval, the market in North America is creating a positive impact on the global sleep apnea devices market, followed by markets in Europe and the Asia Pacific.
Global Sleep Apnea Diagnostic Devices Market Segmentation:
Global sleep apnea devices market segmentation by product:
- Therapeutic Devices
- Diagnostic Devices
Global sleep apnea devices market segmentation by end-user:
- Home Care Settings
- Sleep Laboratories and Hospitals
Global sleep apnea devices market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Koninklijke Philips N.V.
- ResMed Inc.
- GE Healthcare
- Natus Medical Incorporated
- Nihon Kohden
- Fisher and Paykel Healthcare Ltd.
- CareFusion Corporation
- Medtronic, Inc.
- Cadwell Laboratories, Inc.
- BMC Medical Co, Ltd.
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