Sleep Apnea Devices Market Size and Growth Rate:
According to our research report, the Sleep Apnea Devices Market size is poised to reach USD 9193.3 million by the end of 2024 from USD 5956.9 million in 2018 and this market witnessed a growth rate of 7.5% during the forecast period 2018-2024.
Sleep Apnea Devices Market - Growth Drivers and Opportunities:
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 are suffering from the sleep apnea and 80% of moderate to severe sleep apnea cases are undiagnosed and Worldwide, over 100 million people suffer from sleep apnea. Thus, increasing incidence of sleep apnea is one of the factors for the growth of the Sleep Apnea market.
Sleep Apnea Devices Market - Regional Analysis:
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 America region. According to the American Sleep Association as of 2018, it was estimated that about 50-70 million adult population in the United States are found to have a sleep disorder, 48% are reported to be snoring, 37.9% are reported to falling asleep during the day, unintentionally, 4.7% are 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 are found to have had sleep apnea in 2018 in the United States.
Prominent Companies in the Sleep Apnea Devices Market analyzed in the report are:
- Fisher & Paykel Healthcare Limited
- Koninklijke Philips NV
- Invacare Corporation
- Natus Medical Incorporated
This research report includes following segmentation for the Sleep Apnea Devices Market size and forecast until 2024:
Sleep Apnea Devices Market – By Diagnostic Devices:
- Polysomnography Devices (PSG)
- Pulse Oximeters
- Actigraphy Devices
Sleep Apnea Devices Market – By Therapeutic Devices::
- Positive Airway Pressure (PAP) Devices
- Continuous Positive Airway Pressure (CPAP) Devices
- Bi-level Positive Airway Pressure (BiPAP) Devices
- Oxygen Devices
- Oxygen Concentrators
- Portable Oxygen Concentrators
- Liquid Portable Oxygen
- Oral Appliances
- Adaptive Servo Ventilation (ASV) Devices
- Masks and Accessories
Sleep Apnea Devices Market – By Geography:
- United Kingdom
- South Korea
Middle-East & Africa