Sleep Apnea Devices Market Potential Growth, Demand And Analysis Of Key Players- Analysis Forecasts To 2032

 The global sleep apnea devices market size is anticipated to grow at a CAGR of 7.8% over the forecast period, from US$ 7 billion in 2021 to US$ 9.5 billion by 2026.

The expanding prevalence of sleep apnea and related co-morbidities and expanding knowledge about sleep disorders are among the primary drivers driving overall sleep apnea devices market expansion.

Technological improvement is expected to boost the sleep apnea devices market growth during the forecast period. These improvements in oral appliances, oxygen devices, and actigraphy systems have improved sleep disorders’ treatment results and success rate.

Players in the sleep apnea devices market are concentrating their efforts on research and development in order to create novel technology.

Newly released lightweight, portable sleep apnea solutions are integrated with pressure compensating sensors that can correct for altitude-related reductions in atmospheric pressure, enhancing their acceptance. Sleep apnea devices are becoming increasingly popular since they provide patients with more options and freedom.

Thus, the adoption of technology-enabled sleep apnea devices for both diagnostic and therapeutic reasons in various sleep disorders is expected to skyrocket in the future years.

One of the key challenges impeding the adoption of sleep apnea devices is a lack of commitment to sleep apnea therapy. Positive airway pressure sleep apnea devices are highly recommended for treating a variety of sleep disorders. Despite their great effectiveness, these devices’ action efficacy is limited in certain circumstances due to the fact that they require correct and frequent usage as well as ongoing medical monitoring.

In the medium term, this lack of adherence will be a key impediment to the expansion of the sleep apnea equipment market. However, in the long run, it will have little influence because sleep apnea devices manufacturers are focusing on making their sleep apnea devices more technologically sophisticated and lowering the difficulties associated with their adherence to sleep apnea therapy.

The increased incidence of sleep disorders and related co-morbidities is predicted to considerably enhance sleep apnea devices market revenue.

The rapidly rising senior population suffering from sleep apnea and related health concerns have accelerated the need for sleep disorders diagnosis and treatment, which has favourably impacted the sleep apnea devices market revenue.

Key Takeaways:

  • By type, therapeutic devices account for the majority of the market for sleep apnea devices owing to the increasing adoption of sleep apnea therapeutic devices and improving reimbursement scenarios for these devices.
  • By end use, the home care settings segment is expected to grow at the fastest CAGR due to increasing patient and insurance company preference for home sleep testing, as well as a favourable reimbursement scenario for home sleep testing.
  • Due to the rising prevalence of elderly people with chronic diseases such as diabetes and obesity, the geriatric segment is expected to dominate the sleep apnea devices market, thereby spiking the sales of sleep apnea devices.
  • The direct tender segment is expected to dominate the global sleep apnea devices market since it provides high-quality and easily accessible sleep apnea devices to hospitals, diagnostic centers, ambulatory care centers, and specialty care centers.
  • During the forecast period, Asia Pacific is expected to advance at a rapid pace and experience huge demand for sleep apnea devices on account rising elderly population and an increase in the prevalence of lifestyle illnesses.

 “North America is projected to be at the forefront of the sleep apnea devices market due to the prevalence of expanding technological advancement in the region and major market players. On account of rising healthcare costs and well-established healthcare infrastructure, the obstructive sleep apnea syndrome segment in the United States of North America is expected to hold a large sleep apnea devices market share.” says an FMI analyst.

Competitive Landscape:

Top sleep apnea devices companies providing sleep apnea devices are:

  • ResMed
  • Itamar Medical Ltd.
  • Natus Medical Incorporated
  • CONTEC MEDICAL SYSTEMS CO., LTD
  • Koninklijke Philips N.V.
  • BMC Medical Co., Ltd.
  • SomnoMed, Medicom MTD Ltd
  • Somnowell
  • Fisher & Paykel Healthcare Limited

Many product launches and agreements are also being initiated by companies around the world, which is accelerating the sleep apnea devices market opportunities.

For more Information @ https://www.futuremarketinsights.com/reports/sleep-apnea-devices-market 

Key Segments

By Product

  • Therapeutics

Airway Clearance Systems

Adaptive Servo-ventilation (ASV)

Positive Airway Pressure (PAP) Device

Oral Appliances

Oxygen Devices

Others

  • Diagnostics

Actigraphy Systems

Polysomnography (PSG) Device

Respiratory Polygraph

Sleep Screening Devices

By End User

Home Care Settings & Individuals

Sleep Laboratories & Hospitals

Comments

Post a Comment

Popular posts from this blog

Urgent Care Market Analysis by Size, Share, Growth, Trends up to 2032

  Between 2022 and 2032, the   urgent care market demand   is anticipated to increase globally at a moderate CAGR of roughly 5.4%, resulting in sizable revenues by the end of the projection period (2032). Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Urgent Care Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.   The team of analysts at Future Market Insights are focussing on research and market study to produce different Urgent Care Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Urgent Care Market. Key Players The writer will create content on the general strategies o
Read more

Automotive Brake System & Components Market Revenue, Future And Business Analysis By Forecast 2032

 The global  automotive brake system & components market  is expected to showcase opulent growth over the forecast period from 2022 to 2032 by generating a stable CAGR of 4.7%. The global market is estimated to be valued at US$ 66,414.8 Mn in 2022 and is expected to reach a valuation of US$ 105,131.2 Mn by 2032. As per the historical analysis, from 2017 to 2021, the automotive brake system & components market registered a stagnant growth at 1.0% CAGR but over the years, the market exhibited phenomenal growth and the CAGR reached 4.7% in the forecast period (2022-2032). This year-on-year growth in 2022 is attributed to the surging number of government initiatives in various countries in order to attract the attention of car owners toward vehicle safety. Government bodies are either promoting awareness regarding safety issues or enforcing stringent legislation. Widespread acceptance of luxury  hybrid vehicles , along with enforcement of several safety regulations and surging util
Read more

Dental Burs Market | Growth Opportunities, Business Insights And Forecast To 2032

With an anticipated market value of over  US$ 139.2 Million as of 2022 , the demand for  dental burs market size   is expected to experience a significant CAGR growth value of about  7.8%  from 2022 to 2032, reaching an estimated market value of  US$ 295.6 Million in 2032.  Specialty clinics will account for a significant 40.1% of the end-user sector of the global market in 2021, according to forecasts from Future Market Insights. Over the last two decades, the frequency of dental disorders such as gum disease, dental crack, periodontal disease, and dental cavities has been on the rise. This is expected to boost the worldwide dental burs market. Dentin removal, cutting hard tissues, implantology, cavity preparation and other procedures need the use of dental burs, which are frequently made of stainless steel, tungsten carbide, and diamond grit. The most common and preventable dental condition is dental caries. This factor is associated with changing lifestyles as well as individual eat
Read more