Global Sleep Apnea Devices Market Forecast to 2030
According to the most recent report by Emergen Research, the size of the global market for sleep apnea devices is anticipated to reach USD 12.88 billion in 2030, growing at a consistent revenue CAGR of 6.9%. One of the main factors influencing the rise of market revenue is the growing patient base of undiagnosed sleep apnea. For instance, the most prevalent type of sleep breathing disease, obstructive sleep apnea (OSA), affects 37% of men and 50% of women. Yet, 80% of OSA sufferers are thought to go undetected and thus untreated. The prevalence of sleep apnea is also higher among Pacific Islanders, African Americans, and Hispanics than among white people. Due to the high number of undiagnosed cases and expanding incidence of this condition, there is a growing demand for sleep apnea equipment.
Using 2019 as the base year and 2022–2030 as the forecast year, the Global Sleep Apnea Devices Market research report is a thorough document that details the most current innovations and developments in the Sleep Apnea Devices industry. Insightful information on market size, market share, sales channels, distribution networks, market segmentation, consumer wants and trends, and growth prospects are provided in the study. The study also looks at regional and international market expansion. The impact of the COVID-19 pandemic on the Sleep Apnea Devices Market and its significant sectors is examined in the report.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
ResMed, Koninklijke Philips N.V., Fisher & Paykel Healthcare Limited, Inspire Medical Systems, Inc., SomnoMed.com, Oventus, Compumedics Limited, Löwenstein Medical Technology GmbH + Co. KG., Drive DeVilbiss International, and BMC
Market Dynamics:
The report offers insightful information about the market dynamics of the Sleep Apnea Devices market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Sleep Apnea Devices market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Sleep Apnea Devices market.
Radical Highlights of the Sleep Apnea Devices Market Report:
- Comprehensive overview of the Sleep Apnea Devices market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Sleep Apnea Devices market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Some Key Highlights From the Report
- On 18 October 2021, Candid established a strategic alliance with Vivos Therapeutics, a company that treats obstructive sleep apnea , to provide patients with a comprehensive whole-mouth treatment for OSA. This strategic alliance will deliver an adult-specific solution for detecting and treating OSA, as well as orthodontic therapy from the same provider network.
- The therapeutic devices segment is expected to account for largest revenue share during the forecast period. This is attributed to increasing number of reported patients seeking treatment in sleep clinics, including CPAP therapy and design of new digital technologies, which are intended to make therapy setup and night usage easier for patients, while also assisting physicians in providing care more effectively. For example, on 16 August 2021, ResMed, a global innovator in digital health as well as sleep apnea treatment, launched AirSense 11, the company's next-generation Positive Airway Pressure (PAP) device designed to assist hundreds of millions of individuals worldwide with sleep apnea in establishing and maintaining treatment for managing and treating obstructive sleep apnea.
- The home care settings/individuals segment is expected to register a higher revenue share during the forecast period attributed to increased investments by key market players. For example, on 03 October 2022, Acurable, a medical device business based in the UK, announced a USD 10.8 million Series A financing round led by Kibo Ventures. Mundi Ventures, Comprador Holdings, and Kindred Capital co-led the fund. This funding will be used to speed international growth of AcuPebble SA100, the company's first home sleep-testing gadget that allows users to identify and monitor obstructive sleep apnea. Thus, owing to aforementioned factors, the home care settings/individuals segment is significantly driving market revenue growth during the forecast period.
- The North America market is expected to account for largest revenue share during the forecast period. This is attributed primarily to rising cases of sleep apnea, presence of significant market participants in this region, and improving awareness and widespread use of oral sleep apnea appliances. For example, on 09 February 2021, GoPAPfree, announced the debut of its new personalized oral appliance treatment equipment, which provides an efficient and agreeable alternative to CPAP therapy for obstructive sleep apnea with at-home shaping and implementation.
Sleep Apnea Devices Market Segmentation:
Market Overview:
The report bifurcates the Sleep Apnea Devices market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Type Outlook (Revenue, USD Billion; 2019–2030)
- Therapeutic Devices
- Positive Airway Pressure Devices
- Therapeutic Devices
- Automatic Positive Airway Pressure Devices
- Continuous Positive Airway Pressure Devices
- Bilevel Positive Airway Pressure Devices
- Masks
- Full-Face Masks
- Nasal Pillow Masks
- Nasal Masks
- Mandibular Advancement Devices
- Tongue-Retaining Devices
- Polysomnography Devices
- Ambulatory PSG Devices
- Clinical PSG Devices
- Fingertip Oximeters
- Handheld Oximeters
- Wrist-Worn Oximeters
- Tabletop Oximeters
- End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Sleep Laboratories & Hospitals
- Home Care Settings/Individuals
- Regional Outlook (Revenue, USD Billion, 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Germany
- UK
- France
- Spain
- BENELUX
- Rest of Europe
- China
- India
- Japan
- South Korea
- Rest of APAC
- Brazil
- Rest of LATAM
- Saudi Arabia
- UAE
- Israel
- Rest of Middle East & Africa
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the Sleep Apnea Devices Market report is an exhaustive database that will help readers formulate lucrative strategies. The Sleep Apnea Devices Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Sleep Apnea Devices market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Sleep Apnea Devices with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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