The Infinium Global Research analyzes the Sleep Apnea Devices Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size, and future trends in the global sleep apnea devices market. It will help a lot of decision-makers to develop strategies and find new opportunities in the global markets of sleep apnea devices. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the sleep apnea devices market during the period.
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Sleep apnea is a potentially serious sleep disorder in which a person’s breathing is interrupted during sleep. According to the National Sleep Foundation, between 5 and 20 percent of the adult population has obstructive sleep apnea. Nowadays, several therapy device options and diagnostic devices are available commercially to treat sleep apnea and to ensure comfort throughout the night. Positive airway pressure machines and oral appliances are most commonly used for the treatment of sleep apnea. Furthermore, over 100 different oral appliances are FDA approved for the treatment of snoring and obstructive sleep apnea.
Increasing Prevalence of Obstructive Sleep Apnea and Growing Awareness About it are Primarily Driving the Growth of the Sleep Apnea Devices Market
The increasing prevalence of obstructive sleep apnea and growing awareness about it is primarily driving the growth of the sleep apnea devices market. In 2018, a ResMed data analysis discovered that approximately 936 million people worldwide are affected by sleep apnea. The study also suggests that1 in 5 adults has mild obstructive sleep apnea and 1 in 15 has moderate to severe obstructive sleep apnea. Approximately, 9% of middle-aged women and 25% of middle-aged men suffer from obstructive sleep apnea.
In addition, the severity of obstructive sleep apnea increases with age. Therefore, the rising elderly population is anticipated to boost the market growth. Furthermore, smoking, excessive use of alcohol or sedatives, and rising cases of obesity amongst the population are increasing the risk of obstructive sleep apnea, thereby fueling the growth of the sleep apnea devices market. However, the high costs associated with these devices and low awareness about sleep apnea in several developing regions are likely to hamper the growth of the sleep apnea market.
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Sleep Apnea Devices Market: Segmentation
The sleep apnea device market if bifurcated into product and end-users. The product segment is bifurcated into therapeutic devices and diagnostic devices. The therapeutic devices are further segmented into Positive Airway Pressure (PAP) Devices, oral appliance, facial interface, adaptive servo-ventilation (ASV), airway clearance systems, oxygen concentrators, and other accessories. The diagnostic diseases are further classified into Polysomnography (PSG) Devices, Respiratory Polygraphs, Single-Channel Screening Devices (Pulse Oximeters), and Actigraphy Systems.
Among the therapeutic devices, Positive airway pressure machines hold a dominant share as they are the most widely used treatment for moderate and severe sleep apnea and are used with a variety of breathing masks. While the use of oral appliances for the treatment of sleep apnea continues to increase in popularity as they are growing as an effective first-line treatment for many sleep apnea sufferers. The end-users include hospitals, homecare, and sleep laboratories.
High Prevalence and Increased Awareness about Sleep Apnea is Primarily Contributing to the Growth of the Sleep Apnea Devices Market
North America dominates the sleep apnea devices market. The high prevalence and increased awareness about sleep apnea are primarily contributing to the growth of the sleep apnea devices market. The U.S. mainly contributes to the growth of the North America sleep apnea devices market. Approximately 170 million people across North and South America have sleep apnea, that is 37 percent of adults in the Americas have sleep apnea, and three countries with the highest number of cases are the United States (54 million), Brazil (49 million) and Columbia (11 million). Furthermore, the increased spending capacity of people in North America and the presence of several device manufacturers contribute to the growth of the sleep apnea devices market.
Sleep Apnea Devices Market: Competitive Analysis
The major players in the sleep apnea devices market include Compumedics Limited, GE Healthcare, Invacare Corporation, WEINMANN Medical Devices GmbH, Cadwell Industries, Inc., Braebon Medical Corporation, Respironics, Inc., CareFusion Corporation, ResMed Inc. and Fisher & Paykel Healthcare Corporation Limited among others. Innovation in existing products and new product development remains the key strategies of the sleep apnea devices market players.
In June 2019, Itamar Medical, a firm based in Israel, won FDA clearance for its brand new WatchPAT One system for at-home sleep apnea testing. The system is based on the previously cleared WatchPAT 300 device, but it’s fully disposable and is, therefore, is not reused between patients, helping to prevent any infections. Itamar Medical Ltd is a medical device company engaged in the research and development of non-invasive medical devices for diagnosis of various medical conditions, including cardiovascular disease and respiratory disorders.
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