Latest market study on “Global Sleep Apnea Devices Market Forecast to 2028 – Global Analysis and Forecasts by Diagnostic Devices, Therapeutic devices, and End-Users. The global Sleep Apnea Devices market is calculated to account for US$ 8,305.3 Mn by 2025 as compared to US$ 5,731.3 Mn in 2017, growing at a CAGR of 7.9% during the forecast period from 2018 to 2025. The report highlights the market scenario of the global sleep apnea devices.
The global sleep apnea devices market is experiencing a steep rise in the present scenario and is expected to expand in the coming years. The market for sleep apnea devices consists of well-established players and tier 2 and tier 3 companies across the globe, which invests substantial amounts in order to deliver the most advanced technology to various industries.
Rising prevalence of sleep apnea, increasing use of oral appliances and rising geriatric population are the major drivers for the growth of the market. As per the American Sleep Apnea Association, in 2017, 22 million Americans suffer from sleep apnea. Additionally, nearly 80% of the cases of moderate and severe obstructive sleep apnea undiagnosed. Furthermore, new product development by various market players accelerates the market growth. For instance, in September, 2016, Somno Med Limited, received FDA approval for its product “Somno Dent Alpha”. Additionally, In April 2016, BMC launched Polypro sleep monitoring device which is a home sleep testing device and portable PSG. The product is easily accessible in sleep labs because of the mobile application of Polypro. These developments in the market are likely to boost the market growth.
The global sleep apnea devices market is a matured market in the developing countries as well as developing economies worldwide. Key factors driving the growth of the market are increased usage of oral devices and technological developments by major players. For instance, in May 2017, Fisher & Paykel launched the advanced F&P Sleep Style CPAP Device which are developed for the usage in the diagnosis and treatment of sleep specialists and obstructive sleep apnea or OSA patients. In May 2017, Res Med launched Air Touch F20 full face mask with Ultra Soft memory foam mask cushion, which is a game-changer for patients with sleep apnea. The product is compatible with any CPAP that includes Air Mini. Additionally, rising geriatric population suffering from sleep apnea also supports the market growth. Various countries across the globe focus on creating awareness about sleep apnea among the general population, to initiate early diagnosis and treatment.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are committed to provide highest quality research and consulting services to our customers. We help our clients understand the key market trends, identify opportunities, and make informed decisions with our market research offerings at an affordable cost.
We understand syndicated reports may not meet precise research requirements of all our clients. We offer our clients multiple ways to customize research as per their specific needs and budget
Contact Us:
The Insight Partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek