According to the latest report by IMARC Group, titled “Sleep Apnea Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global sleep apnea devices market exhibited moderate growth during 2015-2020. Looking forward, the global sleep apnea devices market is expected to grow at a CAGR of around 6% during the forecast period (2021-2026).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Sleep apnea refers to an acute medical condition in which oxygen supply to the brain is obstructed during sleep. It is caused by blockages in the airway resulting in irregular breathing patterns and loud snoring. Sleep apnea diagnostic and therapeutic devices include Continuous Positive Airway Pressure (CPAP), Bilevel Positive Airway Pressure (BiPAP), and Variable Positive Airway Pressure (VPAP) machines, which are utilized to evaluate the patient’s respiratory and other bodily functions during sleep. Besides this, numerous oral devices, such as Mandibular Advancement Device (MAD) and tongue retaining device, are also used to treat mild to moderate cases of sleep apnea.
The rising prevalence of obstructive sleep apnea disorder (OSA), central sleep apnea, and complex sleep apnea syndrome are primarily driving the sleep apnea devices market. These disorders are more prevalent in the geriatric population and individuals suffering from diabetes, hypertension, cardiovascular diseases (CVDs), etc. Additionally, several product innovations, such as Out-of-Center (OOC) testing devices that examine sleep patterns and cardiovascular, oximetry, and respiratory parameters for diagnosing OSA, are also acting as other growth-inducing factors. Apart from this, improving healthcare infrastructures and increasing awareness towards the prolonged effects of sleep apnea are further anticipated to fuel the sleep apnea devices market over the forecasted period.
Sleep Apnea Devices Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global sleep apnea devices market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- BMC Medical Co.
- Braebon Medical Corporation
- Cadwell Laboratories Inc.
- CareFusion Corp.
- Curative Medical Inc.
- Devilbiss Healthcare
- Fisher & Paykel Healthcare
- GE Healthcare
- Oventus Medical
- Panthera Dental
- Somnomed Ltd.
- Vyaire Medical Inc.
- Whole You Inc.
Key Market Segmentation:
The report has segmented the global sleep apnea devices market on the basis of product type, end-user and region.
Breakup by Product Type:
- Therapeutic Devices
- Diagnostic Devices
Breakup by End-User:
- Hospitals and Clinics
- Sleep Laboratories
- Homecare Settings
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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