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, IMARC Group expects the market to grow at a CAGR of around 6% during 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, or Sleep-Disordered Breathing (SDB), represents a medical condition in which oxygen supply to the brain is hampered during sleep. It is caused by blockages in the airway that result in loud snoring and irregular breathing patterns, with the individual gasping for breath. Continuous Positive Airway Pressure (CPAP), Bilevel Positive Airway Pressure (BiPAP), Variable Positive Airway Pressure (VPAP), and other machines are used to evaluate the bodily functions of the patient during sleep. Sleep apnea therapeutic and diagnostic devices are widely used in hospitals, clinics, sleep laboratories, home care settings, etc.
The growing prevalence of Obstructive Sleep Apnea (OSA) disorder, central sleep apnea, and complex sleep apnea syndrome is one of the primary factors driving the sleep apnea devices market. In line with this, the increasing incidences of diabetes, cardiovascular diseases, hypertension, etc., among the expanding geriatric population is further catalyzing the market growth. Moreover, numerous product innovations, including the development of Out-of-Center (OOC) testing devices that assist in examining cardiovascular, oximetry, and respiratory parameters for OSA diagnosis, are also augmenting the global market. In addition to this, the inflating popularity of oral product variants, such as the Mandibular Advancement Device (MAD), is acting as another significant growth-inducing factor. Furthermore, the improving healthcare infrastructures across countries and the launch of affordable devices by several market players are projected 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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