Analyst Speak:

“The Sleep Apnea Devices Market is anticipated to grow at prominent growth rate over the forecast years to reach about US$ 8,643.9 Mn by 2025 owing to increase in R&D activities for the launch of newer devices into market”.

Precision Business Insights (PBI) in its report titled “Sleep Apnea Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

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The sleep apnea devices market estimated to reach US$ 8,643.9 Mn by 2025. The factors influencing the growth of global sleep apnea devices market include increase in the prevalence of sleep apnea around the globe. For instance, according to a research study, approximately 1 Bn people affected with obstructive sleep apnea around the globe. Moreover, rise in R&D for the development of innovative devices, surge in awareness about the sleep apnea devices among the populations, and increase in global geriatric population are anticipated to boost the sleep apnea devices market over the forecast years. However, high cost of devices, stringent regulations for the medical device approval, and product recall are anticipated to restrain the growth of sleep apnea devices market over the forecast years. For instance, in June 2018, Compass Health Brands recalled the company’s Probasics Brand Zzz-Mask SG Full Face CPAP Mask designed for patients requiring Continuous Positive Airway Pressure (CPAP) for the treatment of obstructive sleep apnea due to possible air leaks.

Sleep apnea devices market segmented on the basis of product type, end user, and region.

Therapeutic Devices Segment Expected to Dominate the Market

Based on product type, the sleep apnea devices market segmented into diagnostic devices and therapeutic devices. Therapeutic devices dominated the sleep apnea devices market in 2018 and is expected to maintain its dominance during the forecast period attributed to increase in awareness about the therapeutic devices among the population, development of advanced devices such as portable and superior devices, an favorable reimbursement policies for the developed and developing countries. However, diagnostic devices segment contributed a notable share in 2018 and the segment is expected to grow with highest CAGR over the forecast years.

North America, Accounts for Major Revenue Share for Sleep Apnea Devices Market

Precision Business Insights (PBI), sleep apnea devices market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for major revenue share due to increase in R&D for the development of innovative devices by the market players, rise in prevalence of sleep apnea in USA and Canada, and favorable reimbursement guidelines in the region. Asia Pacific is anticipated to show a significant growth rate owing to large pool of population, surge in geriatric population in India, China, and Japan, and development of healthcare infrastructure are boost the market.

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U.S FDA Approval and Product Launch Play Vital Role in Body Contouring Market

Approval from U.S FDA and launch of the product will play an important role in the development of the market. For instance, in October 2017, Respicardia, Inc. received FDA approval for the Remedē System, an implantable device to treat moderate to severe central sleep apnea

Key players in the market include Koninklijke Philips NV, Fisher & Paykel Healthcare, GE Healthcare, Weinmann Medical Devices GmbH, ResMed, Inc., Respicardia, Inc., Compumedics Limited, Devilbiss Healthcare, Nihon Kohden, Somnetics International, and Itamar Medical.

Detailed Segmentation

By Type

Therapeutic Devices
PAP Devices
Oral Devices
Nasal Devices
Chin Straps
Diagnostic Devices
Actigraphs
Polysomnography
Respiratory Polygraphs
Pulse Oximeters

By End Users

Home Care Settings
Sleep Laboratories and Hospitals

Geography

North America

US
Canada

Europe

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
ASEAN
Rest of Asia Pacific

Latin America

Brazil
Mexico
Argentina
Chile
Rest of Latin America

Middle East and Africa

South Africa
Saudi Arabia
Rest of MEA

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