Sleep Apnea Devices Market 2020 by industry trends, statistics, key companies growth and regional forecast
Category: #business  By Ronak Bora  Date: 2021-03-31
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Sleep Apnea Devices Market 2020 by industry trends, statistics, key companies growth and regional forecast

Sleep Apnea Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Sleep apnea devices market is projected to witness tremendous growth over the forecast period of 2019 to 2025 considering the accelerating demand for effective solutions for sleeping disorders. Sleep apnea is one of the serious sleep disorders in which breathing frequently starts and stops while sleeping, which can subsequently lead to several chronic disorders such as heart diseases, diabetes and various other long-term health risks if not treated in time.

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According to GMI report, sleep apnea devices market size is estimated to surpass USD 10.0 billion by 2025.

Technological advancements in sleep apnea devices are expected to  positively influencing the industry growth over the forthcoming years. Say for instance, introduction of Hypoglossal Nerve Stimulation device for the treatment of obstructive sleep apnea.

Additionally, several manufacturers are focused on R&D activities to develop advanced solution to effectively meet the consumers’ demand. For instance, in 2019, Philips announced the launch of its sleep position therapy device NightBalance, designed specifically for the patients suffering from positional obstructive sleep apnea. According to the company, this product is a mask-free alternative and uses gentle vibrations which urges the patients to change their sleeping position to prevent apneas.

Moreover, it is also integrated with wireless connectivity and mobile app for monitoring the product usage and offers physicians and patients with an access to data through cloud-based system. Apparently, this technologically advanced product will help the company offer an enhanced solution to the consumers and strengthen its market presence.

Polysomnography (PSG) device segment had recorded a significant valuation of USD 770.1 million in 2018 owing to the rising product demand for diagnosis of sleep disorders. The segment is anticipated to witness an exponential growth over the coming years due to shifting consumer inclination towards more sophisticated, efficient and portable devices. Moreover, favorable insurance policies for the treatment of sleep apnea and other sleep disorders will further stimulate the product demand.

The U.S. sleep apnea devices industry had registered a valuation of USD 2.0 billion in 2018 considering the feasibility of efficient and high-quality sleep apnea treatment. In addition, rising prevalence of sleeping disorders along with growing number of manufacturers of sleep apnea therapeutic and diagnostic devices is likely to foster the business growth in the country.

Sleep apnea devices market in France is estimated to register a CAGR of 8.7% CAGR over the forecast period on account of rising technological developments in these devices. Increasing number of government initiatives and other private organizations for spreading awareness regarding sleeping disorders will also help push the regional industry growth.

Major players operating in sleep apnea devices market such as Cadwell Laboratories Inc., Becton Dickinson, Compumedics Limited, BMC Medical Co. Ltd., ImThera Medical Inc., Braebon Medical Corporation, Fisher & Paykel Healthcare, GE Healthcare, Itamar Medical Ltd., Philips Healthcare, Invacare Corporation, Curative Medical Inc., Natus Medical Inc., etc. are inclined on adopting several strategies such as new product launch, geographic expansion, mergers and acquisitions in order to strengthen their foothold in the market. For instance, in 2017, Philips launched "Dream Series" range aimed at treating people suffering from obstructive sleep apnea, which apparently helped the company gain a competitive edge in the market. 

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Partial Chapter of the Table of Content 

Chapter 2. Executive Summary

2.1. Sleep apnea devices industry 3600 synopsis, 2014 – 2025

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Regional trends

Chapter 3. Sleep Apnea Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025 (USD Million)

3.3. Industry impact forces

3.3.1. Growth drivers Presence of advanced healthcare infrastructure in North America Growing prevalence of sleep apnea and related co-morbidities in North America Rising demand for portable, efficient and superior sleep apnea devices Insurance coverage for treatment of sleep apnea and other sleep disorders in U.S. Growing awareness regarding sleep apnea and other sleep disorders Increasing aging population putting strain on European healthcare Product innovation strategy adopted by key industry players in Europe

3.3.2. Industry pitfalls & challenges Clinical consequences and economic impact of sleep apnea and related sleep disorders Lack of adherence to sleep apnea treatment

3.4. Growth potential analysis

3.4.1. By product

3.5. Regulatory landscape

3.5.1. U.S.

3.5.2. Europe

3.6. Reimbursement scenario

3.7. Technology landscape

3.8. Porter’s analysis

3.9. Competitive landscape, 2018

3.9.1. Strategy dashboard

3.10. PESTEL analysis




About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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