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Sleep Apnea Devices Market | Acumen Research and Consulting

Sleep Apnea Devices Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Published : Mar 2023

Report ID: ARC1470

Pages : 250

Format : Sleep Apnea Devices Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Summary Table of Content Customization Download Sample Infographics

The Global Sleep Apnea Devices Market Size accounted for USD 6.4 Billion in 2022 and is projected to achieve a market size of USD 13.1 Billion by 2032 growing at a CAGR of 6.7% from 2023 to 2032.

Sleep Apnea Devices Market Key Highlights

  • Global sleep apnea device market revenue is expected to increase by USD 13.1 Billion by 2032, with a 6.7% CAGR from 2023 to 2032
  • North America region led with more than 47% of sleep apnea device market share in 2022
  • According to the World Health Organization, an estimated 100 million people suffer from sleep apnea globally
  • According to the American Sleep Apnea Association, approximately 22 million Americans have sleep apnea, and up to 80% of moderate to severe cases go undiagnosed
  • CPAP therapy is highly effective in treating sleep apnea, with an overall success rate of about 70%
  • Increasing adoption of smart textiles and wearable technology, drives the sleep apnea device market size

Global Sleep Apnea Devices Market Trends

Sleep apnea is a common sleep disorder characterized by pauses in breathing or shallow breaths during sleep. It can lead to various health problems, including high blood pressure, heart disease, stroke, and diabetes. One of the most effective treatments for sleep apnea is the use of a device called a continuous positive airway pressure (CPAP) machine. The CPAP machine delivers a constant flow of air to the person's airway, preventing it from collapsing during sleep.

The sleep apnea device market has been experiencing significant growth in recent years due to the increasing prevalence of sleep apnea and the rising awareness about the condition. The growth in the market is attributed to the increasing incidence of sleep apnea, the growing awareness about the condition, and the advancements in technology. Moreover, the demand for home sleep apnea testing (HSAT) devices is also expected to contribute to the sleep apnea device market growth. HSAT devices are portable and easy-to-use devices that allow patients to undergo sleep apnea testing in the comfort of their own homes. With the increasing trend of home healthcare and remote patient monitoring, the demand for HSAT devices is expected to rise in the coming years.

Sleep Apnea Devices Market Dynamics

Global Sleep Apnea Devices Market Trends

Market Drivers

  • Increasing prevalence of sleep apnea
  • Growing awareness about sleep apnea and its treatment options
  • Rising demand for home sleep apnea testing devices
  • Increasing adoption of portable and wearable sleep apnea devices

Market Restraints

  • High cost of sleep apnea devices
  • Limited reimbursement policies for sleep apnea treatment

Market Opportunities

  • Growing demand for customized and personalized sleep apnea devices
  • Increasing adoption of online platforms for sleep apnea diagnosis and treatment

Sleep Apnea Device Market Report Coverage

Market Sleep Apnea Devices Market
Sleep Apnea Devices Market Size 2022 USD 6.4 Billion
Sleep Apnea Devices Market Forecast 2032 USD 13.1 Billion
Sleep Apnea Devices Market CAGR During 2023 - 2032 6.7%
Sleep Apnea Devices Market Analysis Period 2020 - 2032
Sleep Apnea Devices Market Base Year 2022
Sleep Apnea Devices Market Forecast Data 2023 - 2032
Segments Covered By Product Type, By End-User, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled ResMed, Philips Healthcare, Fisher & Paykel Healthcare, DeVilbiss Healthcare, BMC Medical Co. Ltd., Weinmann Medical Technology, SomnoMed, Compumedics Limited, Natus Medical Incorporated, Braebon Medical Corporation, Curative Medical Inc., and Itamar Medical Ltd.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis
Sleep Apnea Devices Market Dynamics

The condition of either the presence of infrequent or shallow breathing or small pauses in breathing is referred to as sleep apnea. The different categories of sleep apnea include central sleep apnea, obstructive sleep apnea, and mixed sleep apnea. The rise in the relative number of sleep apnea cases is mostly attributed to conditions such as obesity, Type II diabetes, cognitive heart failure, hypertension, coronary artery disease, stroke, and atrial fibrillation. The majority of studies have demonstrated results that over 70% of cases of Type II diabetes patients suffer from sleep apnea and about 70% of the hypertensive patient also suffer from sleep apnea. This has propelled the growth of the sleep apnea devices market.

Factors attributing to the growth of the global sleep apnea devices market include increasing co-morbid condition incidence that includes type II diabetes, cardiovascular diseases, hypertension, and obesity. Also, technological advancements related to patient comfort and safety, and government initiatives targeted at cutting down the healthcare expenses associated with these diseases will lead to the further development of this market.

Sleep Apnea Devices Market Growth 2023 - 2032

Sleep Apnea Devices Market Segmentation

The global sleep apnea device market segmentation is based on product type, end-user, and geography.

Sleep Apnea Devices Market By Product Type

  • Diagnostic Devices
    • Polysomnography (PSG) device
    • Actigraphs
    • Pulse Oximeters
    • Respiratory Polygraphs
      • ENT Specialists
      • Cardiologists
      • Sleep Physicians
      • Homecare Nurses
  • Therapeutic Devices
    • Nasal Devices
    • Positive Airway Pressure (PAP) Devices
      • APAP
      • CPAP
      • Bi-PAP
    • Oral Devices
    • Chin Straps
  • Sleep Apnea Masks

In terms of product types, the therapeutic devices segment has seen significant growth in recent years. It includes devices such as continuous positive airway pressure (CPAP) machines, bilevel positive airway pressure (BiPAP) machines, adaptive servo-ventilation (ASV) machines, and oral appliances. These devices work by providing positive air pressure to keep the airway open during sleep, or by repositioning the jaw to prevent the airway from collapsing. The growth in the therapeutic devices segment can be attributed to various factors such as the increasing awareness about sleep apnea, the advancements in technology, and the rising demand for home sleep apnea testing devices. Moreover, the increasing trend of telemedicine and remote patient monitoring is also expected to contribute to the growth of the therapeutic devices segment.

Sleep Apnea Devices Market By End-User

  • Sleep Laboratories and Clinics
  • Homecare and Other Settings

According to the sleep apnea device market forecast, the sleep laboratories and clinics segment is expected to witness significant growth in the coming years. It includes diagnostic and treatment services for sleep disorders, including sleep apnea. These facilities provide a range of services, including sleep studies, polysomnography, and continuous positive airway pressure (CPAP) titration. The growth in the sleep laboratories and clinics segment can be attributed to various factors such as the increasing prevalence of sleep apnea, the rising awareness about the condition, and the advancements in technology. Moreover, the increasing trend of telemedicine and remote patient monitoring is also expected to contribute to the growth of the sleep laboratories and clinics segment. Moreover, the growth of this segment is driven by the increasing demand for effective diagnosis and treatment options for sleep apnea, as well as the growing trend of telemedicine and remote patient monitoring.

Sleep Apnea Devices Market Regional Outlook

North America
  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Sleep Apnea Devices Market Drivers

Sleep Apnea Devices Market Regional Analysis

North America is currently dominating the sleep apnea device market, accounting for a significant share of the global market. There are several reasons why North America has emerged as a dominant player in this market. North America has a high prevalence of sleep apnea, which is one of the key drivers of market growth. According to the American Sleep Apnea Association, approximately 22 million Americans suffer from sleep apnea, and an estimated 80% of moderate and severe cases are undiagnosed. This has led to a growing demand for sleep apnea diagnosis and treatment, which in turn has boosted the growth of the regional market. Moreover, the region has a well-established healthcare infrastructure and a high level of healthcare spending, which has facilitated the adoption of advanced sleep apnea devices. The presence of leading sleep apnea device manufacturers in North America has also contributed to the market growth, as these companies have been able to leverage the existing healthcare infrastructure and expertise to develop and market their products.

Sleep Apnea Devices Market Player

Some of the top sleep apnea device market companies offered in the professional report include ResMed, Philips Healthcare, Fisher & Paykel Healthcare, DeVilbiss Healthcare, BMC Medical Co. Ltd., Weinmann Medical Technology, SomnoMed, Compumedics Limited, Natus Medical Incorporated, Braebon Medical Corporation, Curative Medical Inc., and Itamar Medical Ltd.
Sleep Apnea Devices Market Regional Analysis

Frequently Asked Questions

How big is the sleep apnea devices market?

The sleep apnea devices market size was USD 6.4 Billion in 2022.

What is the CAGR of the global sleep apnea devices market from 2023 to 2032?

The CAGR of sleep apnea device is 6.7% during the analysis period of 2023 to 2032.

Which are the key players in the sleep apnea devices market?

The key players operating in the global market are including ResMed, Philips Healthcare, Fisher & Paykel Healthcare, DeVilbiss Healthcare, BMC Medical Co. Ltd., Weinmann Medical Technology, SomnoMed, Compumedics Limited, Natus Medical Incorporated, Braebon Medical Corporation, Curative Medical Inc., and Itamar Medical Ltd.

Which region dominated the global sleep apnea devices market share?

North America held the dominating position in sleep apnea devices industry during the analysis period of 2023 to 2032.

Which region registered fastest CAGR from 2023 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of sleep apnea devices during the analysis period of 2023 to 2032.

What are the current trends and dynamics in the global sleep apnea devices industry?

The current trends and dynamics in the sleep apnea device industry include increasing prevalence of sleep apnea, and growing awareness about sleep apnea and its treatment options.

Which product type held the maximum share in 2022?

The therapeutic devices product type held the maximum share of the sleep apnea device industry.

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