Sleep Apnea Devices Market Overview
The sleep apnea devices market was valued at USD 5,541.33 million in 2017, is expected to register a CAGR of about 7.50% during the forecast period, 2018-2023. An increasing incidences of sleep apnea. sleep apnea affects approximately 3-7% of men and 2-5% of women globally. The facts and statistics on sleep apnea shows that one in every five adults suffers are from the breathing disorders. The North America region is expected to provide high growth opportunities for the sleep apnea devices market. The increasing awareness among the people and the introduction of new and technologically advanced sleep apnea products are also contributing to the growth of sleep apnea market in the United States.
Increasing Incidences of Sleep Apnea Drives the Sleep Apnea Market
Sleep apnea is a potential serious sleep disorder which is characterized by repeated stop and start of breathing. According to the Sleep Apnea Organization in 2017, more than 22 million Americans are suffering from the sleep apnea and 80% of moderate to severe sleep apnea cases are undiagnosed and worldwide, over 100 million people suffer from sleep apnea. Sleep apnea affects approximately 3-7% of men and 2-5% of women, and statistics show that one in five adults suffer from this breathing disorder. Thus the increasing incidence of sleep apnea is one of the major factor for the growth of the Sleep Apnea market.
Other factors driving this market are the increasing awareness among the patient population in developing countries, favorable government initiatives and upcoming technological advancements.
Availability of Alternate Methods Acts as a Major Barrier for the Sleep Apnea Market
There are many alternatives that are present in the market to treat sleep apnea. For instance, Provent Sleep Apnea Therapy that was developed by Theravent Inc. is a tiny Band-Aids that fit over each nostril, with a valve in the middle that helps create pressure in the airway so it remains open. There are also a good number of patients using oral appliances for sleep apnea, which is also called mandibular advancing devices. These dental devices work by moving the lower jaw forward which opens the airway wider during sleep. All these alternative methods that are available in the market, thus restricting the growth of sleep apnea.
Other factors affecting the sleep apnea market are the high cost of devices.
Market Segmentation Insights for the Sleep Apnea Market
Insights in devices type, projects pulse oximeters consumes the largest share, in the market. It is a simple test that can easily be done at home since it provides elementary information in evaluating whether a person has one of the more common sleep disorders. However, the growth of this segment is because of its easy and inexpensive application and these devices are also available at online platforms.
Insights in the therapeutic devices segment, portable oxygen concentrators (POC) are highly desirable for the patients with sleep apnea. These increasing prevalence of COPD and favorable guidelines for the customers in Europe, are the factors that may help in the growth of the market.
North America is expected to have High Growth Opportunities in Sleep Apnea Devices Market
The North America holds the major market share of around 36%, globally, due to the high incidences and prevalence of Sleep-Disordered Breathing (SDB). The increase in the number of incidences and prevalence of sleep apnea are the primary factors affecting the growth of the market. There is also an increasing awareness among the people in the introduction of new and technologically advanced sleep apnea products that are contributing to the growth of sleep apnea market in the United States.
Key Developments in the Sleep Apnea Devices Market
- Mar 2018: Nihon Kohden announced the commercial launch of its NKHiQTM Wireless Patient Monitoring System.
The major companies include: Cadwell Laboratories Inc., Vyaire Medical Inc., Fisher & Paykel Healthcare Limited, GE Healthcare, among others.
Sleep Apnea Devices Market Segmentation
Country Level Data Points Coverage and Deliverables for Sleep Apnea Devices Market
Sleep Apnea Devices Market Report Summary
Sleep Apnea Devices Market
(2015 – 2023)
By Diagnostic Devices include Polysomnography Devices (PSG), Pulse Oximeters and Actigraphy Devices.
By Therapeutic Devices include Positive Airway Pressure (PAP) Devices, Oxygen Devices, Oral Appliances and Adaptive Servo Ventilation (ASV) Devices
North America (US, Canada, Mexico), Europe (UK, Germany, France, Italy Spain, Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia Pacific), Middle East & Africa (GCC, South Africa and Rest of MEA) and South America (Brazil, Argentina and Rest of South America)
May 2017: Fisher & Paykel healthcare has launched the new CPAP device called F&P SleepStyle™.
Cadwell Laboratories Inc., Vyaire Medical Inc., Fisher & Paykel Healthcare Limited, GE Healthcare, Invacare Corporation, Natus Medical Incorporated, Nihon Kohden Corporation, Philips Healthcare, Resmed, Teleflex Incorporated, amongst others.
Sleep Apnea Devices Market offers latest trends, growth prospects, industry competitiveness, major players, regional share of market and forecast to 2023.
Reasons to Purchase the Sleep Apnea Devices Market Report
- Current and future of sleep apnea devices market outlook in the developed and emerging markets
- Analysis of various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the market estimate sheet (in Excel)
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1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Sleep Apnea Devices Market Overview
5.1 Current Market Scenario
5.2 Porters Five Forces
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Sleep Apnea Devices Market Drivers
6.1.1 Increasing Incidences of Sleep Apnea
6.1.2 Increasing Awareness among the Patient Population in Developing Countries
6.1.3 Favorable Government Initiatives
6.1.4 Upcoming Technological Advancements
6.2 Sleep Apnea Devices Market Restraints
6.2.1 High Cost of devices
6.2.2 Availability of Alternate Methods
6.3 Sleep Apnea Devices Market Opportunities
6.4 Sleep Apnea Devices Market Key Challenges
7. Market Segmentation
7.1 Sleep Apnea Devices Market By Diagnostic Devices
7.1.1 Polysomnography Devices (PSG)
7.1.2 Pulse Oximeters
7.1.3 Actigraphy Devices
7.2 Sleep Apnea Devices Market By Therapeutic Devices
7.2.1 Positive Airway Pressure (PAP) Devices
22.214.171.124 Continuous Positive Airway Pressure (CPAP) Devices
126.96.36.199 Bi-level Positive Airway Pressure (BiPAP) Devices
188.8.131.52 Auto Positive Airway Pressure (APAP)
7.2.2 Adaptive Servo Ventilation (ASV) Devices
7.2.3 Oxygen Devices
184.108.40.206 Oxygen Concentrators
220.127.116.11 Portable Oxygen Concentrators
18.104.22.168 Liquid Portable Oxygen
7.2.4 Oral Appliances
7.2.4 Masks & Accessories
7.3 Sleep Apnea Devices Market By Geography
7.3.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 New Zealand
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
7.3.4 Middle East & Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
7.3.5 South America
188.8.131.52 Rest of South America
8. Sleep Apnea Devices Market Competitive Landscape
8.1 Mergers and Acquisition Analysis
8.2 Agreements, Collaborations and Partnerships
8.3 New Product Launches
9. Sleep Apnea Devices Market Key Players
9.1 Cadwell Laboratories Inc.
9.3 Fisher & Paykel Healthcare Limited
9.5 Invacare Corporation
9.6 Natus Medical Incorporated
9.7 Nihon Kohden Corporation
9.9 Philips Healthcare
10. Future of the Sleep Apnea Devices Market