USD 3.85 billion
Global Sleep Apnea Devices Market Size, Share, Growth Analysis, By Device Type(Therapeutic Devices, Diagnostic Devices), By End-User(Sleep Laboratories & Clinics, Homecare & Other Settings) - Industry Forecast 2022-2028
Report ID: SQSG35G2014 | Region: Global | Published Date: October, 2022 | Pages: 157 | Tables: 61 | Figures: 64
Global Sleep Apnea Devices Market Insights
The Global Sleep Apnea Devices Market was valued at USD 3.85 billion in 2021, and it is expected to reach a value of USD 5.98 billion by 2028, at a CAGR of 5.9% over the forecast period (2022 - 2028).
A sleeping disorder known as sleep apnea is characterized by an individual's irregular rhythm of breathing while they are asleep. Untreated sleep apnea causes the brain and the rest of the body to receive insufficient oxygen, which causes people to have irregular breathing while they sleep. Elderly individuals and those with illnesses including diabetes, hypertension, cardiovascular ailments, and others are more likely to have this condition. Obstructive sleep apnea (OSA) is the most common kind of sleep apnea worldwide, and its prevention requires early diagnosis and the use of treatment equipment.
Market snapshot
Global Market Size
Largest Segment
Therapeutic Devices
Fastest Growth
Therapeutic Devices
Growth Rate
5.9% CAGR
Global Sleep Apnea Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Sleep Apnea Market Size by Device Type, 2021-2028 ($ Bn)
Global Sleep Apnea Market Size by Device Type, 2021-2028 (%)
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Global Sleep Apnea Devices Market Segmental Analysis
The Global Sleep Apnea Devices Market is segmented based on the Device type, End-User, and Region. Based on the Device Type, the Market is segmented into Therapeutic Devices and Diagnostic Devices. Based on the End-User, the Market is segmented as Sleep Laboratories & Clinics and Homecare & Other Settings. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Device Type
In 2020, the market was led by the therapeutic device category. The therapeutic sector will be dominated by the rising number of diagnosed patients receiving treatment in sleep clinics, particularly in developed nations, which includes CPAP therapy. Around 95% of Americans with diagnoses receive therapy, and CPAP is the most popular form of treatment among these patients, according to KOL interviews.
Increased diagnosis rates are being seen in both developed and developing nations due to the vast undiagnosed population and increased patient awareness. This is increasing demand in these nations for diagnostic tools like polysomnography equipment.
Global Sleep Apnea Market Share By Device Type, 2021 (%)
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Global Sleep Apnea Devices Market Regional Insights
In 2020, the North American market had a value of 4.16 billion USD. The higher frequency of the illness and the advantageous reimbursement rules, which have been essential in the larger adoption of such devices in the region, are to blame for North America's supremacy. The American Academy of Sleep Medicine (AASM) estimates that in the United States, between 3.0 percent and 7.0 percent of males and 2.0 percent to 5.0 percent of women suffer from sleep apnea.
On the other hand, the market in Europe is anticipated to expand at a considerable CAGR by 2028 due to the region's high adoption of these devices, increased awareness of sleep apnea, and the growing need for diagnostic testing. Due to the rising prevalence of sleep apnea in developing nations as well as the rising demand for sleep apnea devices in Australia and Japan, the Asia Pacific market is predicted to expand more quickly. An estimated 14% of adult Indians, according to research that has been published, have sleep apnea.
Global Sleep Apnea Market By Geography, 2021 - 2028
- Largest
- Fastest
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Global Sleep Apnea Devices Market Dynamics
Driver
Growing Prevalence of Obstructive Sleep Apnea
- The prevalence of cardiovascular illnesses, irregular sleep patterns, high levels of stress, and obesity is rising as a result of people's sedentary lifestyles. According to information provided by the European Respiratory Society, between 13% and 32% of Europe's elderly population suffer from sleep apnea.
- A sizable patient pool needs to be treated or managed for the illness due to rising rates of obesity and other lifestyle problems, as well as rising sleep apnea diagnostic rates in both industrialized and developing nations. This, together with an increase in sleep clinics and sleep technologists worldwide, is promoting market expansion.
Restraint
High Cost of Devices
- Despite the disease and symptoms linked to a sedentary lifestyle becoming more prevalent internationally, several issues are limiting the market's expansion. One of them is the hefty price tag attached to the equipment. The primary options for managing OSA are the CPAP and PSG sleep apnea devices. Without health insurance, a CPAP machine in the US may be quite expensive, costing between USD 600 and USD 800. Developed nations have a developed infrastructure and compensation mechanism. Developing nations, however, have a poor mechanism for patient reimbursement and high out-of-pocket expenses. The number of patients receiving treatment in these countries is also being constrained by the low penetration of medical coverage in these nations.
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Global Sleep Apnea Devices Market Competitive Landscape
The Global Sleep Apnea Devices market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
Top Player's Company Profiles
- Koninklijke Philips N.V. (Amsterdam, Netherlands)
- Oventus, Indooroopilly (Australia)
- Cadwell Industries, Inc. (Kennewick, U.S.)
- ResMed (San Diego, U.S.)
- Fisher & Paykel Healthcare Limited (Auckland, New Zealand)
- Natus Medical Incorporated (Pleasanton, U.S.)
- SomnoMed (Sydney, Australia)
- DeVilbiss Healthcare LLC (Pennsylvania, U.S.)
- Braeburn Medical Corporation (Ontario, Canada)
Recent Developments
- In August 2021, Vivos Therapeutics, Inc. and Empower Sleep collaborated to greatly enhance the detection and treatment of obstructive sleep apnea.
- In June 2021, Oventus Medical and Aeroflow Healthcare entered into a collaboration agreement to offer Oventus' obstructive sleep apnea (OSA) treatment options, such as O2Vent Optima, directly to patients through sleep clinics in the US.
- In February 2021, Signifier Medical Technologies got USFDA clearance for their intraoral neuromuscular stimulation device for treating OSA, eXciteOSA (the first-ever daytime therapy).
- In February 2021, Oventus Medical introduced 02Vent Optima as a CPAP therapy substitute in the US through GoPAPfree. 02Vent Optima is a customized oral appliance therapy device.
Global Sleep Apnea Devices Key Market Trends
- The development of novel options for the treatment of sleep apnea has been greatly aided by the movement of patients toward technologically improved gadgets. For instance, due to patient discomfort with CPAP machines, the usage of oral devices such as the mandibular advancement device (MAD) for OSA therapy has grown.
- A portable diagnostic tool called an Actometer has become quite popular in sleep clinics since it is non-invasive and less expensive than conventional polysomnography equipment (PSG). As a result, patients are increasingly turning to oral appliances and actometers for successful management of sleep apnea due to rising non-adherence to CPAP equipment and increased demand for affordable diagnostic gadgets.
Global Sleep Apnea Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Sleep Apnea Devices Market Analysis, the vast population of undiagnosed sleep apnea patients, increased public awareness of the negative effects of untreated sleep apnea, rising oral appliance adoption, and an increase in the number of businesses entering the sleep apnea industry are the key drivers of market expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 3.85 billion |
| Market size value in 2028 | USD 5.98 billion |
| Growth Rate | 5.9% |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Sleep Apnea Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Sleep Apnea Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Sleep Apnea Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Sleep Apnea Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Sleep Apnea Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Sleep Apnea Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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