Global Audio Conferencing Services Market

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 2024-2031


Report ID: SQSG35G2014 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 75

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.

 

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Sleep Apnea Devices Market size was valued at USD 7.1 billion in 2019 and is poised to grow from USD 7.59 billion in 2023 to USD 13.84 billion by 2031, growing at a CAGR of 6.9% in the forecast period (2024-2031).

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. 'Koninklijke Philips N.V. ', 'ResMed', 'Fisher & Paykel Healthcare Limited', 'Invacare Corporation', 'DeVilbiss Healthcare LLC (a subsidiary of Drive DeVilbiss Healthcare)', 'BMC Medical Co., Ltd.', 'Natus Medical Incorporated', 'Weinmann Emergency Medical Technology GmbH + Co. KG', 'SOMNOmedics GmbH', 'Compumedics Limited', 'Braebon Medical Corporation', 'APEX Medical Corporation', 'Löwenstein Medical GmbH & Co. KG', 'Circadiance LLC', 'Curative Medical Inc.', 'Panthera Dental Inc.', 'NovaSom Inc.', 'Inspire Medical Systems, Inc.', 'Advanced Brain Monitoring, Inc.', 'Itamar Medical Ltd.'

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.

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.

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.

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Global Audio Conferencing Services Market

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