Product ID: SQSG35G2014
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 Dynamics
Sleep Apnea Devices Market 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.
Sleep Apnea Devices Market 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.
Global Sleep Apnea Devices Market Report Snapshots
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