October 22, 2021
Sleep Apnea Devices

Sleep Apnea Devices Market Value to Exceed $ 10.1 Billion by 2027

The global sleep apnea devices market value is expected to reach US$ 10.1 Billion by the end of 2027, decelerating at a CAGR of 7.1% from 2020 to 2027. The report contains 150+ pages with detailed analysis. The study provides the overall revenue of the global sleep apnea devices market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global sleep apnea devices market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the sleep apnea devices industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Sleep apnea is a severe sleep condition that happens when a patient’s breathing is disturbed during sleep. Persons having sleep apnea disorder stop breathing frequently while sleeping, that leads to insufficient oxygen supply to the brain and the rest of the body which might lead to critical problems. At present, abundant sleeping gadgets and a new-fangled raft of technology is assisting people with sleep apnea condition. Several features are available with these devices that range from color altering light bulbs that sync with innerbody clocks to the gadgets that recite brain waves. One of the first technological breathing medical devices was continuous positive air pressure machine that is frequently suggested in the treatment of sleep apnea condition. This device comprises of a nose piece or mask that is attached to a hose and a machine to transport table air pressure. These machines are employed with a diversity of breathing masks and are the most extensively used treatment for severe and moderate sleep apnea.

Popularity of oral appliances for treating condition of sleep apnea is expected to elevate on account of rising consciousness amid consumers. At present, oral appliances are an active first line treatment for several sleep apnea victims. Oral appliance therapy is an operative and non-invasive cure that adjusts effortlessly in the patient’s daily routine. Currently, there are more than 100 diverse and FDA approved oral appliances are available in the market for curing the obstructive sleep apnea (OSA) and snoring problems.

Report Highlights

  • Currently, innovative smart breathing technologies are approaching the marketplace with features comprising personal reports and physical interventions for sleep apnea patients.
  • Asia Pacific is assessed to exhibit highest CAGR during estimate period on account of expanding pervasiveness of aged population undergoing through sleeping disorders and founding of sleep laboratory services for sleep apnea patient testing.
  • North America region accounted largest revenue share in the global sleep apnea devices market and is projected to endure its strong hold in near future.
  • Global sleep apnea devices market is greatly competitive and comprises of numerous giant companies across the globe with extensive range of innovative sleep apnea device offerings.
  • Therapeutic devices led the market in 2019 with majority of the revenue share.

Growth Factors

One of the crucial reasons subsidizing the sleep apnea device market growth is the accumulative incidence of obstructive sleep apnea across the world. Furthermore, swelling consciousness for the target condition, snowballing patient adherence for positive airway pressure machines, and initial disease diagnosis are spurring the demand for sleep apnea devices. Snowballing medical coverage for sleep apnea devices is also estimated to considerably push market revenue during next few years. Product revolution strategy in the sleep apnea devices market by foremost market contributors will suggestively lift the sleep apnea devices business progress in the near future. Furthermore, snowballing responsiveness amongst the people regarding the ill effects of sleep apnea disorder has elevated the demand for different types of sleep apnea devices in various regions of the world.

Regional Snapshots

Globally, North America masters the total sleep apnea devices market and is estimated to endure its dominance throughout estimate period. This enormous growth is attributed to the existence of market giants in the U.S., high prevalence of sleep-disordered breathing and accumulative aged population in this region. On the other hand, the Asia Pacific region is predicted to record fastest growth rate on account of augmented prevalence of geriatric people undergoing from sleep illnesses and growing sleep laboratory facilities for testing of sleep apnea patients. Further, intensifying pervasiveness of obstructive sleep apnea is estimated to lift the growth of the market over the assessment period.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global sleep apnea devices market are as follows:

GE Healthcare
BMC Medical
Philips Healthcare
Weinmann Medical Devices
CadwellLaboratorie
Compumedics
Curative Medical
Teleflex
CareFusion Corporation
Fisher &Paykel Healthcare
ResMed
SOMNOmedics
Invacare Corporation
Natus Medical

Product Innovation

Prominent electronic giant, Philips has launched clinically-validated snoring relief band named Smart Sleep. This wearable is intended to diminish snoring by strapping the soft band underneath the chest. The attached discreet sensor observes the patient and vibrates if need in order to guarantee that patient endure on their side which is the ultimate position to avert snoring deprived of waking them back to total awareness.

Australian medtech firm Oventus made oral device named O2Vent Optima that aid victims with sleep apnea. It is explicitly made for patients those take breathe via their mouth because of nasal obstructions.

GO2SLEEP smart ring incorporates artificial intelligence and is also popular for being world’s smallest sleep detection ring. This digital smart ring aids to apprehend sleep sicknesses like insomnia and sleep apnea by categorizing their severity and then provides a recommendation of the finest treatment choices.

Market Segmentation

By Product Type

  • Diagnostic Devices
    • Respiratory Polygraphs
    • Actigraphs
    • Polysomnography (PSG) Device
    • Pulse Oximeters
  • Therapeutic Devices
    • Nasal Devices
    • Positive Airway Pressure (PAP) Devices
    • Oral Devices
    • Chin Straps

By End-User

  • Home Care Setting
  • Sleep Laboratories & Hospitals
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global sleep apnea devices market. It examines trends and factors influencing demand for sleep apnea devices globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for sleep apnea devices across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on sleep apnea devices. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global sleep apnea devices market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for sleep apnea devices are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Sleep Apnea Devices Market, By Product

7.1. Sleep Apnea Devices Market, by Product Type, 2020-2027
7.1.1. Diagnostic Devices (Respiratory Polygraphs, Actigraphs, Polysomnography (PSG) Device, Pulse Oximeters)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Therapeutic Devices (Nasal Devices, Positive Airway Pressure (PAP) Devices, Oral Devices, Chin Straps)
7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Sleep Apnea Devices Market, By End-User

8.1. Sleep Apnea Devices Market, by End-User, 2020-2027
8.1.1. Home Care Setting
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Sleep Laboratories & Hospitals
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Sleep Apnea Devices Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by End-User (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by End-User (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by End-User (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by End-User (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by End-User (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by End-User (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by End-User (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by End-User (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by End-User (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by End-User (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by End-User (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by End-User (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by End-User (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by End-User (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by End-User (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by End-User (2016-2027)

Chapter 10. Company Profiles

10.1. GE Healthcare
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. BMC Medical
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Philips Healthcare
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Weinmann Medical Devices
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. CadwellLaboratorie
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Compumedics
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Curative Medical
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Teleflex
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. CareFusion Corporation
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Fisher &Paykel Healthcare
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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