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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Sleep Apnea Devices Market Outlook
The global sleep apnea device market size attained a value of USD 10.22 billion in 2023. The market is anticipated to grow at a CAGR of 6.5% during the forecast period of 2024-2032 to reach a value of USD 18.02 billion by 2032.
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Properties and Applications
Sleep apnea refers to a serious sleep disturbance in which respiration ceases and starts again and again. There are several treatment options for recovering from sleep apnea. The examples include wearing an oral brace, sleep apnea surgery, weight management, posture therapy, and behaviour therapy. Therefore, Hypoglossus nerve stimulation, expiratory airway pressure, positive airway pressure therapy and oral pressure therapy are some of the most common therapies for sleep apnea.
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The diagnostic devices for sleep apnea can be divided into:
- Polysomnography Devices (PSG)
- Pulse Oximeters
- Actigraphy Devices
The therapeutic devices available in the industry can be divided into the following:
- Oxygen Devices
- Oral Appliances Therapeutic Devices
- Adaptive Servo Ventilation (ASV) Devices
- Masks and Accessories
Oxygen devices are further segmented into:
- Oxygen Concentrators
- Portable Oxygen Concentrators
- Liquid Portable Oxygen
The EMR report looks into the regional markets of sleep apnea devices like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The increased geriatric population is projected to contribute to the development of obstructive sleep apnea (OSA) as a consequence of rising life expectancy. Higher prevalence of OSA in the geriatric population due to apnea-related comorbidities is anticipated to stimulate the growth of the sleep apnea devices market. Improved awareness, identification of illnesses, patient adherence, and healthcare costs are also expected to accelerate the market growth.
The prevalence of sleep apnea rises with an increased risk of other conditions such as high blood pressure, cardiac disease, diabetes as well as mental disorders, like depression and fear. Awareness of the long-term effects of sleep apnea is expected to fuel the revenue growth of the market over the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global sleep apnea devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Fisher & Paykel Healthcare Limited
- Invacare Corporation
- Natus Medical Incorporated
- Cadwell Industries Inc.
- Vyaire Medical Inc.
- Nihon Kohden Corporation
- Koninklijke Philips N.V.
- ResMed Corp.
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Diagnosis Method |
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| Breakup by Therapeutic Devices |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The sleep apnea market was valued at USD 10.22 billion in 2023.
The market is expected to grow at a CAGR of 6.5% from 2024 to 2032 to reach USD a value of USD 18.02 billion by 2032.
The major drivers of the market include the identification of illnesses, patient adherence, improving healthcare costs, awareness of the long-term effects of sleep apnea, growing usage of oral appliances, increasing number of companies venturing into the sleep apnea market, and large pool of undiagnosed sleep apnea patients.
The increased geriatric population and improved awareness are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The diagnostic devices for sleep apnea are polysomnography devices (PSG), pulse oximeters, and actigraphy devices.
The therapeutic devices available in the industry can be divided into oxygen devices, oral appliances therapeutic devices, adaptive servo ventilation (ASV) devices, and masks and accessories. Oxygen devices are further divided into oxygen concentrators, portable oxygen concentrators and liquid portable oxygen.
The major players in the industry are Fisher & Paykel Healthcare Limited, Koninklijke Philips NV, Invacare Corporation, Natus Medical Incorporated, Resmed, Cadwell Industries Inc., Vyaire Medical, Inc., General Electric Company, and Nihon Kohden Corporation, among others.
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