The global sleep apnea device market is expected to reach an approximate CAGR of 7.8% during the forecast period. Globally the market for sleep apnea devices is increasing rapidly due to growth in the increasing number of patients for sleep apnea on account of increasing obesity problems globally and also due to the increasing number of Obstructive Sleep Apnea (OSA) patients along with the increasing aging population. The factors that influence the growth of the sleep apnea device market are the increasing demand for devices instead of surgeries to cure sleep disorders and increasing advanced technologies in the sleep apnea device market.
However, high cost of sleep devices and availability of alternate methods for sleep apnea are restraining the growth of the global sleep apnea devices market.
Segmentation
The global sleep apnea device market is segmented on the basis of type and end-user. By type, the sleep apnea device market is segmented into therapeutic and diagnostic sleep apnea devices. Based on therapeutic device, the sleep apnea device market is further sub-segment into Continuous Positive Airway Pressure (CPAP), Positive Airway Pressure (PAP) devices, facial interfaces (mask), accessories, oral appliances, Adaptive Servo-Ventilators (ASV), and other therapeutic devices such as oxygen concentrators and airway clearance systems. The therapeutic device segment accounted for the largest share of the global sleep apnea device market in 2016. Moreover, the PAP device segment accounted for the largest growth of the therapeutic device market in 2017 owing to technological advancements that made these devices compact, comfortable, and easy to use to ensure better patient compliance. The diagnostic device segment has been further sub-segmented into Polysomnographs (PSG) and oximeter.
Key players
Some of the key players in the global sleep apnea device market are Cadwell Laboratories Inc, MedTech, Fisher & Paykel Healthcare Limited, Consumer Sleep Solution LLC, Invacare Corporation, Natus Medical Incorporated, Nihon Kohden Corporation, Philips Healthcare, Resmed Inc, Koninklijke Philips, SomnoMed, Compumedics, Lowenstein Medical, Drive Devilbiss Healthcare, BMC Medical, and Braebon Medical Corporation.
Market Segmentation and Key Market Players
Global Sleep Apnea Device Market, by Type
Global Sleep Apnea Device Market, by End-user
Global Sleep Apnea Device Market, by Region
Global Sleep Apnea Device Market, by Key Players