Sleep Apnea Devices Market Size, Share & Industry Growth 2027
The global Sleep Apnea Devices market gathered revenue around USD 6.9 Billion in 2020 and market is set to grow USD 12.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 7.4% during the prediction period 2021 to 2027.
Growth Factors:
The market Sleep apnea, or sleep-disordered breathing (SDB), is an acute medical condition in which oxygen supply to the brain is obstructed during sleep. It is caused by blockages in the airway resulting in irregular breathing patterns and loud snoring, with the individual often gasping for breath. Sleep apnea diagnostic and therapeutic devices, such as Continuous Positive Airway Pressure (CPAP), Bilevel Positive Airway Pressure (BiPAP) and Variable Positive Airway Pressure (VPAP) machines, are used to evaluate the patient's respiratory and other bodily functions during sleep. Apart from this, numerous oral devices, including the Mandibular Advancement Device (MAD) and tongue retaining device, are also utilized to treat mild to moderate cases of sleep apnea.
The increasing prevalence of obstructive sleep apnea disorder (OSA), central sleep apnea and complex sleep apnea syndrome, are among the key factors driving the growth of the market. Such disorders are highly prevalent among the geriatric population and individuals suffering from other ailments, such as diabetes, hypertension and cardiovascular diseases (CVDs), which is facilitating product adoption across both the developed and emerging nations.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Sleep Apnea Devices market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Sleep Apnea Devices market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 12.1 Billion by 2027 |
| Growth Rate | CAGR of 7.4% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Type, End User and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | esMed; Phillips Respironics; Fisher & Paykel Healthcare Limited; Curative Medical, Inc.; Invacare Corporation; Somnetics International, Inc.; BMC Medical Co., Ltd.; Natus Medical Incorporated; SOMNOmedics GmbH; Compumedics Limited; Itamar Medical Ltd.; Nihon Kohden Corporation. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Sleep Apnea Devices market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional analysis:
In 2020, North America dominated the sleep apnea devices market and accounted for the highest revenue share of 50.0%. The rising prevalence of respiratory disorders is leading to some or other form of sleeping disorder, which is driving the market. In addition, growing awareness about sleep apnea, a large patient pool, and the presence of international manufacturers are factors anticipated to strengthen the market share of this region. For instance, key players such as ResMed, Philips Respironics, and Somnetics International, Inc. have established a strong presence in the region and have also established strong distribution channels for easy supply of their products. Moreover, the number of therapeutic tests conducted in the region for confirming the presence of sleep apnea is rapidly rising, as many people are concerned about the health risks arising out of this condition.
However, in Asia Pacific, the market is anticipated to witness a significant growth rate during the forecast period. The rising geriatric population and increasing prevalence of lifestyle diseases are among the key factors driving the Asia Pacific market. For instance, according to the WHO, chronic respiratory diseases, diabetes, cardiovascular diseases, and cancer are some of the major conditions leading to the highest deaths in the region.
In addition, as per the IDF Diabetes Atlas 9th Edition, around 87.6 million people in the age group of 20 to 79 years suffer from diabetes in the South East Asia region. Such a rising prevalence of chronic conditions is expected to increase the adoption of sleep apnea devices in the region.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Sleep Apnea Devices Market include: ResMed; Phillips Respironics; Fisher & Paykel Healthcare Limited; Curative Medical, Inc.; Invacare Corporation; Somnetics International, Inc.; BMC Medical Co., Ltd.; Natus Medical Incorporated; SOMNOmedics GmbH; Compumedics Limited; Itamar Medical Ltd.; Nihon Kohden Corporation.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By Type
By End User
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Sleep Apnea Devices market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Sleep Apnea Devices market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Sleep Apnea Devices markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Sleep Apnea Devices market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
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Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers