Sleep Apnea Treatment Devices Market Global Analysis, Opportunities, Forecast To 2026
The global sleep apnea treatment devices market size was USD 4.82 billion in 2018 and is projected to reach USD 8.97 billion by 2026, exhibiting a CAGR of 8.2% during the forecast period.
The Sleep Apnea Treatment Devices Market research report for 2023–2030 highlights the important market trends in the industry. In addition to looking at entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis, this market analysis also looks at market size, market share, growth rate, future trends, market drivers, opportunities, challenges, and risks. The research shows changes in CAGR figures over the market’s projection period. The leading brands or companies are generally accountable for the modifications in the market landscape through their innovations, product launches, joint ventures, mergers, and acquisitions, which modify the perception of the industry’s global face.
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This Sleep Apnea Treatment Devices Market Report provides its clients with authentic data that aids in making important decisions by providing a market outlook. This report also keeps track of all recent market advancements and innovations. It provides information on the challenges faced when starting a business and offers advice on how to deal with impending difficulties.
Major Market Players Profiled in the Report include:
- ResMed
- Koninklijke Philips N.V.
- Fisher & Paykel Healthcare Limited.
- SomnoMed
- Oventus
- BMC Medical Co., Ltd.
- Glidewell
- DeVilbiss Healthcare
- Braebon Medical Corporation
- Other Players
Market Drivers:
Discomfort Caused by CPAP Masks to Stall Market Growth
Continuous Positive Airway Pressure (CPAP) is a highly recommended therapy for sleep apnea patients. It involves a machine that uses mild air pressure to keep airways open, helping an apneic person get sound sleep. However, despite its popularity, CPAP entails certain disadvantages that are likely to negatively affect the sleep apnea treatment devices market growth. For example, CPAP machines are infamous for causing discomfort as patients find it difficult to sleep in specific positions so as to not to displace the mask on their face. Moreover, the mask can also lead to a runny nose or cause nasal congestion. The biggest hindrance for this market, however, is the high cost associated with CPAP devices, especially in emerging economies. The challenge is humungous as insurance coverage in these countries is poor and limited and reimbursement policies are unfavorable for patients, hampering the adoption of this treatment method.
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By Device Type
Positive Airway Pressure (PAP) Devices
Oral Appliances
Masks & Accessories
Others
By End User
Sleep Laboratories & Clinics
Homecare & Other Settings
Regional Analysis:
Availability of Advanced Treatment Options to Propel the Market in North America
With a market size of USD 2.35 billion in 2018, North America is poised to dominate the sleep apnea treatment devices market share during the forecast period. The key factors augmenting this regional market include wide availability and high adoption of advanced products, along with growing prevalence of sleep disorders among the populace. In addition to this, supportive health insurance and reimbursement policies are further fueling the uptake of these devices in the region.
In Asia-Pacific, the major driving force for the market is the rising demand for sleep apnea therapies in Japan and the presence of a large, underpenetrated market in the rest of the region. These factors are expected to aid Asia-Pacific to register a considerable CAGR in the upcoming years.
This Report Aims To Provide:
An analysis, both qualitative and quantitative, of the dynamics, trends, and projections for the years 2023 to 2030.
The use of analysis tools like SWOT analysis and Porter’s five force analysis helps to explain how capable buyers and suppliers are of making decisions that will strengthen their companies bottom lines.
The current market opportunities are identified through a thorough analysis of market segmentation.
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Questions Answered in the Sleep Apnea Treatment Devices Market Research Report
- Which are the leading players active in the Sleep Apnea Treatment Devices Market size?
- What are the detailed impacts of COVID-19 on the market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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