Sleep Apnea Devices Market

Global Sleep Apnea Devices Market by Types (Diagnostic Devices and Therapeutic Devices), Diagnostic Devices (Actigraphy Devices, Pulse Oximeters, and Polysomnography Devices (PSG)), Therapeutic Devices (Oxygen Devices, Positive Airway Pressure (PAP) Devices, Oral Appliances, Masks and Accessories, and Adaptive Servo Ventilation (ASV) Devices), End-Users (Home Care Setting, Sleep Laboratories & Hospitals, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-753
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 123
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The global sleep apnea devices market size was valued at USD 4 billion in 2020 and is projected to reach USD 11 billion by 2028, expanding at a CAGR of 10% during the forecast period, 2021–2028. The growth of the market is attributed to the sleep disorders are projected to become more common as the geriatric population grows as life expectancy increases.

Sleep apnea is a kind of sleep disorder that occurs when a person has difficulty sleeping. The brain and other parts of the body receive less oxygen as a consequence. Snoring, breathing pauses, drowsiness after a night's sleep, morning headache, and other symptoms are all classic signs of sleep apnea. Sleep apnea devices are categorized into therapeutic and diagnostic devices. Sleep apnea, if left untreated, can lead to excessive blood pressure, cardiovascular disease, obesity, and neurological problems. Obstructive apnea for sleep, central apnea for sleep, and complex apnea for sleep are the three main types of apneas for sleep.

Global Sleep Apnea Devices Market Summary

Market Trends, Drivers, Restraints, and Opportunities

  • Increase in the number of individuals suffering from sleep apnea, increased awareness of the adverse consequences of sleep apnea and a rise in the number of overweight people is anticipated to spur the market expansion during the forecast period.
  • Rising public awareness of the adverse effects of sleep apnea, as well as technical improvements in the sleep apnea device market, are major factors boosting the market expansion in the coming years.
  • Growing demand for portable, effective, and improved sleep apnea solutions is projected to push the market growth during the forecast period.
  • High cost of devices and lack of knowledge regarding obstructive sleep apnea (OSA) in emerging nations are estimated to hamper the market growth.
  • Gradual shift in consumer preference for home healthcare devices is expected to create significant opportunities for the market players.

Scope of the Report

The report on the global sleep apnea devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Global Sleep Apnea Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

By Types (Diagnostic Devices and Therapeutic Devices), Diagnostic Devices (Actigraphy Devices, Pulse Oximeters, and Polysomnography Devices (PSG)), Therapeutic Devices (Oxygen Devices, Positive Airway Pressure (PAP) Devices, Oral Appliances, Masks and Accessories, and Adaptive Servo Ventilation (ASV) Devices), and End-Users (Home Care Settings, Sleep Laboratories & Hospitals, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

BMC Medical Co., Ltd.; Compumedics Limited; Curative Medical, Inc.; Fisher & Paykel Healthcare Limited; Invacare Corporation; Itamar Medical Ltd.; Natus Medical Incorporated; Nihon Kohden Corporation; Phillips Respironics; ResMed; Somnetics International, and Inc.; SOMNOmedics GmbH

 

Global Sleep Apnea Devices Market Segment Insights

Therapeutic devices segment is projected to hold a key market share
On the basis of types, the global sleep apnea devices market is bifurcated into diagnostic devices and therapeutic devices. The therapeutic devices segment is expected to represent a key share of the market in the coming years owing to the most typical devices used to treat sleep apnea are positive airway pressure (PAP) devices. Continuous positive airway pressure (CPAP) devices are the favored option of therapy for OSA among PAP devices by healthcare practitioners globally. The remarkable effectiveness of CPAP and other PAP devices in the treatment of sleep apnea has helped in the global acceptance of therapeutic devices.

On the other hand, the diagnostic devices segment is anticipated to expand at a rapid pace during the forecast period due to the vast pool of undiagnosed patients and increasing awareness of available diagnostic and treatment options for sleep apnea among the general public, especially in emerging nations, the diagnostic device segment is expected to grow at a rapid pace.

Global Sleep Apnea Devices Market By Type

Polysomnography Devices (PSG) segment is projected to account for a large market share
Based on diagnostic devices, the market is segmented into actigraphy devices, pulse oximeters, and polysomnography devices (PSG). The polysomnography devices (PSG) segment is expected to account for a key share of the market during the forecast period due to its multi-parameter test that monitors the patient's brain waves, blood oxygen levels, heart rate, and breathing, as well as eye and leg movements during the diagnostic procedure.

Pulse oximeters segment is expected to grow at a rapid pace
In terms of therapeutic devices, the global sleep apnea devices market is segregated into oxygen devices, positive airway pressure (PAP) devices, oral appliances, masks and accessories, and adaptive servo-ventilation (ASV) devices. The pulse oximeters segment is expected to hold a key share of the market in the coming years owing to their ease it becomes almost common equipment in hospitals and healthcare organizations. Pulse oximetry is used in a variety of ways to explore and diagnose obstructive sleep apnea in both adults and children, it is used to evaluate blood hemoglobin oxygen saturation in a comparatively noninvasive manner over time.

Global Sleep Apnea Devices Market By Therapeutic Devices

Sleep Laboratories & Hospitals segment is anticipated to expand at a substantial CAGR
On the basis of end-users, the market is divided into Home Care Settings, Sleep Laboratories & Hospitals, and Others. The sleep laboratories & hospitals segment is expected to constitute a key share of the market during the forecast period due to patients' preferences for visiting hospitals and sleep laboratories for sleep apnea diagnosis. Furthermore, hospitals and sleep labs are well-equipped with all of the diagnostic equipment that may contribute to the detection of sleep disorders by measuring brain activity, eye movement, heart rate, snoring, body movements, and other factors.

North America is anticipated to dominate the market
On the basis of regions, the global sleep apnea devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market at an impressive CAGR during the forecast period. The regional market growth can be attributed to the rising prevalence of sleep apnea and the existence of appropriate reimbursement regulations that have been key factors in the region's increased adoption of sleep apnea devices. due to the region's shortened sleep duration, high healthcare costs, and rising prevalence of obstructive sleep apnea. Obstructive sleep apnea (OSA) is linked to obesity and growing older. One of the causes contributing to the increased frequency of sleep disorders in the United States is the country's aging population, which is combined with a large proportion of obese individuals.

Global Sleep Apnea Devices Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sleep Apnea Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Sleep Apnea Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Sleep Apnea Devices Market - Supply Chain
  4.5. Global Sleep Apnea Devices Market Forecast
     4.5.1. Sleep Apnea Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Sleep Apnea Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Sleep Apnea Devices Market Absolute $ Opportunity
5. Global Sleep Apnea Devices Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Sleep Apnea Devices Market Size and Volume Forecast by Types
     5.3.1. Diagnostic Devices
     5.3.2. Therapeutic Devices
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Sleep Apnea Devices Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Sleep Apnea Devices Market Size and Volume Forecast by End Users
     6.3.1. Home Care Setting
     6.3.2. Sleep Laboratories & Hospitals
     6.3.3. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Sleep Apnea Devices Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Sleep Apnea Devices Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Sleep Apnea Devices Demand Share Forecast, 2019-2026
8. North America Sleep Apnea Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Sleep Apnea Devices Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Sleep Apnea Devices Market Size and Volume Forecast by Types
     8.4.1. Diagnostic Devices
     8.4.2. Therapeutic Devices
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Sleep Apnea Devices Market Size and Volume Forecast by End Users
     8.7.1. Home Care Setting
     8.7.2. Sleep Laboratories & Hospitals
     8.7.3. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Sleep Apnea Devices Demand Share Forecast, 2019-2026
9. Latin America Sleep Apnea Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Sleep Apnea Devices Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Sleep Apnea Devices Market Size and Volume Forecast by Types
     9.4.1. Diagnostic Devices
     9.4.2. Therapeutic Devices
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Sleep Apnea Devices Market Size and Volume Forecast by End Users
     9.7.1. Home Care Setting
     9.7.2. Sleep Laboratories & Hospitals
     9.7.3. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Sleep Apnea Devices Demand Share Forecast, 2019-2026
10. Europe Sleep Apnea Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Sleep Apnea Devices Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Sleep Apnea Devices Market Size and Volume Forecast by Types
     10.4.1. Diagnostic Devices
     10.4.2. Therapeutic Devices
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Sleep Apnea Devices Market Size and Volume Forecast by End Users
     10.7.1. Home Care Setting
     10.7.2. Sleep Laboratories & Hospitals
     10.7.3. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Sleep Apnea Devices Demand Share Forecast, 2019-2026
11. Asia Pacific Sleep Apnea Devices Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Sleep Apnea Devices Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Sleep Apnea Devices Market Size and Volume Forecast by Types
     11.4.1. Diagnostic Devices
     11.4.2. Therapeutic Devices
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Sleep Apnea Devices Market Size and Volume Forecast by End Users
     11.7.1. Home Care Setting
     11.7.2. Sleep Laboratories & Hospitals
     11.7.3. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Sleep Apnea Devices Demand Share Forecast, 2019-2026
12. Middle East & Africa Sleep Apnea Devices Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Sleep Apnea Devices Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Sleep Apnea Devices Market Size and Volume Forecast by Types
     12.4.1. Diagnostic Devices
     12.4.2. Therapeutic Devices
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Sleep Apnea Devices Market Size and Volume Forecast by End Users
     12.7.1. Home Care Setting
     12.7.2. Sleep Laboratories & Hospitals
     12.7.3. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Sleep Apnea Devices Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Sleep Apnea Devices Market: Market Share Analysis
  13.2. Sleep Apnea Devices Distributors and Customers
  13.3. Sleep Apnea Devices Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. BMC Medical Co., Ltd.
     13.4.2. Compumedics Limited
     13.4.3. Curative Medical, Inc.
     13.4.4. Fisher & Paykel Healthcare Limited
     13.4.5. Invacare Corporation
     13.4.6. Itamar Medical Ltd.
     13.4.7. Natus Medical Incorporated
     13.4.8.
Segments Covered in the Report
The Global sleep apnea devices market has been segmented on the basis of

Types
  • Diagnostic Devices
  • Therapeutic Devices
Diagnostic Devices
  • Actigraphy Devices
  • Pulse Oximeters
  • Polysomnography Devices (PSG)
Therapeutic Devices
  • Oxygen Devices
  • Positive Airway Pressure (PAP) Devices
  • Oral Appliances
  • Masks and Accessories
  • Adaptive Servo Ventilation (ASV) Devices
End-Users
  • Home Care Setting
  • Sleep Laboratories & Hospitals
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • BMC Medical Co., Ltd.
  • Compumedics Limited
  • Curative Medical, Inc.
  • Fisher & Paykel Healthcare Limited
  • Invacare Corporation
  • Itamar Medical Ltd.
  • Natus Medical Incorporated
  • Nihon Kohden Corporation
  • Phillips Respironics
  • ResMed
  • Somnetics International, Inc.
  • SOMNOmedics GmbH

Key players competing in the global sleep apnea devices market are BMC Medical Co., Ltd.; Compumedics Limited; Curative Medical, Inc.; Fisher & Paykel Healthcare Limited; Invacare Corporation; Itamar Medical Ltd.; Natus Medical Incorporated; Nihon Kohden Corporation; Phillips Respironics; ResMed; Somnetics International, and Inc.; SOMNOmedics GmbH. Some of these players are adopting several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.

Global Sleep Apnea Devices Market By Key Players

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