Sleep Apnea Treatment Devices Market Future Scenario, Growth Rate, Market Segmentation, And Industrial Opportunities To 2026

Posted on Sep 19 2022 10:47 AM

"Sleep Apnea Treatment Devices Market Size, Share & Industry Analysis, By Device Type (Positive Airway Pressure (PAP) Devices, Oral Appliances, Masks & Accessories, and Others), By End User (Sleep Laboratories & Clinics, and Homecare & Other Settings) and Regional Forecast, 2019-2026"

The global sleep apnea treatment devices market size is set to touch USD 8.97 billion by 2026, exhibiting a CAGR of 8.2% during the forecast period. Steadily climbing demand for sleep apnea devices, stemming from a consistent spread in the prevalence of sleep apnea, will be a major growth driver for this market, shares Fortune Business Insights™ in its new report, titled “Sleep Apnea Treatment Devices Market Size, Share & Industry Analysis, By Device Type (Positive Airway Pressure (PAP) Devices, Oral Appliances, Masks & Accessories, and Others), By End User (Sleep Laboratories & Clinics, and Homecare & Other Settings), and Regional Forecast, 2019-2026.

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Key Players Operating in The Sleep Apnea Treatment Devices Market Include:

  • Braebon Medical Corporation
  • Glidewell
  • Oventus
  • Fisher & Paykel Healthcare Limited
  • ResMed
  • DeVilbiss Healthcare
  • BMC Medical Co., Ltd.
  • SomnoMed
  • Koninklijke Philips N.V.

Highlights of the Report:

  • In-depth analysis of various insights, namely, Sleep Apnea Treatment Devices Market trends, growth drivers, opportunities, and other related challenges.
  • Comprehensive details of key market players, their core competencies, and Sleep Apnea Treatment Devices Market share.
  • The potency of suppliers and buyers to make better business decisions.
  • Lists out the market size in terms of volume.

Market Restraint

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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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.

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Prevalence of Obstructive Sleep Apnea Disorder (OSA), By Key Region/Country, 2018
    • Reimbursement Scenario in Key Countries
    • Technological Advancements in Sleep Apnea Treatment Devices
    • Key Developments - Partnerships, Mergers and Acquisitions
  • Global Sleep Apnea Treatment Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Device Type
      • Positive Airway Pressure (PAP) Devices
      • Oral Appliances
      • Masks & Accessories
      • Others
    • Market Analysis, Insights and Forecast – By End user
      • Sleep laboratories & Clinics
      • Homecare & Other Settings
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • North America Sleep Apnea Treatment Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Device Type
      • Positive Airway Pressure (PAP) Devices
      • Oral Appliances
      • Masks & Accessories
      • Others
    • Market Analysis, Insights and Forecast – By End user
      • Sleep Laboratories & Clinics
      • Homecare & Other Settings
    • Market Analysis, Insights and Forecast – By Country
      • U.S.
      • Canada

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KEY QUESTIONS ANSWERED:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Sleep Apnea Treatment Devices Market growth?
  • What are the key technological and market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

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