The
global industry report "Sleep Apnea Devices Market Size By Therapeutics [Airway Clearance System, Adaptive
Servo-Ventilation, Positive Airway Pressure (PAP), Oral Appliance, Oxygen
Device], By Diagnostics [Actigraphy System, Polysomnography Device (PSG),
Respiratory Polygraph, Single-Channel Screening Device (Pulse Oximeter)]
Industry Analysis Report, Regional Outlook (U.S., Mexico, UK, Germany, Japan,
China, India, Brazil), Application Potential, Price Trends, Competitive Market
Share & Forecast, 2016 – 2023" by Global Market
Insights, Inc. says Sleep
Apnea Devices Market size is estimated to register an annual growth rate of 7%
over the period of 2016-2023.
Ongoing medical advancements and increasing awareness
regarding the severity of sleep apnea is expected to be the vital factor
driving sleep apnea devices market. Increasing lifestyle induced diseases such
as obesity and cardiovascular are giving rise to growing prevalence of sleep
apnea. A study suggests that over 50% of the global adult population habitually
snore, which leads to growth in the rate of obstructive sleep apnea (OSA). As
per American Sleep Association, more than 25 million adults in US are diagnosed
with OSA. This data proves that there is a massive rise in the incidence of
sleep and respiratory disorders, which will lead to significant usage of these
devices. Moreover, favorable reimbursement schemes and awareness regarding
adoption of these devices is likely to accelerate sleep apnea devices industry
trends.
Sleep apnea devices market is at a developing stage and
will see a profitable future with rapidly growing attention towards sleep
related disorders. The sleep apnea devices market can be bifurcated into airway
clearance system, positive airway pressure, oral appliances, adaptive
servo-ventilation, and oxygen device in terms of products. The oral appliances
segment is estimated to surpass USD 1 billion by 2023. The flexibility in usage
of this device and its generous recommendation to large patient pool is
generating lucrative growth prospects in sleep apnea devices market. Moreover,
with rising demand for easy-to-use miniature products, positive airway pressure
(PAP) devices have witnessed a remarkable surge. This product segment is
foreseen to attain a Y-O-Y growth of 10.4%, hitting the track record of being
the highest revenue generating therapeutic device in 2015.
A large pool of untapped opportunities in the emerging
nations will provide sleep apnea devices industry with rewarding grounds over
the years to come. Along with this, attention towards serious implication of
this disorder on human health and promising reimbursement scenario will fuel
the market growth.
Considering the regional outlook, below are the key
highlights of sleep apnea devices market dynamics over 2016-2023.
Browse
key industry insights spread across 105 pages with 38 market data tables &
6 figures & charts from this 2017 report Sleep Apnea Devices Market in detail along with the table of
contents at:
China sleep apnea devices market is expected to register to
a CAGR of 11% from 2016-2023. Increasing incidence of OSA coupled with the
rising geriatric population will ignite the regional growth.
Japan market, contributing more than 44% of the total
regional revenue in 2015, is projected to witness heavy gains in the coming six
years. Rising healthcare expenditure and the presence of the huge patient pool
is likely to drive the demand for sleep apnea industry.
U.S. sleep apnea devices industry is projected to register
a CAGR of 7.5% over the span of 2016-2023. The regional growth can be
attributed to favorable Medicare policies and deployment of advanced products
in the region.
UK sleep apnea devices industry is set to grow at a CAGR of
7% over 2016-2023. Favorable government initiatives in this regard will surge
the industry growth.
Brazil and Germany sleep apnea industry is also anticipated
to witness a momentous growth, owing to rising patien awareness levels.
Market players will focus more on product innovation and
invest heavily in research to come up with novel products. Prominent companies
operating in sleep apnea devices market include ResMed, Carefusion, Cadwell
Laboratories, Philips Respironics, Braebon Medical, and Compumedics.
Browse
Related Reports:
Therapeutic
Respiratory Devices Market Size By Product (Nebulizers, Humidifiers, Oxygen
Concentrators, Ventilators, Gas Analyzers, Capnographs), By Technology
(Electrostatic Filtration, HEPA, Hollow Fiber Filtration, Microsphere
Separation), By Filters (Nebulizer, Humidifier, Positive Airway Pressure
Device, Oxygen Concentrator, Ventilator Filters), Industry Analysis Report,
Regional Outlook (U.S., Canada, Germany, Switzerland, France, Italy, Spain,
China, India, Japan, Brazil, Mexico, South Africa), Application Potential,
Price Trends, Competitive Market Share & Forecast, 2016 – 2024
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