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Pulished Date February, 2020
ID: 4965
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Global Sleep Apnea Devices Market Size, Share, Trends, COVID-19 impact, Growth Analysis Report - Segmented By Diagnostic Devices, Therapeutic Devices and End-User (Home Care Setting, Sleep Laboratories & Hospitals) and Region - Industry Forecast | 2020 to 2025

Pulished: February, 2020
ID: 4965
Pages: 145

Sleep Apnea Devices Market Size (2020 to 2025)

As per our research report, the size of the global sleep apnea devices market was worth USD 8.02 billion in 2019. This value is forecasted to grow at a CAGR of 7.8% and reach USD 11.68 billion by 2024.

MARKET DRIVERS:

The growing prevalence of sleep apnea and technological advancements helps the global sleep apnea devices market to climb new growth heights.

Growing awareness regarding hypertension and other prevalent chronic diseases, rapid advancements in technology, resulting in enhanced development, are the significant factors driving the market growth. As per Sleep Review, in 2018, over 1 billion population worldwide suffered from sleep apnea. Improved treatment techniques, high stress, long working hours, and increasing cases of depression and obesity are some of the other key factors contributing to the growth of the sleep apnea devices market. According to the National Healthy Sleep Awareness Project, around 25 million U.S. adults were affected by sleeping disorders. According to the America sleep apnea organization, about 22 million Americans suffer from sleep apnea, and almost 80% of the cases are from average and high sleep apnea that are undiagnosed.

Owing to technological enhancements, innovative products that can acquire and analyze the signal and smartphones with in-built sensors are flowing into the market. These devices help monitor sleep at home with improved comfort and diagnose various sleeping disorders like obstructive sleep apnea. Also, the self-management platforms, mobile applications, regular assessments of patients with mHealth, and telemedicine are likely to offer lucrative opportunities during the forecast period.

Furthermore, improved care and support to patients with telemedicine help patients are leaning towards convenient and productive interactions with a sleep doctor, which is expected to boost the sleep apnea devices market.

Additionally, the factors like initiatives by governments and private organizations in R & D to develop innovative products, increasing adoptions of therapeutic devices are fuelling the demand for the sleep apnea devices market. The implementation of comorbidities to prevent obstructive sleeping apnea in geriatric patients, patient adherence, and increasing healthcare expenditure are also helping the market see further growth.

MARKET RESTRAINTS:

The expensive treatment procedures and significant discomfort are inhibiting the growth of this sleep apnea device market. Also, side effects associated with sleep apnea devices like related heart diseases, diabetes, and mental disorders are factors that hamper the sleep apnea devices market growth.

While sleeping, these devices may cause inconvenience the users, which may hinder the market growth to some extent. People from low and middle economic countries have less or no knowledge about sleep apnea devices, which is one more factor restraining market growth.

COVID-19 Impact on the global sleep apnea devices market:

Since the start of the COVID 19 pandemic, there are unprecedented changes in healthcare services. It is known from the studies that the people diagnosed with sleeping disorders are more subjected to face worse symptoms from the COVID 19. During this outbreak, telemedicine has played a major role in treating patients suffering from sleeping disorders. The health care providers kept the complete focus on providing quality services for the patients amid COVID 19. many government organizations have launched novel therapies online. However, in the last few months of 2020, the government's unlock guidelines in every country have set a new value to the market shares. All the activities were resumed by taking preventive measures, which propelled the market's demand in the COVID 19 outbreak.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

Segments Covered

By Product, Diagnostic Devices, End-User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Challenges, Opportunities, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

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

 

This research report on the global sleep apnea devices market has been segmented and sub-segmented based on product type, diagnostic devices, end-users, and region.

Sleep Apnea Devices Market - By Product:

  • Positive Airway Pressure (PAP) Devices
    • CPAP Devices
    • APAP Devices
    • BPAP Devices
  • Facial Interfaces             
    • Masks
      • Nasal Masks
      • Nasal Pillow Masks
      • Full-Face Masks
  • Adaptive Servo-Ventilation Instruments (ASV)  
  • Airway Clearance Systems        
  • Oxygen Concentrators
    • Stationary Concentrators        
    • Portable Concentrators            
  • Accessories     
    • Pillows            
    • Chin Restraints            
    • Mask Cleaning Wipes
    • Other Accessories       
  • Oral Appliances
    • Mandibular Advancement Devices      
    • Tongue Retaining Devices   

Based on the Product type, the Positive Airway Pressure (PAP) Devices segment is estimated to grow at a CAGR of 10.2% during the forecast period. The increasing prevalence of quality treatment procedures is leveling up the growth rate of the market. Moreover, supportable insurance coverage for treating sleep apnea and other disorders boosts the market growth. The American Sleep Apnea Association (ASAA) delivered more than 5,000 Continuous Positive Airway Pressure (CPAP) device packages to the past through its CPAP Assistance Program (CAP) in July 2017.

Sleep Apnea Devices Market - By Diagnostic Devices

  • Polysomnography Devices        
    • Ambulatory PSG Devices         
    • Clinical PSG Devices   
  • Respiratory Polygraphs
  • Oximeters
    • Single-Channel Screening Devices (Pulse Oximeters)     
    • Fingertip Pulse Oximeters       
    • Handheld Pulse Oximeters      
    • Wrist-Worn Pulse Oximeters  
    • Tabletop Pulse Oximeters       
  • Actigraphy Systems 

Based on diagnostic devices, the Polysomnography Devices segment is estimated to be the top-performing segment during the forecast period. The polysomnography test is the most widely used test for diagnosing obstructive sleep apnea, and the respiratory polygraphs help in the diagnosis of sleep apnea in home environments. This respiratory polygraph is considered a substitute for polysomnography. Therefore, their affordability is increasing their adoption among patients. The increasing number of patients diagnosed with respiratory disease is one of the factors that drive segment growth over the forecast period.

Sleep Apnea Devices Market - By End-User

  • Home Care Setting
  • Sleep Laboratories
  • Hospitals

Based on end-user, the Homecare settings accounted for the largest market share and remained so until 2025.

Sleep Apnea Devices Market – By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

North America dominated the global sleep apnea device market with a market share of 51.5% in 2019. Sleep apnea, large patient pools, and increased awareness of international manufacturers' existence to strengthen market share in the region. Also, the number of treatment tests conducted in the area to confirm sleep apnea is increasing rapidly. Many people are more concerned about the health risks that result from this condition, so the prediction period is driving market growth across the globe.

In 2019, the U.K. market accounted for 14.7% as more companies manufacture sleep apnea devices count is high in this country. Increasing demand for sleep apnea diagnostics and treatment devices from the population will also add to the growth of the U.K. market over the next few years.

Meanwhile, the Asia Pacific market is projected to grow at the fastest rate during the forecast period. A sizeable undiagnosed patient pool and increased healthcare infrastructure investment are to boost the market growth. Our competitors are also focusing on building strategies to deploy affordable devices for price-sensitive customers in the Asia Pacific region, which further supports growth in the area. The establishment of sleep laboratories to test sleep apnea patients in countries such as the Philippines, Singapore, and Malaysia, where awareness of OSA is growing, could drive market growth in the region. The Indian market records a favorable CAGR growth of 11.3% over the forecast period due to increased sleep apnea and other sleep disorders. Increasing disposable income in emerging markets such as India and China will continue to impact business growth. Besides, rising obesity rates through the acceptance of high levels of sedentary lifestyles is another crucial factor affecting the prevalence of sleep disorders and growing product demand.

KEY MARKET PARTICIAPANTS:

Companies leading the global sleep apnea devices market are ResMed, Inc. (U.S.), Philips Healthcare (Netherlands), Fisher & Paykel Healthcare Ltd. (New Zealand), SomnoMed Ltd. (Australia), Compumedics Limited (Australia), Weinmann Medical Devices GmbH (Germany) and Whole You, Inc. (U.S.).

MAJOR HAPPENINGS IN THIS MARKET IN THE RECENT PAST:

  • In October 2019, ResMed Company released a new device known as AirFit N30 for treating sleep apnea. AirFit N30 is the very lightest CPAP mask. It also features elastic headgear and a cradle cushion under the nasal bridge for a comfortable experience; irrespective of how the wearer moves or sleep, the seal is secured due to the mask's innovative design's curved cushion.
  • In September 2016, Respicardia, Inc., a medical technology company, received U.S. FDA approval for their Remede system. It is for the treatment of moderate to severe central sleep apnea. With this product approval, the company's market presence in the United States has seen significant growth, and its revenue generation flow has also rushed high. 
  • In October 2015, Koninklijke Philips Company released a sleep apnea solution that contains a DreamMapper patient engagement app, DreamWear mask, and Dreamstation PAP device into the market.
  1. Introduction         
    1. Market Definition               
    2. Study Deliverables             
    3. Base Currency, Base Year and Forecast Periods   
    4. General Study Assumptions            
  2. Research Methodology 
    1. Introduction      
    2. Research Phases
      1. Secondary Research      
      2. Primary Research             
      3. Econometric Modelling 
      4. Expert Validation              
    3. Analysis Design 
    4. Study Timeline  
  3. Overview              
    1. Executive Summary           
    2. Key Inferences  
    3. Epidemology     
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)             
    1. Market Drivers  
    2. Market Restraints              
    3. Key Challenges  
    4. Current Opportunities in the Market          
  5. Market Segmentation    
    1. Product
      1. Positive Airway Pressure (PAP) Devices
        1. CPAP Devices 
        2. APAP Devices 
        3. BPAP Devices 
      2. Facial Interfaces              
        1. Masks
          1. Nasal Masks
          2. Nasal Pillow Masks
          3. Full-Face Masks
      3. Adaptive Servo-Ventilation Instruments (ASV)   
      4. Airway Clearance Systems         
      5. Oxygen Concentrators 
        1. Stationary Concentrators         
        2. Portable Concentrators             
      6. Accessories      
        1. Pillows             
        2. Chin Restraints             
        3. Mask Cleaning Wipes 
        4. Other Accessories        
      7. Oral Appliances
        1. Mandibular Advancement Devices       
        2. Tongue Retaining Devices        

 

      1. Sleep Apnea Diagnostic Devices Market 
        1. Polysomnography Devices         
          1. Ambulatory PSG Devices          
          2. Clinical PSG Devices    
        2. Respiratory Polygraphs
        3. Single-Channel Screening Devices (Pulse Oximeters)      
          1. Fingertip Pulse Oximeters        
          2. Handheld Pulse Oximeters       
          3. Wrist-Worn Pulse Oximeters   
          4. Tabletop Pulse Oximeters        
        4. Actigraphy Systems      
      2. Y-o-Y Growth Analysis, By Product            
      3. Market Attractiveness Analysis, By Product         
      4. Market Share Analysis, By Product          
    1. End User
      1. Introduction      
      2. Home Care Setting         
      3. Sleep Laboratories and Hospitals               
      4. Y-o-Y Growth Analysis, By End User        
      5. Market Attractiveness Analysis, By End User       
      6. Market Share Analysis, By End User        
  1. Geographical Analysis    
    1. Introduction      
      1. Regional Trends
      2. Impact Analysis
      3. Y-o-Y Growth Analysis   
        1. By Geographical Area  
        2. By Product       
        3. By End User     
      4. Market Attractiveness Analysis 
        1. By Geographical Area  
        2. By Product       
        3. By End User     
      5. Market Share Analysis  
        1. By Geographical Area  
        2. By Product       
        3. By End User     
    2. North America  
      1. Introduction      
      2. United States    
      3. Canada
    3. Europe 
      1. Introduction      
      2. U.K       
      3. Spain    
      4. Germany              
      5. Italy      
      6. France 
    4. Asia-Pacific           
      1. Introduction      
      2. China   
      3. India    
      4. Japan   
      5. Australia               
      6. South Korea      
    5. Latin America    
      1. Introduction      
      2. Brazil    
      3. Argentina             
      4. Mexico
      5. Rest of Latin America     
    6. Midde East & Africa         
      1. Introduction      
      2. Middle-East      
      3. Africa   
  2. Strategic Analysis               
    1. PESTLE analysis 
      1. Political
      2. Economic             
      3. Social   
      4. Technological   
      5. Legal    
      6. Environmental  
    2. Porter’s Five analysis      
      1. Bargaining Power of Suppliers    
      2. Bargaining Power of Consumers
      3. Threat of New Entrants 
      4. Threat of Substitute Products and Services            
      5. Competitive Rivalry within the Industry 
  3. Market Leaders' Analysis
    1. Resmed, Inc.     
      1. Overview             
      2. Product Analysis               
      3. Financial analysis              
      4. Recent Developments   
      5. SWOT analysis  
      6. Analyst View     
    2. Philips Healthcare              
    3. Fisher & Paykel Healthcare Ltd. 
    4. Somnomed Limited           
    5. Compumedics Limited   
    6. Weinmann Medical Devices GmbH             
    7. Whole You, Inc.
    8. Devilbiss Healthcare LLC
    9. BMC Medical Co., Ltd.   
    10. Braebon Medical Corporation  
  4. Competitive Landscape 
    1. Market share analysis    
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations, and Joint Ventures   
    4. New Product Launches  
  5. Market Outlook
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Sleep Apnea Devices Market By Region, From 2020 to 2025 (USD Million)
  2. Global Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  3. Global Therapeutic Devices Market By Region, From 2020 to 2025 (USD Million)
  4. Global Diagnostic devices Market By Region, From 2020 to 2025 (USD Million)
  5. Global Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  6. Global Home Care Settings Market By Region, From 2020 to 2025 (USD Million)
  7. Global Sleep Laboratories and Hospitals Market By Region, From 2020 to 2025 (USD Million)
  8. North America Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  9. North America Therapeutic Devices Market By Region, From 2020 to 2025 (USD Million)
  10. North America Diagnostic devices Market By Region, From 2020 to 2025 (USD Million)
  11. North America Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  12. North America Home Care Settings Market By Region, From 2020 to 2025 (USD Million)
  13. North America Sleep Laboratories and Hospitals Market By Region, From 2020 to 2025 (USD Million)
  14. United States Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  15. United States Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  16. Canada Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  17. Canada Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  18. Europe Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  19. Europe Therapeutic Devices Market By Region, From 2020 to 2025 (USD Million)
  20. Europe Diagnostic devices Market By Region, From 2020 to 2025 (USD Million)
  21. Europe Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  22. Europe Home Care Settings Market By Region, From 2020 to 2025 (USD Million)
  23. Europe Sleep Laboratories and Hospitals Market By Region, From 2020 to 2025 (USD Million)
  24. U.K. Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  25. U.K. Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  26. Germany Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  27. Germany Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  28. France Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  29. France Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  30. Italy Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  31. Italy Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  32. Spain Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  33. Spain Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  34. Asia Pacific Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  35. Asia Pacific Therapeutic Devices Market By Region, From 2020 to 2025 (USD Million)
  36. Asia Pacific Diagnostic devices Market By Region, From 2020 to 2025 (USD Million)
  37. Asia Pacific Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  38. Asia Pacific Home Care Settings Market By Region, From 2020 to 2025 (USD Million)
  39. Asia Pacific Sleep Laboratories and Hospitals Market By Region, From 2020 to 2025 (USD Million)
  40. Japan Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  41. Japan Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  42. China Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  43. China Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  44. India Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  45. India Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  46. Australia Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  47. Australia Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  48. South Korea Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  49. South Korea Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  50. Latin America Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  51. Latin America Therapeutic Devices Market By Region, From 2020 to 2025 (USD Million)
  52. Latin America Diagnostic devices Market By Region, From 2020 to 2025 (USD Million)
  53. Latin America Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  54. Latin America Home Care Settings Market By Region, From 2020 to 2025 (USD Million)
  55. Latin America Sleep Laboratories and Hospitals Market By Region, From 2020 to 2025 (USD Million)
  56. Brazil Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  57. Brazil Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  58. Argentina Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  59. Argentina Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  60. Mexico Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  61. Mexico Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  62. Rest of Latin America Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  63. Rest of Latin America Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  64. Middle East and Africa Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  65. Middle East and Africa Therapeutic Devices Market By Region, From 2020 to 2025 (USD Million)
  66. Middle East and Africa Diagnostic devices Market By Region, From 2020 to 2025 (USD Million)
  67. Middle East and Africa Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  68. Middle East and Africa Home Care Settings Market By Region, From 2020 to 2025 (USD Million)
  69. Middle East and Africa Sleep Laboratories and Hospitals Market By Region, From 2020 to 2025 (USD Million)
  70. Middle East Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  71. Middle East Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)
  72. Africa Sleep Apnea Devices Market By Product, From 2020 to 2025 (USD Million)
  73. Africa Sleep Apnea Devices Market By End User, From 2020 to 2025 (USD Million)

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