Sleep Apnea Devices Market to reach $8.5bn by 2023

The research report on "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., Sleep Apnea Devices Market is anticipated to witness a CAGR of 7% over the period of 2016 to 2023.

Rising awareness about sleeping disorders along with increase in healthcare spending will spur sleep apnea devices market. Growing geriatric population base and increasing prevalence of lifestyle induced diseases such as cardiovascular and obesity will augment sleep apnea device industry. As per American Sleep Association, over 25 million adults are diagnosed with obstructive sleep apnea (OSA) in US. Favorable reimbursement policies in this regard will improve the rate of adoption of these devices thus, propelling sleep apnea devices industry.

Emerging economics, growing awareness towards incontinence, and introduction of premium quality surgical and medical disposals have resulted in wide acceptance of non-woven disposal products.

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In terms of product. sleep apnea devices industry is segmented into oral appliances, adaptive servo-ventilation, positive airway pressure (PAP), oxygen device, and airway clearance system. The oral appliances market is anticipated to surpass USD 1 billion by 2023, owing to its high recommendation to patients who suffer from mild obstructive sleep apnea. Flexibility in usage of this device will be another factor stimulating the sleep apnea devices industry.

Oxygen devices market will witness prominent growth over the coming six years. Patients diagnosed with central sleep apnea finds oxygen devices very effective. Furthermore, positive airway pressure devices market is another lucrative product segment growing at a rate of 10.4 % over the period of 2016-2023. Increasing demand for miniature devices will primarily complement the industry growth.

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Below are the regional trends influencing the industry over 2016-2023

• U.S. sleep apnea devices market is expected to grow at a rate of 7.5% over the period of 2016-2023. Availability of advanced products and favorable Medicare policies will be the key factors driving the market.
• China market is foreseen to register a CAGR of 11% from 2016-2023. Increasing occurrence of OSA and rising geriatric population will stimulate the regional growth of sleep apnea devices.
• U.K. sleep apnea devices industry is set to grow at a rate of 7%, owing to increasing awareness regarding the disease and its treatment. Moreover, promising government initiatives in this regards will augment the industry growth.
• Japan, contributing over 44% of the total regional revenue in 2015, is expected to witness heavy gains in the coming timeframe. Sleep apnea devices industry is booming in this region due to increasing patient pool and rising healthcare expenditure.

The industry participants are more focused at developing innovative products which are easy to use, portable, and highly comfortable. Prominent companies operating in sleep apnea devices market include Carefusion, Philips Respironics, Braebon Medical, Cadwell Laboratories, Compumedics and ResMed.

Table of Content of Sleep Apnea Devices Market:

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Research scope and assumptions

1.2. Data Sources

1.2.1. Primary Sources

1.2.2. Secondary Sources

Chapter 2. Executive Summary

2.1. Sleep Apnea Devices industry 3600 synopsis, 2012 - 2023

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Regional trends

Chapter 3. Sleep Apnea Devices Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2012 - 2023

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Growing geriatric population base

3.3.1.2. Growing prevalence of sleep apnea

3.3.1.3. Growing prevalence of sleep apnea co-morbidities

3.3.1.4. Introduction of technological advancements

3.3.2. Industry pitfalls & challenges

3.3.2.1. Lack of patient compliance

3.3.2.2. Economic impact of sleep apnea

3.4. Growth potential analysis

3.5. Porter’s analysis

3.6. Company market share analysis, 2015

3.7. PESTEL analysis

Browse key industry insights spread across 105 pages with 38 market data tables & 6 figures & charts from the report Sleep Apnea Devices Market in detail along with the table of contents:

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