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Sleep Apnea Devices Market 2020 By Regional Trend & Growth Forecast To 2025

Author : Ronak Bora | Published Date : 2020-09-11 

Sleep Apnea Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

An inherent vertical of the medical devices sphere, sleep apnea devices market size has been observing a remarkable growth in recent times. With changing lifestyles and prevalence of obesity among the general populace, sleep apnea is not limited to the geriatric population anymore. Indeed, cases of untreated sleep apnea have been found to be exposed to greater risk of heart disease, stroke and diabetes.

In this regard, numerous awareness programs regarding the side-effects of this disorder are being conducted globally, thereby driving sleep apnea devices market trends over the forecast years. Not to mention, technological advancements by companies have also led to the competitive spectrum of sleep apnea devices industry emerging to be rather fierce lately.

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According to estimates by the World Health Organization, sleep apnea affects nearly 100 million people around the world. The disorder is known to affect an individual’s personal and professional life to a potentially negative extent. Studies conducted on people afflicted with obstructive sleep apnea (OSA) have demonstrated that OSA causes 40% increase in daytime sleepiness and leads to increased chances of congestive heart failure and stroke.

OSA is also known to increase 2 times as many traffic accidents per mile, 2.5 times more hypertension, and 40% increased risk of depression. On these grounds, medical device companies have been striving to develop highly advanced equipment to help control the disorder, thereby fueling sleep apnea devices market share.

One of the pivotal reasons sleep apnea remains untreated for long is the hectic present-day lifestyle that leads to around 95% people getting afflicted with this disorder. In reality, early diagnosis and treatment can potentially improve the quality of a patient’s life. Sleep apnea specialists have therefore been suggesting the requirement of raising awareness about the diagnosis and treatment of the disorder.

Considering the myriad health and social problems caused by sleep apnea, it is very evident that untreated sleep apnea leads to severe healthcare costs. It has been estimated in a study in the US that diagnosing and treating every patient with sleep apnea in the country will amount to an annual savings of $100.1 billion. The study further estimated that the economic burden of undiagnosed sleep apnea is approximately $149.6 annually of which roughly $86.9 billion is lost in lack of productivity, $26.2 billion is lost in motor vehicle accidents and workplace accidents amount up to loss of $6.5 billion.

In this regard, healthcare specialists have been extensively recommending the use of these devices not only to reduce such related costs but also to safeguard against hypertension, heart disease and depression. In consequence, this would have a massive impact on sleep apnea devices industry trends.

With rising awareness about sleep apnea, diagnostics products accounted for a commendable proportion of sleep apnea devices market share in 2018. One of the pivotal reasons for the same is increasing levels of awareness among patients related to this disorder. Additionally, the rising demand for early diagnosis and treatment has also been leading to the growth of diagnostics sleep apnea devices market share over the forecast duration.

In the years to come, sleep apnea devices market will witness the onset of a plethora of novel equipment that can overcome the discomforts of an oral or CPAP device. For example, an innovative procedure for treating sleep apnea implants a pacemaker-like device by surgery. This remote-controlled chest implant has been approved by the US FDA in 2014 and uses two thin wires to monitor the patient’s breathing and delivers mild electric current during the night.

Such devices however, are still undergoing development and due to the high cost and surgical risks, are not recommended for everyone. However, on account of the continuous research and development programs being conducted by major companies, it is expected that sleep apnea devices market will make significant headway over 2019-2025. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/sleep-apnea-devices-market-report

Partial Chapter of the Table of Content 

Chapter 3. Sleep Apnea Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025 (USD Million)

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Presence of advanced healthcare infrastructure in North America

3.3.1.2. Growing prevalence of sleep apnea and related co-morbidities in North America

3.3.1.3. Rising demand for portable, efficient and superior sleep apnea devices

3.3.1.4. Insurance coverage for treatment of sleep apnea and other sleep disorders in U.S.

3.3.1.5. Growing awareness regarding sleep apnea and other sleep disorders

3.3.1.6. Increasing aging population putting strain on European healthcare

3.3.1.7. Product innovation strategy adopted by key industry players in Europe

3.3.2. Industry pitfalls & challenges

3.3.2.1. Clinical consequences and economic impact of sleep apnea and related sleep disorders

3.3.2.2. Lack of adherence to sleep apnea treatment

3.4. Growth potential analysis

3.4.1. By product

3.5. Regulatory landscape

3.5.1. U.S.

3.5.2. Europe

3.6. Reimbursement scenario

3.7. Technology landscape

3.8. Porter’s analysis

3.9. Competitive landscape, 2018

3.9.1. Strategy dashboard

3.10. PESTEL analysis

Chapter 4. Sleep Apnea Devices Market, By Product

4.1. Key segment trends

4.2. Therapeutics

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.2. Airway clearance systems

4.2.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.3. Adaptive servo-ventilation (ASV)

4.2.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.4. Positive airway pressure (PAP) device

4.2.4.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.5. Oral appliances

4.2.5.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.6. Oxygen devices

4.2.6.1. Market size, by region, 2014 – 2025 (USD Million)

4.2.7. Others

4.2.7.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Diagnostics

4.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.3.2. Actigraphy systems

4.3.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3.3. Polysomnography (PSG) device

4.3.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.3.4. Respiratory polygraph

4.3.4.1. Market size, by region, 2014 – 2025 (USD Million)

4.3.5. Single-channel screening devices pulse oximeters

4.3.5.1. Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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