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Sleep Apnea Devices Market 2020 Regional Growth To 2025 By Top Players

Author : Ronak Bora | Published Date : 2020-12-24 

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.

Sleep apnea devices market is projected to witness tremendous growth over the forecast period of 2019 to 2025 considering the accelerating demand for effective solutions for sleeping disorders. Sleep apnea is one of the serious sleep disorders in which breathing frequently starts and stops while sleeping, which can subsequently lead to several chronic disorders such as heart diseases, diabetes and various other long-term health risks if not treated in time.  Based on the estimates of National Healthy Sleep Awareness Project, around 25 million adults in the U.S. suffered from sleep apnea and other sleeping disorders in 2014. Moreover, unhealthy lifestyle and rising alcohol consumption in several developed as well as developing nations are likely to further escalate the count of sleeping disorders globally, thereby triggering the demand for sleep apnea devices.

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According to GMI report, sleep apnea devices market size is estimated to surpass USD 10.0 billion by 2025.

Rising prevalence of OSA to impact the industry trends

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.

Increasingly hectic pace of living to add impetus to the market outlook

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.

This has consequently led to the implementation of numerous campaigns, projected to spur the sleep apnea devices market outlook.

Surging healthcare expenditure on sleep apnea treatment to fuel the industry share

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.

Increasing efforts by industry players pertaining to product innovation to augment the market size

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.

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

Partial Chapter of the Table of Content 

Chapter 2. Executive Summary

2.1. Sleep apnea devices industry 3600 synopsis, 2014 – 2025

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 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

  

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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