USD 7.1 billion
Sleep Apnea Devices Market Size, Share, Growth Analysis, By Type(Therapeutic Devices (PAP Devices [CPAP Devices, APAP Devices, BPAP Devices], Facial Interfaces [Masks {Full-face Masks), By End User(Sleep Laboratories, Clinics, and Hospitals), By Age Group(Below 40 Years, 40-60 Years, Above 60 Years), By Gender(Male Patients, Female Patients), By Region - Industry Forecast 2024-2031
Report ID:
SQSG35G2014 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
61
|Figures:
75
Sleep Apnea Devices Market Insights
Global Sleep Apnea Devices Market size was valued at USD 4.5 billion in 2022 and is poised to grow from USD 5.4 billion in 2023 to USD 19.65 billion by 2031, growing at a CAGR of 7.32% during the forecast period (2024-2031).
The global sleep apnea devices market is witnessing notable growth impacted by the rising cases of obesity, mounting incidences of sleep disorders, and improvements in CPAP technology. Modernizations in designs of devices like wearable and portable technology are improving patient comfort and compliance. However, the market is also facing a few barriers including significantly priced treatments and devices, growing lifestyle adjustments that create hesitation among patients for the use of these devices, and regulatory challenges. Yet, the opportunities that will help the market grow in the future include innovations like the integration of AI and advancements in wearables and smart devices and expansion in developing markets.
US Sleep Apnea Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Therapeutic Devices
Fastest Growth
Therapeutic Devices
Growth Rate
6.9% CAGR
Global Sleep Apnea Devices Market ($ Bn)
Country Share for North America Region (%)
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Sleep Apnea Devices Market Segmental Analysis
Global Sleep Apnea Devices Market is segmented by Type, End User, Age Group, Gender and Region. Based on Type, the market is segmented into Therapeutic Devices (PAP Devices [CPAP Devices, APAP Devices, BPAP Devices], Facial Interfaces [Masks {Full-face Masks, Nasal Pillow Masks, Nasal Masks}, Cushions], Accessories [Humidifiers Accessories, Power Accessories, Transportation Accessories, Communication Accessories, Chin Restraints, Other Accessories], Oral Appliances [Mandibular Advancement Devices, Tongue-retaining Devices, Daytime-Nighttime Appliances, Other Therapeutic Devices]), Diagnostic Devices (PSG Devices [Abulatory PSG Devices, Clinical PSG Devices], Home Sleep Testing Devices, Oximeters [Fingertip Oximeters, Handheld Oximeters, Wrist-worn Oximeters, Tabletop Oximeters], Actigraphy Systems, Sleep Screening Devices). Based on End User, the market is segmented into Sleep Laboratories, Clinics, and Hospitals, Home Care Settings/Individuals. Based on Age Group, the market is segmented into Below 40 Years, 40-60 Years, Above 60 Years. Based on Gender, the market is segmented into Male Patients, Female Patients. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Sleep Apnea Devices Market Analysis by Type
Based on type, the sleep apnea devices market is categorized into therapeutic devices and diagnostic devices. The therapeutic devices segment held a notable share of the market in 2023 and is expected to lead over the forecast period, owing to the growing demand for CPAP treatment, proven effectiveness, and technological improvements. Improved CPAP devices are the commonly preferred treatments by healthcare professionals to treat obstructive sleep apnea and associated conditions. These devices are established to manage sleep apnea efficiently, resulting in high patient satisfaction and compliance. Moreover, modernizations in device design like more comfortable masks, less noisy machines, and improved user experience are propelling the use of these devices.
On the other hand, the diagnostic devices segment is projected to grow considerably over the forecast period owing to its growing significance in diagnosis, rising awareness among providers and patients, and advances in technology. Accurate diagnostic is vital for better treatment of sleep disorders, which raises the demand for diagnostic technologies like home sleep apnea tests and polysomnography. Moreover, growing awareness among healthcare providers and the public for the best sleep health is increasing the use of a greater number of devices and treatments to treat sleep-associated disorders. Also, innovations and advancements in user-friendly and portable devices have also increased preference among a large population.
Sleep Apnea Devices Market Analysis by End User
Based on end user, the market is segmented into sleep laboratories, clinics, and hospitals. The hospitals segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to exhaustive care offered by hospitals and better accessibility to diverse treatments and technologies. Hospitals deliver a wide range of services, comprising treatment, diagnosis, follow-ups, and more. This increases the preference for hospitals for better sleep apnea care management than other specialized clinics or care centers. Moreover, hospitals have better access to diagnostic technologies and various therapeutic devices that streamline effective treatment and precise diagnostics.
On the other hand, the sleep laboratories segment will hold a notable market share in the forthcoming years owing to specialized testing services offered and the availability of expert care. Sleep laboratories are specially designed to perform a number of exhaustive sleep studies, also known as polysomnography, which is important for sleep apnea. Specialized services are majorly propelling the demand and need for sleep laboratories. These laboratories are equipped with well-trained professionals who can better understand examination results and offer suitable advice to patients for treatments. This contributes to a strong market for sleep laboratories.
Global Sleep Apnea Devices Market Size By End User
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Sleep Apnea Devices Market Regional Insights
Region-wise, North America dominated the market in 2023 and is expected to lead over the forecast period owing to the growing incidences of sleep disorders, the presence of improved healthcare, and increased education and awareness among individuals for sleep apnea and benefits of its treatments. North America holds the leading number of patients suffering from sleep apnea, which ultimately demands reliable and effective therapies and treatments. Also, the growing obesity cases and sedentary lifestyles is associated with sleep disorders, thus demanding better treatments. Regional growth is also impacted by the availability of developed healthcare systems and better accessibility to streamline treatment and diagnostics. The leading players profiled in the region include Philips Respironics, Medtronic, SomnoMed, ResMed Inc., Natus Medical Incorporated, Oventus Medical, Breas Medical, and more.
Asia-Pacific is the fastest-growing region in the global sleep apnea devices market due to the rising cases of sleep disorders, enhancing healthcare infrastructure, and growing awareness. The rising obesity rate in Asia-Pacific along with sedentary lifestyles is resulting in increased use of sleep disorders, thus demanding reliable treatment and therapies. Regional growth is also driven by enhancing healthcare that streamlines access to multiple treatment options and diagnosis. Furthermore, the growing number of education and awareness campaigns regarding sleep disorders and associated treatments is fueling the demand for therapeutic and diagnostic devices.
Global Sleep Apnea Devices Market Size By Geography
- Largest
- Fastest
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Sleep Apnea Devices Market Dynamics
Sleep Apnea Devices Market Driver
Growing Shift Towards Home-Based Care
- The growing inclination towards home-based care like HSAT (home sleep apnea testing) is enabling patients to perform tests in a more comfortable and in a convenient manner. This increases treatment initiation and increased diagnosis. Moreover, the growing shift towards using homecare therapies like CPAP due to their easy use and flexibility as compared to in-lab testing is driving their demand and hence, the market growth.
Increasing Healthcare Expenditure
- Heavy spending on sleep disorders is notably driving the market growth. The rising healthcare investments and associated costs in better sleep health are resulting in better access to several therapeutic devices and diagnostic options for sleep apnea. Moreover, expanded insurance coverage for treatment and diagnosis improves accessibility for patients to avail these treatments.
Restraints
Growing Competition from Alternative Therapies
- The growth of alternative therapies and non-device solutions has gained enough popularity, which restricts the adoption of sleep apnea devices, thus limiting the market growth. the availability of substitute methods like surgical options, and oral appliances may shift patient preference from CPAP. Moreover, several behavioral therapies and lifestyle interventions may also be chosen by patients, negatively affecting the demand for effective sleep apnea devices.
Reimbursement Challenges
- Inconsistency in insurance coverage for treatments of sleep apnea may significantly restrict access to devices in most individuals, mainly if their insurance plans do not completely cover costs. This may slow down the adoption of these treatments and therapies. Also, the growing complexity of reimbursement processes may disappoint healthcare professionals from prescribing these devices.
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Sleep Apnea Devices Market Competitive Landscape
The global sleep apnea devices market is notably progressing backed by constant efforts by several global competitors. The leading market vendors focused on offering portable devices and user-friendly designs comprise Koninklijke Philips N.V., SomnoMed, Oventus Medical, Fisher & Paykel Healthcare Limited, and Braebon Medical Corporation. These industry experts are highly focused on developing custom-fit oral devices and wearable technologies to help treat different sleep disorders prevalent on global scale. Overall, the global market is fueled by the growing elderly population, emergence of innovative solutions like improvements in CPAP devices, and awareness for sleep disorders.
Sleep Apnea Devices Market Top Player's Company Profiles
- ResMed
- Koninklijke Philips N.V.
- Fisher & Paykel Healthcare Limited
- Inspire Medical Systems, Inc.
- SomnoMed
- Oventus Medical
- Compumedics Limited
- Lowenstein Medical Technology GmbH + Co. KG
- Drive DeVilbiss Healthcare
- BMC Medical Co., Ltd.
- Braebon Medical Corporation
- Whole You, Inc.
- Panthera Dental
- Myerson LLC
- ProSomnus Sleep Technologies
- Nidek Medical India
- TOMED GmbH
- LivaNova
- Invacare Corporation
- MPowrx Health & Wellness
Sleep Apnea Devices Market Recent Developments
- In July 2023, Compumedics Limited announced to update the market in accordance with the present Australian main strategic milestone processes about its new Somfit® technology solution. The company declared that it signed a contract with CPAP Direct to commercialize Simfit Pro and Somfit, comprising recurring supplies and services in Queensland.
- In December 2023, Zahn Dental announced its distribution of newly developed and introduced Trusana™ Premium Denture System by Myerson. This new instrument comprises Trusana Premium 3D Denture Base Resin, Trusana Premium 3D Tooth Resin, and Trusana Bond Denture Adhesive. These products work closely to develop an elite denture with the best physical aesthetics and features for dental labs.
- In February 2022, Panthera Dental’s dedication to modernization in OSA treatment helped in the expansion of its product line to comprise oral appliance for paediatrics. This novel innovation allows practitioners to eliminate the treatment gap. Paediatric OSA is also said to be existent in nearly 5% of kids.
Sleep Apnea Devices Key Market Trends
- Remote Monitoring and Telehealth: The recent pandemic has considerably increased the use and adoption of telehealth, enabling individuals to contact and take advice from their medical professionals virtually. This trend continues to progress and allows remote monitoring and modifications in therapy. Patients are also actively preferring home-based testing devices that reduce frequent lab visits.
- Emphasis on Compliance and Patient Comfort: Manufacturers are actively engaged in introducing light, comfortable, and quiet devices to improve user experience. Attributes like modifiable and humidification of pressure settings are gaining prominence in several modern devices. Also, there is an increased inclination towards highly aesthetic appealing instruments that can be easily integrated in homecare, encouraging use and reducing stigma.
Sleep Apnea Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the sleep apnea devices market is considerably progressing due to the growing incidences of sleep apnea disorders, rising education initiatives and awareness in unexplored regions, and developments and advances in CPAP devices. However, the market is restrained by low awareness in the developing regions, patient adherence to CPAP therapy, and strict approval processes. North America is anticipated to lead the market owing to strong R&D infrastructure, supportive insurance coverage, and technological advancements. Nonetheless, a few opportunities for the growth of the sleep apnea devices market include growing research and developments, rising emphasis on mental health, and collaborations and alliances.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.5 billion |
| Market size value in 2031 | USD 19.65 billion |
| Growth Rate | 7.32% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sleep Apnea Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sleep Apnea Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sleep Apnea Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sleep Apnea Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sleep Apnea Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sleep Apnea Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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