Global Sleep Apnea Devices Market

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 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.

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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 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. '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'

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. 

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. 

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.    

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Global Sleep Apnea Devices Market

Report ID: SQSG35G2014

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