USD 361.05 million
Report ID:
SQMIG35A2796 |
Region:
Global |
Published Date: October, 2024
Pages:
219
|Tables:
63
|Figures:
75
Sleep Apnea Implants Market size was valued at USD 315.8 Million in 2023 and is poised to grow from USD 357.17 Million in 2024 to USD 956.15 Million by 2032, growing at a CAGR of 13.1% during the forecast period (2025-2032).
Growing prevalence of sleep apnea and other sleep disorders around the world is forecasted to primarily drive up the sales of sleep apnea implants in the future. Rising investments in the development of novel sleep apnea treatments and growing application scope of sleep apnea implants are estimated to bolster market development going forward. Increasing awareness regarding sleep disorders around the world and the rising number of people being diagnosed with sleep apnea are also slated to create new opportunities for sleep apnea implant providers over the coming years. Increasing senescent population around the world is also forecasted to provide lucrative business scope for sleep apnea implant suppliers in the long run. On the contrary, strict regulatory approval process, high costs of sleep apnea implants, and risk of complications after implantation are expected to be key constraints for sleep apnea implants market growth across the study period and beyond.
Global Market Size
USD 361.05 million
Largest Segment
Obstructive Sleep Apnea (OSA)
Fastest Growth
Central Sleep Apnea
Growth Rate
14.8% CAGR
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Global Sleep Apnea Implants Market is segmented by Product, Indication, End User, and region. Based on Product, the market is segmented into Phrenic Nerve Stimulator, Hypoglossal Neurostimulation Devices, Bone Screw Implant System, Flexible Tongue Retractor System, Palatal Implants/Pillar Procedure. Based on Indication, the market is segmented into Central Sleep Apnea, Obstructive Sleep Apnea (OSA). Based on End User, the market is segmented into Hospitals, Ambulatory Surgical Centers, and Office Based Clinics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Therapeutics Type
Hypoglossal neurostimulation devices are projected to account for a dominant share of the global sleep apnea implants industry in the future. High efficacy of these devices in treating obstructive sleep apnea (OSA) is projected to aid the dominance of this segment over the coming years. These implants are especially used for people who are unresponsive to traditional sleep apnea treatments as they work by stimulating the hypoglossal nerve to prevent airway collapse during sleep. High success rate of these devices for the treatment of sleep apnea and other sleep disorders are also estimated to promote the sales of hypoglossal neurostimulation devices in the long run.
Meanwhile, the demand for palatal implants/pillar procedure is estimated to increase at an impressive pace across the study period. The highly minimally invasive nature of palatal implants is expected to make them a popular choice among sleep apnea patients in the long run. These implants involve the placement of small polyester rods into the soft palate to stiffen it and reduce airway obstruction. Increasing preference for minimally invasive surgeries around the world is also expected to create new opportunities for sleep apnea implant companies focusing on this segment over the coming years. Rising availability of palatal implants in hospitals is also boosting sleep apnea implants market growth through 2031.
Analysis by Indication
Obstructive Sleep Apnea (OSA) is forecasted to account for a substantial chunk of the global sleep apnea implants market share in the future. The high prevalence of OSA around the world is expected to further cement the dominance of this segment going forward. Increasing diagnosis of OSA owing to rising awareness regarding the same is also expected to create new opportunities for sleep apnea implant providers in the long run. Hypoglossal nerve stimulators are extensively used for the treatment of obstructive sleep apnea. Rising geriatric population is also a key contributor to the rising incidence of OSA.
On the other hand, the demand for sleep apnea implants for central sleep apnea is forecasted to increase in the long run. Growing incidence of cardiovascular and neurological disorders is expected to result in rising prevalence of central sleep apnea going forward. Servo-ventilation systems and phrenic nerve stimulators are extensively used in the treatment of central sleep apnea. Positive airway pressure (PAP) machines are also estimated to be popularly used for the treatment of central sleep apnea. Efforts to increase awareness regarding central sleep apnea and enhance quality of life for patients affected by it are slated to bolster the adoption of sleep apnea implants in the future.
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North America is estimated to emerge as the leader in terms of sleep apnea implant demand owing to high prevalence of sleep apnea and presence of a developed healthcare infrastructure. Increasing senescent population, high healthcare spending potential, and rising prevalence of lifestyle disorders are also expected to favor the demand for sleep apnea implants in this region. Canada and the United States are estimated to emerge as the most opportune markets for sleep apnea implants providers operating in the North American region. High availability of favorable reimbursement policies for sleep apnea treatment is also expected to bolster sales of sleep apnea implants in this region through 2031.
Asia Pacific is expected to emerge as the most opportune regional market for sleep apnea implants companies in the world. Growing awareness regarding sleep disorders, launch of new initiatives to promote diagnosis of sleep apnea, and rising disposable income of people are expected to create new opportunities for sleep apnea implants providers in the future. Japan, India, and China are slated to emerge as highly opportune markets for sleep apnea implants owing to rising geriatric population in these countries. Rising diagnosis of sleep apnea and growing investments in R&D of novel sleep apnea treatments are also slated to uplift the sales of sleep apnea implants in this region over the coming years.
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Sleep Apnea Implants Market Drivers
Growing Prevalence of Sleep Apnea
Increasing the number of people suffering from sleep apnea around the world and growing awareness regarding the same are projected to bolster sales of sleep apnea implants over the coming years. As more people are diagnosed with sleep apnea, the demand for treatment of the same using sleep apnea implants is also expected to rise in the future.
Limitations of Traditional Therapies
Traditional treatments and therapies used for the treatment of sleep apnea face low adherence issues owing to discomfort and inconvenience. This is projected to promote the adoption of sleep apnea implants as they are highly effective and convenient to use whilst also being minimally invasive in nature.
Sleep Apnea Implants Market Restraints
Sleep apnea implants are quite expensive in some parts of the world and so is the cost of their implantation procedures as well. Moreover, availability of limited reimbursement policies for sleep apnea implants is also expected to further impede the overall sleep apnea implant market growth in the long run.
Stringent Regulatory Approval Procedures
Sleep apnea implants are subject to some extremely stringent regulations and clinical trials. Ensuring compliance with these strict mandates is expected to elongate the product development process and also increase time-to-market for companies resulting in a slowed overall sleep apnea implant market outlook over the coming years.
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Sleep apnea implant providers are projected to focus on the R&D and launch of new products to maximize their sales potential. Creating awareness regarding sleep apnea is also a vital strategy for sleep apnea implant companies focusing on expanding into developing markets. Making sleep apnea implants more affordable is also expected to be a key strategy for sleep apnea implant providers looking to maximize their business scope in the long run.
Top Player’s Company Profiles
Recent Developments
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, growing incidence of sleep apnea and rising awareness regarding different sleep disorders are projected to bolster the sales of sleep apnea implants in the future. On the contrary, stringent regulatory approval procedures and high costs of sleep apnea implants are expected to slow down market growth potential in the long run. North America is forecasted to spearhead the global sleep apnea implant demand outlook owing to the high incidence of sleep apnea and high healthcare expenditure in this region. Sleep apnea implant companies should invest in the research and development of minimally invasive implants to maximize their sales potential in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 274.4 million |
Market size value in 2031 | USD 845.4 million |
Growth Rate | 13.1% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Million |
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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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Sleep Apnea Implants 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 Implants 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.
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 Implants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sleep Apnea Implants 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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Report ID: SQMIG35A2796
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