Sleep Apnea Market To Develop New Growth Story

Global Sleep Apnea Market is expected to reach $13.8bn by 2031 growing at a CAGR of 6.3% between 2021 and 2031.

Surging prevalence of sleep apnea and related co-morbidities along with growing awareness regarding sleep disorders is amongst the major factors stimulating the overall market growth. Technological advancement is set to propel sleep apnea devices market growth during the forecast period. These advancements in oral appliances, oxygen devices, actigraphy systems have increased the sleep disorders treatment outcome and success rate.

The growing geriatric population due to increasing life expectancy is expected to lead to a rise in the prevalence of sleep disorders. Moreover, people with obesity and hypertension are more likely to develop sleep apnea. Aging is a major factor driving the market growth for sleep apnea devices. The elderly are the most at risk for developing this disorder.

Sleep apnea is a serious sleep disorder in which breathing repeatedly stops and starts. There are three main types of sleep apnea, obstructive sleep apnea, central sleep apnea, and complex sleep apnea syndrome.

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Key Trends and Drivers:

1.The massive pool of undiagnosed patients of sleep apnea holds tremendous potential for the sleep apnea devices market. It is expected with the ongoing awareness campaigns and efforts, the untouched patients base would be diagnosed and treated for the sleep apnea.

2.This combined with increasing number of sleep clinics and sleep technicians globally is facilitating the growth of the market.

3.People’s sedentary lifestyles have resulted in an increase in the prevalence of cardiovascular illnesses, poor sleep habits, high-stress levels, and obesity.

4.Insurance coverage for treatment of sleep apnea and other sleep disorders, Product innovation strategy adopted by key industry players.

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Segmentation:

By Type

• Therapeutic Devices
  • Positive Airway Pressure Devices
    • Automatic Positive Airway Pressure Devices
    • Continuous Positive Airway Pressure Devices
    • Bilevel Positive Airway Pressure Devices
  • Facial Interfaces
    • Masks
      • Full-Face Masks
      • Nasal Pillow Masks
      • Nasal Masks
    • Cushions
  • Oral Appliances
    • Mandibular Advancement Devices
    • Tongue-Retaining Devices
  • Adaptive Servo-Ventilators
  • Other Therapeutic Devices
• Diagnostic Devices
  • Polysomnography Devices
    • Clinical PSG Devices
  • Home Sleep Testing Devices
  • Oximeters
    • Fingertip Oximeters
    • Handheld Oximeters
    • Wrist-Worn Oximeters
    • Tabletop Oximeters

By End User

1. Sleep Laboratories and Clinics.
2. Home care and other settings.

Key Players:

Key companies in this market include:

• Braedon Medical Corporation
• SomnoMed
• ResMed Inc.
• Philips N.V.
• BMC Medical Co. Ltd.
• Fisher & Paykel Healthcare
• Advanced Brain Monitoring Inc.
• Devilbiss Healthcare LLC
• Whole You, Inc.
• Natus Medical Incorporated

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