PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1520995
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1520995
The sleep apnea devices market is valued at an estimated USD 6.5 billion in 2024 and is projected to reach USD 9.3 billion by 2029 at a CAGR of 7.3% during the forecast period. Sleep apnea devices is widely used by sleep laboratories, clinics, hospitals and home users. Patients prefer non-invasive treatment methods, leading to increased use of devices like CPAP and BPAP machines. Emeriging markets such as Asia Pacific region offer lucrative growth opportunities for sleep apnea devices market.
Scope of the Report | |
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Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | By Product, end user, age group and gender |
Regions covered | North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries |
"Therapeutic devices segment accounted for the highest growth rate in the sleep apnea devices market, by product, during the forecast period."
The sleep apnea devices market is bifurcated into therapeutic devices and diagnostic devices. Sleep apnea therapeutic devices covers positive airway pressure (PAP) devices, facial interfaces (masks), accessories, oral appliances, and other therapeutic devices. Major factors driving the growth of this segment include improving diagnosis rate backed by home sleep tests leading to demand for therapeutic devices.
"Home care settings/individuals segment accounted for the highest growth rate in the sleep apnea devices market, by end users, during the forecast period."
The sleep apnea devices market is bifurcated into into sleep laboratories, clinics, and hospitals and home care settings/individuals. The growing preference for home healthcare solutions is driving the adoption of home-use sleep apnea devices. Better accessibility of home sleep apnea tests is key reason for greater diagnosis and subsequent treatment of sleep apnea impacting market growth.
"Asia Pacific: The fastest-growing region sleep apnea devices market."
The worldwide market for human identification is categorized into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries. Notably, the Asia Pacific region market is expected to register the highest growth rate during the forecast period, mainly due to the frequent product launches and regulatory approvals of new devices leading to market offerings in the region.
The key players in this market are ResMed (US), Koninklijke Philips N.V. (Netherlands), Fisher & Paykel Healthcare Limited (New Zealand), Inspire Medical Systems, Inc. (US), SomnoMed (Australia), Openairway (Canada), Compumedics Limited (Australia), Lowenstein Medical Technology GmbH + Co. K.G. (Germany), Drive DeVilbiss Healthcare (US), BMC Medical Co., Ltd. (China), BRAEBON Medical Corporation (Canada), DynaFlex (US), Panthera Dental (Canada), Myerson LLC (US), ProSomnus Sleep Technologies (US), Nidek Medical India (India), Tomed GmbH (Germany), LivaNova PLC (UK), Invacare Corporation (US), MPowrx Health & Wellness Products Inc. (Canada), Nihon Kohden Corporation (Japan), SICAT GmbH & Co. Kg (Germany), Vivos Therapeutics, Inc. (US), Airway Management (US), and Apnea Sciences (US).
This research report categorizes the sleep apnea devices market by product (Therapeutic devices (PAP devices, facial interfaces, accessories, oral appliances, other therapeutic devices), Diagnostic devices (PSG Devices, home sleep testing devices, oximeters, actigraphy systems, sleep screening devices)), by end user (Sleep laboratories, clinics, and hospitals, and home care settings/ individuals), by age group (below 40 years, 40-60 years, and above 60 years), by gender (male patients, female patients), and by region (North America, Europe, Asia Pacific, Latin America, the Middle East & Africa and GCC countries). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the sleep apnea devices market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, key strategies, acquisitions, and agreements. New product & service launches and recent developments associated with the sleep apnea devices market. Competitive analysis of upcoming startups in the sleep apnea devices market ecosystem is covered in this report.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall sleep apnea devices market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.