New York, USA, Sept. 06, 2021 (GLOBE NEWSWIRE) -- According to the report published by Research Dive, the global therapeutic obstructive sleep apnea market is expected to generate a revenue of $9,561.3 million by 2026, exponentially growing at a CAGR of 9.6% during the forecast period (2019-2026). The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market such as growth factors, challenges, restraints, and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.
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Dynamics of the Market
Drivers: Obstructive sleep apnea when left untreated leads to various problems like diabetes, high blood pressure, stress, and many more. Significant surge in the number of sleep apnea cases among people and the increasing awareness about its treatment among patients are expected to drive the growth of the market during the forecast period.
Restraints: Extortionate cost of sleep apnea devices is expected to impede the growth of the market during the forecast period.
Opportunities: Persistent technological developments in the sleep apnea devices are expected to create massive opportunities for the growth of the global market during the forecast period.
Segments of the Market
The report has divided the market into different segments based on type, end-use, and region.
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Type: Positive Airway Pressure (PAP) Sub-segment to be Most Profitable
The positive airway pressure (PAP) device is expected to generate a revenue of $5,218.43 during the forecast period. Positive airway pressure eliminates the event of night time apnea and prohibits the airway to collapse. These factors are expected to bolster the growth of the sub-segment during the forecast period.
End-use: Hospital and Sleep Laboratories Sub-segment to be Most Lucrative
The hospital and sleep laboratories sub-segment are anticipated to generate a revenue of $5,218.43 million during the forecast period. Remarkable surge in the number of clinics, and increasing healthcare expenses among people are expected to drive the growth of the sub-segment during the forecast period.
Region: North America is Predicted to Dominate the Market
The North America therapeutic obstructive sleep apnea market is expected to generate a revenue of $3,970.7 million by 2026. Rising sleep apnea cases and increasing geriatric population in this region are expected to fuel the growth of the market during the forecast period.
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Key Players of the Market
The major players of the market include
- BMS Medical Company Ltd.
- Fisher & Paykel Healthcare
- GE Healthcare
- Invacare Corporation
- ImThera Medical Inc.
- Beckton Dickinson (CareFusion Corporation)
- Cadwell Laboratories Inc.
- Curative Medical Inc.
- Braebon Medical Corporation
- Compumedics Limited
and many more. These players are working on developing strategies such as product development, merger and acquisition, partnerships and collaborations to sustain the market growth.
For instance, in June 2020, Cryosa, a Minnesota-based medical device start up, raised $8.25 million in Series A-2 Funding from life sciences firm, Santé Ventures; HOYA Corporation, Japanese manufacturer of healthcare-related products, and many institutional and individual investors.
The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.
In Addition, the report having some numorus point about the leading Business Manufactures, Like, SWOT analysis, Product Portfolio, Finanical Status - Inquire to Get access for Detailed Top Companies Development Strategy Report
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