Pune, India, Jan. 31, 2023 (GLOBE NEWSWIRE) -- The global Sleep Apnea Devices Market size was valued at USD 8.55 billion in 2020. The market is projected to grow from USD 8.09 billion in 2021 to USD 13.10 billion by 2028, exhibiting a CAGR of 7.1% during the forecast period. The market for sleep apnea devices in North America was worth USD 4.16 billion in 2020 and is expected to hold the largest sleep apnea devices market share in the forthcoming years.
Industry Development:
Vivos Therapeutics, Inc. received USFDA clearance for its mmRNA (modified mandibular Repositioning Nighttime Appliance) to treat mild to moderate obstructive sleep apnea (OSA).
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sleep-apnea-devices-market-100708
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2020 to 2027 CAGR | 7.1% |
| 2028 Value Projection | USD 13.10 Billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 8.55 Billion |
| Historical Data | 2017 to 2019 |
| No. of Pages | 125 |
Key Takeaways:
- The North American market size was USD 4.16 billion by 2020.
- The growing prevalence of obstructive sleep apnea (OSA) is fueling demand for these devices.
- The advancements and innovations by market players will increase the adoption of devices over the forecast period.
- Market players are focusing on introducing new and portable devices for home use among patients undergoing treatment for the condition.
DRIVING FACTOR:
Sedentary Lifestyle of People to Intensify Market
According to Sleep Science Resource, LLC., one in every 15 individuals in the United States suffers with obstructive sleep apnea (OSA), which amounts to 18 million people. People's sedentary lifestyles have resulted in an increase in the prevalence of cardiovascular illnesses, poor sleep habits, high-stress levels, and obesity. For example, numerous cross-sectional studies have indicated that severe sleep apnea is prevalent in 40% of the obese population, and 70% of OSA patients are obese, according to an article published by the American Heart Association, Inc.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/sleep-apnea-devices-market-100708
REGIONAL INSIGHTS:
Growing Adoption of Sleep Apnea Devices to Bolster Growth in North America
In 2020, the market for sleep apnea devices in North America was worth USD 4.16 billion. North America's supremacy is due to the region's higher prevalence of sleep apnea and the availability of advantageous reimbursement regulations, both of which have aided in the region's increased adoption of sleep apnea devices. According to the American Academy of Sleep Medicine (AASM), around 3.0%-7.0% of men and 2.0%-5.0% of women in the United States suffer from sleep apnea. On the other hand, the European market is anticipated to expand at a substantial CAGR by 2028, due to increased awareness of sleep apnea and increased need for diagnostic testing, as well as high adoption of these devices in this area.
COMPETITIVE LANDSCAPE:
Companies Focus on Research and Development Strategy to Expand Market Presence
Major firms such as Koninklijke Philips N.V. and ResMed compete fiercely in this industry. The dominance of these firms in the worldwide market may be ascribed to their strong and diversified portfolios, as well as their concentration on R&D to develop new devices and their strong geographical presence. For example, ResMed released the next-generation PAP device for the treatment of obstructive sleep apnea in October 2021. As a result, rising market developments and innovations are projected to boost the usage of these devices throughout the forecast period.
Quick Buy – Sleep Apnea Devices Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100708
The Report Lists the Key Companies in the Sleep Apnea Devices Market:
- Koninklijke Philips N.V. (Amsterdam, Netherlands)
- Oventus, Indooroopilly (Australia)
- Cadwell Industries, Inc. (Kennewick, U.S.)
- ResMed (San Diego, U.S.)
- Fisher & Paykel Healthcare Limited (Auckland, New Zealand)
- Natus Medical Incorporated (Pleasanton, U.S.)
- SomnoMed (Sydney, Australia)
- DeVilbiss Healthcare LLC (Pennsylvania, U.S.)
- Braebon Medical Corporation (Ontario, Canada)
Some major points from Table of Content:
- Introduction
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Sleep Apnea, By Key Country/ Regions, 2020
- Technological Advancements in Sleep Apnea Devices
- Key Industry Developments - Mergers, Acquisition, and Partnerships
- Impact of COVID-19 on the Market
- Global Sleep Apnea Devices Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- Market Analysis, Insights and Forecast – By End User
- Sleep Laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Sleep Apnea Devices Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- Market Analysis, Insights and Forecast – By End User
- Sleep Laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Country
- U.S.
-
-
-
- By Device Type
-
-
-
-
- Canada
-
-
-
-
- By Device Type
-
-
- Europe Sleep Apnea Devices Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- Market Analysis, Insights and Forecast – By End User
- Sleep Laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- U.K.
-
-
-
- By Device Type
-
-
-
-
- Germany
-
-
-
-
- By Device Type
-
-
-
-
- France
-
-
-
-
- By Device Type
-
-
-
-
- Spain
-
-
-
-
- By Device Type
-
-
-
-
- Italy
-
-
-
-
- By Device Type
-
-
-
-
- Scandinavia
-
-
-
-
- By Device Type
-
-
-
-
- Rest of Europe
-
-
-
-
- By Device Type
-
-
- Asia pacific Sleep Apnea Devices Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- Market Analysis, Insights and Forecast – By End User
- Sleep Laboratories & Clinics
- Homecare & Other Settings
- Market Analysis, Insights and Forecast – By Country/ Sub-region
- Latin America Sleep Apnea Devices Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Device Type
- Therapeutic Devices
- Diagnostic Devices
- Market Analysis, Insights and Forecast – By End User
- Sleep Laboratories & Clinics
- Homecare & Other Settings
TOC Continued……………….
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/sleep-apnea-devices-market-100708
Related Links:
Sleep Apnea Treatment Devices Market Size, Share, Growth Industry Report, 2019-2026
Respiratory Devices Market Share, Size, Demand and Forecast 2023-2030
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
