Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) -- The "Sleep Apnea Devices Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030" report has been added to ResearchAndMarkets.com's offering.
The global sleep apnea devices market has been meticulously analyzed in this detailed market research report, shedding light on essential qualitative and quantitative insights from 2021 to 2030. The findings reveal that the market, valued at USD 4.21 billion in 2022, is projected to climb to an impressive USD 6.97 billion by 2030, depicting a Compound Annual Growth Rate (CAGR) of 6.51% throughout the forecasting timeline.
Today's healthcare sphere is increasingly focused on managing sleep apnea, a disorder marked by recurrent breathing pauses during sleep. Recognizing the urgency to address and alleviate the severe health complications tied to this condition, the medical community has been promoting the adoption of innovative sleep apnea devices.
Drivers Influencing the Market Expansion
An upsurge in global awareness about sleep apnea, emphasized by health care professionals and organizations, has been pivotal in steering the market trajectory.
Constructive government measures designed to fortify healthcare infrastructures offer significant support to the growing uptake of diagnostic and therapeutic devices addressing sleep disorders.
However, the amplification of this market could be mitigated by the lack of widespread knowledge about sleep apnea among potential patients, leading to lower diagnostic and treatment rates.
Opportunity Landscape
With obesity representing a significant risk factor for developing sleep apnea, the escalating obesity prevalence worldwide is expected to promote the expansion of the devices market dedicated to this sleep disorder.
Regional Market Insights
North America remains dominant within the sleep apnea devices landscape, benefitting from robust healthcare institutions and early embracement of medical innovations. Concurrently, the Asia-Pacific region has emerged as a swiftly advancing market, fueled by demographic shifts, economic growth, and heightened health awareness. Key international markets spotlighting these regions have been analyzed, providing an in-depth understanding of the dynamics and growth patterns at play.
Research Methodology
A precise and thorough methodological approach underpins the report, encompassing exhaustive primary and secondary research endeavors. Interviews with thought leaders and industry experts, supplemented by an extensive review of reliable data sources, ensure the comprehensive credibility of the information presented.
Market Segmentation Highlights
The report delves into the segmentation of the sleep apnea devices market, distinguishing between therapeutic devices, diagnostic devices, and sleep apnea masks. It further categorizes the end-user landscape into home care settings and individuals, alongside sleep laboratories and hospitals.
The holistic study extends to a thorough interrogation of company profiles, spotlighting prominent figures within the industry while presenting a growth matrix to assist stakeholders in making informed strategic decisions.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 180 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $4.21 Billion |
| Forecasted Market Value (USD) by 2030 | $6.97 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
Companies Mentioned
- Koninklijke Philips N.V.
- ResMed
- Fisher & Paykel Healthcare Limited
- Invacare Corporation
- BMC
- Natus Medical Incorporated
- SOMNOmedics GmbH
- Compumedics Limited
- ZOLL Itamar Ltd.
- Nihon Kohden Corporation
For more information about this report visit https://www.researchandmarkets.com/r/alf3vg
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