Global Sleep Apnea Devices Market 2016-2018 & 2023 - Growing Adoption of Wearable Sleep Trackers
DUBLIN, Jan 16, 2019
DUBLIN, Jan 16, 2019 /PRNewswire/ --
The "Sleep Apnea Devices Market by Product - Global Market Size, Share, Development, Growth and Demand Forecast, 2016-2023" report has been added to ResearchAndMarkets.com's offering.
Global sleep apnea devices market is expected to generate $6.8 billion revenue by 2023, the market growth in the coming years is predicted to be mainly driven by the growing prevalence of obstructive sleep apnea (OSA) and co-morbidities, increasing government support for start-up companies, and rising use of portable sleep apnea devices. Moreover, growing healthcare facilities, and increasing geriatric population are also propelling the market growth.
Therapeutic devices held a larger share in the global sleep apnea devices market, with 84.7% contribution in 2017, mainly due to increase in the research and development activities to develop technologically advanced PAP devices.
Among the various types of therapeutic devices, PAP devices generated $1.2 billion revenue in 2017. PAP devices are the most commonly prescribed treatment option by the doctors due to its targeted medication benefits over other sleep apnea devices. However, oral appliances devices is expected to be the fastest growing category in the sleep apnea devices industry, demonstrating a CAGR 8.6% during the forecast period.
Of all types of diagnostic devices, polysomnography devices held the largest share, of 28.4% in the global sleep apnea diagnostic devices market in 2017.
Sleep laboratories and at-home are the major end users in the sleep apnea devices market, where sleep laboratories held the larger share in the market, in 2017. This can be attributed to rise in the prevalence of sleep apnea, and rising awareness among people for the health implications of the disease.
During the forecast period, the sleep apnea devices market is expected to witness the fastest growth in Asia-Pacific (APAC), owing to the increasing prevalence of sleep apnea disorders in the region. Furthermore, the large undiagnosed patient pool in countries, such as China and India; and increasing initiatives by the government and other private organizations to raise awareness about the harmful effects of sleep disorders, including sleep apnea, are the factor that will contribute to the region's faster growth in the sleep apnea devices industry.
In order to increase their market share, the key players in the sleep apnea devices industry are developing innovative products to expand their product portfolio. For instance, in September 2018, ResMed Inc. launched AirFit F30, a minimal-contact full face CPAP mask. The product is an addition to the company's AirFit mask portfolio, that reduces facial marks occurrence due to the masks.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product
220.127.116.11 Therapeutic devices
18.104.22.168.1 Positive airway pressure (PAP) devices
22.214.171.124.1.1 Continuous positive air pressure (CPAP) devices
126.96.36.199.1.2 Automatic positive air pressure (APAP) devices
188.8.131.52.1.3 Bi-level positive air pressure (BPAP) devices
184.108.40.206.2 Facial interfaces
220.127.116.11.3 Oral appliances
18.104.22.168.4 Adaptive servo-ventilators (ASVs)
22.214.171.124 Diagnostic devices
126.96.36.199.1 Polysomnography devices
188.8.131.52.2 Respiratory polygraphs
184.108.40.206.3 Pulse oximeters
220.127.116.11.4 Actigraphy devices
18.104.22.168.5 Sleep screening devices
22.214.171.124.6 Home sleep testing devices
4.1.2 By End User
126.96.36.199 Sleep laboratories
4.2 Market Dynamics
188.8.131.52 Growing adoption of wearable sleep trackers
184.108.40.206 Increasing demand for home sleep testing devices
220.127.116.11 Rising use of CPAP therapy devices
18.104.22.168 Increasing preference for home health care
22.214.171.124 Growing prevalence of OSA and co-morbidities
126.96.36.199 Rising use of portable sleep apnea devices
188.8.131.52 Increasing government support for start-up companies
184.108.40.206 Growing healthcare facilities
220.127.116.11 Increasing geriatric population
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Long-waiting time for sleep care services
126.96.36.199 Side-effects associated with the use of sleep apnea devices
188.8.131.52 Impact analysis of restraints on market forecast
184.108.40.206 Rising per capita healthcare cost
220.127.116.11 Untapped market in developing economies
18.104.22.168 Low patient compliance for sleep apnea devices
4.3 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Product
5.1.1 Therapeutic Devices Market, by Type
22.214.171.124 PAP devices market, by type
126.96.36.199 Facial interfaces market, by type
5.1.2 Diagnostic Devices Market, by Type
5.2 By End User
5.3 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Market Share Analysis of Key Players
11.2 Product Benchmarking of Key Players
11.3 Global Strategic Developments of Key Players
11.3.1 Mergers and Acquisitions
11.3.2 Product Launches
11.3.4 Other Developments
Chapter 12. Company Profiles
- Koninklijke Philips N.V.
- Drive DeVilbiss Healthcare Inc.
- ResMed Inc.
- Fisher & Paykel Healthcare Limited
- Lwenstein Medical Technology GmbH & Co. KG
- BMC Medical Co. Ltd.
- Compumedics Limited
- SomnoMed Limited
- BRAEBON Medical Corporation
- Natus Medical Incorporated
For more information about this report visit https://www.researchandmarkets.com/research/wqx5vn/global_sleep?w=5
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