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Global Sleep Apnea Devices Market 2016-2018 & 2023 - Growing Adoption of Wearable Sleep Trackers

Global Sleep Apnea Devices Market 2016-2018 & 2023 - Growing Adoption of Wearable Sleep Trackers

PR Newswire

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'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 Therapeutic devices Positive airway pressure (PAP) devices Continuous positive air pressure (CPAP) devices Automatic positive air pressure (APAP) devices Bi-level positive air pressure (BPAP) devices Facial interfaces Masks Cushions Oral appliances Adaptive servo-ventilators (ASVs) Others Diagnostic devices Polysomnography devices Respiratory polygraphs Pulse oximeters Actigraphy devices Sleep screening devices Home sleep testing devices

4.1.2 By End User Sleep laboratories At-home

4.2 Market Dynamics

4.2.1 Trends Growing adoption of wearable sleep trackers Increasing demand for home sleep testing devices Rising use of CPAP therapy devices Increasing preference for home health care

4.2.2 Drivers Growing prevalence of OSA and co-morbidities Rising use of portable sleep apnea devices Increasing government support for start-up companies Growing healthcare facilities Increasing geriatric population Impact analysis of drivers on market forecast

4.2.3 Restraints Long-waiting time for sleep care services Side-effects associated with the use of sleep apnea devices Impact analysis of restraints on market forecast

4.2.4 Opportunities Rising per capita healthcare cost Untapped market in developing economies

4.2.5 Challenges 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 PAP devices market, by type 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

11.3.3 Partnerships

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

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Last Updated: 16-Jan-2019