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Sleep Apnea Devices Market by Product, Therapeutic, Diagnostic, End User - Analysis & Global Forecasts to 2021

Sleep Apnea Devices Market: Global Forecasts until 2021

  • January 2017
  • 179 pages
  • ID: 4604345
In this report:
NORTH AMERICA IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF ## - ##% IN 2016, AT A CAGR OF ##.##% DURING THE FORECAST PERIOD THIS GROWTH IS MAINLY ATTRIBUTED TO RISING PREVALENCE OF SLEEP APNEA DISEASE, SHIFTING TRENDS IN SLEEP TESTING, GROWING AWARENESS OF SLEEP APNEA, INCREASING IN FUNDS AND GRANTS IN THE U.S. ADDITIONALLY, GOVERNMENTS INITIATIVES AND RISING INCIDENCE OF SLEEP APNEA ARE DRIVING THE GROWTH OF THE CANADIAN MARKET.

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The sleep apnea devices market is estimated to grow ~$6.7B by 2021 from ~$4.6B in 2016, increasing at a compound annual growth rate (CAGR) of 7.8% during the forecast horizon. The rise of the global sleep apnea devices market can be accredited to the increasing awareness concerning the ill effects of sleep apnea, increasing usage of oral appliances for sleep apnea treatment, and the important pool of undiagnosed and untreated sleep apnea patients. On top of, technological improvements in sleep apnea devices are also supporting the increase of this market.

The overall sleep apnea devices market is broken down on the basis of product, final user, and area. On the basis of product, the therapeutic devices segment is anticipated to command the biggest share of the overall sleep apnea devices market, in 2016; it is also anticipated to grow at the maximal CAGR (Compound annual growth rate) during the estimate period. The big market share of this segment can be connected to the wide use of these compact devices in the treatment of sleep apnea.

The PAP devices segment is intended to account for the most important share of the overall sleep apnea therapeutic devices market in 2016. Technological improvements have made these devices compact, comfortable, and easy to use to ensure better patient compliance; this is anticipated to ensure steady rise for the PAP devices market in the next years. The oral appliances segment is expected to record the maximal compound annual growth rate (CAGR) during the outlook period.

The PSG devices segment is forecasted to account for the biggest share of the overall sleep apnea diagnostic devices market in 2016. These devices are used to study the sleep patterns and physiological functions of a patient during sleep. Moreover, the single-channel screening devices segment is expected to register the highest CAGR (Compound annual growth rate) in the estimate period. The high increase of this segment can be attributed to its noninvasive and painless cardiorespiratory monitors that are used to assess the oxygen saturation level of arterial blood.

On the basis of end user, the home care settings segment is expected to account for the most important share of the overall market in 2016. The high rise of this segment can be accredited to the preference for home care in sleep apnea diagnosed patients.

In 2016, North America continent is forecasted to account for the biggest share of the market. On the other hand, Europe (EU) is projected to register the highest compound annual growth rate (CAGR) during the outlook period. This can be connected the new legislation of PAP devices, increasing funding and grants for sleep apnea devices and treatment, introduction of new devices in the european (EU) market, and focus of industry actors are likely to boost industry growth in the territory.

Comprehensive interviews were managed with CEOs, sales and marketing directors, other innovation and technology directors, and executives from numerous main institutions operating in the sleep apnea devices market.

- By Company Type: Tier 1: 50.0 percent, Tier 2: 42.0 percent, Tier 3: 8.0 percent

- By Designation: Director Level: 58.0 percent, C-level: 25.0 percent, Others: 17.0 percent

- By area: North america (NA): 51.90 percent, Europe: 32.60 percent, APAC: 10.50 percent, RoW: 5.00 percent

In 2015, ResMed, Incorporated, Philips Healthcare, and Fisher & Paykel Healthcare Ltd. controled the overall sleep apnea devices market. The other actors contain SomnoMed Ltd., Compumedics Limited, Weinmann Medical Devices GmbH, Whole You, Incorporated, BMC Medical Co., Limited, DeVilbiss Healthcare, and Braebon Medical Corporation.

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn benefits organizations to collect a larger market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies (sector entry, product improvement/innovative projects, sector development, business diversification, and opposing assessment) for strengthening their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the products and services provided by key players in the sleep apnea devices market. The analysis examines the sleep apnea devices market by product and end-user

- Product improvement/Innovative products: In-depth understanding on upcoming products, analysis and growth activities, and recent product launches in the sleep apnea devices market

- Industry development: Highlighted information about profitable emerging sectors. The market research examines the industries for sleep apnea devices across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the sleep apnea devices market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and distribution networks of the leading actors in the sleep apnea devices market

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