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Sleep Apnea Devices Market by Type, End User - Global Forecasts to 2023

Sleep Apnea Devices Market: Global Forecasts until 2023

  • April 2018
  • 228 pages
  • ID: 4604345
In this report:
The global sleep apnea devices market is expected to register a CAGR of ##.##% during the forecast period to reach USD ##.## billion by 2023 from an estimated USD ##.## billion in 2018.
The prevalence of noncommunicable diseases, including CVD, cancer, diabetes, and obesity, is expected to increase in the Middle East; these diseases are estimated to account for ##% of the disease burden across the Middle East by 2020 (Source: WHO).

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The sleep apnea devices market is estimated to rise at a compound annual growth rate of 7.80 percent.

The sleep apnea devices market is estimated to grow ~$6.5B by 2023 from an estimated ~$4.4B in 2018. The main influencing factors driving the increase of this market are growing patient pool for sleep apnea on account of rising obesity globally, improving patient compliance owing to stringent reimbursement regulations, and growing home sleep testing as well as initiatives to rise appreciation globally. Nevertheless, complex referral pathways and long waiting periods are likely to restrain industry growth in the outlook period.

The therapeutic devices segment to lead the sleep apnea devices market during the estimate period

On the basis of class, the sleep apnea devices market is divided into therapeutic and diagnostic devices.The therapeutic devices segment recorded for the biggest share of the overall sleep apnea market.

This industry segment is also anticipated to register the maximal CAGR (Compound annual growth rate) from 2018 to 2023.The significant share and high increase of this segment can be accredited to the rising prevalence of sleep apnea globally and also the high rise of therapeutic oral appliances for sleep apnea.

Furthermore, the PAP devices segment recorded for the most important share of the therapeutic devices market in 2018 due to the technological advancements that have made these devices compact, comfortable, and easy to use to ensure better patient compliance and is anticipated to ensure steady increase for the PAP devices market in the next years.

The home care/individuals segment is anticipated to be the quickest increasing end-user segment

Established on end-user, the sleep apnea devices market is broken down into sleep laboratories & hospitals and home care/individuals.The home care/individuals segment is forecasted to grow at the maximal compound annual growth rate (CAGR) during the outlook period.

This can be connected to the preference for home care in sleep apnea diagnosed patients.

In 2017, North America continent controled the sleep apnea devices market and Asia-Pac (APAC) is expected to grow at the highest CAGR (Compound annual growth rate) during the estimate period

The sleep apnea devices market is detached into four main regions- North America, EU, APAC, and the Rest of the globe.North America (NA) recorded for the biggest share of the sleep apnea devices market.

The key factors providing to the important share of this segment contain growing sleep apnea prevalence, high rise of the home sleep testing devices, issuance of grants and funds by private and government institutions to foster awareness of sleep apnea as well as launch novel and technologically advanced products in the market space.

Asia-Pac is projected to register the highest compound annual growth rate (CAGR) during the outlook period. The main factors driving the increase of this regional segment contain rising prevalence of sleep apnea disorders, the big undiagnosed pool in countries such as india (IN), and initiatives by the government & other private organizations to raise awareness regarding sleep disorders.

Break of primary members taking part was as mentioned below:

• By Company category - Tier 1: 40.0 percent, Tier 2: 55.0 percent, and Tier 3: 5.0 percent

• By Description - C-suite: 48.0 percent, D-level: 37.0 percent, Others: 15.0 percent

• By Area - North America continent: 56.0 percent, Europe (EU): 20.0 percent, Asia Pacific (APAC): 17.0 percent, RoW: 7.0 percent

The main market players in the sleep apnea devices market contain ResMed, Incorporated, Koninklijke Philips, and Fisher & Paykel Healthcare Ltd..

Segment Research

The industry report examines the sector and aims at estimating the market value and the future increase potential of this market established on different segments including type, final user, and area. The study also comprises the competitive landscape of the top actors in this sector together with their company descriptions, product offerings, latest developments, and key industries strategies.

Reasons to Buy the Report

The analysis will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which, in turn, would benefit them collect a larger market share. Companies obtaining the market research could use any one or a combination of the below-mentioned strategies.

This industry report offers business insights on these pointers:

• Market Uptake: Exhaustive data on products and services provided by the top actors in the overall sleep apnea devices market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and launches of new product in the sleep apnea devices market

• Market Development: Highlighted information about the profitable emerging sectors by category, end-user, and area

• industry diversification: Complete information about recent products or products consolidations, increasing geographies, recent evolutions, and market investments in the overall sleep apnea devices market

• opposing assessment: Detailed assessment of market shares, increase strategies, and products of leading actors in the overall market

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