Sleep Apnea Devices Market Is Witnessing Significant Growth Due To Increasing Prevalence Of Sleep Apnea In Co-Morbidities Till 2022
Global sleep apnea devices market is expected to reach
over USD 7,991.2 Million by 2022 according to a new report by Grand View
Research Inc. Technological advancements pertaining to the development of novel
PAP devices and PAP masks which are portable, highly efficient and are easy to
use is expected to positively reinforce market growth.
The
U.S. has one of the highest numbers of people suffering from sleep apnea. In
2014, as per the National Sleep Foundation, more than 18 million adults across
different age groups have sleep apnea and nearly two to three percent cases are
related to childhood OSA and the numbers are much higher in children with
habitual snoring. The increasing prevalence of sleep apnea in co-morbidities
and subsequent increase in the diagnosis and treatment rate is a major factor
expected to boost the product sales over the next seven years.
The
most common conditions associated with this disorder include respiratory
diseases, stroke, atrial fibrillation, coronary artery disease, congestive
heart failure, hypertension, obesity and type II diabetes. The conditions such
as COPD, asthma, and other respiratory disorders are significantly contributing
to the growth in the number of obstructive sleep apnea (OSA) cases. Key reasons
attributing to the aforementioned medical condition include obesity, rising air
pollution levels, and life style factors such as smoking, substance abuse and
lack of early stage diagnosis. As per data published by theAmerican Thoracic
Society (ATS), nearly 50% of the patients reported a significant disturbance in
sleep quality and quality of life. The patients suffering from COPD are
reported to have the higher chances of daytime sleepiness, insomnia and
nightmares compared to the general population.
The
sleep apnea devices market is expected to increase at a rapid pace over the
forecast period an account of high prevalence of sleep apnea in geriatric
population coupled with increasing instances of sleep apnea in
co-morbidities.
On
the basis of product, the market is segmented as therapeutics and diagnostics
devices. In terms of revenues, the therapeutics segment accounted for the
maximum share of over 47% and in terms of volumes, this segment accounted for
over 63% respectively. The therapeutics devices segment is expected to continue
its strong growth with a CAGR of 9.2% for revenues and a CAGR of 10.7% for
volumes over the forecast period.
Furthermore,
the rise in demand for CPAP, BiPAP, APAP devices, oral appliances and CPAP
masks such as the full face masks, nasal masks, and other products is expected
to provide lucrative opportunities for the market expansion over the forecast
period.
Browse full
research report on Sleep Apnea Devices Market: www.grandviewresearch.com/industry-analysis/sleep-apnea-devices-market
Further key
findings from the study suggest:
- In 2014, North America dominated the sleep
apnea devices market with the maximum volume share of 37%. The presence of
advanced healthcare infrastructure, reimbursement structure, high
prevalence and treatment rates for sleep disorders and COPD and the significant
rise in geriatric population are amongst the key reasons for the high
share.
- The Asia pacific sleep apnea devices market is
expected to be the fastest growing region with a CAGR of 10.9% in terms
volume for the next seven years. Rising geriatric population, high target
disease prevalence rates, deteriorating life style and sleep patterns are
expected to act as high impact drivers for the market growth in this
region. Moreover, increasing awareness about sleep disorders and the
establishment of several sleep testing labs and service centers is
expected to boost the usage rates over the forecast period.
- Key market players include ResMed, Phillips
Healthcare, ImThera Medical Inc., Invacare Corporation, BMC Medical
Co.Ltd., Compumedics Limited, GE Healthcare, Braebon Medical Corporation,
Fisher & Paykel Healthcare, Nihon Kohden, Cadwell Laboratories, and
Curative Medical Inc.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the Sleep Apnea Devices market on the
basis of product, technology, application, test location, and region:
Sleep Apnea
Devices Market Product Outlook, by Revenue (USD Million, 2015 - 2022)
- Sleep
Apnea Therapeutic Devices
- Diagnostic
Devices
Sleep Apnea
Therapeutic Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)
- Airway
Clearance Systems
- Adaptive
Servo-Ventilation Systems
- Positive
Airway Pressure (PAP) device
- Oral
Appliances
- Oxygen Devices
- Other
Devices
Sleep Apnea
Positive Airway Pressure Devices Market Outlook, by Revenue (USD Million, 2015
- 2022)
- Bilevel
Positive Airway Pressure (BiPAP)
- Continuous
Positive Airway Pressure (CPAP)
- Automatic
Positive Airway Pressure (APAP) device
Sleep Apnea
Other Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)
- Masks
- Tubes
- Humidifiers
- Filters
Sleep Apnea
Masks Market Outlook, by Revenue (USD Million, 2015 - 2022)
- Full
Face Masks
- Nasal
Masks
- Nasal
Pillows
- Nasal
Prongs
- Oral
Masks
Sleep Apnea
Diagnostic Devices Market Outlook, by Revenue (USD Million, 2015 - 2022)
- Actigraphy
Systems
- Polysomnography
(PSG) device
- Respiratory
polygraphs
- Single-channel
screening devices pulse oximeters
Sleep Apnea
Market Volume, by Product, 2012 - 2020 (000’units)
- Sleep
ApneaTherapeutic Devices
- Diagnostic
Devices
Sleep
Apnea TherapeuticDevicesMarket Volume, by Product, 2012 - 2020 (000’units)
- Airway
Clearance Systems
- Adaptive
Servo-Ventilation Systems
- Positive
Airway Pressure (PAP) device
- Oral
Appliances
- Oxygen
Devices
- Other
Devices
Sleep
Apnea Positive Airway Pressure (PAP) deviceMarket Volume, by Product, 2012
- 2020 (000’units)
- Bilevel
Positive Airway Pressure (BiPAP)
- Continuous
Positive Airway Pressure (CPAP)
- Automatic
Positive Airway Pressure (APAP) device
Sleep Apnea
Other Devices Market Outlook, by Product, 2012 - 2020 (000’units)
- Masks
- Tubes
- Humidifiers
- Filters
Sleep Apnea
Masks Market Volume, by Product, 2012 - 2020 (000’units)
- Full
Face Masks
- Nasal
Masks
- Nasal
Pillows
- Nasal
Prongs
- Oral
Masks
Sleep Apnea
Diagnostics Sleep Apnea Devices Market Volume, by Product, 2012 - 2020
(000’units)
- Actigraphy
Systems
- Polysomnography
(PSG) device
- Respiratory
polygraphs
- Single-channel
screening devices pulse oximeters
Sleep Apnea
Therapeutics Sleep Apnea Devices Market ASP, by Product, 2012 - 2020 (USD/Unit)
- Airway
Clearance Systems
- Adaptive
Servo-Ventilation Systems
- Positive
Airway Pressure (PAP) device
- Oral
Appliances
- Oxygen
Devices
- Other
Devices
Sleep Apnea
Other Sleep Apnea Devices Market ASP, by Product, 2012 - 2020 (USD/Unit)
- Bilevel
Positive Airway Pressure (BiPAP)
- Continuous
Positive Airway Pressure (CPAP)
- Automatic
Positive Airway Pressure (APAP) device
Sleep Apnea
Other Devices Market ASP, by Product, 2012 - 2020 (USD/Unit
- Masks
- Tubes
- Humidifiers
- Filters
Sleep Apnea
Masks Market ASP, by Product, 2012 - 2020 (USD/Unit)
- Full
Face Masks
- Nasal
Masks
- Nasal
Pillows
- Nasal
Prongs
- Oral
Masks
Sleep Apnea
Diagnostics Sleep Apnea Devices Market ASP, by product, 2012 - 2020 (USD/Unit)
- Actigraphy
Systems
- Polysomnography
(PSG) device
- Respiratory
polygraphs
- Single-channel
screening devices pulse oximeters
Sleep Apnea
Devices Market Regional Outlook, by Revenue (USD Million, 2015 - 2022)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia
Pacific
- Japan
- China
- India
- Australia
- RoW
- Brazil
Sleep Apnea
Devices Market Regional Outlook, by Volume, by Product, 2012 - 2020
(000’units)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia
Pacific
- Japan
- China
- India
- Australia
- RoW
- Brazil
Sleep Apnea
Therapeutics Sleep Apnea Devices Regional Outlook, by Market ASP, by
Product, 2012 - 2020 (USD/Unit)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia
Pacific
- Japan
- China
- India
- Australia
- RoW
- Brazil
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-sleep-apnea-devices-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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