PUNE INDIA, Jan. 23, 2023 (GLOBE NEWSWIRE) — The market has been studied for North America, Europe, Asia, South America, and the Middle East and Africa for the segmentation and regional analysis described below. They are, sleep apnea device market It is operational and expected to expand soon.Manufacturers and suppliers involved in sleep apnea device market It exists in various countries in the above regions.
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This report offers an in-depth understanding of the market segments formed by combining various prospects such as products, diagnostic devices, and regions. Apart from this, key drivers, constraints, potential growth opportunities and market challenges are also discussed in the following paragraphs.
important players in the world sleep apnea device market ResMed, Fisher & Paykel Healthcare Limited, Philips Respironics, Invacare Corporation, Curative Medical, Inc., BMC Medical Co., Ltd., Somnetics International, Inc., SOMNOmedics GmbH, Natus Medical Incorporated, Itamar Medical Ltd., Compumedics Limited, Japan photoelectric, etc. In order to capture significant market share and consolidate its position in the global sleep apnea device market, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, partnerships, and joint ventures. I’m here.
Sleep apnea, also known as sleep apnea (SDB), occurs when the oxygen supply to the brain is interrupted during sleep. It is caused by airway obstruction, causing irregular breathing patterns, loud snoring, and frequent shortness of breath. ), bilevel positive airway pressure (BiPAP), and variable positive airway pressure (VPAP) machines are utilized. In addition, we treat mild to moderate sleep apnea using a variety of oral appliances such as mandibular advancement devices (MAD) and tongue retention devices. One of the major factors driving the market expansion is the rising incidence of obstructive sleep apnea (OSA), central sleep apnea, and complex sleep apnea syndromes. Due to the high prevalence of these problems among the elderly and those with comorbidities such as diabetes, hypertension and cardiovascular disease (CVD), product consumption is increasing in both developed and developing countries. . Product advances such as Out-of-Center (OOC) testing devices that examine respiratory, oximetry, and cardiovascular parameters to diagnose OSA are also important growth drivers.
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Scope of the Sleep Apnea Devices Market Report
|Market share unit||billion US dollars|
|Target segment||product, diagnostic device, region|
|Target area||North America, Europe, Asia Pacific, South America, Middle East, Africa|
|main player||ResMed, Fisher & Paykel Healthcare Limited, Phillips Respironics, Invacare Corporation, Curative Medical, Inc., BMC Medical Co., Ltd., Somnetics International, Inc., SOMNOmedics GmbH, Natus Medical Incorporated, Itamar Medical Ltd., Compumedics Limited, Japan Koden Corporation, etc.|
Therapeutic devices segment is expected to be the fastest growing segment in 2022.
The product segments are therapeutic devices, sleep apnea masks, and diagnostic devices. The therapeutic devices segment will witness the highest growth rate during the forecast period. Chin straps, nose, mouth, and compression devices are examples of therapeutic devices. Rising prevalence of OSA, increasing awareness of OSA, continued development of device technology, increasing government support and initiatives, and increasing disposable income are some of the major growth drivers.
The pulse oximeter segment is expected to be the fastest growing segment in 2022.
The diagnostic devices segment is pulse oximeters, polysomnography devices (PSG), and actigraphy devices. The pulse oximeter segment is expected to witness the highest growth rate during the forecast period. Pulse oximeters are widely used to measure blood oxygen saturation. They are utilized to continuously and non-invasively monitor blood oxygen saturation levels. Its simplicity has basically made it a regular tool in hospitals and other medical facilities. For both adults and children, obstructive sleep apnea is assessed and identified using pulse oximetry in a variety of ways. According to an article by Adam V. Benjafield in The Lancet Respiratory Medicine 2020, 425 million adults worldwide have moderate to severe obstructive sleep apnea (OSA), and 900 million 36 million adults have mild to severe OSA. Similarly, 50-60% of obese people and her MS patients are believed to have OSA as well.
Regional analysis provides an in-depth perception of major regions and countries. Key countries analyzed for sleep apnea devices include the United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia. will be .
- North America accounts for a large share. Due to the high prevalence of sleep-disordered breathing (SDB) and the growing elderly population in the region, the region is expected to experience strong growth both now and in the future. The United States dominates most of the North American market. For example, the National Institute of Medicine reported in 2020 that her prevalence of OSA in the United States could reach 14% for men and her 5% for women by that year. Hispanic, black, and Asian populations have higher percentages. Approximately 25 million people in the United States suffer from obstructive sleep apnea.
German Sleep Apnea Devices Market Valued at USD 830 Million in 2022, Expected to Reach USD 4.43 Billion by 2030, at a CAGR of 7.1% from 2023 to 2030 It has been. The market share of sleep apnea devices in the region is expected to grow as a result of increasing patient numbers, presence of foreign manufacturers, and growing public awareness of the condition. Additionally, as more people become aware of the health risks associated with this disorder, the number of diagnostic tests available to identify the presence of sleep apnea is increasing.
China Sleep Apnea Devices Market Size is Valued at USD 610 Million in 2022, Expected to Reach USD 3.84 Billion by 2030, at a CAGR of 6.2% from 2023 to 2030 It has been. The prevalence of sleep disorders is expected to rise as the average life expectancy of older people in this region increases.
India Sleep Apnea Devices Market Size is Valued at USD 540 Million in 2022 and is Expected to Reach USD 3.72 Billion by 2030, at a CAGR of 6.7% from 2023 to 2030 It has been. Due to lifestyle changes, increased obesity and high blood pressure, sleep apnea is becoming more common.
Impact of Covid-19
Covid-19 has had a major impact on almost every industry, including electronics, semiconductors, manufacturing, and automotive. However, several companies operating in the technology sector saw significant changes in consumer preferences for technology services, resulting in increased revenues. Additionally, the pandemic has resulted in significant growth in technology across developing and developed countries.
Moreover, the growth of the sleep apnea device market is mainly driven by the increasing geriatric population.
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