Sleep Apnea Devices Market

Overview:

Sleep apnea is a chronic illness that does not have a proper treatment procedure. However, the launch of innovative devices to treat this disease can eliminate or reduce the symptoms to the extent and helps the patient to lead happy lifestyle. People suffering with overweight or obesity will have higher symptoms due to this disease.  The major goal of the devices is to open airway of the person so that they can breathe properly at night that further promotes to sleep better. In recent times, the rising awareness among public through various platforms is substantially to elevate the growth rate of the market.

Drivers:

Huge support from the public and private sector through investments is solely driving the growth rate of the market. The rising prevalence of obesity related issues especially among women is gearing up to launch sleep apnea devices. According to the World Health Organization, 1 in 8 people are suffering with the obesity issue across the globe. The study in 2022 reported that more than 1 billion people in the world are now living with obese. Among these 40% of the women are having the obesity related issues that is straightly leading to the sleep apnea.

Also, according to the European Respiratory Society, 22% of females have moderate symptoms of sleep apnea whereas 6% have severe symptoms. Age, hypertension, and obesity are the major factors among females for the disease. Therefore, there is rising demand for the sleep apnea devices which is likely to promote the growth opportunities for the market in the coming years.

Restraints:

Lack of complete awareness over using sleep apnea devices especially in remote areas due to insufficient knowledge is likely to slow down the growth rate of the market. The devices made with highly advanced features do cost very high which are not affordable for the common people. This factor is expected to hinder the market’s growth. However, key companies are highly focusing on the launch of the devices at lower prices with the advanced features shall prominently expand the growth rate of the market.

Segment Analysis:

By Product

  • Positive Airway Pressure (PAP) Devices
    • CPAP Devices
    • APAP Devices
    • BPAP Devices
  • Facial Interfaces             
    • Masks
      • Nasal Masks
      • Nasal Pillow Masks
      • Full-Face Masks
  • Adaptive Servo-Ventilation Instruments (ASV)  
  • Airway Clearance Systems        
  • Oxygen Concentrators
    • Stationary Concentrators        
    • Portable Concentrators            
  • Accessories 
    • Pillows 
    • Chin Restraints            
    • Mask Cleaning Wipes
    • Other Accessories       
  • Oral Appliances
    • Mandibular Advancement Devices      
    • Tongue Retaining Devices   

The positive airway pressure (PAP) devices segment is leading with the dominant share of the market. CPAP devices is the sub segment that is having the largest growth rate of the market from past few years. It is one of the most common devices to treat sleep apnea by allowing mild air pressure to pass through the airways that makes the person to sleep peacefully. The rising risk factors due to heart related issues and other breathing problems can be treated well using CPAP which is gearing up for the growth rate of the market.

Facial interfaces segment is likely to hit the highest CAGR by the end of the forecast period. Key companies are making unique strategies to enhance the awareness among public to use sleep apnea devices which will contribute in surging the market’s growth rate.

By Diagnostic Devices

  • Polysomnography Devices        
    • Ambulatory PSG Devices         
    • Clinical PSG Devices   
  • Respiratory Polygraphs
  • Oximeters
    • Single-Channel Screening Devices (Pulse Oximeters)     
    • Fingertip Pulse Oximeters       
    • Handheld Pulse Oximeters      
    • Wrist-Worn Pulse Oximeters  
    • Tabletop Pulse Oximeters       
  • Actigraphy Systems 

Polysomnography devices segment is augmented in having the largest share of the market.  The growing prevalence of many chronic illnesses like heart diseas, cancer, obesity, and others is greatly to influence the growth rate of this segment. Many people who are suffering from chronic illnesses also face challenges in sleeping. These devices are highly accurate and gives complete analysis of the patient’s sleep cycles and stages. The healthcare provider can check the results and prescribe the treatment procedure respectively.

Oximeters segment is gaining huge traction over the growth rate of the market. Measuring oxygen saturation levels for every patient has become mandatory. These devices are simple, easy, and convenient to measure and give within a few seconds.

By End-User

  • Home Care Setting
  • Sleep Laboratories
  • Hospitals

The hospitals segment leads the largest share of the sleep apnea devices market, whereas the home care setting will hold the fastest growth rate by the end of the forecast period. Government support through reimbursement, especially for the people who live in rural areas, and rapid adoption of advanced technologies are majorly propelling the growth rate of the market. Telemedicine and other technologies in healthcare are prominently seeking high-quality treatment procedures for various diseases, which is highly to elevate the growth rate of the market.

Regional Analysis:

North America is leading with the dominant share of sleep apnea devices. The presence of number of hospitals with all the latest technologies and the increasing prominence to improve the treatment services at affordable prices are lucratively to surge the growth rate of the market.

High disposable income and willingness to spend huge amounts in healthcare are ascribed to bolster the growth rate of the market in North America.

Asia Pacific's sleep apnea devices market shall have the strongest growth opportunities throughout the forecast period. India and China are the most populous countries, and the demand for various healthcare facilities has been growing for many years.

Europe is attributed in leading the highest growth rate during the forecast period with the increasing focus on the research and development activities.