Obstructive Sleep Apnea Drugs Market Demand And Growth Analysis 2022-28
The global obstructive sleep apnea drugs market size was valued at USD 9,153.7 million in 2021 and is poised to grow at a significant CAGR of 3.7% during the forecast period 2022-28. Sleep apnea is a sleeping disorder that is characterized by uneven breathing, which deprives the brain of oxygen. In addition, the sleep apnea devices market is expected to face challenges in the forecast period due to a lack of patient compliance. As a result of the virus's negative influence on sleep apnea sufferers, demand for and manufacture of sleep apnea devices also including masks, sleep ventilators, and positive airway pressure devices increased.
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During the forecast period, technological advancements are expected to take the sleep apnea devices market forward. Oral appliances, oxygen equipment, and actigraphy systems have all improved the treatment outcome as well as success rate for sleep problems. Industry companies are concentrating their efforts on research and development in order to develop new technologies. For example, ResMed introduced AirMini, the world's smallest PAP device that connects to AirView's remote patient monitoring platform. Patients can view their information on their phones using this device. As a result, the deployment of such cutting-edge gadgets will propel market expansion in the future years. On the other hand, market growth is projected to be hampered by the high cost of CPAP equipment, as well as complex referral processes, long waiting periods, as well as concerns about product recalls.
The global obstructive sleep apnea (osa) drugs market segmentation:
1) By Drugs: CNS stimulants, Benzodiazepines, Hypnotics.
2) Distribution channel: Hospital pharmacies, Retail Pharmacies, Online Pharmacies.
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Owing to the high frequency of respiratory problems in the region, North America leads the sleep apnea devices market. The ageing population and rising prevalence of lifestyle illnesses in Asia-Pacific (APAC) are likely to drive substantial growth over the forecast period.
The obstructive sleep apnea drugs market key players are Biogen, Inc (U.S). Pfizer, Inc. (U.s) Johnson & Johnson Services, Inc. (U.S) Otsuka America Pharmaceutical, Inc. (U.S) Eli Lilly & Company (U.S) Merck & Co., Inc. (U.S) AstraZeneca (UK) Novartis AG (Switzerland) Teva Pharmaceutical Industries Ltd.(Israel) Shire Plc. (Ireland)
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