360 MARKET UPDATES Report provides a 360-degree overview of the global Sleep Apnea Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Sleep Apnea Market – Segmented by Diagnostic Devices, by Therapeutic Devices, and Geography – Growth, Trends, and Forecast (2018 – 2023)”
Global “Sleep Apnea Market” is expected to register a CAGR of approximately 7.5% during the forecast period of (2018 – 2023). Also, Sleep Apnea Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Sleep Apnea Analysis.
Sleep Apnea market Report provides a 360-degree overview of the global Sleep Apnea market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Sleep Apnea Market Report Covers Leading Manufacturers: Cadwell Laboratories Inc., MedTech, Fisher & Paykel Healthcare Limited, SleepScore, Invacare Corporation, Natus Medical Incorporated, Nihon Kohden Corporation, ResMed, Philips Healthcare
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The sleep apnea market is expected to witness a CAGR of 7.5% during the forecast period. North America dominates the global market due to the high incidence of Sleep-Disordered Breathing (SDB) in the USA.
Increasing Incidence of Sleep Apnea
It has been observed that one in every five adults have mild obstructive sleep apnea (OSA) and one in fifteen adults have moderate to severe obstructive sleep apnea (OSA). It has also been detected that 9% of middle-aged women and 25% of middle-aged men suffer from OSA, while 75% of severe sleep-disordered breathing (SDB) cases remain undiagnosed. The number of OSA patients is increasing with the aging population and growing levels of obesity. The prevalence of OSA is approximately 3% to 7% in adult men and 2% to 5% in adult women, in the general population. Additionally, up to 50% of the adult population are snorers, which is an indicator of the presence of OSA and a significant social problem. Thus, increasing incidence of the sleep apnea is fuelling the growth of the sleep apnea devices market.
Additionally, increasing awareness among the patient population in developing countries, favorable government initiatives, and upcoming technological advancements, are also driving the sleep apnea devices market.
High Cost of Devices
A sleep apnea diagnosis is usually based on sleep history and the results of a polysomnogram, an overnight sleep study that typically costs about $1,000-$3,000. The healthcare cost and utilization project put the average cost of operations on the nose, throat or mouth, at USD 10,219. Thus, high cost of these sleep devices is hindering the growth of the global sleep apnea devices market.
Additionally, availability of alternate methods for sleep apnea, is also restraining the growth of the global sleep apnea device market.
Europe Expected to Grow at High CAGR
North America dominates the global market due to the high incidence of sleep-disordered breathing (SDB) in the United States. The European region is projected to register the highest CAGR during the forecast period, due to the use of noninvasive and painless cardiorespiratory monitors that are used to assess the oxygen saturation level of arterial blood.
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Reasons to Purchase Sleep Apnea Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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