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Sleep apnea device market to expand at a CAGR of 7.7% during 2016-2023

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Rising Utilization of Therapeutic Device to Intensify the Growth of Global Sleep Apnea Device Market, according to our research report Global Sleep Apnea Device Market Outlook 2023.

Global sleep apnea device market is segmented into therapeutic devices. Among this segment, PAP (positive airway pressure) device segment contributed the highest share in the total revenue of global sleep apnea market in 2015. Increasing presence of large number of geriatric population across the globe is expected to impel the growth of the segment over the period 2016-2023. The global sleep apnea device market is expected to register a CAGR of 7.7% over the forecast period i.e.2016-2023. The market of sleep apnea device is expected to have a positive outlook during the forecast period. Increasing awareness related to bad effects of sleep apnea along with higher usage of oral appliances is expected to intensify the market growth till 2023.

North-America is expected to showcase a tremendous growth in the sleep apnea device market across the globe in near future. The presence of advanced medical facilities coupled with increase number of sleep apnea patients in the region is anticipated to foster the demand for sleep apnea device in the region over the period 2016-2023.

Personal disposable income to impel growth in Asia:

Increasing health consciousness along with rising personal disposable income in developing countries such as China and India is anticipated to impel the growth of sleep apnea device market in Asia region over the next few years. The rising numbers of people with sleep disorders in the developing countries is expected to increase the demand for the device over the forecast period.

North America to be the dominant region:

The improper lifestyle prevailing in the region along with high obesity rate has impelled the demand for sleep apnea device in the region over the past few years. Besides this, the enhanced reimbursement scenario in the region is likely to contribute for the highest share of the region in the overall sleep apnea market till 2023.

The report titled “Global Sleep Apnea Device Market Outlook 2023” delivers detailed overview of the global sleep apnea device market in terms of market segmentation by Diagnostic Device, by Therapeutic Device, by End User and by Region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global sleep apnea device market which includes company profiling of ResMed, Philips Electronics, Paykel, Fisher, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the global sleep apnea device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stake holders to align their market centric strategies according to the ongoing and expected trends in the future.

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