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Sleep Apnea Device Market : Global Demand Analysis & Opportunity Outlook 2021

Published On : 12:58 AM, 2nd November, 2017 REP-ID-183 Category: Healthcare

Global Sleep Apnea Market Overview

Sleep apnea is a common condition that occurs when a person's breathing is intermittent through sleep. Sleep apnea is a lingering condition and often mainly goes undiagnosed. In 2015, global sleep apnea market size was valued at USD 3.9 Billion and projected to grow at the CAGR of 7.7% during 2015-2021 to reach USD 5.5 Billion over the forecast period. 

                     Sleep Apnea Device Market

North America is the major market in the global sleep apnea devices market, with a market share of 62.3% in the year 2015 and it is anticipated to rise over the period 2015-2021. Further, Europe sleep apnea market is the second largest market owing to the growing usage of therapeutic devices and existence of well-equipped sleep laboratories. The market is estimated to grow over the forecasted period. On the other hand, Asia sleep apnea market  is projected to be the fastest growing market it is anticipated to grow at a CAGR of 19.3% during the forecast period of 2015 to 2021.

Demand & Growth Analysis By Market Segmentation

By Diagnostic Devices

Based on the diagnostic device, the global sleep apnea market has been studied on devices like:

  • Respiratory Polygraph
  • Polysomnography (PSG) Device
  • Actigraphy Systems
  • Single-Channel Screening Devices (Pulse Oximeters)

By Therapeutic Devices

On the basis of Therapeutic Devices, the global sleep apnea market is segmented as:

  • Adaptive Servo-Ventilation (ASV)
  • Airway Clearance Systems
  • Positive Airway Pressure (PAP) Device
  • Oxygen Devices
  • Oral Appliances
  • Others

By End User

Based on the End-User, the global sleep apnea market can be defined into two categories:

  • Sleep Laboratories and Hospitals
  • Home Care Settings

By Region

On the basis of Region, the global sleep apnea market is segmented are as follows:

  • North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
  • Rest of World  Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

On the back of health disorders like type obesity type II, stroke, coronary artery disease, congestive heart failure, hypertension, and atrial fibrillation, the sleep apnea market is poised to grow at a tremendous rate in near future. Globally, the change in lifestyle has made people to suffer from sleep disorders and this situation would get worsen in near future.

In addition to that, rising awareness about health and personal disposable income across the world is also expected to drive the growth of global sleep apnea market.

However, high cost associated with devices, lack of knowledge amongst the users, and scanty presence of sleep apnea labs would appear as the major challenge in the growth of sleep apnea device market.

Key Players

The major key players in the global sleep apnea market are as follows :

  • Philips Healthcare
  • Cadwell Laboratories Inc.
  • GE Healthcare
  • CareFusion Corporation
  • ResMed Inc.
  • BMC Medical Co., Ltd.
  • Fisher & Paykel Healthcare Limited
  • SomnoMed Ltd.
  • Compumedics Limited
  • Invacare Corporation

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

By Regions

  • North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
  • Rest of World  Market Size and Y-O-Y Growth Analysis

Market Dynamics

Supply and Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                  Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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