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.
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:
By Therapeutic Devices
On the basis of Therapeutic Devices, the global sleep apnea market is segmented as:
By End User
Based on the End-User, the global sleep apnea market can be defined into two categories:
On the basis of Region, the global sleep apnea market is segmented are as follows:
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.
The major key players in the global sleep apnea market are as follows :
Scope and Context
Overview of the Parent Market
Supply and Demand Risk
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
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