Sleep Apnea Devices Market Trends

Growth Drivers

• An aging population and rising prevalence of obesity: With an aging population, the demand for sleep apnea devices is likely to increase as a higher prevalence of sleep apnea is noticed among older people. As per the report by the WHO, the count of individuals aged 60 and older is expected to surge to 1.4 billion by 2030 from 1.1 billion in 2023.  Along with an aging population, people with obesity are at high risk of suffering from sleep apnea. As per the report of the World Obesity Federation, 1.13 billion people are expected to live with obesity by 2030. Therefore, the rising prevalence of obesity worldwide is expected to accelerate the demand for sleep apnea devices.
• Growth in patient-centric solutions and devices: The demand for wearable, connected, and portable sleep apnea devices is expected to increase due to the rising availability of patient-centric solutions and devices that value the needs and comfort of users. Companies are also investing in the development of the discussed types of patient-centric sleep apnea devices. As per the report by the American Academy of Sleep Medicine, published in September 2024, Huxley Medical received FDA approval for SANSA in July 2024. SANSA is a chest-worn sleep apnea diagnostic patch, offering comfortable and personalized therapeutic and diagnostic experiences for sleep apnea.
• Rising awareness and early diagnosis: The rising awareness of the health consequences of sleep apnea is leading people to earlier diagnosis. Several initiatives, including plans to organize relevant programs and implement suitable policies, have been taken by regulatory bodies globally to increase awareness of sleep apnea. In March 2024, several global players in the sleep apnea market initiated the French Federation of Associations and Friends of Patients, Insufficient of Disabled Respiratory. The campaign aims to raise awareness of sleep apnea among the population and the Ministries of Health across all continents, reducing stigma associated with the health issue, and establishing a global alliance encompassing relevant stakeholders. The promotion of the health issue is likely to influence a rise in purchases of sleep apnea devices for early diagnosis.

Challenges

• High cost of sleep apnea devices: Sleep apnea devices are costly in the majority of countries due to the high prices of the advanced technologies, recurring accessories, skilled labor, and research and development required in the development phase. This is reducing the affordability of sleep apnea devices in low-income countries. The high costs of producing sleep apnea devices influence high initial investment to establish relevant businesses. This is obstructing the entry of new players in the market and hampering the overall market growth.
• Poor patient compliance with continuous positive airway pressure (CPAP) devices: Patients using CPAP are not able to comply with CPAP devices, hampering the overall effectiveness of the treatment that includes the use of sleep apnea devices. Patients are often under stress and discomfort during using certain sleep apnea devices. CPAP devices are often proven ineffective caused to poor handling. Failure of devices to function properly is also taking place, caused by a lack of maintenance. Poor compatibility of the CPAP devices is another factor hampering the market growth.