Global Sleep Apnea Devices Market Size 2024, Forecast To 2033
6 Mar, 2024
The sleep apnea devices market has witnessed strong growth, increasing from $7.66 billion in 2023 to $8.16 billion in 2024, marking a compound annual growth rate (CAGR) of 6.6%. The substantial growth in the historical period is attributed to factors such as the aging population, the obesity epidemic, increased recognition of comorbidities, the globalization of sleep apnea awareness, and the prevalence of sleep apnea. Expecting strong growth in the next few years, the market is projected to reach $10.81 billion in 2028 at a CAGR of 7.3%. The growth in the forecast period is linked to advancements in home sleep testing, personalized treatment approaches, the increasing adoption of oral appliances, a focus on pediatric sleep apnea, improvements in patient compliance, and the exploration of emerging markets and increased access. Key trends during this forecast period include telemedicine and remote monitoring, the development of portable and travel-friendly devices, the integration of wearable technologies, customization and personalization of therapies, and ongoing research in implantable devices.
Global Sleep Apnea Devices Market Key Driver
The rising prevalence of sleep apnea disorders is poised to drive the growth of the sleep apnea devices market. Sleep apnea, characterized by frequent breathing pauses and starts during sleep, is a potentially life-threatening sleep problem. Sleep apnea devices play a crucial role in treating these disorders and preventing sleep disturbances. The devices continuously pump pressurized air into a sleep mask through tubing, preventing the patient's airways from collapsing. According to the American Medical Association (AMA), 30 million people in the US suffered from sleep apnea in April 2022, with 6.62 percent of all Americans experiencing some form of sleep apnea. With around 30 percent reporting symptoms, the growing prevalence of sleep apnea disorders is a significant driver behind the growth of the sleep apnea devices market, with market sizes reflecting values for 2023, 2024, and 2028.
Get A Free Sample Of The Global Sleep Apnea Devices Market ReportGlobal Sleep Apnea Devices Market Segments
The sleep apnea devices market covered in this report is segmented –
1) By Product Type: Airway Clearance System, Adaptive Servo-Ventilation (ASV), Positive Airway Pressure (PAP) Devices, Oral Appliances, Oxygen Devices, Sleep Screening Devices, Actigraphy Systems, Polysomnography (PSG) Device, Respiratory Polygraph
2) By Patient Type: Pediatric, Adult, Geriatric
3) By Disease: Obstructive Sleep Apnea Syndrome, Central Sleep Apnea Syndrome, Complex Sleep Apnea Syndrome
4) By End User: Hospital And Clinics, Diagnostic Centers, Ambulatory Care Centers, Specialty Care Center, Home Healthcare
By Geography:The regions covered in the sleep apnea devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the sleep apnea devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global sleep apnea devices market during the forecast period. The regions covered in the sleep apnea devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Sleep Apnea Devices Industry Players
ResMed Inc., Fisher And Paykel Healthcare Corporation Limited, Natus Medical Incorporated, Compumedics Limited, Somnoware Healthcare Systems Inc., DeVilbiss Healthcare LLC, Braebon Medical Corporation, Koninklijke Philips N.V., BMC Medical Co. Ltd., Lowenstein Medical Technology GmbH Co. KG, Nihon Kohden Corporation, Invacare Corporation, Cadwell Industries Inc., Oventus Medical Ltd., Inspire Medical Systems Inc., Itamar Medical Ltd., APEX Medical Corp., Drive DeVilbiss Healthcare, 3B Medical Inc., Airing LLC, Airway Management Inc., Bleep LLC, Circadiance LLC, GE Healthcare, HOFFRICHTER GmbH, Human Design Medical LLC, ImThera Medical Inc., Provent Sleep Therapy LLC, Resonea Inc., Sleepnet Corporation
Get The Full Global Sleep Apnea Devices Market Report
Sleep Apnea Devices Market Overview
Sleep apnea devices refer to continuous positive airway pressure (CPAP) equipment that can stop snoring and prevent sleep apnea. In order to keep upper airway passages, open and avoid snoring and sleep apnea, a CPAP machine applies exactly the right amount of air pressure to a mask.
Sleep Apnea Devices Global Market Report 2023 provides data on the global sleep apnea devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sleep apnea devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.