Sleep Apnea Devices Market to 2025 - Global Analysis and Forecasts by Diagnostics Devices, Therapeutic Devices and End-Users

In our study, we have segmented the sleep apnea devices market by diagnostics devices, therapeutic devices and end-users. On the basis of diagnostic devices, the global sleep apnea devices market is segmented as polysomnography devices, respiratory polygraphs, actigraphy systems and single-channel screening devices. The polysomnography devices segment has the largest market share among the type segment. On the basis of therapeutic devices, the sleep apnea devices market is segmented into facial interfaces, Adaptive Servo-Ventilation Instruments (ASV), Positive Airway Pressure (PAP) Devices, oxygen concentrators, airway clearance systems, oral appliances and accessories. Positive Airway Pressure (PAP) devices has the largest market share among the therapeutic device segment. On the basis of end user, global sleep apnea devices market is segmented into hospitals and home.

The sleep apnea devices market is estimated to account for US$ 8,305.3 Mn by the end of 2025, escalating at a CAGR of 7.9% during the forecast period from 2018 to 2025, rising from US$ 4,607.9 Mn in 2017.

The growth of sleep apnea devices market is attributed to the increased usage of oral device. Additionally, technological developments increase the market growth. For instance, in May 2017, Fisher & Paykel launched the advanced F&P SleepStyle CPAP Device which are developed for the usage in the diagnosis and treatment of sleep specialists and obstructive sleep apnea or OSA patients. Additionally, rising geriatric population is another factor driving the growth of the market.

Strategic approaches by major players such as geographical expansion, new product launch, partnership, and collaboration in the market also accelerates the market growth. In October, 2017, ResMed presents AirFit N20 Classic nasal mask CPAP treatment at Europe region to provide patients with several options for a stable mask seal with comfortable night sleep.

The market for sleep apnea devices has witnessed remarkable growth opportunities in North America. Factors such as increasing focus of market players in the US and Canada, new product developments by key players in the market and rising prevalence of sleep apnea in the US is likely to boost the growth of Sleep Apnea Devices market in North America.

The market for sleep apnea devices consists of well-recognized organizations as well as emerging companies namely; RedMed, Koninklijke Philips N.V., Fisher & Paykel, Braebon Medical Corporation, Compumedics Limited, BMC Medical Co., Ltd., Fisher & Paykel Healthcare Limited, SomnoMed Limited, Weinmann Emergency Medical Technology GmbH + CO. KG, Devilbiss Healthcare LLC and others.