Wilmington, Delaware, United States, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. –In 2020, the sleep apnea devices market size stood at US$ 7 Bn. The global market is expected to rise at 8.5% CAGR during the forecast period, from 2021 to 2028. It is predicted that by 2028, the global sleep apnea devices market will touch value of US$ 14.7 Bn. In order to compete in the global market for sleep apnea devices, leading players are anticipated to obtain regulatory clearances, introduce advanced technologies, and enter into merger and cooperation agreements with other businesses. Demand and analysis of sleep apnea devices market highlights that these tactics are anticipated to assist in the development and innovation of sleep apnea devices.
BiPAP (Bilevel Positive Airway Pressure) devices are commonly utilized to manage sleep apnea or COPD. However, in order to expand their business, sleep apnea devices makers are innovating in 3D printed parts that are utilized to transform BiPAP machines into ventilators. This is anticipated to be one of the key sleep apnea devices market trends. Firms are forging partnerships to offer obstructive sleep apnea (OSA) treatment solutions to the US clients directly through sleep clinics. They are developing flexible oral appliance therapy devices that have the ability to replace CPAP (continuous positive airway pressure) therapy in the US. The growth of sleep apnea devices market is predicted to be driven by these advances throughout the forecasted period.
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Key Findings of Market Report
- If OSA, which makes up most of the cases, is not treated, it can result in high blood pressure and a number of cardiovascular issues. Due to continuous sleepiness that OSA patients suffer from before their condition is detected and treated, it has been related to depression, type 2 diabetes, and a number of heavy machinery and traffic accidents. In order to boost supply of machines, med-tech businesses in the global sleep apnea devices market are expected to seize this opportunity to enhance production capabilities.
- The incidence of sleep apnea is rising, and one of the main risk factors for the condition is obesity. For med-tech businesses operating in the sleep apnea devices market, these developments are translating into revenue potential.
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Global Sleep Apnea Devices Market: Key Competitors
- Fisher & Paykel Healthcare Limited
- BMC Medical Co., Ltd.
- Koninklijke Philips N.V
- Braebon Medical Corporation
- Oventus Medical
- Devilbiss Healthcare LLC
Global Sleep Apnea Devices Market: Segmentation
Diagnostic Device
- Actigraphy Systems
- Polysomnography (PSG) Devices
- Respiratory Polygraph
- Single-Channel Screening Devices (Pulse Oximeters)
Therapeutic Device
- Airway Clearance Systems
- Adaptive Servo-Ventilation (ASV)
- Positive Airway Pressure (PAP) Devices
- Oral Appliances
- Oxygen Devices
- Others
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