Global Sleep Apnea Devices Market, By Product Type (Diagnostic Devices (Polysomnographs, Pulse Oximeters, Polygraphs, Actygraph), Treatment Devices (PAP, Facial Interfaces, ASV, Airway Clearance Systems, Oxygen Concentrators, Oral Appliances, Accessories), By End-User (Hospitals, Home Healthcare, Sleep Clinics, Community Healthcare), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Global Sleep Apnea Devices Market is expected to reach USD 14,119.5 million by 2024 from USD 7,800.0 million in 2016, at a CAGR of 7.7% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Some of the major factors driving the market for sleep apnea devices market are increasing prevalence of sleep apnea, rising geriatric population, and changing lifestyle, rising acceptance of home healthcare, increasing awareness of health, rising prevalence of sleep disorder, improving diagnosis rates, introduction to new technologies which improves patient comfort, increasing healthcare spending, improving healthcare infrastructure, rising disposable income. On the other hand, high cost of treatment devices, high cost of treatment therapies, regulatory procedures, side effects of sleep apnea devices, cheap alternatives options for treatments, high competition in market, emerging companies may hinder the growth of the market.
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Market Definition: Global Sleep Apnea Devices Market
Sleep Apnea Devices is a permanent, non-contact and non-wearing bearing protection device. These are being installed in such equipment which has rotating parts.
It even helps in reducing the maintenance costs as well as even doubles the lifetime of the rotating equipment
Global Sleep Apnea Devices Market Segmentation:
The global sleep apnea device market is segmented on the basis of product type, end user and geography.
On the basis of type, sleep apnea device market is categorized into: diagnostic devices and therapeutic devices. In 2017, diagnostic devices segment is expected to dominate the market with 60.3% market share.
On the basis of product type, the diagnostic sleep apnea device market is segmented into polysomnography devices, respiratory polygraphs, pulse oximeters and actigraph systems. Polysomnograph segment is expected to dominate the market in future along with the highest growing CAGR of 10.3% in the forecast period.
On the basis of product type, the therapeutic sleep apnea devices are segmented into positive airway pressure devices (PAP), continuous positive airway pressure devices (CPAP), automatically adjusting positive airway pressure devices (APAP), masks, adaptive servo ventilation, airway clearance system, oxygen concentrators, oral appliances and accessories.
On the basis of end users, the global sleep apnea devices market is further segmented into hospitals, sleep clinics, community healthcare and home healthcare.In 2017, the hospitals segment dominates the global sleep apnea device market.
Key Drivers – Global Sleep Apnea Devices Market
Some of the major factors driving the market for sleep apnea devices market are technological advancement, increasing prevalence of sleep apnea, rising geriatric population, and changing lifestyle, rising acceptance of home healthcare, increasing awareness of health, changing lifestyles, increasing aging population, rising prevalence of sleep disorder, improving diagnosis rates, introduction to new technologies which improves patient comfort, increasing healthcare spending, improving healthcare infrastructure, rising disposable income.
- The advancement in the technologies and also increasing alternative options of devices for treatment of sleep apnea is adding to the driving factors of market.
- Increasing number of people suffering from sleep apnea helps in driving the market.
- Increased awareness of sleep related disorders and better technology to diagnose obstructive sleep apnea (OSA) will majorly help in driving the market.
Key Points – Global Sleep Apnea Devices Market
Koninklijke Philips N.V. dominated the sleep apnea devices market in 2016, followed by Natus Medical Incorporated, and Nihon Kohden along with others such as CareFusion Corporation, Curative Medical Inc., ResMed, Fisher and Paykel Healthcare Limited., SomnoMed, BMC Medical Co., Ltd., Compumedics Limited, NatusMedical Inc., DeVilbiss Healthcare, Global Medical Holdings, Itamar Medical Ltd., Weinmann Medical Technology, Cleveland Medical Devices Inc., SOMNOmedics GmbH, Deymed Diagnostic, NovaSom, and Medtronic.
- Globally diagnostic device is driving the market with highest market share along with the highest CAGR.
- Fingertip Pulse Oximeter is dominating the Pulse Oximeters Market.
- Hospitals segment is dominating the global sleep apnea devices market in 2016 and this segment is expected to grow at the highest CAGR in the forecast period.
TABLE OF CONTENTS
1.1. Overview Of Global Sleep Apnea Devices Market
1.2. Currency And Pricing
2. MARKET SEGMENTATION
2.1. Markets Covered
2.2. Geographic Scope
2.3. Years Considered For The Study
3. RESEARCH METHODOLOGY
3.1. Primary Interviews With Key Opinion Leaders
3.2. Secondary Sources
4. MARKET OVERVIEW
5. EXECUTIVE SUMMARY
6. PREMIUM INSIGHTS
7. GLOBAL SLEEP APNEA DEVICE MARKET, BY PRODUCT TYPE
7.2. Diagnostic Sleep Apnea Devices
7.3. Therapeutic Sleep Apnea Devices
8. GLOBAL SLEEP APNEA DEVICE MARKET, BY END USER
9. GLOBAL SLEEP APNEA DEVICES MARKET, BY GEOGRAPHY
9.2. North America Sleep Apnea Devices Market
9.3. Europe Sleep Apnea Devices Market
10. GLOBAL SLEEP APNEA DEVICES MARKET, COMPANY SHARE
10.1. Company Share Analysis: Global Polysomnography (Psg) Devices Market
10.2. Company Share Analysis: Global Sleep Apnea Therapeutics Market
10.3. Company Share Analysis: North America Sleep Apnea Therapeutics Market
11. COMPANY PROFILES
11.1. Becton, Dickinson And Company
11.2. Compumedics Limited
11.3. Natus Medical Incorporated
11.4. Koninklijke Philips N.V.
11.6. Fisher And Paykel Healthcare Limited.
11.8. Devilbiss Healthcare Llc
11.9. Heinen + Lowenstein Gmbh & Co.Kg
11.10. Neurovirtual/ Sleepvirtual
11.11. Nox Medical
11.13. Contec Medical Systems Co., Ltd.
11.14. Custo Med Gmbh
11.15. Medicom Mtd Ltd.
11.16. Ambulatory Monitoring, Inc.
11.17. Bmc Medical Co, Ltd.
11.18. Lowenstein Medical Gmbh + Co. Kg
11.19. Ergoline Gmbh
11.20. Ncc Medical Co., Ltd
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