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Global sleep apnea devices market expected to reach USD 14,119.5 million at 7.7% CAGR till 2024 scrutinized in new research

Global sleep apnea devices market expected to reach USD 14,119.5 million at 7.7% CAGR till 2024 scrutinized in new research

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 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.

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This report consists of below pages:

  • No of pages: 400
  • No of Figures: 20
  • No of Tables: 341

The global sleep apnea devices market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Resmed dominated the sleep apnea devices market accounting for a highest market share in 2016, followed by Philips Respironics, and Fisher Paykel, Somnetics, Inc.

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Other players in this market include Somnetics, Inc., Apex Medical, DeVilbiss and SomnoMedSomnetics International, Inc, Nox Medical, Natus Medical, SomnoMedics GmbH, Philips Respironics and Cadwell Industries, Inc., Nihon Kohden, Compumedics Limited.(Australia), Contec Medical System Co.Ltd.(China) and Becton Dickinson & Company (Carefusion) among others holds 29.7% of the global sleep apnea devices market in 2016.

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RESMED:

ResMed was founded in 1989 and is headquartered at California, USA. It focuses on manufacturing devices that can be used for diagnosing, treating and managing sleep apnea, chronic obstructive pulmonary disease (COPD) and other chronic diseases.

Recent developments:

In January, 2017, ResMed launched Sleep Score Labs is a joint venture between renowned surgeon and television host Dr. Mehmet Oz; ResMed, the global leader in medical devices and digital connected care; and private equity firm Pegasus Capital Advisors, L.P., which invests in companies focused on sustainability and wellness.

In November, 2016, ResMed introduced two masks named the AirFit N20 nasal mask and AirFit F20 full face mask for positive airway pressure (PAP) treatment of sleep apnea. The masks are innovatively designed to improve mask fit, comfort and ease of use, the new-generation ResMed masks are the result of more than three years of research and development.

In November, 2016, ResMed announced two enhancements to AirView, the world’s largest cloud-based remote patient monitoring platform that enables care teams to securely access therapy data from three million sleep apnea and respiratory care patients every day. AirView Action Groups automatically filters a clinician’s sleep apnea patients on positive airway pressure (PAP) therapy into actionable groups based on adherence status or a specific therapy issue they may be having.

This will help in reducing time of clinicians and also help patients in getting more responsive and quality treatment.

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KONINKLIJKE PHILIPS N.V.:

Koninklijke Philips N.V. was founded in 1976 and headquartered in Murrysville, Pennsylvania, U.S. Koninklijke Philips N.V. focuses on developing, manufacturing and distributing products for personal health, diagnosis & treatment, connected care & health informatics, health tech and many more.

For sleep apnea devices, Koninklijke Philips N.V.has devices in diagnosis and treatment segment

Recent developments:

In January, 2017, Philips and Bon Secours Charity Health System announce USD180 million, long-term strategic partnership to support transformation of patient care and build healthier communities

In February, 2017, Philips announced about partnering with the Mackenzie Innovation Institute (Mi2) in Canada on opportunities to develop, test and evaluate technological solutions and innovations intended to improve patient care across the healthcare system.

In March, 2017, Koninklijke Philips N.V. announced that it has signed an agreement to acquire Australian Pharmacy SleepServices (APSS).

It will help Philips to provide better access to home sleep testing for those who need it, where and when they need it.

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FISHER & PAYKEL:

Fisher and Paykel Healthcare Limited was founded in 1971 and is headquartered at Auckland, New Zealand. The company is focused in designing innovative medical products and therapies which meet the needs of patients and their caregivers.

The company entered the respiratory care market by developing the unique respiratory humidifier system. The company now offers a broad range of products and systems for the use in respiratory care and acute care and thus in the treatment of obstructive sleep apnea (OSA).

Recent Developments:

In August, 2016, Fisher &Paykel Healthcare Limited launched a new hospital mask named F&P Nivairo, for non-invasive ventilation therapy. The key features of the new mask include unique, world-first TubeFit zones, and an advanced seal for ease of set up and patient comfort.

In August 2016, Fisher &Paykel Healthcare Limited announced about updation in its earnings guidance for financial year ending 31 March 2017.The company also announced about the commencement of a new building programme in New Zealand and Mexico.

In August, 2016, Fisher &Paykel Healthcare Limited announced the introduction of an innovative new mask anmed, F&P Brevida. This is a nasal pillows mask designed for the treatment of obstructive sleep apnea (OSA).

It features an AirPillow seal which inflates to form a pillow of air in and around the nose for a gentle and effective seal. It also incorporates VisiBlue highlights, which are subtle colour cues to help patients with mask orientation, use and assembly.

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