Global Sleep Apnea Devices (Therapeutic Diagnostics v / s) Market, Competition Forecast and Opportunity Report 2021-2026 – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD) – The report “Global Sleep Apnea Devices Markets, Competition Forecast and Opportunities, 2026” has been added to ResearchAndMarkets.com offer.

The global sleep apnea devices market was worth $ 4.78 billion in 2020 and is expected to grow at a rate of 8.79% through 2026 due to the increasing prevalence of sleep apnea.

Moreover, the increasing number of patients with undiagnosed sleep apnea around the world is expected to fuel the market growth till 2026.

In addition, technological advancements and new product launches by the major players operating in the market, coupled with the increase in the number of companies engaging in the manufacture of sleep apnea devices, are further expected to create opportunities lucrative for market growth over the next few years. Furthermore, the emergence and increasing adoption of telemedicine and telehealth services may create new opportunities for market growth during the forecast period.

The global sleep apnea devices market can be segmented by type, indication type, end user, region and company. Based on type, the market can be divided into therapeutic devices and diagnostic devices. Therapeutic devices segment dominated the market in 2020 with an overall market share of 59.19% due to the increase in the number of patients with undiagnosed sleep apnea.

Moreover, technological advancements, increasing awareness of the population for treatment of sleep apnea, among others, is further expected to support the market growth. Based on indication type, the market can be divided into Obstructive Sleep Apnea and Central Sleep Apnea.

The indication type of Obstructive Sleep Apnea is expected to dominate the market during the forecast period as it is the most common type of sleep apnea observed in the population observed in all age groups. Obstructive sleep apnea is seen when the muscles in the throat relax and the upper airways are partially or completely blocked, resulting in breathing problems. While in central sleep apnea there is no blockage of the airways, the brain fails to signal the muscles to breathe. However, this is not observed much.

Regionally, North America has dominated the market in 2020 and is expected to continue to dominate during the forecast period due to the increasing prevalence of sleep apnea in the region. According to an American Sleep Association, approximately 50 to 70 million patients suffered from some form of sleep disorder in the United States in 2020.

This has led to an increase in the number of sleep tests performed in the United States. This in turn is expected to increase the demand for sleep apnea devices thereby promoting the growth of the market over the next few years.

The best companies develop cutting edge technologies and launch new products in order to stay competitive in the market. Other competitive strategies include mergers and acquisitions and new developments. For example, ResMed, Inc. released AirFit N30i, a crown-connected nasal CPAP mask in the United States in 2019. This mask consists of a nasal cradle pad that sits just below the wearer’s nose, thus improving the whole patient’s living.

Goal of the study:

To analyze the historical growth in market size of the global sleep apnea devices market from 2016 to 2020.
Estimate and forecast the global sleep apnea devices market size from 2021 to 2026 and the growth rate to 2026.
To classify and forecast the global sleep apnea device market on the basis of type, indication type, end-user, region, and company.
To identify the dominant region or segment of the global Sleep Apnea Device market.
To identify the drivers and challenges of the global sleep apnea device market.
To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global Sleep Apnea Devices Market.
To identify and analyze the profile of the major players operating in the global sleep apnea devices market.
To identify the key sustainable strategies adopted by market players in the global Sleep Apnea Devices Market.