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Sleep Apnea Devices Trends and Forecast
The future of the global sleep apnea device market looks promising with opportunities in the sleep laboratories & hospitals, and home care settings/individuals markets. The global sleep apnea device market is expected to reach an estimated $9.9 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are rising number of undiagnosed sleep apnea patients, increasing favorable reimbursement and financial aid , and therapies, and growing awareness towards effects of untreated sleep apnea.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sleep Apnea Devices by Segment
The study includes a forecast for the global sleep apnea devices by type, end use, and region
Sleep Apnea Device Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Therapeutic Devices
• Diagnostic Devices
Sleep Apnea Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Sleep Laboratories & Hospitals
• Home Care Settings/Individuals
Sleep Apnea Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sleep Apnea Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sleep apnea device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sleep apnea device companies profiled in this report include-
• ResMed
• Phillips Respironics
• Fisher & Paykel Healthcare
• Curative Medical
• Invacare Corporation
• Somnetics International
• BMC Medical
• Natus Medical Incorporated
• SOMNOmedics
• Compumedics Limited
Sleep Apnea Device Market Insights
Lucintel forecasts that therapeutic devices will remain the larger segment over the forecast period due to the increasing prevalence of OSA and rising awareness levels towards OSA.
Within this market, home care settings/individuals will remain the larger segment due to growing focus towards introducing new and portable devices for home use among patients undergoing treatment for the condition.
North America will remain the largest region over the forecast period due to the rising prevalence of the disorder, favorable reimbursement policies, and rising awareness towards OSA in the region.
Features of the Global Sleep Apnea Device Market
Market Size Estimates: Sleep apnea device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sleep apnea device market size by type, end use, and region in terms of value ($B).
Regional Analysis: Sleep apnea device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the sleep apnea device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sleep apnea device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the sleep apnea device market size?
Answer: The global sleep apnea device market is expected to reach an estimated $9.9 billion by 2030.
Q.2 What is the growth forecast for sleep apnea device market?
Answer: The global sleep apnea device market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the sleep apnea device market?
Answer: The major drivers for this market are rising number of undiagnosed sleep apnea patients, increasing favorable reimbursement and financial aid , and therapies, and growing awareness towards effects of untreated sleep apnea.
Q4. What are the major segments for sleep apnea device market?
Answer: The future of the sleep apnea device market looks promising with opportunities in the sleep laboratories & hospitals, and home care settings/individuals markets.
Q5. Who are the key sleep apnea device market companies?
Answer: Some of the key sleep apnea devices companies are as follows:
• ResMed
• Phillips Respironics
• Fisher & Paykel Healthcare
• Curative Medical
• Invacare Corporation
• Somnetics International
• BMC Medical
• Natus Medical Incorporated
• SOMNOmedics
• Compumedics Limited
Q6. Which sleep apnea device market segment will be the largest in future?
Answer: Lucintel forecasts that therapeutic devices will remain the larger segment over the forecast period due to the increasing prevalence of OSA and rising awareness levels towards OSA.
Q7. In sleep apnea device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the rising prevalence of the disorder, favorable reimbursement policies, and rising awareness towards OSA in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sleep apnea device market by type (therapeutic devices and diagnostic devices), end use (sleep laboratories & hospitals and home care settings/individuals), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to sleep apnea device market or related to sleep apnea device companies, sleep apnea device market size, sleep apnea device market share, sleep apnea device market growth, sleep apnea device market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Sleep Apnea Device Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Sleep Apnea Device Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Sleep Apnea Device Market by Type
3.3.1: Therapeutic Devices
3.3.2: Diagnostic Devices
3.4: Global Sleep Apnea Device Market by End Use
3.4.1: Sleep Laboratories & Hospitals
3.4.2: Home Care Settings/Individuals
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Sleep Apnea Device Market by Region
4.2: North American Sleep Apnea Device Market
4.2.1: North American Sleep Apnea Device Market by Type: Therapeutic Devices and Diagnostic Devices
4.2.2: North American Sleep Apnea Device Market by End Use: Sleep Laboratories & Hospitals and Home Care Settings/Individuals
4.3: European Sleep Apnea Device Market
4.3.1: European Sleep Apnea Device Market by Type: Therapeutic Devices and Diagnostic Devices
4.3.2: European Sleep Apnea Device Market by End Use: Sleep Laboratories & Hospitals and Home Care Settings/Individuals
4.4: APAC Sleep Apnea Device Market
4.4.1: APAC Sleep Apnea Device Market by Type: Therapeutic Devices and Diagnostic Devices
4.4.2: APAC Sleep Apnea Device Market by End Use: Sleep Laboratories & Hospitals and Home Care Settings/Individuals
4.5: ROW Sleep Apnea Device Market
4.5.1: ROW Sleep Apnea Device Market by Type: Therapeutic Devices and Diagnostic Devices
4.5.2: ROW Sleep Apnea Device Market by End Use: Sleep Laboratories & Hospitals and Home Care Settings/Individuals
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Sleep Apnea Device Market by Type
6.1.2: Growth Opportunities for the Global Sleep Apnea Device Market by End Use
6.1.3: Growth Opportunities for the Global Sleep Apnea Device Market by Region
6.2: Emerging Trends in the Global Sleep Apnea Device Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Sleep Apnea Device Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Sleep Apnea Device Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ResMed
7.2: Phillips Respironics
7.3: Fisher & Paykel Healthcare
7.4: Curative Medical
7.5: Invacare Corporation
7.6: Somnetics International
7.7: BMC Medical
7.8: Natus Medical Incorporated
7.9: SOMNOmedics
7.10: Compumedics Limited
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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