Sleep Apnea Devices Market Size, Share & Trends by products (Therapeutic (PAP ), Facial Interfaces, Oral Appliances, Accessories), Diagnostic Devices, Age Group, Gender type, End User & Region - Global Forecasts to 2029
The sleep apnea devices market is valued at an estimated USD 6.5 billion in 2024 and is projected to reach USD 9.3 billion by 2029 at a CAGR of 7.3% during the forecast period. Sleep apnea devices is widely used by sleep laboratories, clinics, hospitals and home users. Patients prefer non-invasive treatment methods, leading to increased use of devices like CPAP and BPAP machines. Emeriging markets such as Asia Pacific region offer lucrative growth opportunities for sleep apnea devices market.
Scope of the Report
Years Considered for the Study
2022-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Product, end user, age group and gender
Regions covered
North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries
"Therapeutic devices segment accounted for the highest growth rate in the sleep apnea devices market, by product, during the forecast period."
The sleep apnea devices market is bifurcated into therapeutic devices and diagnostic devices. Sleep apnea therapeutic devices covers positive airway pressure (PAP) devices, facial interfaces (masks), accessories, oral appliances, and other therapeutic devices. Major factors driving the growth of this segment include improving diagnosis rate backed by home sleep tests leading to demand for therapeutic devices.
"Home care settings/individuals segment accounted for the highest growth rate in the sleep apnea devices market, by end users, during the forecast period."
The sleep apnea devices market is bifurcated into into sleep laboratories, clinics, and hospitals and home care settings/individuals. The growing preference for home healthcare solutions is driving the adoption of home-use sleep apnea devices. Better accessibility of home sleep apnea tests is key reason for greater diagnosis and subsequent treatment of sleep apnea impacting market growth.
"Asia Pacific: The fastest-growing region sleep apnea devices market."
The worldwide market for human identification is categorized into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and GCC countries. Notably, the Asia Pacific region market is expected to register the highest growth rate during the forecast period, mainly due to the frequent product launches and regulatory approvals of new devices leading to market offerings in the region.
The break-up of the profile of primary participants in the sleep apnea devices market:
By Company Type: Tier 1 - 55%, Tier 2 - 40%, and Tier 3 - 5%
By Designation: C-level - 37%, D-level - 48%, and Others - 15%
By Region: North America - 56%, Europe - 20%, Asia Pacific - 17%, Rest of the World - 7%
The key players in this market are ResMed (US), Koninklijke Philips N.V. (Netherlands), Fisher & Paykel Healthcare Limited (New Zealand), Inspire Medical Systems, Inc. (US), SomnoMed (Australia), Openairway (Canada), Compumedics Limited (Australia), Lowenstein Medical Technology GmbH + Co. K.G. (Germany), Drive DeVilbiss Healthcare (US), BMC Medical Co., Ltd. (China), BRAEBON Medical Corporation (Canada), DynaFlex (US), Panthera Dental (Canada), Myerson LLC (US), ProSomnus Sleep Technologies (US), Nidek Medical India (India), Tomed GmbH (Germany), LivaNova PLC (UK), Invacare Corporation (US), MPowrx Health & Wellness Products Inc. (Canada), Nihon Kohden Corporation (Japan), SICAT GmbH & Co. Kg (Germany), Vivos Therapeutics, Inc. (US), Airway Management (US), and Apnea Sciences (US).
Research Coverage:
This research report categorizes the sleep apnea devices market by product (Therapeutic devices (PAP devices, facial interfaces, accessories, oral appliances, other therapeutic devices), Diagnostic devices (PSG Devices, home sleep testing devices, oximeters, actigraphy systems, sleep screening devices)), by end user (Sleep laboratories, clinics, and hospitals, and home care settings/ individuals), by age group (below 40 years, 40-60 years, and above 60 years), by gender (male patients, female patients), and by region (North America, Europe, Asia Pacific, Latin America, the Middle East & Africa and GCC countries). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the sleep apnea devices market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, key strategies, acquisitions, and agreements. New product & service launches and recent developments associated with the sleep apnea devices market. Competitive analysis of upcoming startups in the sleep apnea devices market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall sleep apnea devices market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Analysis of key drivers (large pool of undiagnosed sleep apnea patients, favorable reimbursement and financial aid for sleep apnea devices and therapies, growing awareness about effects of untreated sleep apnea among patients, increasing usage of oral appliances among patients with mild to low-moderate sleep apnea, increased investments and funding to develop advanced sleep apnea products), restraints (high cost of CPAP machines and minimal insurance access in emerging economies, complex referral pathways, long waiting periods, amd delayed diagnosis, and use of alternative therapies and medications for sleep apnea), opportunities (rising demand for sleep apnea tests as cost saving measures, imcreasing focus on telemedicine, mHealth, and artificial intelligence, growing focus of key sleep apnea device manufacturers toward emerging markets) and challenges (Poor patient compliance with CPAP therapy) influencing the growth of the sleep apnea devices market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the sleep apnea devices market.
Market Development: Comprehensive information about lucrative markets - the report analyses the sleep apnea devices market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the sleep apnea devices market
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings of leading players like ResMed (US), Koninklijke Philips N.V. (Netherlands), and Fisher & Paykel Healthcare Limited (New Zealand).
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 SEGMENTS COVERED
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.1.3 Objectives of secondary research
2.1.2 PRIMARY DATA
2.1.2.1 List of key primaries
2.1.2.2 Objectives of primary research
2.1.2.3 Key industry insights
2.1.2.4 Key data from primary sources
2.1.2.5 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Company revenue estimation approach
2.2.1.2 Company presentations and primary interviews