October 04, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Sleep Apnea Devices Market Insights, Forecast to 2025’, the worldwide sleep apnea devices market is predicted to amass US $6030 million by the year 2025.
Sleep apnea devices (SAD) are helpful in detecting apnea during the sleeping period. Apnea is a type of sleeping disorder where the patient suffers breathing cessation during sleep. Increasing prevalence of sleep disorders among the population around the will augment the SAD market.
As per the report, the product market is analyzed on the basis of product type, end-user and regional landscape. Based on product type, the market is fragmented as therapeutic devices and diagnostic devices. While based on the end-use spectrum, the market is segmented as sleep laboratories & hospitals and homecare/individuals.
The global sleep apnea devices market was worth US $3300 million in 2018 and is expected to grow with a CAGR of 7.8% over the analysis period, claims the report. It also studies the SAD market exhaustively to understand the drivers, opportunities, challenges, and trends impacting the market growth.
The SAD market is divided into five major regions on the basis of geographical landscape. The U.S, Mexico, and Canada fall under North America; Asia Pacific consists of China, Japan, Australia, India, South Korea, and other countries; Germany, UK, France, Russia, Italy, and Spain comprise Europe; GCC countries, Turkey, South Africa, and Egypt compose Middle East & Africa; and Central & South America.
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Moreover, APAC (Asia Pacific) is presumed to dominate the SAD market over the analysis timeline, owing to increasing cases of sleep apnea disorders, massive undiagnosed pool in regions like India, and growing initiatives taken by private and government organizations to increase awareness related to sleep disorders.
Some prominent players in sleep apnea devices market include Philips, Watermark Medical, ResMed, Compumedics, Contec Medical, Somnomed, BMC Medical, Lowenstein Medical, Curative Medical, Huanan Medical, Whole You, and Drive Devilbiss Healthcare among others.