The report “Sleep Apnea Devices Market by Product, Diagnostic (PSG, Pulse Oximeter), Therapeutic [CPAP, APAP, BPAP, Masks (Full Face Mask), Oral Appliances (Mandibular Advancement Device)], End User (Home Care Settings, Hospitals) - Analysis & Global Forecasts to 2020”, this report studies the global sleep apnea devices market for the forecast period of 2015 to 2020. This market is expected to reach $5.3 Billion by 2020 from $3.7 Billion in 2015 at a CAGR of 7.2% during the forecast period.
Browse 121 market data tables and 33 figures spread through 167 pages and in-depth TOC on “Sleep Apnea Devices Market"
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Sleep apnea is a disorder in which a person experiences long pauses in breathing as their throat muscles fail to keep the airway open while sleeping. Research has shown that untreated sleep apnea can result in fatal complications. In sleep apnea, oxygen levels are reduced, which makes it necessary for the heart to work harder, thereby affecting the nervous system and heart rate. These bodily changes increase an individual’s risk of heart failure; increase the difficulty of managing blood pressure; and decrease mental and physical performance.
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European market is expected to grow the fastest in the forecast period (2015-2020), mainly due to increased awareness of sleep apnea and the improved reimbursement scenario in the region. Awareness is expected to rise further in the future. This is evident from the initiatives taken in the region—U.K.’s Freight Transport Association, for example, has been collaborating with sleep apnea groups to educate drivers about untreated sleep apnea since November 2014. In terms of reimbursement, the Netherlands and Sweden lead the way as their citizens are reimbursed for the purchase of sleep apnea devices. Though some countries, such as Germany, do not have a favorable reimbursement scenario, this is expected to change in the forecast period.
The rise in awareness during the last decade has enabled North America to become the largest geographic segment in the sleep apnea devices market. Even so, the region still holds significant growth opportunities, mainly due to efforts to increase awareness on sleep apnea. Government agencies in the U.S. and Canada are imposing new guidelines to address sleep apnea among professionals in various modes of the travel sector. For instance, in October 2013, the U.S. passed a law requiring commercial truck drivers to be screened and tested for sleep apnea disorders.
Market players in the sleep apnea market who continue to position themselves well in North America and Europe are expected to witness positive growth in the forecast period.
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Some major players in the global sleep apnea devices market include ResMed, Inc. (U.S.), Philips Healthcare (Netherlands), Fisher & Paykel Healthcare Ltd. (New Zealand), Compumedics Ltd. (Australia), SomnoMed (Australia), and Whole You, Inc. (U.S.).
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