Global Sleep Apnea Devices Market share to exceed $8.5bn by 2023

Global Sleep Apnea Devices Market forecast to
exceed $8.5bn by 2023: Global Market Insights Inc.
The global industry report "Sleep Apnea Devices Market Size By Therapeutics
[Airway Clearance System, Adaptive Servo-Ventilation, Positive Airway
Pressure (PAP), Oral Appliance, Oxygen Device], By Diagnostics [Actigraphy
System, Polysomnography Device (PSG), Respiratory Polygraph, Single-
Channel Screening Device (Pulse Oximeter)] Industry Analysis Report,
Regional Outlook (U.S., Mexico, UK, Germany, Japan, China, India, Brazil),
Application Potential, Price Trends, Competitive Market Share & Forecast,
2016 – 2023" by Global Market Insights, Inc. says Sleep Apnea Devices Market size
is estimated to register an annual growth rate of 7% over the period of 2016-2023.
Ongoing medical advancements and increasing awareness regarding the severity of
sleep apnea is expected to be the vital factor driving sleep apnea devices market.
Increasing lifestyle induced diseases such as obesity and cardiovascular are giving
rise to growing prevalence of sleep apnea. A study suggests that over 50% of the
global adult population habitually snore, which leads to growth in the rate of
obstructive sleep apnea (OSA). As per American Sleep Association, more than 25
million adults in US are diagnosed with OSA. This data proves that there is a
massive rise in the incidence of sleep and respiratory disorders, which will lead to
significant usage of these devices. Moreover, favorable reimbursement schemes and
awareness regarding adoption of these devices is likely to accelerate sleep apnea
devices industry trends.
Sleep apnea devices market is at a developing stage and will see a profitable future
with rapidly growing attention towards sleep related disorders. The sleep apnea
devices market can be bifurcated into airway clearance system, positive airway
pressure, oral appliances, adaptive servo-ventilation, and oxygen device in terms of
products. The oral appliances segment is estimated to surpass USD 1 billion by
2023. The flexibility in usage of this device and its generous recommendation to
large patient pool is generating lucrative growth prospects in sleep apnea devices
market. Moreover, with rising demand for easy-to-use miniature products, positive
airway pressure (PAP) devices have witnessed a remarkable surge. This product
segment is foreseen to attain a Y-O-Y growth of 10.4%, hitting the track record of
being the highest revenue generating therapeutic device in 2015.
A large pool of untapped opportunities in the emerging nations will provide sleep
apnea devices industry with rewarding grounds over the years to come. Along with
1 | P a g e

this, attention towards serious implication of this disorder on human health and
promising reimbursement scenario will fuel the market growth.
Germany sleep apnea devices market size, by product, 2012-2023 (USD
Million)
Browse key industry insights spread across 105 pages with 38 market data tables &
6 figures & charts from this 2017 report Sleep Apnea Devices Market in detail along
with the table of contents at:
https://www.gminsights.com/industry-analysis/sleep-apnea-devices-market-report
Considering the regional outlook, below are the key highlights of sleep apnea
devices market dynamics over 2016-2023:
China sleep apnea devices market is expected to register to a CAGR of 11% from
2016-2023. Increasing incidence of OSA coupled with the rising geriatric population
will ignite the regional growth.
Japan market, contributing more than 44% of the total regional revenue in 2015, is
projected to witness heavy gains in the coming six years. Rising healthcare
expenditure and the presence of the huge patient pool is likely to drive the demand
for sleep apnea industry.
U.S. sleep apnea devices industry is projected to register a CAGR of 7.5% over the
span of 2016-2023. The regional growth can be attributed to favorable Medicare
policies and deployment of advanced products in the region.
UK sleep apnea devices industry is set to grow at a CAGR of 7% over 2016-2023.
Favorable government initiatives in this regard will surge the industry growth.
2 | P a g e

Brazil and Germany sleep apnea industry is also anticipated to witness a
momentous growth, owing to rising patien awareness levels.
Market players will focus more on product innovation and invest heavily in research
to come up with novel products. Prominent companies operating in sleep apnea
devices market include ResMed, Carefusion, Cadwell Laboratories, Philips
Respironics, Braebon Medical, and Compumedics.
Table of Content of Sleep Apnea Devices Market:
Chapter 1.
Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Research parameters and definitions
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2.
Executive Summary
2.1. Sleep Apnea Devices industry 360 0 synopsis, 2012 - 2023
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Regional trends
Chapter 3.
Sleep Apnea Devices Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2012 - 2023
3.3. Industry impact forces
3 | P a g e

3.3.1. Growth drivers
3.3.1.1. Growing geriatric population base
3.3.1.2. Growing prevalence of sleep apnea
3.3.1.3. Growing prevalence of sleep apnea co-morbidities
3.3.1.4. Introduction of technological advancements
3.3.2. Industry pitfalls & challenges
3.3.2.1. Lack of patient compliance
3.3.2.2. Economic impact of sleep apnea
3.4. Growth potential analysis
3.5. Porter’s analysis
3.6. Company market share analysis, 2015
3.7. PESTEL analysis
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for
key industries such as chemicals, advanced materials, technology, renewable
energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
4 | P a g e

Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com/
5 | P a g e