Sleep Apnea Devices Market; By Type (Therapeutic (Positive Airway Pressure Devices, Facial Interfaces, Oral Appliances, Accessories), Diagnostic (PSG, Oximeter, Actigraphy Systems)); By End user (Sleep Laboratories & Hospitals, Home Care Settings) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa): Global Forecasts 2021 To 2027

Date : Sep 2021

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Report ID : 229

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Category : Healthcare

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Report Format:  PDF EXCEL PPT WORD

The Global Sleep Apnea Devices Market size was valued at USD 5.1 Bn in 2020 is expected to reach USD 7.5 Bn by 2027, with a growing CAGR of 6.6 % during the forecast period.

According to the Official Journal of the Asian Pacific Society of Respirology, about 1 billion among 7.3 billion people around the world suffer from sleep-disordered breathing, obstructive sleep apnea. This is due to increasing obesity and other respiratory disorders. An increase in the prevalence of sleep apnea and the adoption of sleep apnea devices contribute to propelling the sleep apnea devices market during the forecast period. Rapid development in e-commerce and online distribution has resulted in the high sale of sleep apnea devices and products.  

The product acquisition and launches by numerous key players propel the sleep apnea devices market. For instance, in November 2017, Medequip Healthcare Solutions launched Hypnus Oxymed CPAP and BiPAP devices for sleep apnea therapy. In January 2021, Itamar Medical has announced the acquisition of Spry Health to expand its product offerings in remote sleep apnea monitoring and support for the condition.

In August 2021, Zoll Medical received the FDA approval for an updated sleep apnea implant acquired by Respicardia. The high adoption rate of sleep apnea devices products is one of the prominent driving factors for the sleep apnea devices market. The awareness for a healthy lifestyle drives the growth of the sleep apnea devices market.  

Sleep Apnea Devices Market Segmentation:

By-Products

  • Therapeutic Devices
    • Positive Airway Pressure Devices
      • Automatic Positive Airway Pressure Devices
      • Bilevel Positive Airway Pressure Devices
      • Continuous Positive Airway Pressure Devices
    • Facial Interfaces
      • Cushions
      • Masks
    • Accessories
    • Oral Appliances
      • Tongue-Retaining Devices
      • Mandibular Advancement Devices
    • Adaptive Servo-Ventilators
    • Other
  • Diagnostic Devices
    • Polysomnography Devices
      • Ambulatory PSG Devices
      • Clinical PSG Devices
    • Home Sleep Testing Devices
    • Oximeters
      • Fingertip Oximeters
      • Wrist-Worn Oximeters
      • Handheld Oximeters
      • Tabletop Oximeters
    • Actigraphy Systems
    • Sleep Screening Devices

By End-user

  • Sleep Laboratories & Hospitals
  • Home Care Settings

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Based on type, the therapeutic devices segment has the largest market share in 2020 due to the greater efficiency and easy availability for multiple applications

Based on products, the therapeutic devices segment has the largest market share in 2020 and maintains dominance during the forecast period. This is due to the high availability of therapeutic sleep apnea devices and the increasing prevalence of sleep apnea among the world population.

Based on end-user, the sleep laboratories & hospitals segment has accounted for the highest market share in 2020 due to the huge demand from developing economies and presence of several multinational players

Based on the end-user, the sleep laboratories & hospitals segment is having the largest market shares in 2020 and is expected to propel the segment of the sleep apnea devices market. The increasing number of foot augmentations and treatments in the hospitals and specialty clinics propel the segment. Obstructive sleep apnea is regarded as one of the most prevailing sleep-related respiratory disorders. Thus, the increasing covid cases drive the segment in the sleep apnea devices market.

Based on region, North America accounts for the largest market shares in 2020 and is expected to maintain the dominance over during the forecast period

Based on region, North America dominated the market in 2020. The region has high usage and demand for sleep apnea devices due to the large volume of the covid affected patient population in the region. The region is attributed to the largest share due to its increasing healthcare expenditure and well-established healthcare infrastructure. The awareness for sleep apnea devices is the factor attributed to driving the sleep apnea devices market in the region. Many key players are investing in acquisitions, merges, and launches in the sleep apnea devices market.

Companies concentrated on online shopping services and innovative product packaging to increase the usability of sleep apnea devices products. In February 2020, Fisher & Paykel Healthcare Corporation Limited launched a nasal mask named F&P Evora which is used for the treatment of obstructive sleep apnea. In August 2021, Somne announced the launching of a non-invasive alternative to CPAP. Somne’s is worn around the neck to provide therapy to patients during sleep and it uses patented Variable Negative Pressure (vNEP) technology.

The report also provides an in-depth analysis of sleep apnea device market dynamics such as drivers, restraints, opportunities, and challenges  

Drivers

  • Growing awareness among the patient population
  • Technological advancements 
  • High prevalence of hypertension and obesity

Restraints

  • Rise cost of PAP devices
  • Lack of brand loyalty among consumers
  • Decrease in demand for sleep apnea devices products due to less outdoor activity

Opportunities

  • Growing healthcare expenditure
  • Increasing focus on telemedicine

Challenges

  • Rising competition between key players

COVID-19 Impact on the sleep apnea devices market analysis

The covid-19 outbreak experienced a positive impact on the sleep apnea devices industry as it has increased in terms of growth and revenue generation. The COVID-19 cases were increasing day by day and the lockdown was imposed across the world. According to World Health Organization and European Centre for Disease Prevention and Control, there are about 200 million confirmed cases of COVID-19 which have been reported globally. Due to this lockdown, the companies faced certain logistic and operational challenges. The increased adoption of home sleep apnea tests over PSG devices during the lockdown period enhanced the sleep apnea devices market during the pandemic.

The telemedicine, mhealth, teleconsultation, etc gained importance during the COVID-19. The production and demand of positive airway pressure devices, sleep ventilators, masks, and others gained high production during the pandemic. The built-in technology in smartphones for sleep apnea detection gained a high demand driving the sleep apnea devices market during the COVID-19. According to WebMD LLC., about 82,000 patients in the United States [PR1] [KC2] were tested for sleep disorders between the years 2015 and 2020. There was an increase in product launches and approvals.

For instance, in March 2019, ResMed announced the acquisition of HB Healthcare (HBH) for sleep apnea, chronic obstructive pulmonary disease, and other respiratory conditions. In April 2020, Cadwell Industries, Inc. launches the ApneaTrak home sleep apnea testing device for diagnosis of sleep apnea and for testing the efficacy of treatments. 

The report also provides an in-depth analysis of key trends in the sleep apnea devices market

  • Increase launches, acquisitions, and approvals
  • Lockdowns across the globe increased the adoption for home sleep apnea tests over PSG devices
  • Less supply of raw material and disturbance in supply chain and manufacturing has drastically affected the device production in the market

The unique insights provided by this report also includes the following:

  • In-depth Value Chain Analysis
  • Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & post Covid 19 Impacts on The Sleep Apnea Devices Market
  • Competitive landscape

Frequently Asked Questions (FAQs)

What is the size of the global sleep apnea devices market?

The global sleep apnea devices market was valued at USD 5.1 Bn in 2020 and is anticipated to reach USD 7.5 Bn by 2027.

What is the estimated market growth rate of sleep apnea devices industry?

The sleep apnea devices market is estimated to grow at a CAGR-compound annual growth rate of 6.6% during the forecast period.

Which region holds the major market share in sleep apnea devices market?

In the base year 2020, North America held the dominating share in the sleep apnea devices market.

What is the major driver of global sleep apnea devices market?

Rise prevalence of sleep apnea and adoption of sleep apnea devices, are expected to drive the growth of global sleep apnea devices market.

Who are the key players in the sleep apnea devices industry?

Few key players include, but not limit up to: ResMed, Koninklijke Philips N.V., Fisher & Paykel Healthcare, Inspire Medical Systems, Inc., Löwenstein Medical Technology GmbH + Co. K.G., SomnoMed, Oventus Medical, Compumedics, Nihon Kohden, Natus Medical, Itamar Medical, Whole You, Inc., Drive DeVilbiss Healthcare, BMC Medical Co. Ltd., BRAEBON Medical, Invacare Homecare and other prominent kay players.

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  1.  Introduction
    1. Product Outline
    2. What is Sleep Apnea Devices Market?
    3. Analysis of Sleep Apnea Devices Market  
    4. COVID -19 Impact
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
  2. Sleep Apnea Devices Market by Type
    1. Therapeutic Devices
      1. Positive Airway Pressure Devices
        1. Automatic Positive Airway Pressure Devices
        2. Continuous Positive Airway Pressure Devices
        3. Bilevel Positive Airway Pressure Devices
      2. Facial Interfaces
        1. Masks
        2. Cushions
      3. Accessories
      4. Oral Appliances
        1. Mandibular Advancement Devices
        2. Tongue-Retaining Devices
      5. Adaptive Servo-Ventilators
      6. Other
    2. Diagnostic Devices
      1. Polysomnography Devices
        1. Ambulatory PSG Devices
        2. Clinical PSG Devices
      2. Home Sleep Testing Devices
      3. Oximeters
        1. Fingertip Oximeters
        2. Handheld Oximeters
        3. Wrist-Worn Oximeters
        4. Tabletop Oximeters
      4. Actigraphy Systems
      5. Sleep Screening Devices
  3. Sleep Apnea Devices Market by End User
    1. Sleep Laboratories & Hospitals
    2. Home Care Settings
  4. Regional Analysis
    1. North America
      1. US
      2. Canada
    2. Europe
      1. Germany
      2. UK
      3. France 
      4. Spain
      5. Italy
      6. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. Rest Of Asia Pacific
    4. Latin America
      1. Brazil
      2. Mexico
      3. Rest of Latin America
    5. Middle East and Africa
      1. GCC
      2. South Africa
      3. Rest of MEA
  5. Key Strategic Insights
  6. Market Analysis
    1. Opportunity Mapping
    2. Critical Success Factors
    3. Customer Preferences
  7.  Key Market Trends / Recent Developments
  8. Competitive Scenario
    1. Mergers and Acquisitions
    2. Investments
    3. Joint Ventures
    4. New Product Launches
    5. Ranking of Key Players
  9. Key Global Players
    1. ResMed
    2. Koninklijke Philips N.V.
    3. Fisher & Paykel Healthcare
    4. Inspire Medical Systems, Inc.
    5. Löwenstein Medical Technology GmbH + Co. K.G.
    6. SomnoMed
    7. Oventus Medical
    8. Compumedics
    9. Nihon Kohden
    10. Natus Medical
    11. Itamar Medical
    12. Whole You, Inc.
    13. Drive DeVilbiss Healthcare
    14. BMC Medical Co. Ltd.
    15. BRAEBON Medical
    16. Invacare Homecare
    17. Other Prominent Key Players

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