Global Sleep Apnea Device Market Research By Device (Respiratory Positive Airway Pressure Devices, Sleep Apnea Machine Mask and Humidifiers), By Type (Obstructive Sleep Apnea, Central Sleep Apnea and Mixed Sleep Apnea), and By End-User (Hospitals and Clinics and Home Care) Forecast Period 2022-2028
The global sleep apnea device market is growing at a considerable CAGR of 7.8% during the forecast period. Increasing pervasiveness of cardiovascular diseases and growing innovation and development of new products are estimated to be the prime factors that are contributing significantly towards the growth of the market. However, rising availability of alternative method along with high cost involvement in major medical devices are some factors constraints that are hindering the growth of the global sleep apnea device market across the globe.
Further, increasing demand for remote monitoring and home care products along with increasing awareness are some of the key factors that are creating opportunity for the market. New product launches in the market are likely to drive the growth of the global sleep apnea device market. For instance, in February 2020, Fisher & Paykel Healthcare Ltd. had introduced F&P Evora, one of its new nasal masks in order to give proper treatment of obstructive sleep apnea. F&P Evora offers streamlined design along with minimalism of a nasal pillow mask for the patients suffering from obstructive sleep apnea for giving better performance as it sit comfortably under the nose.
Impact of COVID-19 on the Global Sleep Apnea Device Market
The global sleep apnea device market was positively affected by the COVID-19 pandemic since December 2019. The COVID-19 pandemic had disrupted the manufacturing and transportation sector across the globe. However, people having sleep disorder such as obstructive sleep apnea are associated to have a higher risk of getting affected from COVID-19. So, it is expected to bring demand for sleep apnea devices for reducing the disorder.
The market is segmented based on device, type and end-user. Based on device, the market is segmented into respiratory positive airway pressure devices, sleep apnea machine mask and humidifiers. Further, by type, market is segmented into obstructive sleep apnea, central sleep apnea and mixed sleep apnea. By end-user, market is segmented into hospitals and clinics and home care.
Global Sleep Apnea Device Market Share by Type 2020 (%)
Global Sleep Apnea Device Market Share by Type
Based on the type, obstructive sleep apnea hold a significant share in the market. Obstructive sleep apnea is considered as a sleep disorder in which during the sleep breathing stops for short period of time. One of the measurable sign is snoring for having obstructive sleep apnea. The device treatment can be given to patients that supports in airway to keep positive pressure while the person is at sleep.
The global sleep apnea device market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global sleep apnea device market. Some factors that are boosting the market growth in North America are growing awareness related with sleep apnea, leading manufactures and players present in the region. Additionally, well developed infrastructure of health that has led to increasing adoption of products and devices is some other factors that are promoting the growth of the market.
Global Sleep Apnea Device Market, by Region 2022-2028
Global Sleep Apnea Device Market, by Region
Asia-Pacific will have Considerable Growth in the Global Sleep Apnea Device Market
Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing strategic initiatives by public and private sector for growing awareness along with advancement in technology in emerging economies are likely to drive the growth of the regional market. Further due to the increase in number of non-diagnosed patients in India China and South Korea are also some of the factors that are affecting and impacting the growth in this market.
Market Player Outlook
Key players of the global sleep apnea device market are 3B Medical Inc., Fisher & Paykel Healthcare Ltd., Koninklijke Philips N.V., ResMed, and Somnetics International, Inc. To survive in the market, these players adopt different marketing strategies such as product launches. For instance, in February 2021, one of the global providers of durable medical equipment named as Aeroflow, Inc. had set forth to enter into an agreement in order to acquired West Virginia based family medical supply. This acquisition will lead to increase its reach in West Virginia and the Ohio Valley in order to improve quality of life through their offerings.
In September 2020, ResMed had launched its nasal mask that is AirTouch N20 CPAP with a memory foam cushion that makes it a soft nasal mask. This mask was made available in the US and Canada countries along with many countries in Europe and will be introduced in Asia-Pacific region in coming years as planned by company.
In March 2020, Allied Motion, Inc. had acquired Dynamic Controls Group which is considered, as a wholly owned subsidiary of Invacare Corp. that is one of the designers and manufacturer of equipment for the medical. Through this acquisition, the company is looking forward to provide new and fully integrated solutions to customers.
In September 2019, Koninklijke Philips N.V. had launched a prescription sleep position therapy device named as Night Balance for giving support to people having positional obstructive sleep apnea. Through this a mask free alternation can be provided as it comes with wireless connectivity offering along with mobile app for the purpose of tracking the use. Additionally, it also can send gentle vibration as it supports to alter sleeping position for the purpose to prevent apnoeas.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global sleep apnea device market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
Table of Contents
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Sleep Apnea Device Industry
- Recovery Scenario of Global Sleep Apnea Device Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
5.1.1. Respiratory Positive Airway Pressure Devices
5.1.2. Sleep Apnea Machine Mask
5.2. Global Sleep Apnea Device Market by Type
5.2.1. Obstructive Sleep Apnea
5.2.2. Central Sleep Apnea
5.2.3. Mixed Sleep Apnea
5.3. Global Sleep Apnea Device Market by End-User
5.3.1. Hospitals and Clinics
5.3.2. Home Care
6.1.1. United States
6.2.6. Rest of Europe
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7.2. Aeroflow, Inc.
7.3. Allied Motion, Inc.
7.4. Agiliti Health, Inc.
7.5. Biron Health Group
7.6. BMC Medical Co., Ltd.
7.8. Fisher & Paykel Healthcare Ltd.
7.9. Koninklijke Philips N.V.
7.10. Medical depot Inc.
7.12. PMD Solutions
7.14. Sleepnet Corp.
7.15. Somnetics International, Inc.
7.16. TotalCare eHealth
7.17. Whole You, Inc.
A selection of companies mentioned in this report includes:
- 3B Medical Inc.
- Aeroflow, Inc.
- Allied Motion, Inc.
- Agiliti Health, Inc.
- Biron Health Group
- BMC Medical Co., Ltd.
- Fisher & Paykel Healthcare Ltd.
- Koninklijke Philips N.V.
- Medical depot Inc.
- PMD Solutions
- Sleepnet Corp.
- Somnetics International, Inc.
- TotalCare eHealth
- Whole You, Inc.