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Sleep Apnea Implant Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4997543
  • Report
  • March 2020
  • Region: Global
  • 115 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Inspire Medical Systems
  • LinguaFlex
  • LivaNova PLC
  • Medtronic
  • Respicardia,Inc.
  • Siesta Medical, Inc.
  • MORE
The Sleep Apnea Implant Market is expected to register a CAGR of 10.5% during the forecast period. Sleep apnea implants are preferred more compared to CPAP devices as these devices are fully implantable with no masks, hoses which make patient easy to use and make them feel comfortable. These Implants are used for the treatment of sleep disorders like Obstructive Sleep Apnea and Central Sleep Apnea. Growth of sleep apnea implants market can be attributed to factors such as the large pool of undiagnosed sleep apnea patients and growing awareness about the Ill effects of untreated sleep apnea. According to world data analysis by Rasmed in 2018 it is indicates that sleep apnea impacts more than 936 million people worldwide, which is 10 times greater than previous estimates. In addition according to American Seep Apnea Association in United States around 22 million people affects from obstructive sleep apnea out of which 80% moderate and severe cases of OSA are undiagnosed. Moreover with the increasing obesity worldwide, the sleep apnea patient pool is also expected to grow in forecasted period, which further may have chances of adopting sleep apnea implants. For instance, A study has been carried out in 2019 which shows that in adults the main cause of obstructive sleep apnea is excess weight and obesity.However, high cost of sleep apnea implants may hamper the overall market to certain extent.

Key Market Trends

Hypoglossal Neurostimulation Devices ​ Segment is Expected to Hold a Major Market Share in the Sleep Apnea Implant Market.Segmentation Trends
  • Hypoglossal Neurostimulation Devices are comparatively new, minimally advanced solution and a new and different approach to treating the obstructive sleep apnea disorder. These devices help in restoring the tone of upper airway dialator muscle thus preventing obstruction of airway.
  • The market is segmented by product types namely Hypoglossal Neurostimulation Devices, Phrenic Nerve Stimulator and Palatal Implants through which these disorders may cure. Obstructive Sleep Apnea is a disorder in which breathing constantly stops and start during sleep which may lead to snoring. This disorder usually happens because of throat muscles intermittently relax and block the airway during sleep. Central Sleep Apnea is occurred as of brain doesn’t send right signal to muscle that control the breathing.
  • Hypoglossal Neurostimulation Devices segment hold a major market share in the sleep apnea implant market and is anticipated to show similar trend over the forecast period due to growing number of patients who are not cured by continous positive airway pressure (CPAP), hence they may opt for these devices.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Periodgraphy Trends

North America expected to hold a major market share in the global sleep apnea implant market owing to factors such as rising prevalence of sleep apnea in the region, increasing awareness, favourable reimbursement policies, government initiatives with growing funding. For instance, in 2019 a company named Inspire medical system has received coverage policies from food and Drug Administration (FDA) for Inspire therapy. These therapies include hypoglossal nerve neurostimulation devices which are to be medically necessary for the treatment of moderate to severe OSA. Moreover, changing lifestyle is also leading to rise in obesity prevalence which further result in increase in sleep apnea patient pool and thus increasing pool of patients offer growth opportunities for sleep apnea implant market.

Competitive Landscape

The Sleep Apnea Implant Market is consolidated and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Medtronic, Respicardia,Inc., Inspire Medical Systems, Siesta Medical, Inc, LivaNova PLC and LinguaFlex.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • 3 months of analyst support.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Inspire Medical Systems
  • LinguaFlex
  • LivaNova PLC
  • Medtronic
  • Respicardia,Inc.
  • Siesta Medical, Inc.
  • MORE
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Technological Advancements in Sleep Apnea Devices
4.2.2 Large Pool of Undiagnosed Sleep Apnea Patients
4.2.3 Growing Awareness about the Ill Effects of Untreated Sleep Apnea
4.3 Market Restraints
4.3.1 High cost of Sleep Apnea Implants
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Hypoglossal Neurostimulation Devices
5.1.2 Phrenic Nerve Stimulator
5.1.3 Palatal Implants
5.2 By Indication Type
5.2.1 Obstructive Sleep Apnea
5.2.2 Central Sleep Apnea
5.3 By End User
5.3.1 Hospitals
5.3.2 Ambulatory Surgical Centers
5.3.3 Office Based Clinics
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Inspire Medical Systems
6.1.2 LinguaFlex
6.1.3 LivaNova PLC
6.1.4 Medtronic
6.1.5 Respicardia,Inc.
6.1.6 Siesta Medical, Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Inspire Medical Systems
  • LinguaFlex
  • LivaNova PLC
  • Medtronic
  • Respicardia,Inc.
  • Siesta Medical, Inc.
Note: Product cover images may vary from those shown
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