Australia Sleep Apnea Devices Market to Grow Due to Technological Advancement until 2026
Advancing healthcare industry is driving
the growth of Australia Sleep Apnea devices Market, in the forecast period,
2022-2026.
According to TechSci report on, “Australia Sleep Apnea Devices Market By Type
(Therapeutic v/s Diagnostic) By Indication (Obstructive Sleep Apnea v/s Central
Sleep Apnea) By End User (Hospitals & Clinics, Homecare, Others) By Region,
Competition Forecast & Opportunities, 2026”, Australia
sleep apnea devices market has shown
promising growth in historical years until 2019 and is expected to continue its
growth in upcoming forecast years 2021 to 2026. Australia sleep apnea devices market
owes its growth to the factors like rapidly evolving healthcare facility in the
country. Moreover, rising number of population spending prolong hours in front
of television, smartphones, and laptop screens is rapidly increasing. Exposure
to these screens is claimed to deteriorate eyesight and vision along with
increasing cases of insomnia. Thus, rising the cases of sleep apnea too. The
market is anticipated to grow with the increasing cases in the future five
years. Additionally, technological advancement and research processes to provide
efficient treatment and early diagnostic devices for sleep apnea is also
anticipated to be a major growth factor for the growing market in upcoming five
years. Australian healthcare industry is experiencing surge in the demand for
early diagnostic and efficient treatment for the sleep apnea and further aiding
the growth of the market. The consumers are getting more aware of the condition
and are actively seeking for the advanced & effective healthcare facility
and thus supporting the growth of the market in the forecast years until 2026.
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The
Australia sleep apnea devices market is segmented on the basis of type,
indication, end user, regional distribution, and competitive landscape. Based
on indication, the market is again bifurcated into obtrusive sleep apnea, and
central sleep apnea. Central sleep apnea is the condition where the brain and
central nervous system fails to transmit the message to the breathing muscles
and hinders the breathing process. Obtrusive sleep apnea is simply irregularity
in the breathing pattern of the patient while in sleep. In obtrusive sleep
apnea upper airway gets partially or completely blocked while central sleep
apnea the repeated signals from the brain to breathe does not reach the muscles
and the central nervous system fails to aid the process and the breathing
completely stops. The cases of obtrusive sleep apnea have been rapidly rising
in the recent years, and thus is expected to register maximum revenue shares of
the market in the upcoming five years.
Based
on type, the market is further divided between therapeutic and diagnosis.
Diagnostic sleep apnea devices are expected to hold the largest shares of the
market and assert its dominance over the market segment in the upcoming five
years on the account of surge in the demand for the effective and definitive
diagnostic process for sleep apnea. Moreover, advancing technology for the
diagnostic devices is further supporting the growth of the market in the
upcoming five years. Therapeutic devices are also expected to register
significant growth in the upcoming five years on the account of innovating and
evolving therapies for the sleep apnea. Moreover, consistent research and
advancement is aiding the growth of the market in the next five years. Therapeutic
devices for sleep apnea are differentiated into positive airway pressure
devices, facial interfaces, oral appliances, adaptive servo-ventilators, and others.
Positive airway pressure devices are responsible for the monitoring and aiding
the breathing of the person suffering from obtrusive sleep apnea. It increases
the pressure in the throat, so the airway does not collapse when the patient is
breathing. Adaptive servo-ventilators are the ventilation systems that are used
as a non-invasive treatment for central sleep apnea and complex sleep apnea.
The system continuously monitors the breathing cycle of the patient while in
sleep.
A
partial list of market player in the Australia sleep apnea devices market
includes Fisher & Paykel Healthcare Corporation Limited, SomnoMed Limited,
Compumedics Limited, ResMed Inc (Australia), Philips Australia, Oventus Medical
Australia, WellOZ Australia, Bespoke Medical Innovations Pty Ltd, DeVilbiss
Healthcare Pty Ltd., Invacare Australia Pty Ltd. among others. These market
players hold larger shares of the market than the new market players. With the
evolving technology, it is appropriate to say that the effective research and
development of the technologically advanced instruments and methods to satisfy
consumer demands would support the market growth and benefit the market players
as well as the consumers. New market players may focus on the research and
development to provide such products and services that satisfies the consumer
demand as well as benefits the market players in building their brand value.
Other competitive strategies include mergers & acquisitions and new product
developments.
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“Australia
healthcare industry is one of the most flourishing and expanding industries in
the country. The advancing technology and consistent research are further
supporting the expansion of the industry and the said market along with it.
Cases of sleep apnea is increasing rapidly, and early diagnosis and effective
treatment is only possible due to the advancing healthcare sector. New market
player entering the market must invest heavily over research and technological
advancement of these medical devices to provide best possible healthcare
facility,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Australia
Sleep Apnea Devices Market By Type (Therapeutic v/s Diagnostic) By Indication
(Obstructive Sleep Apnea v/s Central Sleep Apnea) By End User (Hospitals &
Clinics, Homecare, Others) By Region, Competition Forecast & Opportunities,
2026” has evaluated the
future growth potential of Australia sleep apnea devices market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in Australia sleep apnea devices market.
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