Sleep Apnea Device Market to Grow with a CAGR of 6.53% through 2029
Rising demand
for home sleep testing design is expected to drive the Global Sleep Apnea
Device Market growth in the forecast period, 2025-2029.
According to
TechSci Research report, “Sleep Apnea Device Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029”, the
Global Sleep Apnea Device Market stood at USD 4.63 Billion in 2023 and is
anticipated to grow with a CAGR of 6.53% in the forecast period, 2025-2029. Technological
advancements are pivotal in shaping the landscape of the sleep apnea device
market. Continuous positive airway pressure (CPAP) devices have traditionally
been the standard for treating sleep apnea by delivering pressurized air to
keep the airway open during sleep. However, improvements in device design and
functionality have resulted in the development of more comfortable and
user-friendly CPAP machines, including portable and wearable options. These
innovations enhance patient adherence to treatment protocols and foster market
expansion.
The growing
demand for home sleep apnea testing kits is fueled by factors such as
convenience and accessibility. These kits enable individuals to undergo sleep
studies in their own homes, eliminating the need for overnight stays in sleep
clinics. Compared to traditional in-lab polysomnography, home sleep testing
kits are typically more cost-effective and less invasive, making them appealing
to both patients and healthcare providers. The increased availability of home
sleep testing devices facilitates early diagnosis and prompt initiation of
treatment, thereby propelling market growth.
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"Global Sleep Apnea Device Market”
The Global Sleep
Apnea Device market is segmented into type, indication type, end user, regional distribution, and company.
Based on the indication,
Obstructive Sleep Apnea (OSA) segment emerged as the dominant segment in the
Global Sleep Apnea Device Market in 2023. OSA is the most common form of sleep
apnea, accounting for the majority of diagnosed cases globally. Its prevalence
is attributed to various lifestyle factors such as obesity, sedentary
lifestyles, and aging populations, which are prevalent in many regions
worldwide. As a result, there is a larger pool of patients seeking diagnosis
and treatment for OSA compared to CSA. Advancements in sleep apnea device
technology have primarily focused on addressing the needs of patients with OSA.
Continuous Positive Airway Pressure (CPAP) machines, which are the primary
treatment modality for OSA, have undergone significant innovation to improve
comfort, usability, and effectiveness. Besides, other devices such as oral
appliances and positional therapy devices, primarily designed for OSA, have
further propelled the growth of this segment in the market.
North America
emerged as the dominant region in the Global Sleep Apnea Device Market in 2023. The region is a hub for technological
innovation in the medical devices industry, with many leading manufacturers and
research institutions focused on developing cutting-edge sleep apnea devices.
Technological advancements such as wireless connectivity, remote monitoring,
and personalized treatment options have enhanced the effectiveness and
usability of sleep apnea devices, driving market growth in North America. North
America benefits from favorable reimbursement policies for sleep apnea
diagnosis and treatment, ensuring that patients have access to affordable
healthcare services and devices. Insurance coverage for sleep studies, CPAP
therapy, and other sleep apnea devices encourages patient compliance and
supports market expansion in the region.
Major companies
operating in Global Sleep Apnea Device Market are:
- ResMed Inc.
- Koninklijke Philips
N.V.
- Fisher & Paykel
Healthcare Limited
- Invacare
Corporation
- Oventus Medical
Ltd.
- Teleflex Incorporated
- ZOLL Medical Corporation
- SomnoMed Limited
- Compumedics Limited
- Drive DeVilbiss
International
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“The Global Sleep
Apnea Device market is poised for significant expansion in the coming years. The
Global Sleep Apnea Device Market is set for significant growth in the forecast
period, catalyzed by recent developments such as the establishment of Primasun
in November 2022. Companies like ResMed and Alphabet's Verily launched Primasun
as an end-to-end solution, aiding employers and healthcare providers in
identifying individuals at risk for complex sleep disorders. By leveraging
advanced technology and analytics, Primasun offers scalable screening for
conditions like obstructive and central sleep apnea. These strategic
collaboration underscores a shift towards proactive sleep health management,
positioning the sleep apnea device market for substantial expansion in the
coming years.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based management consulting firm.
“Sleep
Apnea Device Market - Global Industry Size, Share, Trends, Opportunity and
Forecast, By Type (Therapeutic Devices (CPAP, APAP, Facial Interfaces, Oral
Appliances, Adaptive Servo-Ventilators, Others), Diagnostic Devices
(Polysomnography Devices, Home Sleep Testing Devices, Sleep Screening Devices,
Oximeters, Others)), By Indication Type (Obstructive Sleep Apnea, Central Sleep
Apnea), By End User (Hospitals & Clinics, Homecare Settings), By Region and By
Competition, 2019-2029F”, has evaluated the future growth potential of Global
Sleep Apnea Device 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 Global Sleep
Apnea Device Market.
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