According to the current analysis of Reports and Data, the global Therapeutic Obstructive Sleep Apnea Devices market was valued at 2.86 billion in 2018 and is expected to reach USD 6.22 billion by the year 2026, at a CAGR of 10.1%. Obstructive sleep apnea is the most predominant forms of apnea and is classified by frequent episodes of total or partial obstructions of the upper airway during nap, despite the effort to breathe, it is usually related with a reduction in blood oxygen saturation. The rise in obstructive sleep apnea is due to the geriatric population, also due to the occurrence of more than one disease linked with apnea. It is likely to fuel the growth of the market. Furthermore, improved awareness for disease diagnosis, healthcare spending, and patient adherence are projected to fuel revenue growth. The discomfort is due to the size of the upper airway lumen progresses with aging, which can cause obstructive apnea. United Nations (UN), had projected in the year 2017, the global geriatric population was likely to be about 962.0 million, and it is estimated to grow by more than double by 2050.
Advancement in the sleep apnea devices market is due to the large pool of undiagnosed sleep apnea, appropriate reimbursement scenario, and the growth in usage of oral appliances are also some of the significant factors which are estimated for the enhancement of the market in the forecast period. Obese patients are also likely to suffer from OSA as the total population in obesity likely to increase in the forecast period, and significant growth in the market of Therapeutic Obstructive Sleep Apnea devices is expected to boost the market in the coming years.
In-depth Study of the Competitive Landscape:
The global Therapeutic Obstructive Sleep Apnea Devices market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers & acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.
Top companies profiled in the report include:
BMC Medical Co. Ltd; Fisher & Paykel Healthcare Limited; Curative Medical Inc.; Cadwell Laboratories; ResMed; Invacare Corporation; Braebon Medical Corporation; ImThera Medical Inc.; Phillips Respironics, Nihon Kohden; and Compumedics Limited
Products Outlook (Revenue in Million USD; 2016–2026)
- PAP Devices
- Continuous Positive Airway Pressure (CPAP)
- Bi-level Positive Airway Pressure (BiPAP) Devices
- Oxygen Devices
- Oxygen Concentrators
- Portable Oxygen Concentrators
- Liquid Portable Oxygen
- Oral Appliances
- Adaptive Servo Ventilation (ASV) Devices
- Masks and Accessories
- Nasal Devices
- Chin Straps
End Use Outlook (revenue in million USD 2016-2026)
- Sleep Laboratories
- Home Care /Individuals
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Frequently asked questions addressed in the report:
- What is the revenue growth rate of the global Therapeutic Obstructive Sleep Apnea Devices market over the forecast period?
- What are the major factors driving the growth of the Global Therapeutic Obstructive Sleep Apnea Devices Market?
- What are the key challenges impacting the global Therapeutic Obstructive Sleep Apnea Devices market growth?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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