Global Sleep Apnea Devices Market to Grow at a CAGR of 7.8% by 2024 According to Data Bridge Market Research New Report
Aug 4, 2017
Global Sleep Apnea Devices Market, By Product Type (Diagnostic Devices (Polysomnographs, Pulse Oximeters, Polygraphs, Actygraph), Treatment Devices, By End-User, By Geography – Industry Trends and Forecast to 2024
Pune, India - August 4, 2017 /MarketersMedia/ —
Global Sleep Apnea Devices Market has accounted for USD 3.9 billion in 2016, is expected to reach USD 7.1 billion by 2024 at a CAGR of 7.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024
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Some of the major factors driving the market for sleep apnea devices market are increasing prevalence of sleep apnea, rising geriatric population, and changing lifestyle, rising acceptance of home healthcare, increasing awareness of health, rising prevalence of sleep disorder, improving diagnosis rates, introduction to new technologies which improves patient comfort, increasing healthcare spending, improving healthcare infrastructure, rising disposable income. On the other hand, high cost of treatment devices, high cost of treatment therapies, regulatory procedures, side effects of sleep apnea devices, cheap alternatives options for treatments, high competition in market, emerging companies may hinder the growth of the market.
The global sleep apnea devices market is segmented on the basis of product type, end-user, and geography.
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On the basis of type, sleep apnea device market is categorized into: diagnostic devices and therapeutic devices. In 2017, diagnostic devices segment is expected to dominate the market with 60.3% market share.
Based on product type, the diagnostic sleep apnea device market is segmented into polysomnography devices, respiratory polygraphs, pulse oximeters and actigraph systems. Polysomnograph segment is expected to dominate the market in future along with the highest growing CAGR of 10.3% in the forecast period. On the basis of product type, the therapeutic sleep apnea devices are segmented into positive airway pressure devices (PAP), continuous positive airway pressure devices (CPAP), automatically adjusting positive airway pressure devices (APAP), masks, adaptive servo ventilation, airway clearance system, oxygen concentrators, oral appliances and accessories.
On the basis of end users, the global sleep apnea devices market is further segmented into hospitals, sleep clinics, community healthcare and home healthcare. In 2017, the hospitals segment dominates the global sleep apnea device market.
Based on geography the market is segmented into 5 geographical regions such as North America, Europe, Asia-Pacific, South America, Middle East and Africa. The geographical regions are further segmented into major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan,China, Singapore, Brazil, India, Russia, South Africa.
The Global Sleep Apnea Devices Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Some of the major players operating in this market are
• Koninklijke Philips N.V.
• Natus Medical Incorporated
• Nihon Kohden
• CareFusion Corporation
• Curative Medical Inc.
• ResMed
• Fisher and Paykel Healthcare Limited
• SomnoMed
• BMC Medical Co., Ltd
• Compumedics Limited
• NatusMedical Inc.
• DeVilbiss Healthcare
• Global Medical Holdings
• Itamar Medical Ltd.
• Weinmann Medical Technology
• Cleveland Medical Devices Inc.
• SOMNOmedics GmbH
• Deymed Diagnostic
• NovaSom
• Medtronic
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Related Report
Europe Sleep Apnea Devices Market – Industry Trends and Forecast to 2024
Report Access: http://databridgemarketresearch.com/reports/europe-sleep-apnea-devices-market/
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Source: MarketersMedia
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