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Global Sleep Apnea Devices Market to reach USD 6.9 billion by the end of 2030

Global Sleep Apnea Devices Market Size study & Forecast, by Product Type (Diagnostic Devices, Therapeutic Devices, Sleep Apnea Masks) and Regional Analysis, 2023-2030

Product Code: HLSMDE-88107869
Publish Date: 15-11-2023
Page: 200

Global Sleep Apnea Devices Market is valued at approximately USD 4.2 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2023-2030. Sleep apnea device market is devices used to manage breathing in sleep apnea patients. These devices help in steady flow of oxygen and normal breathing. The Sleep Apnea Devices market is expanding because of factors such as the growth in aged population and increase of population being aware of sleep apnea disease. However, the availability of alternative medication for sleep apnea disease and high cost associated with sleep apnea devices tends to lower the market growth.

Increasing Sleep apnea disease and snoring among senior people tends to rise the Sleep Apnea Devices Market. As, according to Sleep Foundation 2022 snoring was affected to 44% of men and 28% of women. This statistic shows snoring percentage among population which results in rise of people trying to cure this problem and buying sleep apnea devices. Additionally, growth in the geriatric population as sleep apnea disease mostly occurs to senior people leads to growth in Sleep apnea devices market. As, according to world health population between 2015 and 2050, the proportion of the world’s population over 60 years nearly double from 12% to 22%. Snoring is an early stage of sleep apnea disease. As, according to yale medicine 90 million of Americans snore at one time or another, while 37 million say they snore regularly. Rising in people snoring leads to rise in sleep apnea disease. Increasing focus on treating disease with telemedicine and growing diagnosis rates for sleep apnea further act as an opportunity for the growth of this market. As, according to Journal of sleep medicine effective use of telemedicine for the diagnosis and management of obstructive sleep apnea, to improve adherence to positive airway pressure therapy.

The key regions considered for the Global Sleep Apnea Devices Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 as changing lifestyle and awareness of sleep apnea disease among population, increasing of aged and obese population. Moreover, presence of more key players in this region and increase in disposable income in this region results in growth of this market. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as the rising commonness of diseases such as cardiovascular diseases, chronic respiratory diseases and more resulting in growth of sleep apnea diseases in this region

Major market player included in this report are:
Fisher & Paykel Healthcare Limited
Itamar Medical Ltd.
Invacare Corporation
Natus Medical Incorporated
Phillips Respironics
Curative Medical, Inc.
Som Imaging Informatics Pvt. Ltd
BMC Medical Co., Ltd.
Natus Medical Incorporated

Recent Developments in the Market:
Ø In July 2023, ResMed Acquired Somnoware, a Leader in Digital Sleep and Respiratory Care Diagnostics Software this acquisition improves ResMed’s sleep management software solution. The Somnoware platform continues to be an open platform so that sleep labs, pulmonary function testing facilities, and doctors access the results of various testing methods and assist patients who have been diagnosed in receiving the therapy they require more quickly.
Ø In Nov 2020, BMC launched the M1 Mini this product more portable because it fits in the palm of an adult hand. The outer section of the sphere is made transparent and highlighted by double colour injection moulding, perfectly complementing the symmetrical aesthetics. It offered customers three different sorts of modes for different levels of sensitivity: standard, gentle, and female.
Ø In Nov 2021, Philips acquired Cardiologs, Philips add Cardiologs to its portfolio of cardiac diagnostic and monitoring products. The acquisition of Cardiologs by Royal Philips, a world leader in health technology, was made public today. Cardiologs is a medical technology business based in France that uses artificial intelligence (AI) and cloud computing to transform cardiac diagnostics.

Global Sleep Apnea Devices Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Diagnostic Devices
Therapeutic Devices
Sleep Apnea Masks

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Sleep Apnea Devices Market, by Region, 2020-2030 (USD Billion)
1.2.2. Sleep Apnea Devices Market, by Product Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Sleep Apnea Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Sleep Apnea Devices Market Dynamics
3.1. Sleep Apnea Devices Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increase in aged population Growth in awareness for sleep apnea disease among population
3.1.2. Market Challenges Availability of alternative medication for sleep apnea disease High cost associated with these sleep apnea devices
3.1.3. Market Opportunities Increasing engagement of treating disease with telemedicine Rise in diagnosis rates for sleep apnea diseases
Chapter 4. Global Sleep Apnea Devices Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Sleep Apnea Devices Market, by Product Type
5.1. Market Snapshot
5.2. Global Sleep Apnea Devices Market by Product Type, Performance – Potential Analysis
5.3. Global Sleep Apnea Devices Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Sleep Apnea Devices Market, Sub Segment Analysis
5.4.1. Diagnostic Devices
5.4.2. Therapeutic Devices
5.4.3. Sleep Apnea Masks
Chapter 6. Global Sleep Apnea Devices Market, Regional Analysis
6.1. Top Leading Countries
6.2. Top Emerging Countries
6.3. Sleep Apnea Devices Market, Regional Market Snapshot
6.4. North America Sleep Apnea Devices Market
6.4.1. U.S. Sleep Apnea Devices Market Product Type breakdown estimates & forecasts, 2020-2030
6.4.2. Canada Sleep Apnea Devices Market
6.5. Europe Sleep Apnea Devices Market Snapshot
6.5.1. U.K. Sleep Apnea Devices Market
6.5.2. Germany Sleep Apnea Devices Market
6.5.3. France Sleep Apnea Devices Market
6.5.4. Spain Sleep Apnea Devices Market
6.5.5. Italy Sleep Apnea Devices Market
6.5.6. Rest of Europe Sleep Apnea Devices Market
6.6. Asia-Pacific Sleep Apnea Devices Market Snapshot
6.6.1. China Sleep Apnea Devices Market
6.6.2. India Sleep Apnea Devices Market
6.6.3. Japan Sleep Apnea Devices Market
6.6.4. Australia Sleep Apnea Devices Market
6.6.5. South Korea Sleep Apnea Devices Market
6.6.6. Rest of Asia Pacific Sleep Apnea Devices Market
6.7. Latin America Sleep Apnea Devices Market Snapshot
6.7.1. Brazil Sleep Apnea Devices Market
6.7.2. Mexico Sleep Apnea Devices Market
6.8. Middle East & Africa Sleep Apnea Devices Market
6.8.1. Saudi Arabia Sleep Apnea Devices Market
6.8.2. South Africa Sleep Apnea Devices Market
6.8.3. Rest of Middle East & Africa Sleep Apnea Devices Market

Chapter 7. Competitive Intelligence
7.1. Key Company SWOT Analysis
7.1.1. Company 1
7.1.2. Company 2
7.1.3. Company 3
7.2. Top Market Strategies
7.3. Company Profiles
7.3.1. Fisher & Paykel Healthcare Limited Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
7.3.2. Itamar Medical Ltd.
7.3.3. Invacare Corporation
7.3.4. Resmed
7.3.5. Natus Medical Incorporated
7.3.6. Philips Respironics, Inc.
7.3.7. Curative Medical, Inc.
7.3.8. Som Imaging Informatics Pvt. Ltd
7.3.9. BMC Medical Co., Ltd.
7.3.10. Natus Medical Incorporated
Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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