Sellbyville, DE -- (SBWIRE) -- 11/21/2018 -- The Sleep Apnea Devices Market set to exceed USD 9 billion by 2024; according to a new research report by Global Market Insights.

Advancements in technology for sleep apnea devices led to the development of various conventional therapies for treatment of sleep apnea. Furthermore, several companies are engaged in developing advanced devices which increases demand for such devices. Large untapped opportunities in emerging nations will boost industry growth over the forecast timeframe. Rising awareness regarding sleep apnea diseases among people and favourable reimbursement scenario will improve adoption rate of devices.

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U.S. sleep apnea devices market accounted for largest regional share in 2016, due to high prevalence of sleep related diseases, advanced healthcare services, increased investment in R&D and presence of advanced technology products in the country. Moreover, presence of Medicare reimbursement policies for therapeutic devices such as CPAP (Continuous Positive Airway Pressure) device will boost sleep apnea devices market size over the forecast period.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. GE Healthcare
2. ResMed
3. Fisher & Paykel Healthcare
4. Becton Dickinson
5. Natus Medical Incorporated
6. Invacare Corporation
7. BMC Medical
8. Compumedics Limited - Official
9. Curative Medical Inc.

Diagnostics devices segment of sleep apnea devices market accounted for largest revenue share in 2016 and expected to maintain its position over the forecast period. Increasing demand for early diagnosis and growing patient awareness levels is expected to improve usage rates of diagnostic devices over the forecast period.

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Therapeutic oral appliances market size will witness robust growth over the forecast timeframe. Thus, rising usage of oral appliances for patients, as it is highly-recommended for people suffering from mild to moderate obstructive sleep apnea and also for patients facing discomfort with CPAP therapy will increase demand for the product.

Sleep Apnea Devices Market by Product

o Therapeutic devices
- Adaptive Servo-Ventilation Systems
- Airway Clearance Systems
- Oral appliances
- Oxygen devices
- Positive Airway Pressure (PAP) devices
- Others

o Diagnostic devices
- Actigraphy systems
- Polysomnography (PSG) devices
- Respiratory polygraphs
- Single-channel screening devices (Pulse oximeters)