Pune, India -- (SBWire) -- 10/08/2020 --The global "sleep apnea treatment devices market size" is set to touch USD 8.97 billion by 2026, exhibiting a CAGR of 8.2% during the forecast period. Steadily climbing demand for sleep apnea devices, stemming from a consistent spread in the prevalence of sleep apnea, will be a major growth driver for this market, shares Fortune Business Insights™ in its new report, titled "Sleep Apnea Treatment Devices Market Size, Share & Industry Analysis, By Device Type (Positive Airway Pressure (PAP) Devices, Oral Appliances, Masks & Accessories, and Others), By End User (Sleep Laboratories & Clinics, and Homecare & Other Settings), and Regional Forecast, 2019-2026.
Highlights of the Report:
In-depth analysis of various insights, namely, Sleep Apnea Treatment Devices Market trends, growth drivers, opportunities, and other related challenges.
Comprehensive details of key market players, their core competencies, and Sleep Apnea Treatment Devices Market share.
The potency of suppliers and buyers to make better business decisions.
Lists out the market size in terms of volume.
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Key Players Operating in The Sleep Apnea Treatment Devices Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
Braebon Medical Corporation
Glidewell
Oventus
Fisher & Paykel Healthcare Limited
ResMed
DeVilbiss Healthcare
BMC Medical Co., Ltd.
SomnoMed
Koninklijke Philips N.V.
A study published in the medical journal Lancet in 2019 found that nearly 1 billion people worldwide suffer from Obstructive Sleep Apnea (OSA). Regionally, too, the statistics conform to the global trends. For instance, the European Respiratory Society estimates that 13% to 32% of the geriatric population in Europe suffer from sleep apnea. As a result, the demand for sleep apnea treatment is escalating and driving the sleep apnea treatment devices market trends. Furthermore, the incidence of OSA is spiking owing to the rising prevalence of obesity, the most common cause for interrupted sleep, which according to the World Health Organization, presently affects close to 650 million adults worldwide.
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Market Restraint
Discomfort Caused by CPAP Masks to Stall Market Growth
Continuous Positive Airway Pressure (CPAP) is a highly recommended therapy for sleep apnea patients. It involves a machine that uses mild air pressure to keep airways open, helping an apneic person get sound sleep. However, despite its popularity, CPAP entails certain disadvantages that are likely to negatively affect the sleep apnea treatment devices market growth. For example, CPAP machines are infamous for causing discomfort as patients find it difficult to sleep in specific positions so as to not to displace the mask on their face. Moreover, the mask can also lead to a runny nose or cause nasal congestion. The biggest hindrance for this market, however, is the high cost associated with CPAP devices, especially in emerging economies. The challenge is humungous as insurance coverage in these countries is poor and limited and reimbursement policies are unfavorable for patients, hampering the adoption of this treatment method.
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Prevalence of Obstructive Sleep Apnea Disorder (OSA), By Key Region/Country, 2018
Reimbursement Scenario in Key Countries
Technological Advancements in Sleep Apnea Treatment Devices
Key Developments - Partnerships, Mergers and Acquisitions
Global Sleep Apnea Treatment Devices Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Device Type
Positive Airway Pressure (PAP) Devices
Oral Appliances
Masks & Accessories
Others
Market Analysis, Insights and Forecast – By End user
Sleep laboratories & Clinics
Homecare & Other Settings
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America Sleep Apnea Treatment Devices Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Device Type
Positive Airway Pressure (PAP) Devices
Oral Appliances
Masks & Accessories
Others
Market Analysis, Insights and Forecast – By End user
Sleep Laboratories & Clinics
Homecare & Other Settings
Market Analysis, Insights and Forecast – By Country
S.
Canada
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Report Focus:
Extensive product offerings
Customer research services
Robust research methodology
Comprehensive reports
Latest technological developments
Value chain analysis
Potential Sleep Apnea Treatment Devices Market opportunities
Growth dynamics
Quality assurance
Post-sales support
Regular report updates
Reasons to Purchase this Report:
Comprehensive analysis of the Sleep Apnea Treatment Devices Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the Sleep Apnea Treatment Devices Market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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Sleep Apnea Treatment Devices Market : Global Industry Analysis by Trends, Size, Share, Company Overview, Growth and Forecast by 2026
Sleep Apnea Treatment Devices Market report offers insights into the latest trends. It highlights leading companies in the market and discusses the strategies that these companies have adopted in recent years. Additionally, the report encompasses several factors that have contributed to the growth of the market in recent years.