Global demand for sleep apnea devices market was valued at approximately USD 5.83 billion in 2017 and is expected to generate revenue of around USD 9.78 billion by the end of 2024, growing at a CAGR of around 7.68% between 2018 and 2024.

Sarasota, FL -- (SBWire) -- 11/29/2018 --Zion Market Research has published a new report titled "Sleep Apnea Devices Market – by Product (Therapeutic Devices (Positive Airway Pressure (PAP) Devices [Automatic Positive Airway Pressure Devices, Continuous Positive Airway Pressure Devices and Bi-level Positive Airway Pressure Devices], Facial Interfaces [Masks and Cushions], Adaptive Servo-Ventilation (ASV) Devices, Oral Appliances [Mandibular Advancement Devices and Tongue-Retaining Devices] and Other Therapeutic Devices), and Diagnostic Devices (Polysomnography (PSG) Devices [Clinical PSG Devices and Ambulatory PSG Devices], Home Sleep Testing Devices, Oximeters [Fingertip Oximeters, Handheld Oximeters, Wrist-Worn Oximeters, and Tabletop Oximeters], Actigraphy Systems, Sleep Screening Devices, and Others) and by End-User (Hospitals, Home Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024." According to the report, the global demand for sleep apnea devices market was valued at approximately USD 5.83 billion in 2017 and is expected to generate revenue of around USD 9.78 billion by the end of 2024, growing at a CAGR of around 7.68% between 2018 and 2024.

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With the introduction of technologically advanced devices that cater to patient safety and comfort are likely to improve sleep apnea device usage rate, particularly in the developed markets. As per the study conducted, in 2015, by Philips Respironics, nearly 100 million people suffer from obstructive sleep apnea disorder globally. According to the National Healthy Sleep Awareness Project, the obstructive sleep apnea affects more than 26 million people in the U.S. alone. Moreover, PAP therapeutic devices segment is witnessing robust growth since the products are cost-effective and improve sleepiness, hypertension, and various cardiovascular diseases.

Sleep apnea devices market is segmented on the basis of product and end user. By product type, the sleep apnea devices market is segmented into therapeutic devices and diagnostic devices segments. The therapeutic devices segment is sub-segmented into positive airway pressure (PAP) devices, adaptive servo-ventilation (ASV) devices, oral appliances, facial interfaces, and other therapeutic devices. The oral appliances are bifurcated divided into mandibular advancement devices and tongue-retaining devices. The facial interfaces sub-segment is further divided into masks and cushions. The PAP devices sub-segment is further segmented into automatic positive airway pressure devices, continuous positive airway pressure devices, and bi-level positive airway pressure devices. The diagnostic devices segment is further segmented into home sleep testing devices, oximeters, actigraphy systems, sleep screening devices, polysomnography (PSG) devices, and others.

The PSG segment is further sub-segmented into clinical PSG devices and ambulatory PSG devices. The oximeters segment is further classified into handheld oximeters, fingertip oximeters, tabletop oximeters, and wrist-worn oximeters. The diagnostics devices segment is likely to dominate the market in the forecast time period, owing to the rising demand for early precautions and diagnosis and increasing patient awareness to improve the usage rates of sleep apnea devices. The undiagnosed patient pool is likely to provide productive growth opportunities for device manufacturers and suppliers since the local governments in various countries are taking initiatives to curb healthcare expenditure associated with sleep apnea. This, in turn, is boosting the market expansion for the diagnostic devices segment.

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Based on end-user, the sleep apnea devices market is divided into hospitals, home healthcare, and others segment. The home healthcare segment is likely to hold the maximum share of the sleep apnea devices market, due to the ease in operating and monitoring devices. Home diagnosis is also affordable for patients, and therefore, is preferred by a large number of patients.

Regionally, the sleep apnea devices market is segmented into Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. North America and Europe are the key contributors to sleep apnea devices market, owing to the presence of well-established healthcare infrastructure and growing research and development initiatives pertaining to the development of the latest technology. Moreover, awareness about these devices and favorable reimbursement scenario are making North America and Europe the key markets for sleep apnea devices. New legislation of PAP devices, venture capital funding, and grants to develop and manufacture units of sleep apnea devices are some other factors to bolster the sleep apnea devices market growth in several European and North American countries.

Some leading players of the sleep apnea devices market are Fisher & Paykel Healthcare, ImThera Medical, Inc., Natus Medical, Inc., Somnetics International, Inc., Braebon Medical Corporation, BMC Medical Co., Ltd., Teleflex, Inc., Weinmann Medical Devices GmbH & Co., KG., Philips Respironics, CareFusion Corp., Compumedics Limited, and Nihon Kohden.

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This report segments the global sleep apnea devices market as follows:

Global Sleep Apnea Devices Market: Product Segment Analysis

Therapeutic Devices
Positive Airway Pressure (PAP) Devices
Automatic Positive Airway Pressure Devices
Continuous Positive Airway Pressure Devices
Bi-level Positive Airway Pressure Devices
Facial Interfaces
Masks
Cushions

Adaptive Servo-Ventilation (ASV) Devices
Oral Appliances
Mandibular Advancement Devices
Tongue-Retaining Devices
Other Therapeutic Devices
Diagnostic Devices
Polysomnography (PSG) Devices
Clinical PSG Devices
Ambulatory PSG Devices
Home Sleep Testing Devices
Oximeters
Fingertip Oximeters
Handheld Oximeters
Wrist-Worn Oximeters
Tabletop Oximeters
Actigraphy Systems
Sleep Screening Devices
Others

Global Sleep Apnea Devices Market: End-User Segment Analysis

Hospitals
Home Healthcare
Others