Sleep Apnea Devices Market Will Reach $7.9 Billion, To Be Propelled By Technological Advancements Till 2022

Global sleep apnea devices market is expected to reach over USD 7,991.2 Million by 2022 according to a new report by Grand View Research Inc. Technological advancements pertaining to the development of novel PAP devices and PAP masks which are portable, highly efficient and are easy to use is expected to positively reinforce market growth. 

The U.S. has one of the highest numbers of people suffering from sleep apnea. In 2014, as per the National Sleep Foundation, more than 18 million adults across different age groups have sleep apnea and nearly two to three percent cases are related to childhood OSA and the numbers are much higher in children with habitual snoring. The increasing prevalence of sleep apnea in co-morbidities and subsequent increase in the diagnosis and treatment rate is a major factor expected to boost the product sales over the next seven years.

The most common conditions associated with this disorder include respiratory diseases, stroke, atrial fibrillation, coronary artery disease, congestive heart failure, hypertension, obesity and type II diabetes. The conditions such as COPD, asthma, and other respiratory disorders are significantly contributing to the growth in the number of obstructive sleep apnea (OSA) cases. Key reasons attributing to the aforementioned medical condition include obesity, rising air pollution levels, and life style factors such as smoking, substance abuse and lack of early stage diagnosis. As per data published by theAmerican Thoracic Society (ATS), nearly 50% of the patients reported a significant disturbance in sleep quality and quality of life. The patients suffering from COPD are reported to have the higher chances of daytime sleepiness, insomnia and nightmares compared to the general population. 

The sleep apnea devices market is expected to increase at a rapid pace over the forecast period an account of high prevalence of sleep apnea in geriatric population coupled with increasing instances of sleep apnea in co-morbidities. 

On the basis of product, the market is segmented as therapeutics and diagnostics devices. In terms of revenues, the therapeutics segment accounted for the maximum share of over 47% and in terms of volumes, this segment accounted for over 63% respectively. The therapeutics devices segment is expected to continue its strong growth with a CAGR of 9.2% for revenues and a CAGR of 10.7% for volumes over the forecast period. 

Furthermore, the rise in demand for CPAP, BiPAP, APAP devices, oral appliances and CPAP masks such as the full face masks, nasal masks, and other products is expected to provide lucrative opportunities for the market expansion over the forecast period. 

Browse full research report on Global Sleep Apnea Devices Market: http://www.grandviewresearch.com/industry-analysis/sleep-apnea-devices-market

Further key findings from the study suggest:

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the Sleep Apnea Devices market on the basis of product, technology, application, test location, and region: 

Sleep Apnea Devices Market Product Outlook, by Revenue (USD Million, 2015 – 2022)

Sleep Apnea Therapeutic Devices Market Outlook, by Revenue (USD Million, 2015 – 2022)

Sleep Apnea Positive Airway Pressure Devices Market Outlook, by Revenue (USD Million, 2015 – 2022)

Sleep Apnea Other Devices Market Outlook, by Revenue (USD Million, 2015 – 2022)

Sleep Apnea Masks Market Outlook, by Revenue (USD Million, 2015 – 2022)

Sleep Apnea Diagnostic Devices Market Outlook, by Revenue (USD Million, 2015 – 2022)

Sleep Apnea Market Volume, by Product, 2012 – 2020 (000’units)

Sleep Apnea TherapeuticDevicesMarket Volume, by Product, 2012 – 2020 (000’units)

Sleep Apnea Positive Airway Pressure (PAP) deviceMarket Volume, by Product, 2012 – 2020 (000’units)

Sleep Apnea Other Devices Market Outlook, by Product, 2012 – 2020 (000’units)

Sleep Apnea Masks Market Volume, by Product, 2012 – 2020 (000’units)

Sleep Apnea Diagnostics Sleep Apnea Devices Market Volume, by Product, 2012 – 2020 (000’units)

Sleep Apnea Therapeutics Sleep Apnea Devices Market ASP, by Product, 2012 – 2020 (USD/Unit)

Sleep Apnea Other Sleep Apnea Devices Market ASP, by Product, 2012 – 2020 (USD/Unit)

Sleep Apnea Other Devices Market ASP, by Product, 2012 – 2020 (USD/Unit

Sleep Apnea Masks Market ASP, by Product, 2012 – 2020 (USD/Unit)

Sleep Apnea Diagnostics Sleep Apnea Devices Market ASP, by product, 2012 – 2020 (USD/Unit)

Sleep Apnea Devices Market Regional Outlook, by Revenue (USD Million, 2015 – 2022)

Sleep Apnea Devices Market Regional Outlook, by Volume, by Product, 2012 – 2020 (000’units)

Sleep Apnea Therapeutics Sleep Apnea Devices Regional Outlook, by Market ASP, by Product, 2012 – 2020 (USD/Unit)

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-sleep-apnea-devices-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc

Web: www.grandviewresearch.com

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