The global sleep apnea device market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period (2024-2031). The changing lifestyle and rise in obesity are some of the prime factors affecting and driving the market. Adoption of smoking, drinking habits such as alcohol along with ill eating activity are increasing among the people which are the cause of major risk. Additionally, according to World health organisation (WHO) in 2019 around 38.2 million children under age of 5 years were obese. The number related with obesity is continuously increasing across the globe and obesity number has tripled itself when compared since 1975 that is also a affecting the market growth.
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The key players operating in the global sleep apnea device market had been adopting a strategy such as new launch to gain major market share. For instance, in February 2021, 3B Medical Inc. had received the U.S. Food and Drug Administration (FDA) approval and clearance on its new bi-level device that is Luna G3 Auto BPAP. This machine is considered as the advanced technology therapy device bi-level BPAP for providing proper treatment to people having obstructive sleep apnea.
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Market Coverage
- Segment Covered-
o By Device
o By Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- 3B Medical Inc., Fisher & Paykel Healthcare Ltd., Koninklijke Philips N.V., ResMed, and Somnetics International, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Sleep Apnea Device Market – Segmentation
By Device
- Respiratory Positive Airway Pressure Devices
- Sleep Apnea Machine Mask
- Humidifiers
By Type
- Obstructive Sleep Apnea
- Central Sleep Apnea
- Mixed Sleep Apnea
By End-User
- Hospitals and Clinics
- Home Care
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