North America To Continue Being Largest Sleep Apnea Devices Market

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The sleep apnea devices market is growing with the rising incidence of obstructive sleep apnea (OSA) and its co-morbidities, increasing usage of portable devices, strong government support for start-ups, expanding network of healthcare centers, and booming population of the elderly. As a result, market players could earn a combined $6.8 billion in 2023, compared to $4.4 billion in 2017, with the revenue surging at a 7.7% CAGR during 2018–2023 (forecast period). In sleep apnea, breathing is repeatedly hindered, which leads to many tell-tale signs, most commonly snoring.

The key trend in the market is home sleep monitoring devices, as the basic step in diagnosing sleep apnea is tracking the patient’s sleep during the day or at night. Apart from sleep apnea, these devices help diagnose numerous other sleep disorders, including insomnia and narcolepsy, entirely painlessly. This is achieved by monitoring several parameters that define good sleep, including oronasal airflow, oxygen saturation, respiratory effort, and body position. Additionally, home-use sleep monitoring devices can be bought for a maximum of $200, which is cheaper than visiting a sleep lab.

Similarly, the rising population of the elderly is also propelling the sleep apnea devices market on the path to prosperity. Compared to the young, the elderly are more prone to sleep issues because of the lower efficiency of their biological processes. Moreover, the comorbidities of OSA also have a more-severe effect on the elderly; a perpetually high blood pressure could lead to stroke, while atrial fibrillation could lead to cardiac arrest. Thus, with the booming geriatric population, the demand for therapeutic and diagnostic devices for sleep apnea will rise.

Thus, with the rising incidence of OSA, the demand for various devices to detect and treat it will increase across the globe.

Access Report Summary – Sleep Apnea Devices Market Growth Forecast Research Report

This study covers

  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
  • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
  • Major players operating in the market and their service offerings

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