Sleep Apnea Devices Market Trends 2021 By Top Manufacturers - BMC Medical, CareFusion Corporation, Cadwell Laboratories, Braebon Medical, Compumedics, Curative Medical

The sleep apnea devices market expansion would be augmented by the growing prevalence of sleep disorders across the globe. Sleep problems are considered a global epidemic that obstructs the health and quality of life of about 45% of the world’s population. According to the American Sleep Association, approximately 50 – 70 million people in the U.S. are affected by sleep disorders.

Sleep apnea is a severe sleep disorder in which a person’s breathing is repeatedly interrupted during sleep. Ignorance of such issues could lead to chronic diseases such as heart disease, diabetes, and other long-term conditions. Continuous positive airway pressure (CPAP) is a treatment method that uses a machine to provide oxygenated air to patients suffering from sleep apnea or obstructive sleep apnea (OSA).

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The high adoption rate of these devices to treat sleep problems will positively influence industry growth in the forthcoming years. Global sleep apnea devices market size will surpass US$10 billion by 2025, as per a forecast by the Global Market Insights, Inc. Stated below are some key aspects of sleep apnea devices propelling their demand.

Advent of hypoglossal nerve stimulation devices for OSA

Technological advancement and innovations in sleep apnea devices will enhance their application scope substantially. Recently introduced hypoglossal nerve stimulation (HNS) device immensely helps in decreasing the severity of OSA. Factors like erratic lifestyle and growing consumption of alcohol in developed as well as developing countries play a major role in augmenting a number of sleeping disorders.

Robust demand for airway clearance systems
The airway clearance systems segment of the sleep apnea devices industry will grow at a 6% CAGR in the coming years. Airway clearance systems primarily used to ease the entry of oxygen and to reduce carbon dioxide levels in the body. Increasing penetration of sleep aid devices in the market and growing awareness among the population about the treatment of OSA will complement the industry landscape.

Contrastingly, the high cost of devices, therapeutic and strict government regulations for the approval of these devices might obstruct industry progression in the upcoming years.

Top Industry Players are –
• BMC Medical,
• CareFusion Corporation,
• Cadwell Laboratories,
• Braebon Medical,
• Compumedics,
• Curative Medical,
• Fisher & Paykel Healthcare,
• GE Healthcare,
• ImThera Medical,
• Invacare Corporation,
• Natus Medical,
• Itamar Medical,
• Philips Healthcare,
• ResMed,
• Nihon Kohden,
• Somnetics International,
• SOMNOmedics,
• Weinmann Medical Devices
• Teleflex

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Advanced sleep apnea devices in the U.S. and France

The U.S. sleep apnea devices industry generated a revenue of over US$2 billion in 2018. The availability of efficient sleep apnea treatment and the presence of prominent companies involved in manufacturing therapeutic and diagnostic devices will predominantly drive regional industry expansion.

France sleep apnea devices industry will grow at 8.7% CAGR up to 2025. Factors like the growing trend of remotely consulting the disease using telemedicine applications, high integration of sophisticated technology in sleep aid devices, and growing initiatives by private institutions and regional government to create awareness about sleep disorders will enhance regional business growth in the upcoming years.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

This release was published on openPR.