Global Sleep Apnea Devices Market to Reach US$ 11.2 Billion by 2028, Propelled by Expanding Prevalence of Obstructive Sleep Apnea

According to the latest report by IMARC Group, titled “Sleep Apnea Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global sleep apnea devices market size reached US$ 7.5 Billion in 2022. Sleep apnea, or sleep-disordered breathing (SDB), is a chronic sleeping disorder in which breathing repeatedly starts and stops. It is caused by a blockage in the airway, which reduces the airflow, resulting in irregular breathing patterns and loud snoring. Sleep apnea can be treated through therapeutic and diagnostic machines. Some of these devices include positive airway pressure (PAP), continuous positive airway pressure (CPAP), variable positive airway pressure (VPAP), and bilevel positive airway pressure (BiPAP) machines and chin straps. These  machines enable the optimum supply of oxygen and help improve sleep quality, maintain heart health, and prevent various health issues. In addition to this, oral equipment, such as MAD and tongue-retaining devices, are also utilized to treat mild to moderate cases of sleep apnea.

Global Sleep Apnea Devices Market Trends:

The widespread prevalence of obstructive sleep apnea (OSA) and central and complex sleep apnea syndrome, especially among the geriatric population and individuals with diabetes, hypertension, and cardiovascular diseases (CVDs), is the primary factor fueling the global sleep apnea market growth. Besides this, the escalating awareness about the detrimental health effects of undiagnosed sleep apnea is acting as another significant growth-inducing factor. Moreover, the rising adoption of telemedicine platforms, sleep ventilators, and artificial intelligence (AI)-enabled home sleep apnea tests (HSATs) and PAP devices is contributing to the market growth. In addition to this, ongoing product innovations, increasing miniaturization, and the advent of out-of-center (OOC) testing devices that examine sleep patterns and cardiovascular, oximetry, and respiratory parameters for diagnosing OSA are presenting remunerative growth opportunities for the market. In line with this, the launch of mandibular advancement devices (MADs) as an alternative to CPAP, and the surging uptake in cost-effective and portable non-invasive diagnostic devices for treatment purposes, are aiding in market expansion. Furthermore, significant advancements in the healthcare infrastructure and favorable reimbursements and financial support by governments for sleep apnea devices are creating a positive outlook for the market. Looking forward, the market value is projected to reach US$ 11.2 Billion by 2028, expanding at a CAGR of 6.8 % during 2023-2028.

Market Summary:

• Based on the product type, the market is bifurcated into therapeutic devices (positive airway pressure (PAP) devices, oral devices, nasal devices, chin straps, and others) and diagnostic devices (actigraphs, polysomnography, sleep screening, and others). Between these, therapeutic devices dominate the market.
• On the basis of the end-user, the market has been segregated into hospitals and clinics, sleep laboratories, homecare settings, and others. Among these, homecare settings accounts for the largest market share.
• On a regional basis, the market has been segmented into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others), and Middle East and Africa (Turkey, Saudi Arabia, Iran, Unite Arab Emirates, and others). Currently, North America represents the largest market for sleep apnea devices.
• The competitive landscape of the market has also been examined, with some of the key players being BMC Medical Co., Braebon Medical Corporation, Cadwell Laboratories, CareFusion Corp., Curative Medical, Devilbiss Healthcare, Fisher & Paykel Healthcare, GE Healthcare, Invacare, Oventus Medical, Panthera Dental, ResMed, Somnomed Ltd., Vyaire Medical Inc., Whole You Inc., etc.

Report Scope:

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