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The global sleep apnea devices market was valued at US$ 7.0 Billion in 2021.
We expect the global sleep apnea devices market to exhibit a CAGR of 7.07% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the postponement of numerous elective sleep apnea treatments for reducing the risk of the coronavirus infection upon hospital visits and interaction with medical equipment, thereby limiting the demand for sleep apnea devices.
The rising prevalence of obstructive sleep apnea disorder, central sleep apnea, and complex sleep apnea syndrome, along with the increasing awareness towards the adverse effects of untreated sleep apnea, is primarily driving the global sleep apnea devices market.
Based on the product type, the global sleep apnea devices market has been segregated into therapeutic devices and diagnostic devices. Currently, therapeutic devices hold the largest market share.
Based on the end-user, the global sleep apnea devices market can be bifurcated into hospitals and clinics, sleep laboratories, homecare settings, and others. Among these, homecare settings exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global sleep apnea devices market include 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.
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