Sleep apnea devices Market Experience Steady Growth with CAGR of 7.5% by 2022

Pune, India, 2017-Jul-05 — /EPR Network/ —It has been noted that global sleep apnea device market is growing swiftly and is expected to grow tremendously at the CAGR of 7.5%. Globally there is huge demand for sleep apnea device in various regions.

Factors that influence this market are increasing demand for device used to treat sleep apnea over surgeries, increasing advanced technology in sleep apnea devices market, increasing advanced painless surgeries and many others.

Major Key players

• ResMed (U.S),
• Koninklijke Philips N.V. (Netherlands),
• Fisher & Paykel Healthcare Limited (New Zealand),
• GE Healthcare (U.S.),
• Invacare Corporation (U.S.),
• BMC Medical Co, Ltd (China),
• Braebon Medical Corporation (Canada),
• ImThera Medical Inc. (U.S.),
• Cadwell Industries, Inc(U.S.) ,
• Curative Medical (U.S.)

Market Segmentation

Global sleep apnea device market has been segmented on the basis of types of devices which include mouth devices (mandibular advancement device (MAD) and tongue retaining device), position pillows, CPAP devices, bumper belt, mask, oral appliance and others.

Oral appliance has the largest market share in global sleep apnea device by product and it is expected that it will have the largest market share which has started from 2016 and is expected to continue till 2022.

Furthermore on the basis of end-user the market is segmented into hospitals, clinics, home use and others. Clinics hold the largest market share for global sleep apnea device by end-users whereas home care holds the second largest market for the same.

Regional analysis

Globally North America has the largest share in the sleep apnea devices market. The share of this nation in this market is mainly due to increasing innovations in healthcare technology and sleep apnea devices. For example GE Healthcare propelled its new MARS Virtual Sleep Lab (VSL), the first device that permits doctors to see cardiac and sleep apnea examination from any GE-monitored inpatient bed. MARS Virtual Sleep Lab, which is controlled by the WideMed’s Morpheus Hx rest apnea analysis program, empowers OSA diagnosis directly from the hospital bed, transforming in-patient rooms into virtual sleep labs and empowering a bedside diagnosis with the use of monitored data to give diagnostic information.

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