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Sleep Apnea Devices Market- Analysis By Industry Share, Types, Region And Overview 2026
The global sleep apnea devices market was valued at USD 4.35 billion in 2018 and is expected to reach USD 8.81 billion in 2026, growing at a CAGR of 9.2% during the forecast period.
Sleep apnea is defined as a chronic respiratory sleep disorder which is normally characterized by breathing irregularities or disruptions during sleep. Sleep apnea indicates symptoms such as shallow breathing and incidences of frequent breaks and pauses in breathing while the patient is asleep. These breathing disruptions or pauses can last for a few seconds. In some cases, these disruptions may last for a few minutes. Sleep apnea breathing disorder causes frequent breaks in breathing numerous times while the patient is sleeping.
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Usually, this disorder is associated with patients who have loud snoring habits. A choking or snorting sound occurs while the patient resumes his breathing from pause. The critical challenge in sleep apnea is its low detection rate since this disorder occurs only during the patient’s deep sleep. ...
... Sleep apnea devices help is diagnosing breathing disorder more effectively and quickly. The reason behind the occurrence of sleep apnea is the appearance of resistance to the flow of air through blockages, which results in the loud snoring sound. The overweight and obese population are more susceptible to face this breathing disorder. Moreover, diabetic patients are also very vulnerable to suffer from sleep apnea.
Based on end user, the sleep laboratories & hospitals segment is expected to lead during the forecast period
Based on end user, the market has been segmented into home healthcare and sleep laboratories & hospitals. The sleep laboratories & hospitals segment is expected to lead the global sleep apnea devices market with the highest market share of 78% in 2018. Moreover, the recent years have witnessed huge demand from developing economies such as India and China for sleep laboratories & hospitals sector as several multinational players are investing substantially into this region which has resulted in segmental growth.
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North America to dominate the sleep apnea devices market throughout the forecast period
North America region is by far the largest contributor to the growth of global Sleep apnea devices market which contributed more than 37% market share globally. However, Asia Pacific region is anticipated to showcase the highest growth rate during the forecast period owing to intensifying investments from global industry players.
Company Profiles and Competitive Intelligence:
The major players operating in the global sleep apnea devices market are Koninklijke Philips (Netherlands), Fisher & Paykel Healthcare (New Zealand), SomnoMed (US), Oventus Medical (Australia), Compumedics (Australia), Löwenstein Medical (Germany), Drive DeVilbiss Healthcare (US), BMC Medical (China), Braebon Medical (Canada), and Panthera Dental (Canada) among others.
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