Sleep Apnea Devices Market: Generate New Growth Opportunities by 2025 and Top Key Players ResMed Inc., Koninklijke Philips N.V., Fisher & Paykel, Braebon Medical Corporation, Compumedics Limited, BMC Medical Co., Ltd., Fisher & Paykel Healthcare Limited

According to The Insight Partners market research study titled 'Sleep Apnea Devices Market to 2025 - Global Analysis and Forecasts by Diagnostic Devices, Therapeutic Devices and End-Users.

The key players operating in the field of sleep apnea devices are ResMed Inc., Koninklijke Philips N.V., Fisher & Paykel, Braebon Medical Corporation, Compumedics Limited, BMC Medical Co., Ltd., Fisher & Paykel Healthcare Limited, SomnoMed Limited, Weinmann Emergency Medical Technology GmbH + Co. KG, Devilbiss Healthcare LLC and others.

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In North America, the growth of the market is attributed to presence of key players, extensive use of diagnostic and therapeutic devices for sleep apnea and focus on early diagnosis and treatment of chronic diseases. Furthermore, people in the US are now aware about the importance of diagnosis of sleep apnea among the children, which further influences the market growth.

New product launch by market players such as BMC, ResMed and Fisher & Paykel Healthcare Limited boost the growth of the market. For instance, in April 2016, BMC launched Polypro sleep monitoring device which is a home sleep testing device and portable PSG. The product is easily accessible in sleep labs because of the mobile application of Polypro.

Regional Outlook:

Asia Pacific is expected to be the fastest growing market, with China, Japan and India being the largest contributors to the growth of the market. In Asia Pacific, the market is driven by rising prevalence of sleep disorder and key market players focusing on Asia Pacific for tapping new markets and strengthening their geographical presence. In July, 2016, Dehaier Medical Systems entered into a partnership with China Sciences Group to provide its wearable sleep apnea products to provide to the pension and health industry.

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The report segments the global Sleep Apnea Devices market as follows:

By Diagnostic Device -

Polysomnography Devices
Respiratory Polygraphs
Actigraphy Systems
Single-Channel Screening (Oximeters) Devices

By Therapeutic Device -

Facial Interfaces
Adaptive Servo-Ventilation Instruments (ASV)
Positive Airway Pressure (PAP) Devices
Oxygen Concentrators
Airway Clearance Systems
Oral Appliances
Accessories

By Geography -

North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SAM)

Market Insights:

Increased Prevalence of Sleep Apnea -

Obstructive sleep apnea (OSA) is a common disorder which is categorized by the repetitive, complete or partial closure of the upper airway while asleep, which helps in the fragmentation of sleep and oxygen desaturation. Sleep apnea leads to significant morbidities, such as impairment of daytime functioning, which also impacts the quality of life. Moreover, a recent indication from the controlled trials is the proof for oral appliance therapy, which is very useful in controlling OSA in up to 50.0% of patients, which includes some patients with severe forms of OSA.

Technological Developments Made by Market Players -

Many industry players have developed innovative types of sleep apnea devices during recent years. For instance, during May 2017, Fisher & Paykel launched the advanced F&P SleepStyle CPAP Device, used for the diagnosis and treatment of obstructive sleep apnea or OSA patients. Also, in May 2017, ResMed launched AirTouch F20 full face mask with UltraSoft memory foam mask cushion.

Diagnostic Devices Insights -

The global sleep apnea devices market, based on the diagnostic devices is segmented into polysomnography devices, respiratory polygraphs, oximeters, and actigraphy system. In 2016, the polysomnography devices segment accounted for the largest market share in the global sleep apnea devices market by diagnostic devices. Polysomnography devices play an essential role in the treatment of sleep apnea, as they help in conducting sleep diagnostic tests in hospitals and sleep centers to study the pattern sleep disorders observed in patients.

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This release was published on openPR.