Sleep Apnea Diagnostic and Therapeutic Devices Market Size 2024-2028

The global sleep apnea diagnostic and therapeutic devices market size is estimated to grow by USD 3.91 billion at a CAGR of 9.45% between 2023 and 2028. 

Healthy sleep is essential for good health, better performance, and safety at work. By repeatedly lowering oxygen levels and increasing blood pressure while the patient sleeps, OSA causes a strain on the heart. Untreated, severe sleep apnea increases the risk of developing heart problems. Thus, non-profit organizations, key vendors, and government organizations are conducting awareness campaigns regarding sleep apnea disorders. These promotional activities are aimed at patients and healthcare professionals, such as pulmonologists, sleep medicine specialists, primary care physicians, cardiologists, and neurologists who deal with the conditions of insomnia and related secondary comorbidities.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

Market Segmentation by Type, End-user, and Geography Analysis

Type Analysis 

Therapeutic Devices

The market share growth by the therapeutic segment will be significant during the forecast period. The therapeutic devices segment includes positive airway pressure (PAP) devices, facial interfaces, and others. The PAP device is used in hospitals, surgery, and emergency departments.

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The therapeutic devices segment was the largest and was valued at USD 2.97 billion in 2018. The therapeutic devices segment is expected to grow during the forecast period owing to factors such as the increasing number of product launches, a favorable reimbursement policy for CPAP devices, as well as business strategies taken by companies.

End-user Analysis 

Sleep laboratories and hospitals held the largest market share by end-user of the market in 2022. A hospital sleep center, also known as a hospital sleep lab/clinic, is generally attached to the hospital and is situated inside the campus to address patients with nap problems and for the specific diagnostic and therapeutic needs of rest health. When compared to others in the health care facilities, hospitals have a sufficient number of new and advanced tools like CPAP machines, mouth dryers, polysomnography instruments, home sleep testing equipment as well as oximeters. Such factors will increase the growth of the market during the forecast period.

The growing adoption of sleep apnea diagnostic and therapeutic devices for self-administration in home care settings is expected to drive the growth of this segment of the market during the forecast period. For patients with moderate to severe rest apnea, home care sleep diagnostic equipment is accurate. Due to the fact that they are used in a normal household environment, they are deemed less intrusive. The vendors in the market are investing in the development of devices for the home diagnosis of rest apnea. All developments are likely to support the growth of the home care setting segment.

Regional Analysis

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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and drivers that will shape the market during the forecast period. The market in North America is expected to grow during the forecast period. Factors such as the rising prevalence of sleep apnea, product launches, the presence of key players, and favourable reimbursement policies are anticipated to drive the growth of the market in the region during the forecast period. 

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Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 19 market companies, including:

Asahi Kasei Corp.- The company offers sleep apnea diagnostic and therapeutic device solutions through its subsidiary Itamar Medical namely WatchPAT which utilizes the peripheral arterial signal for sleep apnea diagnosis.

• APEX Medical Corp.
• BMC MEDICAL CO. LTD.
• Braebon Medical Corp.
• Cadwell Industries Inc.
• Circadiance LLC
• Cleveland Medical Devices Inc.
• Compumedics Ltd.
• DeVilbiss Healthcare GmbH
• Fisher and Paykel Healthcare Corp. Ltd.
• Koninklijke Philips N.V.
• Lowenstein Medical Technology GmbH and Co. KG
• Mallinckrodt Plc
• Natus Medical Inc.
• Nihon Kohden Corp.
• React Health
• ResMed Inc.Sefam
• SOMNOmedics GmbH
• Teleflex Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Dynamics and Customer Landscape

The market sees a surge in adoption driven by advancements such as telemedicine and AI, facilitating home sleep apnea testing and compliance monitoring. Oral appliances and positional therapy emerge as alternative treatments, addressing concerns like airway obstruction and patient comfort. However, challenges persist due to poor compliance and treatment costs, especially among the geriatric population. Ensuring affordability and convenience while enhancing patient satisfaction through telemedicine and mobile applications remains pivotal in tackling the economic burden and reaching undiagnosed patients. The market addresses challenges like lack of patient compliance through innovative solutions such as positive airway pressure therapy and drug-induced sleep endoscopy. Utilizing mHealth for follow-up, live video visits and alarm systems enhance the management of respiratory disorders. There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. 

Key Market Drivers

The increasing prevalence of sleep apnea disorders is driving the market growth.  It is a condition where the upper airway becomes clogged several times during rest, leading to blockage of airflow. This is also known as obstructive sleep apnea. In central sleep apnea, the brain does not send the signals needed to breathe.

Moreover, the increased prevalence of sleep apnea has resulted in high demand and therapeutic devices, such as CPAP devices. The interest of potential consumers and end-users was increased as a result of enhanced rest quality from these devices, which will lead to the growth of the market during the forecast period.

Significant Market Trends

The rising demand for home care settings is a key trend in the market. The growth of the global market for sleep apnea diagnostic and therapeutic is driven by growing demand for in-home care facilities. Elderly and heavy people cannot afford to visit health centers regularly and often need daily monitoring. 

Moreover, factors such as the rising prevalence of sleep apnea, new product launches, the presence of key players, and favorable reimbursement policies for the growth of home care settings will be supported by rest apnea treatment, which, in turn, is anticipated to drive the growth of the market during the forecast period.

Major Market Challenges

The frequent product recalls of sleep apnea diagnostic and therapeutic devices are a major challenge in the market. Due to safety and functional issues, the medical equipment industry is subject to an increased number of products being recalled. Medical equipment must be checked, adjusted, or fixed to ensure that it adheres to the set regulatory guidelines. 

However, manufacturers usually issue recalls when products require modification or need to be removed from the market. The main responsibility for recalling products shall be exercised by the producers of sleep apnea diagnostics and therapeutic devices. The product recalls are likely to continue, which, in turn, is expected to negatively impact the growth of the market in focus during the forecast period.

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Customer Landscape

The market report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Customer Landscape

Segment Overview

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments

• Type Outlook
  • Therapeutic devices
  • Diagnostic devices

• End-user Outlook 
  • Sleep laboratories and hospitals
  • Home care settings

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Argentina
    • Australia
    • Rest of the World

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Market Analyst Overview

The market witnesses robust growth fueled by technological advancements like telemedicine and user-friendly home sleep test procedures, enhancing patient awareness and treatment adherence. Surgical interventions such as uvulopalatopharyngoplasty and maxillomandibular advancement offer alternative treatments, while bariatric surgery addresses associated conditions like obesity. Challenges persist due to high costs and limited insurance coverage, hindering access to customized devices. However, initiatives like public awareness campaigns and financing programs aim to make cost-effective device options available, ensuring improved management of such disorders and overall health.

Additionally, the market witnesses growing interest in alternative treatment methods like telemedicine group consultations and live video visits with doctors, facilitating treatment compliance and enhancing healthcare infrastructure. These devices address allied health conditions such as diabetes, hypertension, and cardiovascular diseases, ensuring better management of breathing and oxygen saturation levels. With a focus on individual patient needs and preferences, there's a rising demand for personalized solutions and user-friendly home sleep testing (HST) devices, reflecting the importance of affordable healthcare and the role of educational initiatives in raising awareness among healthcare stakeholders and insurers.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Market between 2024 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies' position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of the market companies

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