The Sleep Apnea Devices market research report was interpreted with the systematic collection and estimation of Healthcare Device industry market information. All this information is provided in a form that gives the business proper explanation of different facts and figures. This report provides accurate information on market trends, changes in industry, consumer behaviour, etc. The market data described in the Sleep Apnea Devices report helps to identify the worldwide Healthcare Device industry’s diverse market opportunities. Such market research reporting is always advantageous for any company to market products or services, whether it is a small or large-scale. This Sleep Apnea Devices market report’s analytical study supports the mapping of growth strategies to increase sales and build brand image on the market. Sleep Apnea Devices report contains the latest market information that companies can gain from Health Care Device industry in-depth analysis and future trends. With the market information provided in the Sleep Apnea Devices report, it has become easy for international business to gain broader perspective.
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Market Analysis:
Global Sleep Apnea Devices Market is expected to reach USD 8800 million by 2026 from USD 7800 million in 2019, at a CAGR of 7.7% in the forecast period 2019 to 2026.
Key Points:
Koninklijke Philips N.V. dominated the sleep apnea devices market in 2016, followed by Natus Medical Incorporated, and Nihon Kohden along with others such as CareFusion Corporation, Curative Medical Inc., ResMed, Fisher and Paykel Healthcare Limited., SomnoMed, BMC Medical Co., Ltd., Compumedics Limited, NatusMedical Inc., DeVilbiss Healthcare, Global Medical Holdings, Itamar Medical Ltd., Weinmann Medical Technology, Cleveland Medical Devices Inc., SOMNOmedics GmbH, Deymed Diagnostic, NovaSom, and Medtronic.
¨Globally diagnostic device is driving the market with highest market share along with the highest CAGR.
¨Fingertip Pulse Oximeter is dominating the Pulse Oximeters Market.
¨Hospitals segment is dominating the global sleep apnea devices market in 2016 and this segment is expected to grow at the highest CAGR in the forecast period.
Key Drivers in Sleep Apnea Devices Market:
Some of the major factors driving the market for sleep apnea devices market are technological advancement, increasing prevalence of sleep apnea, rising geriatric population, and changing lifestyle, rising acceptance of home healthcare, increasing awareness of health, changing lifestyles, increasing aging population, rising prevalence of sleep disorder, improving diagnosis rates, introduction to new technologies which improves patient comfort, increasing healthcare spending, improving healthcare infrastructure, rising disposable income.
Globally diagnostic device is driving the market with highest market share along with the highest CAGR.
Fingertip Pulse Oximeter is dominating the Pulse Oximeters Market.
Hospitals segment is dominating the global sleep apnea devices market in 2016 and this segment is expected to grow at the highest CAGR in the forecast period.
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Global Sleep Apnea Devices Market Segmentation:
The global sleep apnea device market is segmented on the basis of
- product type
- end user
- geography
On the basis of type, sleep apnea device market is categorized into:
- diagnostic devices
- therapeutic devices.
In 2017, diagnostic devices segment is expected to dominate the market with 60.3% market share.
On the basis of product type, the diagnostic sleep apnea device market is segmented into
- Sleep Apnea Device
- respiratory polygraphs
- pulse oximeters
- actigraph systems
Sleep Apnea Device segment is expected to dominate the market in future along with the highest growing CAGR of 10.3% in the forecast period. On the basis of product type, the therapeutic sleep apnea devices are segmented into
- positive airway pressure devices (PAP)
- continuous positive airway pressure devices (CPAP)
- automatically adjusting positive airway pressure devices (APAP)
- masks
- adaptive servo ventilation
- airway clearance system
- oxygen concentrators
- oral appliances and accessories
On the basis of end users, the global sleep apnea devices market is further segmented into
- hospitals
- sleep clinics
- community healthcare
- home healthcare
In 2017, the hospitals segment dominates the global sleep apnea device market.
Based on geography the market report covers data points for 28 countries across multiple geographies namely
- North America & South America
- Europe
- Asia-Pacific
- Middle East & Africa
Competitive Analysis
Global Sleep Apnea Devices Marketis highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of Sleep Apnea Devices market for global, Europe, North America, Asia Pacific and South America.
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