Authored By: Sarah
11 Jul 2024

 Sleep Apnea Diagnostic And Therapeutic Devices Market Size to grow by USD 3908 million between 2024-2028

According to a research report “ Sleep Apnea Diagnostic And Therapeutic Devices Market” by Type (Therapeutic devices, Diagnostic devices) End-user (Sleep laboratories and hospitals, Home care settings) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3908 million, at a CAGR of almost 9.45% during the forecast period. The global sleep apnea diagnostic and therapeutic devices market is poised for significant expansion due to the rising incidence of sleep apnea disorders. Sleep apnea is characterized by the interruption of normal breathing during sleep, resulting from either an obstructed upper airway or the brain's failure to send proper signals to breathe. Central sleep apnea and obstructive sleep apnea are two primary types of this condition. Untreated or undiagnosed sleep apnea can lead to detrimental health complications, including heart disease, diabetes, glaucoma, cancer, and cognitive and behavioral disorders. In the United States alone, sleep apnea affects approximately 25% to 30% of men and 9% to 17% of women. The growing awareness of these risks and the availability of advanced diagnostic and therapeutic devices are expected to fuel market growth throughout the forecast period.

Browse market data tables, figures, and in-depth TOC on “Sleep Apnea Diagnostic And Therapeutic Devices Market” by Type (Therapeutic devices, Diagnostic devices) End-user (Sleep laboratories and hospitals, Home care settings) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample

 

By Type, the Therapeutic devices segment is projected to dominate the market size in 2024

The Sleep Apnea Diagnostic and Therapeutic Devices market represents a significant business opportunity due to the rising prevalence of sleep apnea and growing awareness of its health implications. Key players in this market offer innovative solutions for diagnosing and treating sleep apnea, including continuous positive airway pressure (CPAP) machines, automatic positive airway pressure (APAP) devices, and portable sleep apnea monitors. These technologies improve patient quality of life and reduce healthcare costs associated with untreated sleep apnea. Market growth is driven by increasing government initiatives, technological advancements, and expanding patient pool.

By End-user, Sleep laboratories and hospitals  segment is expected to hold the largest market size for the year 2024

The Sleep Apnea Diagnostic and Therapeutic Devices market represents a significant business opportunity, driven by the rising prevalence of sleep apnea and the growing awareness of its health consequences. Key players in this market offer innovative solutions, including diagnostic devices for identifying sleep apnea and therapeutic devices for managing obstructive sleep apnea through continuous positive airway pressure (CPAP) machines and oral appliances. These devices enhance patient comfort and adherence, contributing to improved health outcomes and increased market growth.

North America is forecasted to hold the largest market size by region in 2024

The Sleep Apnea Diagnostic and Therapeutic Devices market represents a significant business opportunity due to the rising prevalence of sleep apnea and the increasing awareness of its associated health risks. Key players in this market offer innovative solutions for diagnosing and treating sleep apnea, including continuous positive airway pressure (CPAP) machines, automatic positive airway pressure (APAP) devices, and oral appliances. These devices improve patient quality of life by reducing sleep disruptions and improving overall health. Market growth is driven by factors such as an aging population, increasing healthcare expenditures, and advancements in technology.

The Sleep Apnea Diagnostic And Therapeutic Devices Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • APEX Medical Corp.
  • Asahi Kasei 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.
.

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Research Analysis Overview

The Sleep Apnea Diagnostic and Therapeutic Devices market is witnessing significant growth due to the increasing number of undiagnosed patients suffering from respiratory disorders such as sleep apnea. The economic burden of untreated sleep apnea is substantial, with high treatment costs for continuous positive airway pressure (CPAP) machines and other invasive therapies. Comfort and affordability are key factors influencing treatment compliance, which is often poor due to the discomfort associated with traditional devices. Diagnostic tools like mobile applications, alarm systems, and live video visits through telemedicine groups offer convenience and patient satisfaction, making diagnosis more accessible. Telemedicine and mHealth (mobile health) technologies enable follow-up and support, improving treatment compliance. Therapeutic devices include alternative treatments like positional therapy, oral appliances, bariatric surgery, maxillomandibular advancement, and uvulopalatopharyngoplasty. Drug-induced sleep endoscopy and airway obstruction assessments are also essential diagnostic procedures. The geriatric population, with a higher prevalence of sleep apnea, is a significant market segment. The market's growth is driven by the need for effective and patient-friendly diagnostic and therapeutic devices.

Market Research Overview

Sleep apnea is a common sleep disorder characterized by breathing interruptions during sleep, which can lead to various health complications such as cardiovascular diseases, obesity, hypertension, diabetes, and other allied health conditions. Diagnosis of sleep apnea involves in-laboratory polysomnography, which can be expensive and inconvenient for many patients. However, financing programs and cost-effective device options are available to make sleep apnea treatment more affordable and accessible. CPAP machines are the most common treatment for sleep apnea, but their high costs and poor compliance rates have led to the exploration of alternative solutions. Personalized solutions based on individual patient needs and preferences are gaining popularity. User-friendly HST technology, mobile applications, alarm systems, and live video visits through telemedicine are some of the innovative approaches to improve treatment adherence and patient satisfaction. Healthcare providers and insurers play a crucial role in implementing favorable reimbursement policies and public awareness campaigns to increase patient awareness and early diagnosis of sleep apnea. Signs and symptoms of sleep apnea include snoring, breathing interruptions, and oxygen saturation drops during sleep. Treatment options include CPAP machines, oxygen therapy, positional therapy, oral appliances, and surgical procedures like maxillomandibular advancement and uvulopalatopharyngoplasty. Affordability and comfort are essential factors in treatment compliance. Alternative treatments like bariatric surgery and drug-induced sleep endoscopy are also being explored. Overall, addressing the economic burden of sleep apnea requires a collaborative effort from healthcare stakeholders, insurers, and patients to prioritize affordable healthcare, user-friendly devices, and effective treatment strategies.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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