Uploaded on Jul 22, 2019
The global sleep apnea diagnostic and therapeutic market is anticipated to grow at an estimated CAGR of 6.72% between 2019-2027.
Global Sleep Apnea Diagnostic And Therapeutic Market Trends 2019-2027
GLOBAL SLEEP APNEA DIAGNOSTIC AND
THERAPEUTIC MARKET
FORECAST 2019-2027
• The disorder of sleep apnea occurs when a patient’s
breathing patterns during sleep decreases or pauses
momentarily (called apnea) for 10 seconds or longer and it
can occur 30 times or more in an hour.
• The global sleep apnea diagnostic and therapeutic market is
anticipated to generate revenue of $9,986 million by 2027
and will grow at an estimated CAGR of 6.72% between 2019
and 2027.
• Increase in the number of shift workers, the rising prevalence
of sleep apnea and the technological advancements are
mainly driving the market growth.
• Obesity is considered a major risk factor in the development
and progression of sleep apnea.
• The prevalence of sleep apnea in obese patients is almost
two-fold higher than the normal case. Some of the factors
that are expected to contribute to the sleeping disorders in
the elderly population are retirements, various cognitive
problems, excessive daytime sleepiness, and many more.
• The medical devices are specialized equipment that requires
government approval for their sale. Obtaining approval can
be a time-consuming and high-cost procedure, which can
affect market growth. The need for R&D efforts and low heat
resistance are the major factors hindering the sleep apnea
diagnostic and therapeutic market.
“The Global Sleep Apnea Diagnostic and Therapeutic Market is
estimated to grow at a CAGR of 6.72% between 2019 and 2027.”
The
North America market for sleep
apnea diagnostic and therapeut
ic services
are expected to proliferate at a
CAGR of 6.00% during the
forecasting years of 2019-2027.
The Europe Market for Sleep Apnea D
iagnostic and Therapeutic Market is
proliferating at a CAGR of 6.15%
during the forecasting years of 2019-
2027.
The Asia Pacific Sleep Apnea D
iagnostic and Therapeutic Market is
estimated to grow from $xx million in
2018 to $xx million by 2027, at a CAGR
of 8.67% between 2019 and 2027.
The major market players operating in the market are
CareFusion (Merged With Becton Dickinson), Koninklijke
Philips N.V. (Philips), Resmed Inc., Nihon Kohden
Corporation, Medtronic PLC, Smiths Group PLC (Smiths
Medical), Itamar Medical Ltd., Invacare Corp., Fisher &
Paykel Healthcare, Drive Devilbiss Healthcare, Cadwell,
GE Healthcare, Teleflex, Braebon Medical Corporation
and Somnomedics. These market players follow several
key developmental strategies and focus on launching
innovative diagnosis products to cater to patient’s as
well as medical professional’s requirements and to
strengthen their market share.
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