LONDON–(BUSINESS WIRE)–The global sleep apnea diagnostic and therapeutic devices market size is expected to grow by USD 2.62 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. Technavio’s report expects the market to have a positive impact due to the spread of the COVID-19 pandemic. Sleep apnea diagnostic and therapeutic devices are less complex. It is easier to assemble their components, unlike ventilators. This has increased their use to treat patients diagnosed with the severe form of COVID-19 that require acute care and also for the recovery of COVID-19 patients at home. This has even encouraged market vendors to ramp up the production in early 2020.
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The increasing prevalence of sleep apnea disorders is one of the major factors propelling the market growth. Factors such as the rising severity of psychological distress and unmet mental health are increasing the prevalence of sleep apnea among the general population worldwide. If left undiagnosed or untreated, the condition could lead to serious complications such as heart diseases, diabetes, glaucoma, cancer, and cognitive and behavioral disorders. This has increased the demand for sleep apnea diagnostic and therapeutic devices, such as CPAP devices, which improves the quality of sleep.
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Global Sleep Apnea Diagnostic And Therapeutic Devices Market: Type
Based on the type, the market saw maximum growth in the therapeutic devices segment. The growth of the segment is driven by factors such as the increasing number of product launches, business strategies adopted by key vendors, and favorable reimbursement policies for CPAP devices.
Global Sleep Apnea Diagnostic And Therapeutic Devices Market: Geographic Landscape
North America led the market in 2019 with a 43% market share. The region will continue to offer significant opportunities for vendors during the forecast period. The growth of the market in North America is driven by factors such as the rising prevalence of sleep apnea, product launches, the presence of key players, and favorable reimbursement policies for sleep apnea therapy.
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Companies Covered
- General Electric Co.
- Inspire Medical Systems Inc.
- Invacare Corp.
- Koninklijke Philips NV
- LivaNova Plc
- Medtronic Plc
- Natus Medical Inc.
- Nihon Kohden Corp.
- ResMed Inc.
- Respicardia Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
-
Supply chain trends mapping the latest technological advancements
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Sleep Apnea Diagnostic And Therapeutic Devices Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in sleep apnea diagnostic and therapeutic devices market growth during the next five years
- Estimation of the sleep apnea diagnostic and therapeutic devices market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the sleep apnea diagnostic and therapeutic devices market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sleep apnea diagnostic and therapeutic devices market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- Therapeutic devices – Market size and forecast 2019-2024
- Diagnostic devices – Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- Asia – Market size and forecast 2019-2024
- ROW – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- General Electric Co.
- Inspire Medical Systems Inc.
- Invacare Corp.
- Koninklijke Philips NV
- LivaNova Plc
- Medtronic Plc
- Natus Medical Inc.
- Nihon Kohden Corp.
- ResMed Inc.
- Respicardia Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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