Sleep Apnea Devices Market Size: Key Players, Future Demands, Growth Drivers, Strategy, Pricing, and Gross Margin to 2030

by Emergen Research · March 20, 2023

Sleep Apnea Devices Market

Global Sleep Apnea Devices Market, the most recent market research study from Emergen Research, offers an estimated market size and share, recent industry trends, global market growth rates, key drivers and opportunities, challenges, product segmentation, and major market players. Price structure, market size, level of competition, product line and specifications, and company biographies.

According to the most recent estimate by Emergen Research, the market for sleep apnea devices would be worth USD 12.88 billion by 2030, with a consistent revenue CAGR of 6.9%. A significant element driving the growth of the market’s revenue is the growing patient base of undiagnosed sleep apnea patients. For instance, 37% of men and 50% of women suffer from the most prevalent kind of sleep-disordered breathing, known as obstructive sleep apnea (OSA). On the other hand, it’s thought that 80% of OSA patients go undetected and hence untreated. Also more likely to have sleep apnea than the white population are Black Americans, Hispanics, and Pacific Islanders. As the number of people with undiagnosed sleep apnea patients grows and the condition becomes more common, there is an increase in the need for sleep apnea equipment.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

ResMed, Koninklijke Philips N.V., Fisher & Paykel Healthcare Limited, Inspire Medical Systems, Inc., SomnoMed.com, Oventus, Compumedics Limited, Löwenstein Medical Technology GmbH + Co. KG., Drive DeVilbiss International, and BMC

Target Audience of the Global Sleep Apnea Devices Market Report:

Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Segmentations of the Sleep Apnea Devices Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Sleep Apnea Devices market on the basis of product, application, and region:

Segments Covered in this report are:

Type Outlook (Revenue, USD Billion; 2019–2030)
- Therapeutic Devices
  - Positive Airway Pressure Devices
    1. Automatic Positive Airway Pressure Devices
    2. Continuous Positive Airway Pressure Devices
    3. Bilevel Positive Airway Pressure Devices
  - Facial Interfaces

- - - Masks
      1. Full-Face Masks
      2. Nasal Pillow Masks
      3. Nasal Masks
    - Cushions
  - Accessories
  - Oral Applications

- - 1. Mandibular Advancement Devices
    2. Tongue-Retaining Devices
  - Adaptive Servo-Ventilators
  - Others
- Diagnostic Devices
  - Polysomnography Devices
    1. Ambulatory PSG Devices
    2. Clinical PSG Devices
  - Home Sleep Testing Devices
  - Oximeters
    1. Fingertip Oximeters
    2. Handheld Oximeters
    3. Wrist-Worn Oximeters
    4. Tabletop Oximeters
  - Actigraphy Systems
  - Sleep Screening Devices

End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Sleep Laboratories & Hospitals
- Home Care Settings/Individuals

Regional Outlook (Revenue, USD Billion, 2019–2030)
- North America
  1. U.S.
  2. Canada
  3. Mexico
- Europe
  1. Germany
  2. UK
  3. France
  4. Spain
  5. BENELUX
  6. Rest of Europe
- Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
- Latin America
  1. Brazil
  2. Rest of LATAM
- Middle East & Africa
  1. Saudi Arabia
  2. UAE
  3. Israel
  4. Rest of Middle East & Africa

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Some Key Highlights From the Report

On 18 October 2021, Candid established a strategic alliance with Vivos Therapeutics, a company that treats obstructive sleep apnea , to provide patients with a comprehensive whole-mouth treatment for OSA. This strategic alliance will deliver an adult-specific solution for detecting and treating OSA, as well as orthodontic therapy from the same provider network.
The therapeutic devices segment is expected to account for largest revenue share during the forecast period. This is attributed to increasing number of reported patients seeking treatment in sleep clinics, including CPAP therapy and design of new digital technologies, which are intended to make therapy setup and night usage easier for patients, while also assisting physicians in providing care more effectively. For example, on 16 August 2021, ResMed, a global innovator in digital health as well as sleep apnea treatment, launched AirSense 11, the company’s next-generation Positive Airway Pressure (PAP) device designed to assist hundreds of millions of individuals worldwide with sleep apnea in establishing and maintaining treatment for managing and treating obstructive sleep apnea.
The home care settings/individuals segment is expected to register a higher revenue share during the forecast period attributed to increased investments by key market players. For example, on 03 October 2022, Acurable, a medical device business based in the UK, announced a USD 10.8 million Series A financing round led by Kibo Ventures. Mundi Ventures, Comprador Holdings, and Kindred Capital co-led the fund. This funding will be used to speed international growth of AcuPebble SA100, the company’s first home sleep-testing gadget that allows users to identify and monitor obstructive sleep apnea. Thus, owing to aforementioned factors, the home care settings/individuals segment is significantly driving market revenue growth during the forecast period.
The North America market is expected to account for largest revenue share during the forecast period. This is attributed primarily to rising cases of sleep apnea, presence of significant market participants in this region, and improving awareness and widespread use of oral sleep apnea appliances. For example, on 09 February 2021, GoPAPfree, announced the debut of its new personalized oral appliance treatment equipment, which provides an efficient and agreeable alternative to CPAP therapy for obstructive sleep apnea with at-home shaping and implementation.

Additional information offered by the report:

Along with a complete overview of the global Sleep Apnea Devices market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Sleep Apnea Devices market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

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