The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s sleep apnea devices market report forecasts the sleep apnea devices market size to grow to reach $9.98 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

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Sleep Apnea Devices Market Size Forecast
The global sleep apnea devices market is expected to grow from $7.18 billion in 2022 to $7.66 billion in 2023 at a compound annual growth rate (CAGR) of 6.56%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global sleep apnea devices market size is expected to reach $9.98 billion in 2027 at a CAGR of 6.85%.

North America held the largest sleep apnea devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Sleep Apnea Devices Market Driver ­– Growth In The Prevalence Of Sleep Apnea Disorders
According to the AMA (American Medical Association), a professional organisation of medical students and doctors based in the United States, 30 million people in the United States suffered from sleep apnea in April 2022. One in every fifteen Americans, or 6.62 percent of all Americans, has some form of sleep apnea, with approximately 30 percent reporting symptoms. As a result, the rising prevalence of sleep apnea diseases is propelling the sleep apnea device market forward.

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Key Sleep Apnea Devices Market Trend – Product Innovation
To maintain their market position, major businesses in the sleep apnea devices market are focusing on generating new technological advances. For example, in August 2021, ResMed Inc., a medical device company based in the United States, will debut its AirSense 11 PAP Series, a new breakthrough digital health solution for sleep apnea therapy. It was created specifically to assist hundreds of millions of individuals worldwide suffering from sleep apnea. AirSense 11 has additional features such as a personal treatment assistant and care check-in that are designed to offer PAP users with personalised assistance, making therapy and evening usage more enjoyable. Furthermore, patients can get remote software updates each night to use the most up-to-date version of these tools, and the device’s user-friendly interface, touch screen, and sleek design, which mimic those of a smartphone, are meant to inspire increased adherence to therapy.

Sleep Apnea Devices Market Segment
1) By Product Type: Airway Clearance System, Adaptive Servo-Ventilation (ASV), Positive Airway Pressure (PAP) Devices, Oral Appliances, Oxygen Devices, Sleep Screening Devices, Actigraphy Systems, Polysomnography (PSG) Device, Respiratory Polygraph
2) By Patient Type: Pediatric, Adult, Geriatric
3) By Disease: Obstructive Sleep Apnea Syndrome, Central Sleep Apnea Syndrome, Complex Sleep Apnea Syndrome
4) By End User: Hospital And Clinics, Diagnostic Centers, Ambulatory Care Centers, Specialty Care Center, Home Healthcare

Sleep Apnea Devices Market Major Players and Strategies
Major players in the sleep apnea devices market are ResMed Inc., Fisher And Paykel Healthcare Corporation Limited., Natus Medical Incorporated, Compumedics Limited, Somnomedics GmbH, DeVilbiss Healthcare LLC, Braebon Medical Corporation, Koninklijke Philips N.V., BMC Medical Co Ltd., Lowenstein Medical Technology GmbH Co. KG, Nihon Kohden Corporation, Invacare Corporation, Cadwell Industries Inc., Oventus Medical Ltd. and Inspire Medical Systems Inc.

Zoll Medical Corporation, a US-based medical equipment manufacturing firm, paid $538 million for Itamar Medical Limited in December 2021. Zoll Medical Corporation aims to increase its offering of services for cardiac patients who have not previously been identified or treated as a result of this purchase. Zoll Medical Corporation will focus on offering software and medical devices for emergency treatment as a result of this acquisition. Itamar Medical Limited is an Israeli firm that develops, manufactures, and markets medical devices for respiratory and sleep diseases.

The Sleep Apnea Devices Global Market Report 2023 covers regional data on sleep apnea devices market size, sleep apnea devices market trends and drivers, opportunities, strategies, and sleep apnea devices market competitor analysis. The countries covered in the sleep apnea devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Continuous positive airway pressure (CPAP) technology that can halt snoring and prevent sleep apnea is referred to as a sleep apnea device. A CPAP machine applies precisely the proper amount of air pressure to a mask to keep upper airway passages open and prevent snoring and sleep apnea.

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