According to the
report analysis, ‘Worldwide Sleep
Apnea Device Market Trends and Drivers, Restraints, and Opportunities 2017-2023’ states that there are several key players
which are recently functioning in this market more effectively for leading the
handsome amount of share around the globe with the adoption of effective
strategies of doing work and investments in the development of technology
includes ResMed, Philips Healthcare, Becton Dickinson and Company (CareFusion),
and Fisher and Paykel. Other leading players in the market include SomnoMed,
Compumedics, Cadwell Laboratories, Imthera Medical, Itamar Medical, and BMC
Medical. Moreover, in the present trend, the CPAP devices and consumables are
controlling the Global Sleep Apnea Devices market, but a lot of new players are
objecting on developing next-generation diagnostic and therapeutic devices to attain
the future business prospects. The market is controlled by ResMed, Fisher &
Paykel, and Philips Healthcare. Small companies are investing importantly in
emerging technologically advanced products to acquire their market share.
The sleep apnea is
a situation in which a person discontinues breathing for few seconds at night
either because of the airway blockage or due to the signal from the brain is
not received. In a severe condition a human being stops breathing more than the
10 times in an hour. Moreover, the sleep apnea can disturb anyone, even
children.The American Journal of Epidemiology specified that in 2013,
approximately 26% of the adults aged 30-70 years had some form of sleep apnea,
whereby 16% of them had slight sleep apnea and 10% had unadorned sleep apnea.
Additionally, the key players of this market are playing an important role by
doing effective developments in the techniques of doing treatment with the
significant advancement in the technology which further proved to beneficial
more effectively for leading the fastest market during the forecasted period in
the coming years.
The Global
Sleep Apnea Device Market is projected to observe an effective CAGR of 7.6%
during the forecast period of 2017-2023. Whereas, the global market of
sleep apnea is segmented into three major aspects such as namely device types,
end-users, and regions. On the basis geography, the North America controlled
the Global Sleep Apnea Devices Market followed by Europe. These two regions
cooperatively capture more than 60% of the total market. This was because of
the obtain ability of technologically advanced sleep laboratories and the
accumulative consciousness of sleep apnea in these regions. Moreover, great
obesity rate and good reimbursement amenities are quickening the growth of the
market. Asia Pacific and RoW are predictable to have the maximum growth rates
during the forecast period. In addition, low consciousness of the condition and
shortage of advanced technology goods challenge the Global Sleep Apnea Devices
Market growth.
Although, the
substitute management for sleep apnea, absence of patient compliance, and
rigorous regulatory authorization are some of the factors hindering the market.
The market in India, Brazil, and China are also predictable to increase at an
augmented pace during the forecast period. Therefore, in the near future, it is
expected that the market of sleep apnea will increase across the globe more
significantly over the recent years.
For more information on the research
report, refer to below link:
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