Sleep Apnea Devices Market to Grow Robustly through 2030 and Reach $13.6 billion
Thursday Sep 26, 2024
A new report from Industry Experts Inc, on "Sleep Apnea Devices", reveals that the global Sleep Apnea Devices market is estimated at US$8.8 billion in 2024 and is expected to record a CAGR of 7.6% during the 2024-2030 analysis period and stand at a projected US$13.6 billion by 2030.
The Sleep Apnea Devices market growth is driven by increased investments by leading companies that have stimulated advancements in sleep apnea equipment, resulting in improved comfort and effectiveness of CPAP machines and diagnostic instruments. The increasing incidence of obstructive sleep apnea caused by sedentary lifestyles, poor sleep patterns, stress, and obesity has resulted in more diagnoses and treatments, which in turn promotes market expansion.
The polysomnography (PSG) devices segment is the largest market, holding a 27.8% share in 2024 within the sleep apnea diagnostic devices market due to their advanced technological capabilities and specialized functions that provide thorough and precise sleep assessments compared to other diagnostic tools. Conversely, the actigraphy systems segment is anticipated to register the fastest CAGR of 9% from 2024 to 2030.
The report analyzes the global market for sleep apnea devices across major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, the United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World.
The global sleep apnea devices market studied in this report with respect to Type – Therapeutic Devices (Positive Airway Pressure [PAP] Devices, Facial Interfaces, Accessories, Oral Appliances and Other Therapeutic Devices [including Positional Therapy Devices, Implantable Devices, and Patient Monitoring Devices] and Diagnostic Devices (Polysomnography [PSG] Devices, Respiratory Polygraphs, Pulse Oximeters, Actigraphy Systems and Other Diagnostic Devices [including Home Sleep Apnea Testing {HSAT} Devices, Multi-Channel Sleep Monitors, Snoring Monitoring Devices, and Capnography Devices]; and End-User – Sleep Laboratories and Hospitals, Home Care Settings and Ambulatory Surgical Centers (ASCs).
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