KEY MARKET INSIGHTS
The worldwide sleep apnea gadgets market measurement was USD 9.17 billion in 2023. The market is projected to develop from USD 9.70 billion in 2024 to USD 18.30 billion in 2032 exhibiting a CAGR of 8.3% through the forecast interval.
Sleep apnea is known as a sleeping dysfunction that may be doubtlessly critical, whereby the respiratory of a person demonstrates an irregular sample. Individuals with untreated sleep apnea expertise interrupted respiratory of their sleep as a consequence of a scarcity of oxygen provide to the mind and the remainder of the physique components. This situation is extra frequent amongst aged sufferers and other people affected by ailments corresponding to diabetes, hypertension, cardiovascular problems, and others. Globally, Obstructive Sleep Apnea (OSA) is essentially the most prevalent kind of sleep apnea, and to forestall this, early prognosis and use of therapeutic gadgets are important.
- As an illustration, based onthe information revealed by the Nationwide Middle for Biotechnology Info (NCBI) in 2023, roughly 936 million individuals are affected by delicate to extreme obstructive sleep apnea, and 425 million folks with average to extreme OSA worldwide.
Thus, the globally rising incidence of such problems together with cardiovascular problems, hypertension, and many others. coupled with the rising geriatric inhabitants and related comorbidities is predicted to gasoline the demand for therapy and subsequently drive the market progress through the forecast interval.
The outbreak of the COVID-19 pandemic positively impacted the worldwide market. Key gamers reported a major progress in income as a consequence of a rise within the variety of sufferers affected by sleep problems as a consequence of extreme stress ensuing from the COVID-19 pandemic.
Sleep Apnea Devices Market Trends
Rising Adoption of Superior Gadgets for Sleep Apnea Administration Amongst Sufferers
The rising desire in the direction of technologically superior gadgets has been pivotal in creating new options for sleep apnea administration. The rising adoption of oral gadgets such because the mandibular development system (MAD) for OSA therapy is because of sure components, together with consolation, amongst others amongst sufferers. Moreover, rising adoption is main the important thing gamers to launch modern oral home equipment available in the market which have proved to be efficient and supply consolation to sufferers through the therapy of the dysfunction.
- As an illustration, in February 2024, the U.S. FDA accreditedAIO BREATHE, a brand new mandibular repositioning system, with an intention to cater to the rising demand amongst sufferers affected by obstructive sleep apnea (OSA).
This, together with the actometer, a transportable diagnostic system, can be gaining reputation owing to distinct components, together with low price and non-invasive nature, amongst others. Subsequently, the rising demand for cost-effective diagnostic gadgets for sleep apnea is augmenting the preferential shift in the direction of actometers and oral home equipment for the environment friendly administration of sleep apnea amongst sufferers.
Sleep Apnea Devices Market Growth Factors
Rising Prevalence of Obstructive Sleep Apnea to Spur Demand for Gadgets
Growing prevalence of obstructive sleep apnea amongst sufferers as a consequence of sure components, together with sedentary life-style, poor sleep patterns, elevated stress, and weight problems. Based on a 2023 article revealed by the Nationwide Council on Getting old (NCOA), it’s reported that roughly 39 million adults are affected by obstructive sleep apnea within the U.S.
The rising prevalence of weight problems and different life-style problems and rising healthcare expenditure are additional supporting the rising prognosis price, thereby rising the therapy price amongst sufferers. This, together with a rising variety of sleep clinics and technicians, can be supporting the rising adoption of those gadgets available in the market. Moreover, rising strategic initiatives and informative campaigns with the intention of elevating consciousness concerning the situation among the many folks is one other issue anticipated to gasoline market progress.
RESTRAINING FACTORS
Excessive Price of Gadgets to Prohibit the Progress of the Market
The technical developments in sleep apnea diagnostic and therapeutic gadgets are additional rising the price of these gadgets and is more likely to hamper the adoption of those gadgets amongst sufferers available in the market.
- The CPAP gadgetsand PSG gadgets are the popular selections for OSA administration. A CPAP machine prices round USD 600.0 to USD 800.0 within theS., which makes it considerably cost-intensive with out medical insurance coverage.
Moreover, important out-of-pocket prices, coupled with restricted reimbursement insurance policies in creating international locations, are additional hampering the adoption of sleep apnea gadgets amongst sufferers. This, together with restricted penetration of medical protection in these international locations, is additional limiting the variety of sufferers present process therapy in these international locations.
Sleep Apnea Devices Market Segmentation Analysis
By Machine Sort Evaluation
Growing Adoption of Therapeutic Gadgets Led to Section’s Dominance
Amongst system kind, the market is segmented into therapeutic gadgets and diagnostic gadgets.
The therapeutic gadgets are additional divided into constructive airway stress gadgets, oral home equipment, masks and equipment, and others. Equally, the diagnostic gadgets are additional segmented into polysomnography gadgets, pulse oximeters, actigraphy programs, and others. The therapeutic system section dominated the market in 2023. The rising variety of therapy charges amongst sufferers, particularly in rising international locations, is additional more likely to assist the rising adoption of those gadgets, thus contributing to the expansion of the market in 2023. The presence of a big undiagnosed inhabitants and rising consciousness amongst these sufferers are resulting in greater prognosis charges in developed and creating international locations. That is creating demand for diagnostic gadgets, corresponding to polysomnography gadgets, in these international locations.
By Finish Consumer Evaluation
Growing Desire in the direction of Homecare & Different Settings Supported the Segmental Dominance in 2023
Amongst end-user, the market is segmented into homecare & different settings and sleep laboratories & clinics.
The expansion for homecare & different settings section is as a result of rising deal with the introduction of novel transportable gadgets to handle sleep apnea at residence amongst sufferers. This led to the dominance of the section in 2023. Together with this, the rising preferential shift in the direction of therapy at residence for obstructive sleep apnea is ensuing within the rising demand for these gadgets globally.
Moreover, the sleep laboratories & clinics section can be anticipated to develop through the forecast interval. The rising variety of sleep clinics and technicians, rising variety of affected person admissions, amongst others, are among the components contributing to the expansion of the section available in the market. This, together with satisfactory reimbursement insurance policies in these settings, is driving the expansion of the section.
REGIONAL INSIGHTS
Based mostly on geography, the market is studied into North America, Europe, Asia Pacific, Latin America, and the Center East & Africa.
The market measurement in North America stood at USD 4.49 billion in 2023. The dominance is as a result of excessive prevalence of obstructive sleep apnea, favorable reimbursement insurance policies, amongst others, ensuing within the rising adoption of those gadgets available in the market.
- As an illustration, based onthe 2023 knowledge revealed by the Nationwide Council on Getting old (NCOA), it was reported that about 12.0% of males and three.0% of girls aged 30 – 49 years have sleep apnea within theS.
The market of Asia Pacific is anticipated to develop at a highest CAGR through the forecast interval. The expansion is as a result of rising demand for these gadgets in Japan and Australia and the rising variety of sleep apnea sufferers in rising international locations. This, together with the rising focus of key gamers to launch modern gadgets and rising demand for residence sleep apnea checks, can be more likely to assist the expansion of the market within the area.
- Based on2024 knowledge revealed by SPRINGER NATURE, it was reported that the prevalence of obstructive sleep apnea is 20.0% in Japan. Thus, the rising prevalence amongst sufferers is contributing to the rising adoption of sleep apnea gadgets within the area.
However, Europe is predicted to develop at a major CAGR owing to rising consciousness about these gadgets, additional leading to rising demand for diagnostic checks within the area. This, together with the rising adoption of sleep apnea gadgets, is more likely to assist the expansion of the market within the area.
Latin America and the Center East & Africa are anticipated to develop at a average CAGR as a consequence of lack of understanding among the many basic inhabitants about sleep apnea and big underpenetrated markets in each of those areas.