Global Sleep Apnea Market is expected to reach USD 14,119.5 million by 2024 from USD 7,800.0 million in 2016, at a CAGR of 7.7% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.Access Report: https://www.databridgemarketresearch.com/reports/global-sleep-apnea-devices-market
Segmentation: Global Sleep Apnea Market
By Product Type (Diagnostic Devices, Treatment Devices), By End-User, By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Drivers: Global Sleep Apnea Market
Some of the major factors driving the market for sleep apnea devices market aretechnological advancement, increasing prevalence of sleep apnea, rising geriatric population, and changing lifestyle, rising acceptance of home healthcare, increasing awareness of health, changing lifestyles, increasing aging population, rising prevalence of sleep disorder , improving diagnosis rates, introduction to new technologies which improves patient comfort, increasing healthcare spending, improving healthcare infrastructure, rising disposable income.
TECHNOLOGICAL ADVANCEMENT
Technological advancements in sleep apnea devices are on the rise. There are several companies developing advanced devices which stimulate the genioglossus muscle to keep pharyngeal airway open during sleep. Continuous positive airway pressure (CPAP) mask is considerably better than the previously developed devices and are responsible for the modest gains in CPAP compliance Start-up companies are developing more devices which are mostly adjustable and automatic.
INCREASING PREVALENCE OF SLEEP APNEA
Sleep apnea increases the risk of diseases such as heart attack, stroke, and diabetes. Sleep apnea is a disorder which halts breathing for a few seconds during sleep, this disorder occur when the tissues in the upper throat collapse during sleep due to various reasons such as blockage of air, insomnia, shift work, and snoring. Obstructive sleep apnea causes several heart problems like congestive heart failure, coronary artery disease, and irregular heartbeat.
RISING GERIATRIC POPULATION
The world population is ageing in almost every country. The proportion of people aged over 65 years is growing faster than any other age group and sleep apnea is a common disorder in old people and they are diagnosed less with OSA. Sleep apnea in the elderly is caused by increased fat deposits in the head and neck, and changes in body structure.
CHANGING LIFESTYLE
Nowadays, lifestyle of people is changing rapidly. People tend to have high intake of alcohol and drugs, smoking, obesity, unhealthy sleep patterns and postures, lack of awareness, and high stress levels can generate negative impact on health, digestion and immunity. Changing lifestyle and work pressure often leads to the improper diet which may further add to stress and tension in life. Because of busy schedule and hectic lives they are unable to live a healthy life style.
Major Players: Global Sleep Apnea Market
Some of the major players operating in this market are Koninklijke Philips N.V., Natus Medical Incorporated, Nihon Kohden, CareFusion Corporation, Curative Medical Inc., ResMed, Fisher and Paykel Healthcare Limited., SomnoMed, BMC Medical Co., Ltd., Compumedics Limited, NatusMedical Inc., DeVilbiss Healthcare, Global Medical Holdings, Itamar Medical Ltd., Weinmann Medical Technology, Cleveland Medical Devices Inc., SOMNOmedics GmbH, Deymed Diagnostic, NovaSom, and Medtronic.