Europe Sleep Apnea Devices Market, By Diseases Type (Obstructive Sleep Apnea Syndrome, Central Sleep Apnea Syndrome and Complex Sleep Apnea Syndrome), Type (Device, Therapy), Patient Demographics (Pediatric, Adult and Geriatric), End User (Hospital/Clinics, Diagnostic Centers, Ambulatory Care Centers, Specialty Care Center and Home Healthcare), Distribution Channel (Direct Tender and Retail Sales), Country (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, Rest of Europe ) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Europe Sleep Apnea Devices Market
The sleep apnea devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.3% in the forecast period of 2021 to 2028 and is expected to reach USD 295.83 million by 2028. Rise in geriatric and obese population is expected to drive the sleep apnea devices market in coming years.
Sleep apnea is a common type of sleep disorder that happens when an individual is having trouble in breathing during sleep where breathing repeatedly stops and starts. Sleep apnea devices are primarily provided as diagnostic and therapeutic devices in order to treat obstructive sleep apnea syndrome, central sleep apnea syndrome and complex sleep apnea syndrome. Continuous positive airway pressure is widely recommended device to treat obstructive sleep apnea.
Increase in obese population is anticipated to boost the sleep apnea devices market growth in the forecast period. High cost of surgery is expected to restraint the sleep apnea devices market growth. Surge in novel technological advancements is projected to provide opportunities for the sleep apnea devices market. Side-effects associated with sleep apnea devices is expected to challenge the growth of the sleep apnea devices market.
The sleep apnea devices market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the sleep apnea devices market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Sleep Apnea Devices Market Scope and Market Size
The sleep apnea devices market is segmented on the basis of the disease type, type, patient demographics, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of diseases type, the sleep apnea devices market is segmented into obstructive sleep apnea syndrome, central sleep apnea syndrome and complex sleep apnea syndrome. In 2021, obstructive sleep apnea syndrome segment is expected to dominate the sleep apnea devices market due to increased prevalence of elder population with sleep disorders. On the basis of type, the sleep apnea devices market is segmented into device and therapy. In 2021, devices segment is expected to dominate the sleep apnea devices market due to surge in technological advancements in novel therapeutics options for convenient applications.
- On the basis of patient demographics, the sleep apnea devices market is segmented into pediatric, adult and geriatric. In 2021, geriatric segment is expected to dominate the sleep apnea devices market due to rising prevalence of elderly population with accompanied chronic diseases as diabetes and obesity.
- On the basis of end user, the sleep apnea devices market is segmented into hospital/clinics, diagnostic centers, ambulatory care centers, specialty care center and home healthcare. In 2021, hospital/clinics segment is expected to dominate the sleep apnea devices market as it provides patients with the best and accessible healthcare services.
- On the basis of distribution channel, the sleep apnea devices market is segmented into direct tender and retail sales. In 2021, direct tender segment is expected to dominate the sleep apnea devices market as it provides quality and accessible sleep apnea devices to various hospitals, diagnostic centers, ambulatory and specialty care centers.
Europe Sleep Apnea Devices Market Country Level Analysis
Europe sleep apnea devices market is analyzed and market size information is provided by the country, diseases type, type, patient demographics, end user and distribution channel as referenced above.
The countries covered in the Europe sleep apnea devices market report are the Germany, France, UK, Italy, Spain, Netherland, Switzerland, Russia, Belgium Turkey, and Rest of Europe.
Obstructive sleep apnea syndrome segment in Europe region is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increasing healthcare expenditure and well-established healthcare infrastructure. Germany is leading the growth of the Europe sleep apnea devices market and obstructive sleep apnea syndrome segment is dominating in the country due to the increasing awareness regarding ill effects of snoring and sleep apnea.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increasing Prevalence of Various Chronic Disorders is boosting the Sleep Apnea Devices Market Growth
The sleep apnea devices market also provides you with detailed market analysis for every country growth in sleep apnea devices industry with sleep apnea devices sales, impact of advancement in the sleep apnea devices technology and changes in regulatory scenarios with their support for the sleep apnea device market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Sleep Apnea Devices Market Share Analysis
The sleep apnea devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe sleep apnea devices market.
The major companies providing Europe sleep apnea devices market report are Koninklijke Philips N.V., Itamar Medical Ltd., Natus Medical Incorporated, CONTEC MEDICAL SYSTEMS CO., LTD, ResMed, BMC Medical Co., Ltd., SomnoMed, Fisher & Paykel Healthcare Limited, Medicom MTD Ltd, Somnowell, Compumedics Limited, SIBELMED, APEX MEDICAL CORP., NIHON KOHDEN CORPORATION, DeVilbiss Healthcare LLC, nox medical, Cleveland Medical Devices Inc., Löwenstein Medical Technology GmbH + Co. KG., Nyxoah SA among other domestic players.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the sleep apnea devices market.
For instance,
- In March 2021, Cleveland Medical Devices Inc. has announced that company’s SleepView Direct service which is recognized in the article of Sleep Review Magazine published on March 19th. This enhanced the company’s product to reach wide customers globally.
Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market players is enhancing the company market in the sleep apnea devices market which also provides the benefit for organization to improve their offering for sleep apnea devices.
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