Sleep Apnea Devices Market 2017 - Industry Growth, Analysis, and Forecast To 2022 – by Credence Research
According to the latest report published by Credence
Research, Inc. “Global Sleep Apnea Devices Market -
Growth, Opportunities, Competitive Analysis, and Forecast, 2016 - 2022,” the sleep
apnea devices market was valued at USD 3,942.5 Mn in 2015, and is expected to
reach USD 6,868.4 Mn by 2022, expanding at a CAGR of 8.1% from 2016 to 2022.
Browse the full report Global
Sleep Apnea Devices Market - Growth, Opportunities, Competitive Analysis, and
Forecast, 2016 – 2022 at http://www.credenceresearch.com/report/sleep-apnea-devices-market
Market Insights
Sedentary lifestyle and associated
lifestyle disorders, and rising prevalence of obstructive sleep apnea will
contribute to fair growth of global sleep apnea devices market. Intensive
R&D activities in developing advanced therapeutic devices and home-care solutions
demonstrate lucrative future prospects for the global sleep apnea devices
market.
At present, the demand for home sleep
testing methods is consistently growing due added advantages such as ergonomic
design of respective devices and user-friendly features for use at comfort of
home. Persistent product development, commercialization of advanced products,
and growth in awareness about sleep apnea and related health hazards are the
prime factors contributing to the demand for sleep apnea devices market.
However, lack of patient compliance in home-use high costs of sleep apnea
diagnosis are some of the aspects that may hold back the desired market growth.
Currently, therapeutic devices hold
the larger market share in the overall sleep apnea devices market. Innovation
and cost effective product development play a critical role in the growth of
this segment. Introduction of portable CPAP devices and cheaper oral devices
have urged the emergence of home treatment for sleep apnea, thus opening
lucrative avenue for sleep apnea devices market. Development of customized
treatment devices is expected to be a key opportunity in the overall sleep
apnea therapeutic devices market.
The global sleep apnea devices market
is highly fragmented with several players scattered around various segments of
the market. Regional players also have a considerable presence in the
respective markets. Some of the major players active in the global sleep apnea
devices market are Respironics, CareFusion, GE Healthcare, Fisher & Paykel
Healthcare and others.
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