Sleep Apnea Devices Market size worth USD 8.8 billion by 2023 - PowerPoint PPT Presentation

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Sleep Apnea Devices Market size worth USD 8.8 billion by 2023

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Growing co-morbid condition prevalence including hypertension, type II diabetes, cardiovascular diseases, and obesity should be the major driving force for global sleep apnea devices market growth. Technology evolution, in terms of patient safety and comfort, government initiatives aiming at curbing the healthcare expenditure associated with these disorders will also stimulate industry development. – PowerPoint PPT presentation

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Title: Sleep Apnea Devices Market size worth USD 8.8 billion by 2023


1
Sleep Apnea Devices Market size worth USD 8.8
billion by 2023, with 7.7 CAGR from 2016 to
2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Sleep Apnea Devices Market
  • Global sleep apnea devices market size is
    anticipated to see 7.7 CAGR by 2023, at USD 8.8
    billion industry revenue valuation.
  •  
  • U.S. sleep apnea devices market size led North
    America, at over 88 of 2015 regional revenue.
    Favorable regulatory initiatives to control these
    disorders, introduction of portable and
    technologically advanced products, and rising
    incidence rates of co-morbidities will drive
    development. 
  •  
  • Diagnostics segment dominated global sleep apnea
    devices market share in 2015, generating revenue
    of more than USD 2.4 billion. 
  •  
  • Europe sleep apnea devices market share is slated
    to showcase stable growth, with UK and Germany
    bringing in over 44 of 2015 revenue.

3
Continued...
  • The sleep apnea devices industry is dominated by
    giant players globally, making it difficult for
    the new players to enter and sustain in the
    market. 
  • India sleep apnea devices market is the fastest
    growing industry in APAC, set to witness 11.3
    CAGR during the forecast period, followed by
    China. However, Japan grabs the largest share in
    terms of revenue exceeding USD 750 million by
    2023.
  •  
  • ResMed and Philips Respironics dominate global
    sleep apnea devices market share, with
    Carefusion, Cadwell, Braebon and Compumedics
    being other prominent participants.

4
U.S. Sleep Apnea Therapeutic Devices Market Size,
By Product, 2012 - 2023 (USD Million)

5

Browse Full Market Research Report On Sleep
Apnea Market _at_ https//www.gminsights.com/industry
-analysis/sleep-apnea-devices-market Request
for a Sample of this Research Report _at_
https//www.gminsights.com/request-sample/detail/4
89
6
360 Analysis
  • Products Analysis
  • Global sleep apnea devices market was dominated
    by diagnostics segment, valued at USD 2.5 billion
    in 2015, owing to rising awareness for early
    diagnosis of sleep apnea.
  • Regional Analysis
  • North America sleep apnea devices market was USD
    1.9 billion in 2015 remains the largest regional
    industry, the prime reason being government as
    well as trade association intervention to address
    untreated sleep apnea, and increased the
    awareness levels in the region. Favorable
    Medicare reimbursement policies pertaining to
    therapeutic devices such as CPAP (Continuous
    Positive Airway Pressure) device is also expected
    to propel growth.
  • Competitive Market Share
  • Global sleep apnea devices market share is
    oligopolistic in nature with ResMed and Philips
    Respironics together accounting for 65 of the
    market. The market share can be attributed to the
    rigorous research and development investments
    aimed at new product development. The market
    comprises several small players as well. Product
    innovation commercialization was a key growth
    strategy pursued by industry participants.


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