Sleep Apnea Devices Market size worth USD 8.8 billion by 2023

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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
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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.

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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.

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

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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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