Sleep Apnea Diagnostic Devices Market Will Promptly Grow in Near Future 2030

Recently Published Report on “sleep apnea diagnostic devices Market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030|”.

The Global sleep apnea diagnostic devices market size is expected to reach around US$ 602.9 Million by 2030 and is anticipated to grow at a CAGR of 17.0% during forecast period 2021 to 2030.

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Report Highlights

Based on product type, Polysomnography (PSG) dominated the global sleep apnea diagnostic devices market with a revenue share of 60.0% in 2019. This large share is attributable to the development of new devices rendering enhancement in performance. Furthermore, the respiratory polygraph is expected to be the fastest-growing segment and is anticipated to witness a significant growth rate over the forecast period. This growth can be attributed to its cost-effective nature and ability to measure the patient’s condition in settings other than artificial laboratory testing.

In addition, the increasing incidence of comorbidities associated with OSA is increasing the adoption of its diagnostic devices. Sleep Disordered Breathing (SDB) is one of the conditions, which is a significant concern for OSA patients. For instance, it is estimated that nearly 30.0% of the people suffering from hypertension have SDB, which may extend up to 80.0% in patients suffering from drug-resistant hypertension. Therefore, the rising proportion of SDB associated with these comorbidities is anticipated to drive the market in the coming years.

North America dominated the market with a revenue share of 45.2% in 2019. Rising incidence of sleep disorders, increasing patient pool suffering from cardiovascular diseases, diabetes, and COPD, along with technologically advanced healthcare facilities, and better reimbursement facilities for such health conditions in the region are some of the key factors fueling the market growth.

On the other hand, in Asia Pacific sleep apnea diagnostic devices market is also expected to exhibit lucrative growth over the forecast period owing to constantly improving healthcare infrastructure and economic development. Furthermore, a growing number of patients suffering from OSA coupled with the growing prevalence of respiratory diseases and chronic conditions such as obesity and diabetes associated with sleep apnea are likely to propel market growth in the region during the forecast period.

Key Players

  • Natus Medical Incorporated

  • SOMNOmedics GmbH

  • Compumedics Limited

  • Itamar Medical Ltd.

  • Nihon Kohden Corporation

  • Vyaire Medical, Inc

  • CleveMed (Cleveland Medical Devices Inc.)

  • Cadwell Laboratories Inc.

  • Koninklijke Philips N.V.

Market Segmentation

  • Product Type Outlook 

    • Actigraphs

    • Polysomnography (PSG)

    • Respiratory Polygraphs

    • Pulse Oximeters

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

      • Spain

      • France

      • Italy

      • Russia

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Singapore

      • Australia

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East Africa

      • Tunisia

      • Egypt

      • South Africa

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

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