Market Scope
Market Research Future (MRFR) expects the sleep apnea device market 2020 to gain steadily at an approximate rate of 7.8% from 2018 to 2022 (assessment period). We will provide COVID-19 impact analysis with the report, along with an in-depth review post the coronavirus disease outbreak.
Market Drivers and Restraints
The sleep apnea devices market size can receive a considerable boost from the rising cases of OSA or obstructive sleep apnea across the globe. The mounting awareness level with regard to the condition, increase in early diagnosis and the surging demand among patients for positive airway pressure devices can also be crucial for market growth in subsequent years. The surge in medical coverage pertaining to sleep apnea devices worldwide could also be a key growth booster in the market over the conjectured period.
Sleep apnea devices market growth is also the outcome of the rapidly expanding geriatric population around the world, since this demography is especially susceptible to these kinds of disorders. Obstructive sleep apnea has emerged as one of the most common disorders among elderly people, with 13% to 32% individuals reported to be aged more than 65 years. World Health Organization or WHO claims that the population aged 60 years and more can touch 2 billion by the year 2050, which could translate to higher cases of sleep apnea and ultimately elevated demand for devices for the same.
Request Free Sample Report at: https://www.marketresearchfuture.com/sample_request/2061
On a dim note, low awareness level about sleep disorders among low and middle income population is expected to be a major growth deterrent in the coming years. On the bright side, the rising introduction of highly advanced devices by leading participants to enhance patient comfort, and safety as well as adoption could mean better treatment rates, particularly in developed nations. The growth of reimbursement policies that bring down healthcare costs among patients could also benefit the worldwide market in the long run. New product and app launches by renowned firms to boost brand awareness among consumers are some of the top sleep apnea devices market trends that could emerge over the next couple of years.
A case in point, in August 2020, Fisher & Paykel Healthcare launched F&P myMask, which is an app that guides patients suffering from obstructive sleep apnea and are not well aware about the target therapy. The app provides step-by-step instructions to the patients via cleaning and assembly, fine-tuning and mask fitting, thereby enhancing the services given by the healthcare professional.
Segmental Overview
The sleep apnea device industry has been reviewed in the MRFR report, while taking into a few key segments, namely type and end-user.
The key types of sleep apnea devices in the global market are therapeutic, diagnostic, Continuous Positive Airway Pressure (CPAP), Positive Airway Pressure (PAP), mask, Mandibular Advancement Device, Oral Appliance, Oximeter, PSG and more.
The industry end-users considered in the MRFR study are home care, hospitals and sleep laboratories. Out of these, the fastest scaling segment can be home care, given the growth in the aging population and the enhanced preference for value-based healthcare among patients.
Regional Study
In the MRFR report, the sleep apnea devices market share has been distributed among certain regions, which include North America, Asia Pacific/APAC along with Europe and RoW/rest of the world.
High awareness levels with regard to sleep apnea, massive patient pool, and the strong presence of well-known manufacturers have catapulted the North America market to the top position. The number of therapeutic tests carried out in the region is notable high as more and more people are now more focused on preventative healthcare and are willing to spend considerably on new and advanced devices. The sharp spike in the number of individuals afflicted with respiratory disorders over the past few years, also adds to the market attractiveness in the region.
MRFR expects the APAC market to progress at the fastest rate, largely owing to the expanding pool of undiagnosed patients and the rising healthcare spending to boost the infrastructure. An increasing number of companies in the region are striving to build strategies to come up advanced yet more cost effective devices to cater to price-sensitive consumers, which has been a major growth enhancer in the region. The escalating number of sleep laboratory facilities to test sleep apnea patients in Singapore, Malaysia and Philippines in conjunction with the increasing knowledge about OSA is also touted to work in the market’s favor.
Reputed Firms
The most reputed firms active in the sleep apnea device industry are Koninklijke Philips N.V. (Netherlands), ResMed (US), Fisher & Paykel Healthcare Limited (New Zealand), Invacare Corporation (US), GE Healthcare (US), BMC Medical Co, Ltd (China), ImThera Medical Inc. (US), Braebon Medical Corporation (Canada), Curative Medical (US), and Cadwell Industries, Inc.(US), to name a few.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/sleep-apnea-devices-market-2061
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 646 845 9312
Email: [email protected]
Precision viticulture is precision farming applied to optimize vineyard performance, in particular maximizing grape yield and quality while minimizing environmental impacts and risk.
This is accomplished by measuring local variation in factors that influence grape yield and quality (soil, topography, microclimate, vine health, etc.)
and applying appropriate viticulture management practices (trellis design, pruning, fertilizer application, irrigation, timing of harvest, etc.
).Precision viticulture depends on new and emerging technologies such as Global Positioning Systems (GPS), meteorological and other environmental sensors, satellite and remote sensing, and Geographic Information Systems (GIS) to assess and respond to variability.
The use of Precision Viticulture technologies can deeply help grape growers and wine producers manage variability within their vineyards and the factors influencing vine performance.
Growers are using these technologies to minimize expenditure.Request a Sample Report of Precision Viticulture Market @ https://dataintelo.com/request-sample/?reportId=3245Asia Pacific accounted for the largest share in the global precision viticulture market, in terms of value, in 2017, owing to the increasing awareness about precision viticulture practices.
Research Nester published a report titled “Sleep Apnea Device Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the sleep apnea device market in terms of market segmentation by product type, end user, and by region.Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.The sleep apnea device market is estimated to occupy a sizeable amount of revenue by growing at a significant CAGR during the forecast period, i.e., 2021 – 2029, owing to the rising occurrence of undiagnosed sleep apnea, major lifestyle changes and increasing usage of oral applications.
Apart from these, growing capital funding by leading medical companies for developing effective devices for sleeping disorders is also expected to drive market growth.The market is segmented by product type and end user.
Furthermore, the sleep masks segment is projected to grow at the highest rate, which can be credited to the rise in adoption of CPAP machines.Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-183Geographically, the sleep apnea device market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa.
North America region is evaluated to grab the largest share in the market during the forecast period attributing to the increasing prevalence of sleep disorders and strong presence of market players.
Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the future owing to the large patient pool and growing geriatric population.Increasing Incidences of Sleep Apnea to Boost Market GrowthSleep apnea is a serious disorder which is gaining wide recognition globally since the last few years.
This is the major factor expected to fuel the market in the near future.“The Final Report will cover the impact analysis of COVID-19 on this industry.”Download/Request Sample Copy of Strategic Report: https://www.researchnester.com/sample-request-183However, costly diagnosis and treatment for sleep apnea is expected to operate as key restraint to the growth of the sleep apnea device market over the forecast period.This report also provides the existing competitive scenario of some of the key players of the sleep apnea device market which includes company profiling of Koninklijke Philips N.V. (AMS: PHIA), ResMed Corp. (NYSE: RMD), Fisher & Paykel Healthcare Limited (NZE: FPH), Cadwell Industries Inc., GENERAL ELECTRIC COMPANY (NYSE: GE), BMC Medical Co., Ltd., Becton, Dickinson and Company (NYSE: BDX), Natus Medical Incorporated (NASDAQ: NTUS), Invacare Corporation (NYSE: IVC), Compumedics Limited (ASX: CMP), and others.
Research Nester published a report titled “Sleep Apnea Device Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the sleep apnea device market in terms of market segmentation by product type, end user, and by region.Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.The sleep apnea device market is estimated to occupy a sizeable amount of revenue by growing at a significant CAGR during the forecast period, i.e., 2021 – 2029, owing to the rising occurrence of undiagnosed sleep apnea, major lifestyle changes and increasing usage of oral applications.
Apart from these, growing capital funding by leading medical companies for developing effective devices for sleeping disorders is also expected to drive market growth.The market is segmented by product type and end user.
Based on product type, the segment for therapeutic devices is anticipated to grab the largest market share during the forecast period on the back of escalating application of nasal, oral and chin-strap devices and high availability of cutting-edge medical appliances.
Furthermore, the sleep masks segment is projected to grow at the highest rate, which can be credited to the rise in adoption of CPAP machines.Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-183Geographically, the sleep apnea device market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa.
North America region is evaluated to grab the largest share in the market during the forecast period attributing to the increasing prevalence of sleep disorders and strong presence of market players.
Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the future owing to the large patient pool and growing geriatric population.Increasing Incidences of Sleep Apnea to Boost Market GrowthSleep apnea is a serious disorder which is gaining wide recognition globally since the last few years.
