Outlook on the Worldwide Sleep Apnea Therapeutic & Diagnostic Devices Industry to 2024 – Insights & Forecast with Potential Impact of COVID-19…

May 05, 2020 07:13 ET | Source: Research and Markets

Dublin, May 05, 2020 (GLOBE NEWSWIRE) -- The "Global Sleep Apnea Therapeutic & Diagnostic Devices Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.

The factors such as the expansion of medical devices, rising prevalence of obstructive sleep apnea (OSA), growth in the geriatric population, increasing medical technology R&D spending and rise in obesity would drive the growth of the global sleep apnea device market. However, the market growth would be challenged by the high cost of CPAP, side effects associated with CPAP and stringent regulations. A few notable trends may include, rising investment in Artificial Intelligence (AI) startups, increasing focus on Telehealth, development of Hypoglossal Nerve Stimulation (HNS) and rising adoption of actigraphy diagnostic devices.

The global sleep apnea market has emerged out as very strong because of the rising number of sleep apnea cases across the world. The market is covered with a wide range of diagnostic as well as therapeutic devices. Positive Airway Pressure (PAP) devices are the widely used therapeutic method in the sleep apnea space because of the highly effective results. Rising awareness about sleep apnea and related comorbidities among people is playing a significant role in persuading people to undergo diagnosis as well as treatment therapies.

The fastest-growing regional market was North America with the highest incidence of obstructive sleep apnea cases. The U.S. has accounted for the highest share in the North America market due to the technological advances in mask designs, improved designs of CPAP and enhanced support services for PAP. Further, Europe has also evolved out as a prominent market with an increased pool of untreated sleep apnea patients. Both the regions have considerable growth potentials that would help in the expansion of the global sleep apnea market in coming years.

Scope of the report:

Key Topics Covered:

1. Overview

2. Impact of COVID-19 2.1 Rise in Number of COVID-19 Cases 2.2 Growth in Government Spending on Healthcare 2.3 Acceleration in Healthcare Internet of Thing (IoT) 2.4 Regional Impact

3. Global Market Analysis 3.1 Global Sleep Apnea Device Market by Value 3.2 Global Sleep Apnea Device Market Forecast by Value 3.3 Global Sleep Apnea Device Market by Type 3.3.1 Global Therapeutic Sleep Apnea Device Market by Value 3.3.2 Global Therapeutic Sleep Apnea Device Market Forecast by Value 3.3.3 Global Diagnostic Sleep Apnea Device Market by Value 3.3.4 Global Diagnostic Sleep Apnea Device Market Forecast by Value 3.3.5 Global Diagnostic Sleep Apnea Device Market by Device Type 3.3.6 Global Polysomnography (PSG) device Market Forecast by Value 3.4 Global Sleep Apnea Device Market by Region

4. Regional Market Analysis 4.1 North America 4.1.1 North America Sleep Apnea Device Market by Value 4.1.2 North America Sleep Apnea Device Market Forecast by Value 4.1.3 North America Sleep Apnea Device Market by Region 4.1.4 The U.S. Sleep Apnea Device Market by Value 4.1.5 The U.S. Sleep Apnea Device Market Forecast by Value 4.1.6 The U.S. Sleep Apnea Device Market by Product Type 4.1.7 The U.S. Therapeutic Sleep Apnea Device Market by Value 4.1.8 The U.S. Therapeutic Sleep Apnea Device Market Forecast by Value 4.1.9 The U.S. Diagnostic Sleep Apnea Device Market by Value 4.1.10 The U.S. Diagnostic Sleep Apnea Device Market Forecast by Value 4.2 Europe 4.2.1 Europe Sleep Apnea Device Market by Value 4.2.2 Europe Sleep Apnea Device Market Forecast by Value 4.2.3 Europe Sleep Apnea Device Market by Region 4.2.4 Germany Sleep Apnea Device Market by Value 4.2.5 Germany Sleep Apnea Device Market Forecast by Value 4.2.6 Germany Sleep Apnea Device Market by Product Type 4.2.7 Germany Therapeutic Sleep Apnea Device Market by Value 4.2.8 Germany Therapeutic Sleep Apnea Device Market Forecast by Value 4.2.9 Germany Diagnostic Sleep Apnea Device Market by Value 4.2.10 Germany Diagnostic Sleep Apnea Device Market Forecast by Value 4.2.11 The U.K. Sleep Apnea Device Market by Value 4.2.12 The U.K. Sleep Apnea Device Market Forecast by Value 4.3 Asia-Pacific 4.3.1 Asia-Pacific Sleep Apnea Device Market by Value 4.3.2 Asia-Pacific Sleep Apnea Device Market Forecast by Value 4.4 ROW 4.4.1 ROW Sleep Apnea Device Market by Value 4.4.2 ROW Sleep Apnea Device Market Forecast by Value

5. Market Dynamics 5.1 Growth Drivers 5.1.1 Expansion of Medical Device 5.1.2 Rising Prevalence of Obstructive Sleep Apnea (OSA) 5.1.3 Growth in Geriatric Population 5.1.4 Increasing Medical Technology R&D Spending 5.1.5 Rise in Obesity 5.1.6 Rapid Urbanization 5.1.7 Upsurge in Healthcare Expenditures 5.1.8 Growing Awareness about Sleep Apnea and Related Comorbidities 5.2 Key Trends and Developments 5.2.1 Rising Investment in Artificial Intelligence (AI) Startups 5.2.2 Increasing Focus on Telehealth 5.2.3 Development of Hypoglossal Nerve Stimulation (HNS) 5.2.4 Rising Adoption of Actigraphy Diagnostic Devices 5.3 Challenges 5.3.1 High Cost of Continuous Positive Airway Pressure (CPAP) Machines 5.3.2 Side Effects Associated with CPAP Therapy 5.3.3 Stringent Government Regulations

6. Competitive Landscape 6.1 Global Market 6.1.1 Key Players - Revenue Comparison 6.1.2 Key Players - R&D Expenditure Comparison 6.1.3 Key Players - Market Capitalization Comparison 6.1.4 Key Players - Sleep Apnea Product Portfolio

7. Company Profiles 7.1 Koninklijke Philips 7.1.1 Business Overview 7.1.2 Financial Overview 7.1.3 Business Strategies 7.2 ResMed 7.3 Invacare Corporation 7.4 Fisher & Paykel 7.5 Somnomed Ltd. 7.6 BMC Medical

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Outlook on the Worldwide Sleep Apnea Therapeutic & Diagnostic Devices Industry to 2024 - Insights & Forecast with Potential Impact of COVID-19...