GVR Report cover Sleep Apnea Devices Market Size, Share & Trends Report

Sleep Apnea Devices Market Size, Share & Trends Analysis Report By Product Type (Diagnostic Devices, Therapeutic Devices, Sleep Apnea Masks), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2021 - 2028

  • Published Date: Mar, 2021
  • Base Year for Estimate: 2020
  • Report ID: 978-1-68038-265-5
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 150

Report Overview

The global sleep apnea devices market size was valued at USD 3.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. Sleep apnea is a sleeping disorder, characterized by irregular breathing, thus providing insufficient oxygen to the brain. According to an American Sleep Association study published in 2020, an estimated 50 million to 70 million people in the U.S. are suffering from some form of sleep disorders. Moreover, according to Canadian Respiratory Journal in 2014, around 5.4 million adults in Canada were diagnosed with sleep apnea or were at higher risk of developing OSA. According to a study conducted by ResMed in 2018, around 175 million people in Europe were suffering from sleep apnea.

U.S. sleep apnea devices market size, by product type, 2016 - 2028 (USD Million)

The prevalence of sleep apnea is high in the elderly population and remains underdiagnosed owing to factors such as lack of awareness among people and non-specific presentation of the disease. The growing geriatric population due to increasing life expectancy is expected to lead to a rise in the prevalence of sleep disorders. For instance, according to the WHO, in 2018, the world’s population of people aged 60 and above is expected to reach 2.0 billion by 2050. Moreover, the global elderly population (above 60 years) will double from 12% to 22%. In addition, OSA is a common disorder in the elderly population, affecting around 13% to 32% of people above 65 years of age in 2020. An increase in the geriatric population is expected to boost the adoption of these devices, as this population group is more susceptible to sleep apnea. Furthermore, the prevalence of sleep apnea is increasing in the geriatric population, as comorbidities associated with sleep apnea are high in the elderly population.

Moreover, people with obesity and hypertension are more likely to develop sleep apnea. As per the analysis made by CDC, the prevalence of obesity in the U.S is 39.8%, accounting for nearly 93.3 million adults in 2015-2016. According to WHO in 2019, more than 50% of men and women living in Europe were estimated to be overweight. The average obesity rate in the region is 23.3%. Hence, the number of people affected is likely to increase over the forecast period.

COVID19 sleep apnea devices market impact: 5.9% increase in market

Pandemic Impact

Post COVID Outlook

The sleep market grew by 5.9% from 2019 to 2020, as per earlier projections the market was expected to be over USD 4.0 Billion in 2020

With easing restrictions and re - opening of sleep centers and clinics, the market will witness a year on year growth of over 6.3% for the next 3 years

Diagnostic devices suppliers witnessed a decline in sales revenue growth of sleep apnea diagnostic devices due to temporary closure of sleep clinics and medical equipment suppliers owing to quarantines and government restrictions.

The trend is shifting towards mHealth apps for remote monitoring of sleep, enhancement of patient outcomes, and real-time screening of patient data. Detection of symptoms of SA are done by the built-in sensor technology available in smartphones.

The production of CPAP devices has increased, since the outbreak of coronavirus, in countries such as the UK, Italy, and China as they are a less invasive alternative to ventilators.

A significant growth in cloud based patient was witnessed in 2020. For instance, Philips Respironics witnessed 34.5% increase in the number of devices connecting to their cloud-based patient management services from 2020. This trend is estimated to continue in the coming years.

 

In addition, according to Mayo Clinic, men are 2-3 times more likely to suffer from sleep apnea compared to women. As of 2017, the number of men in the U.S. was around 161 million and this number is growing at a rapid rate. Thus, the prevalence is expected to increase in the coming years. The presence of a large patient pool is further expected to boost the demand for treatment devices such as CPAP.

Comorbidities associated with sleep apnea include hypertension, obesity, diabetes, and cardiovascular diseases. OSA is characterized by the collapse of an airway, causing frequent episodes of apnea and hypopnea, which in turn causes irregularity in breathing and results in adverse effects on the body; for instance, it has been found that about 73% of patients diagnosed with episodes of stable heart failure suffer from Sleep Disordered Breathing (SDB). Moreover, it is one of the leading causes of hypertension. The severity of SDB is proportional to the risk of developing hypertension.

Product Type Insights

The therapeutic devices segment dominated the market and held the highest revenue share of 79.6% in 2020. Therapeutic devices include positive airway pressure devices, oral devices, nasal devices, and chin straps. Increasing awareness about these diseases, the rising availability of technologically advanced devices, the growing number of initiatives by local governments, and adherence to supporting treatment by patients are factors expected to provide lucrative opportunities for SA device manufacturers. This, in turn, is expected to drive the growth of the therapeutic devices segment over the forecast period.

Global sleep apnea devices market share, by product type, 2020 (%)

However, the sleep apnea masks segment is expected to grow fast over the forecast period. The adoption of SA masks is increasing owing to the growing prevalence of SA comorbidities and the increasing adoption of CPAP machines for disease management. Technological advancements in SA devices are anticipated to drive the adoption of SA masks. For instance, in 2019, ResMed launched AirFit N30i, its first top-of-head-connected nasal CPAP mask, across the U.S. with a newly designed nasal cradle cushion that sits just under the wearer’s nose.

Regional Insights

In 2020, North America dominated the sleep apnea devices market and accounted for the highest revenue share of 49.0%. The rising prevalence of respiratory disorders is leading to some or other form of sleeping disorder, which is driving the market. In addition, growing awareness about sleep apnea, a large patient pool, and the presence of international manufacturers are factors anticipated to strengthen the market share of this region. For instance, key players such as ResMed, Philips Respironics, and Somnetics International, Inc. have established a strong presence in the region and have also established strong distribution channels for easy supply of their products. Moreover, the number of therapeutic tests conducted in the region for confirming the presence of sleep apnea is rapidly rising, as many people are concerned about the health risks arising out of this condition.

However, in Asia Pacific, the market is anticipated to witness a significant growth rate during the forecast period. The rising geriatric population and increasing prevalence of lifestyle diseases are among the key factors driving the Asia Pacific market. For instance, according to the WHO, chronic respiratory diseases, diabetes, cardiovascular diseases, and cancer are some of the major conditions leading to the highest deaths in the region.

In addition, as per the IDF Diabetes Atlas 9th Edition, around 87.6 million people in the age group of 20 to 79 years suffer from diabetes in the South East Asia region. Such a rising prevalence of chronic conditions is expected to increase the adoption of sleep apnea devices in the region. As per a PubMed article, the prevalence of obstructive sleep apnea in Asia in middle-aged individuals ranges from 4.1% to 7.5% in males and 2.1% to 3.2% in females. As per an Asian Pacific Society of Respirology article, in May 2020, the prevalence in APAC countries ranged from 7.8% in Hong Kong to 77.2% in Malaysia, for mild sleep apnea cases. The research study highlighted names of four Asian countries among the top 10, with the highest prevalence of OSA. The countries with prevalence estimates for OSA with AHI > 15 events/hour were China (66 million patients, with a prevalence of 8.8%) and India (29 million, 5.4%).

Key Companies & Market Share Insights

Fierce competition between market participants to expand their geographic footprints and strengthen their customer pool through several product launches & new product developments are major factors anticipated to drive the market over the forecast period. For instance, In February 2021, Nyxoah SA, manufacturer of Obstructive Sleep Apnea (OSA) neurostimulator device, partnered with Vanderbilt University to create new neurostimulation solutions for OSA treatment. Some of the prominent players in the sleep apnea devices market include:

  • ResMed

  • Phillips Respironics

  • Fisher & Paykel Healthcare Limited

  • Curative Medical, Inc.

  • Invacare Corporation

  • Somnetics International, Inc.

  • BMC Medical Co., Ltd.

  • Natus Medical Incorporated

  • SOMNOmedics GmbH

  • Compumedics Limited

  • Itamar Medical Ltd.

  • Nihon Kohden Corporation

Sleep Apnea Devices Market Report Scope 

Report Attribute

Details

Market size value in 2021

USD 3.9 billion

Revenue forecast in 2028

USD 6.1 billion

Growth Rate

CAGR of 6.2% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product type, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; Spain; Italy; Russia; Portugal; Japan; China; Australia; India; South Korea; Singapore; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE

Key companies profiled

ResMed; Phillips Respironics; Fisher & Paykel Healthcare Limited; Curative Medical, Inc.; Invacare Corporation; Somnetics International, Inc.; BMC Medical Co., Ltd.; Natus Medical Incorporated; SOMNOmedics GmbH; Compumedics Limited; Itamar Medical Ltd.; Nihon Kohden Corporation

Customization scope

Free report customization (equivalent to up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research, Inc. has segmented the global sleep apnea devices market report on the basis of product type and region:

  • Product Type Outlook (Revenue, USD Million, 2016 - 2028)

    • Diagnostic Devices

      • Actigraphs

      • Polysomnography (PSG) device

      • Respiratory Polygraphs

        • Cardiologists

        • ENT Specialists

        • Homecare Nurses

        • Sleep Physicians

        • Pulmonologists

        • Primary Care Physicians/General Physicians

        • Others

      • Pulse Oximeters

    • Therapeutic Devices

      • Positive Airway Pressure (PAP) Devices

        • CPAP

        • APAP

        • Bi-PAP

      • Oral Devices

      • Nasal Devices

      • Chin Straps

    • Sleep Apnea Masks

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Russia

      • Portugal

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

      • Singapore

    • Latin America

      • Mexico

      • Brazil

      • Argentina

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • U.A.E.

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