Sleep Apnea Diagnostics Market Outlook 2025 Opportunity and Growth Analysis with Top Key Vendors
According to a new report published by KD
Market Insights, titled,"Sleep
Apnea Diagnostics Market by
Product and End User: Global Opportunity Analysis and Industry Forecast, 2018 -
2025,"the global sleep apnea diagnostics market was valued at $99 million
in 2017, and is projected to reach $168 million by 2025, growing at a CAGR
of 6.8% from 2018 to 2025.
Sleep apnea is a serious sleep disorder that
decreases or stops the patients breathing patterns during sleep. In some cases,
this pause in breathing (called apnea) can last 10 seconds or longer and can
occur 30 times or more in an hour. Symptoms of sleep apnea include daytime
sleepiness, loud snoring, and restless sleep. Approximately 18 million
Americans suffer from sleep apnea, while only 20% have been diagnosed and
treated.
The sleep apnea diagnostics market is growing
at a significant pace due to surge in incidence of sleep apnea across the
globe. Further, leading manufacturers are focusing toward the technological
advancements in sleep apnea devices such as Fitbit has launched a wearable
smartwatch that can help in easy diagnosis of sleep apnea. However, expensive
tools used for the treatment of sleep apnea, limited reimbursement of these
devices, and low patient compliance are projected to hinder the market growth.
Moreover, gradual increase in preference for home healthcare devices is
projected to offer lucrative growth opportunities in the near future.
Based on product, the polysomnography (PSG)
device generated the highest revenue in 2017 and is expected to maintain this
dominance throughout the forecast period. This is attributed to the wide use of
these devices in the hospitals and sleep labs, as PSG enables the doctor
monitor varied parameters of sleep apnea, such as brain activity, muscle
activity, breathing activity, and more to get a comprehensive interpretation of
what disorder the patient is suffering from. However, the actigraphy monitoring
devices segment is expected to register the highest growth rate during the
forecast period, due to its increased use in the homecare settings.
Based on end user, the market is classified
into hospitals & sleep laboratories and home care settings. The hospital
& sleep laboratories segment dominates the global sleep apnea diagnostics
market due to the preference among patients to visit hospitals for the
diagnosis of sleep apnea. In addition, sleep labs possess all the different
equipment and medical settings required to monitor sleep apnea.
Browse Full Report & TOC: https://www.kdmarketinsights.com/product/sleep-apnea-diagnostics-market-amrr
Key Findings of the Sleep Apnea
Diagnostics Market:
- Based on product, the polysomnography (PSG)
device segment dominated the global sleep apnea diagnostics market in 2017, and
is expected to maintain this trend during the forecast period.
- Actigraphy monitoring device is expected to register the highest CAGR of 7.5% from 2018 to 2025.
- Based on end user, the home care settings segment is expected to register the highest CAGR of 7.2% from 2018 to 2025.
- U.S. generated the highest revenue in the global sleep apnea diagnostics market in 2017, accounting for more than half of the market in North America.
- Asia-Pacific was the highest contributor in the sleep apnea diagnostics market in 2017, and is anticipated to experience rapid growth during the forecast period.
- Actigraphy monitoring device is expected to register the highest CAGR of 7.5% from 2018 to 2025.
- Based on end user, the home care settings segment is expected to register the highest CAGR of 7.2% from 2018 to 2025.
- U.S. generated the highest revenue in the global sleep apnea diagnostics market in 2017, accounting for more than half of the market in North America.
- Asia-Pacific was the highest contributor in the sleep apnea diagnostics market in 2017, and is anticipated to experience rapid growth during the forecast period.
North America was the leading revenue
contributor to the global market in 2017, owing to increase in healthcare
investments by manufacturers and surge in R&D expenditure for the
development of sleep apnea diagnostics. Asia-Pacific is expected to witness the
highest growth rate throughout the forecast period, due to increase in
prevalence of sleep apnea owing to the rise in obesity, diabetes, hypertension
and other diseases that increases the probability of a person to get suffer
from sleep apnea.
The report provides an extensive competitive
analysis and profiles of the key market players, such as Cadwell Laboratories
Inc., DeVilbiss Healthcare LLC., Koninklijke Philips N.V., Medtronic plc,
Mindray, Natus Medical Incorporated, Nihon Kohden Corporation, Resmed, Smiths
Medical, and SomnoMedics. The other key players include Cleveland Medical
Devices, Inc., Compumedics Ltd., Fisher & Paykel Healthcare Limited, Vyaire
Medical, Inc., Becton, Dickinson and Company, BMC Medical Co., Ltd., and
others.
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