Global Sleep Apnea Devices Market Industry People with Short Sleeping Time by Age Group US 202
DUBLIN, April 1, 2024 (Globe Newswire) — The “Sleep Apnea Devices – Market Share Analysis, Industry Trends and Statistics, Growth Forecasts 2021-2029” report has been added. ResearchAndMarkets.com Recruitment.
The sleep apnea devices market is expected to follow a significant growth trajectory, with the market size expected to expand from USD 8.2 billion in 2024 to USD 11.68 billion by 2029. This growth is projected to average an annual growth rate of 7.33% in 2020. Analysis period.
Progress and demographics driving growth
Market growth is driven by advances in medical devices, an aging population that is more susceptible to sleep disorders, and increasing awareness of sleep apnea in developing countries. Increasing geriatric population and rising prevalence of obesity and hypertension are also contributing significantly to market expansion.
Technological advancements in diagnostic equipment, especially pulse oximeters, are expected to witness the highest growth within the market segment. These devices are essential for non-invasively and continuously monitoring a patient’s hemoglobin oxygen saturation and are key to effectively diagnosing sleep apnea.
North America maintains dominance in sleep apnea device market
The North American region is poised to maintain its dominant position in the market throughout the forecast period. This advantage is supported by the increasing burden of sleep apnea associated with obesity and other comorbidities, as well as a robust healthcare infrastructure that can support technologically advanced treatments.
competitive market environment
The competitive environment in the sleep apnea devices market is robust, with major players such as Resmed, Fisher & Paykel Healthcare Limited, and Invacare Corporation holding significant market shares. The continuous flow of product innovations and the introduction of new players to the market highlight the competitive and dynamic nature of the industry. The growth trajectory of the sleep apnea devices market reflects the increasing demand for sleep apnea devices against the backdrop of prevalent health conditions and the proliferation of technologies designed to meet these medical needs. A wide range of factors are contributing to the market growth, and the industry is set to make significant progress in the coming years.
Companies mentioned in this report include, but are not limited to:
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FISHER & PAYKEL HEALTH CARE LIMITED.
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Koninkreike Philips NV
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Invacare Co., Ltd.
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Natus Medical Co., Ltd.
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ResMed
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Cadwell Laboratories Co., Ltd.
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Vier Medical Co., Ltd.
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GE Healthcare
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Nihon Kohden Co., Ltd.
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teleflex company
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Somnomed
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Oventus Medical
For more information on this report, please visit https://www.researchandmarkets.com/r/y2tozx.
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