(EMAILWIRE.COM, January 31, 2019 ) Growth in Sleep Apnea Devices Market can primarily be attributed to factors such as the increasing prevalence of sleep apnea globally owing to the increase of lifestyle diseases like obesity, initiatives by market players and the government to increase awareness regarding sleep apnea, and the various technological advancements brought about by players to make the products comfortable for patients and thus increase patient compliance and adherence to the treatment.

Research Methodology:

Top-down and bottom-up approaches were used to validate the size of the global sleep apnea devices market and estimate the size of other dependent submarkets.

Various secondary sources such as the American Academy of Sleep Medicine, American Sleep Medicine Foundation, American Association of Sleep Technologists, American Sleep Apnea Association, American Board of Dental Sleep Medicine (ABDSM), National Center for Biotechnology Information (NCBI), National Institute for Health and Care Excellence (NICE), National Institutes of Health (NIH), Canadian Sleep Society (CSS), Canadian Society of Respiratory Therapists (CSRT), etc.

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Canadian Sleep & Circadian Network, British Lung Foundation, European Sleep Research Society (ESRS), Sleep Diagnosis and Therapy (China), Japanese Association of Medical Doctors in Drug Industries (JAMDI), Australasian Sleep Association (ASA), SNORE Australia, Brazilian Sleep Society, World Health Organization (WHO), and Centers for Disease Control and Prevention (CDC), directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market.

Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market.

By end user, the sleep apnea devices market is segmented into sleep laboratories & hospitals and home care/individuals. The home care/individuals segment of the market is estimated to grow at the highest CAGR during the forecast period. This can be attributed to the preference for home care in sleep apnea diagnosed patients.

North America dominated the market in 2018

North America is expected to account for the largest share of the sleep apnea devices market in 2018, followed by Europe. The large share of this region can be attributed to the increasing obesity in the US which is in turn increasing the prevalence of sleep apnea, the high growth of the home sleep testing devices, and issuance of grants and funds by private and government institutions to promote awareness of sleep apnea as well as launch novel and technologically advanced products in the market space.

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ResMed (US), Koninklijke Philips (Netherlands), and Fisher & Paykel Healthcare (New Zealand) are the key players in the sleep apnea devices market. Other players involved in this market are SomnoMed (Australia), Compumedics (Australia), Löwenstein Medical (Germany), Whole You (US), BMC Medical (China), Drive DeVilbiss Healthcare (US), and Braebon Medical (Canada).

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