According to the latest report published by Credence Research,
Inc. “Global Sleep Apnea Devices Market - Growth, Opportunities,
Competitive Analysis, and Forecast, 2016 - 2022,” the sleep apnea
devices market was valued at USD 3,942.5 Mn in 2015, and is expected to reach
USD 6,868.4 Mn by 2022, expanding at a CAGR of 8.1% from 2016 to 2022.
Market Insights
Sedentary lifestyle and associated lifestyle disorders, and
rising prevalence of obstructive sleep apnea will contribute to fair growth of
global sleep apnea devices market. Intensive R&D activities in developing
advanced therapeutic devices and home-care solutions demonstrate lucrative
future prospects for the global sleep apnea devices market.
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the full report Global Sleep Apnea Devices Market @ http://www.credenceresearch.com/report/sleep-apnea-devices-market
At present, the demand for home sleep testing methods is
consistently growing due added advantages such as ergonomic design of
respective devices and user-friendly features for use at comfort of home.
Persistent product development, commercialization of advanced products, and
growth in awareness about sleep apnea and related health hazards are the prime
factors contributing to the demand for sleep apnea devices market. However,
lack of patient compliance in home-use high costs of sleep apnea diagnosis are
some of the aspects that may hold back the desired market growth.
Currently, therapeutic devices hold the larger market share in
the overall sleep apnea devices market. Innovation and cost effective product
development play a critical role in the growth of this segment. Introduction of
portable CPAP devices and cheaper oral devices have urged the emergence of home
treatment for sleep apnea, thus opening lucrative avenue for sleep apnea
devices market. Development of customized treatment devices is expected to be a
key opportunity in the overall sleep apnea therapeutic devices market.
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The global sleep apnea devices market is highly fragmented with
several players scattered around various segments of the market. Regional
players also have a considerable presence in the respective markets. Some of
the major players active in the global sleep apnea devices market are
Respironics, CareFusion, GE Healthcare, Fisher & Paykel Healthcare and
others.
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