Actigraphy Devices to Dominate Sleep Apnea Diagnostic Devices Market from 2013 to 2019
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Research report states that the sleep apnea diagnostic and therapeutic devices
market stood at US$3.8 bn in 2012 and is predicted to reach US$6.4 bn by 2019.
It is expected to expand at a CAGR of 7.80% from 2013 to 2019. The title of the
report is “Sleep
Apnea Diagnostic and Therapeutic Devices Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2013 - 2019”.
As per the report, the prime
factors stimulating the market for sleep apnea diagnostic and therapeutic
devices are the ongoing product advancements, the rising awareness on sleep
apnea amongst people, and the continuous product modifications carried on by
prime players. These prime players have also taken various steps to manufacture
cutting-edge sleep apnea devices offering comfort, compactness, and ease of
use. In addition, the swift growth of the medical industry is also raising the
growth prospects of the sleep apnea diagnostic and therapeutic devices market.
On the other hand, factors such as the soaring cost of diagnostic procedures
and high discomfort levels are amongst the prime factors that may restrain the
growth of the market in the coming years.
On the basis of diagnostic
device, the market is segmented into polysomnography (PSG) devices, actigraphy
systems, single-channel screening devices (pulse oximeters), and respiratory
polygraphs. Amongst these, the segment of actigraphy devices is expected to
expand at the highest CAGR – more than 7% – and will be trailed by respiratory
polygraphs in the forecast horizon. The reason for the dominance of this
segment is the small and compact size of these devices and their ability to
support home testing with precision. Furthermore, the swift technological
advances and rising preference for compact and portable devices will further
augment the development of this segment.
In terms of therapeutic device,
the market is segmented into adaptive servo-ventilation, airway clearance
systems, positive airway pressure (PAP) devices, oxygen devices, oral
appliances, and others. Amongst these, the segments of oral appliances and
positive airway pressure (PAP) will register the highest growth rates in the
forecast horizon. This is owing to customized devices being made as per patient
compliance and symptoms within these two segments.
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On
the basis of geography, the sleep apnea diagnostic and therapeutic devices
market is segmented into Europe, Asia Pacific, North America, and Rest of the
World (RoW). Amongst these, Europe and North America led the market and held
the biggest share of over 60% in the market. The reason for the dominance of
these regions is the presence of adept specialists, rising awareness on sleep
apnea and cutting-edge sophisticated sleep laboratories in the region.
Moreover, favorable reimbursements and the high rates of obesity will further
augment the adoption of sleep apnea devices. On the other hand, regions such as
Asia Pacific and RoW are predicted to register limited growth rates owing to
the dearth of sophisticated healthcare infrastructure and absence of awareness
amongst people.
As per the report, the key
players dominant in the market are ResMed, Inc., CareFusion Corporation,
Philips Healthcare (Respironics), GE Healthcare, and Fisher & Paykel
Healthcare, among others.
The global sleep apnea
devices market is segmented into the following categories:
·
Sleep Apnea Diagnostic and Therapeutic Devices Market,
by Diagnostic Devices
o Actigraphy Systems
o Polysomnography (PSG)
Device
o Respiratory polygraph
o Single-Channel Screening
Devices (pulse Oximeters)
·
Sleep Apnea Diagnostic and Therapeutic Devices Market,
by Therapeutic Devices
o Airway Clearance Systems
o Adaptive Servo-Ventilation
(ASV)
o Positive Airway Pressure
(PAP) Device
o Oral Appliances
o Oxygen Devices
o Others
·
Sleep Apnea Diagnostic and Therapeutic Devices Market,
by Geography
o North America
o Europe
o Asia-Pacific
o Rest of the World (RoW)
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