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The global sleep apnea treatment devices market size was USD 4.82 billion in 2018 and is projected to reach USD 8.97 billion by 2026, exhibiting a CAGR of 8.2% during the forecast period.
According to a study published by Sleep Review, around 1 billion people across the world were suffering from sleep apnea in 2018. The market for sleep apnea treatment is thriving due to rising prevalence of obstructive sleep apnea (OSA) coupled with high risk associated with OSA if left untreated. Also, growing usage of oral appliances and increasing number of companies venturing into are anticipated to favor the sleep apnea treatment devices market growth during the forecast period. This is further augmented by the growing demand for sleep apnea monitoring devices, including polysomnography (PSG), and other monitoring devices. This is presenting a large patient pool requiring treatment for sleep apnea.
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Rising Shift of Patients from CPAP to Other Alternatives for Treatment to Fuel the Market
Increasing resistance among patients using continuous positive airway pressure (CPAP) devices has been pivotal in the development of new alternatives for sleep apnea treatment. Non-adherence among patients is due to discomfort caused by the CPAP mask and the machine wires that can be cumbersome for a patient to manage while sleeping. It is estimated by various studies that the compliance rate for CPAP users, or those who are prescribed with CPAP and actually use it, has declined to 50.0%. This has led to introduction of alternative devices by market players such as oral appliances that have proved to be effective and offer comfort during treatment of mild to moderate OSA in patients. Thus, dipping adherence towards CPAP devices is propelling the shift of patients towards oral appliances for the treatment of OSA.
Rising Prevalence of Sleep Apnea is Boosting the Demand for Sleep Apnea Treatment Devices Globally
Sleep apnea is a type of sleeping disorder which can be fatal, wherein breathing of a patient is frequently interrupted during a sleep. Some of the major factors augmenting prevalence of sleep apnea are increasing prevalence of lifestyle disorders such as obesity, diabetes, hypertension, and rising geriatric population. For instance, according to the British Lung Foundation, in 2015, approximately 40.0% of people with obesity in the U.K were also suffering from obstructive sleep apnea (OSA). Also, according to the European Respiratory Society, it was estimated around 13.0% to 32.0% of elderly people in Europe were suffering from sleep apnea. Thus, increasing prevalence of sleep apnea among obese and geriatric population is expected to boost the demand of sleep apnea devices such as CPAP and oral applicators during the forecast period. The above factors, combined with increasing competition between players to fulfill the end user’s requirements, are further projected to introduce novel treatment devices and drive the market trends of sleep apnea treatment devices.
High Cost of CPAP Machines and Related Resistance among Patients to Limit the Growth of the Market
Despite increasing prevalence of obesity, diabetes, and other lifestyle related conditions globally, and presence of large patient pool suffering with sleep apnea disease worldwide, there are certain factors that are limiting the adoption of sleep apnea treatment devices. One of the major factors restraining the growth of the market is the high cost associated with CPAP machines. The CPAP device is preferred treatment option for obstructive sleep apnea (OSA) by healthcare providers. However, in most developed countries such as the U.S. and the U.K, the cost of a CPAP machine is either reimbursed or is provided by medical insurance companies. However, in emerging countries, conditions are different owing to the minimal medical coverage by reimbursement and private insurance companies. Additionally, increasing non-acceptance among patients for CPAP due to the discomfort-causing mask is expected to decline the demand of CPAP devices by the end of 2026. Hence, high cost of CPAP machines in emerging countries, coupled with rising shift towards alternative treatment, is anticipated to hinder the growth of market of sleep apnea treatment devices during the forecast period.
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Positive Airway Pressure (PAP) Devices Dominated the Global Market in 2018
Based on device type, the market is segmented into Positive Airway Pressure (PAP) devices, oral appliances, masks & accessories, and others. The positive airway pressure (PAP) devices are the most common devices used for the treatment of sleep apnea. Also, Continuous Positive Airway Pressure (CPAP) device is the preferred choice of treatment for obstructive sleep apnea. Thus, efficiency of CPAP and other PAP devices in sleep apnea treatment have been instrumental in the dominance of this segment.
Oral appliances are projected to register a higher CAGR during the forecast period. Shift of patient preference towards oral applicators and introduction of advanced devices with special features by market players are factors projected to fuel the demand for these devices during the forecast period. For instance, in 2019, Glidewell Dental launched Oasys Hinge appliance, a new mandibular advancement device that was intended for use by patients with sleep apnea.
Similarly, masks & accessories and others segments are expected to register a comparatively lower CAGR during the forecast period.
Homecare & Other Settings Emerged Dominant in 2018
Growing adoption of CPAP and other devices in homecare & other settings is attributed to the dominance of this segment in 2018. Growing prevalence of sleep apnea, along with adequate reimbursement policies provided by governments for patients residing in such settings, are some of the major factors responsible for higher proportion of sleep apnea patients being treated in these facilities.
On other hand, sleep clinics & laboratories segment accounted for a comparatively lower share of the market owing to fewer number of patients being treated in these facilities, subsequently resulting in lower adoption of sleep apnea treatment devices.
North America Sleep Apnea Treatment Devices Market Size, 2018 (USD Billion)
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The market for Sleep apnea treatment devices in North America was valued at USD 2.35 billion in 2018. The market in this region in characterized by higher prevalence of sleep apnea, coupled with adequate reimbursement policies for these devices. These factors, along with increasing awareness among patient population towards new treatment options and availability of advanced devices in the region, are responsible for the dominance of the region in the market share. The market in Asia Pacific is projected to register comparatively higher CAGR during the forecast period. Increasing use of sleep apnea devices in Japan and large and underpenetrated market prevalent in the Asia Pacific region are factors expected to drive the growth of the market during forecast period. The market in Latin America and the Middle East & Africa is currently growing at a moderate pace owing to lack of awareness about sleep disorders among general population, resulting in higher number of undiagnosed patients in these regions.
Emphasis on Acquisition of Other Market Players to Propel Philips to a Leading Market Position
In terms of revenue, Koninklijke Philips N.V. is one of the major players in the sleep apnea treatment devices market. Its dominance is attributed to its strategy of acquiring other players in the market such as Respironics and NightBalance. For instance, Philips, in May 2018, acquired NightBalance, a company based in the Netherlands that has developed advanced and easy-to-use devices to treat positional obstructive sleep apnea and positional snoring. This acquisition resulted in fortifying the company’s market position.
Other leading players of the market are ResMed and Fisher & Paykel Healthcare Limited. A diversified product portfolio of devices and constant innovations by the company leading to new device introductions are prominent factors responsible for the dominance of these companies. However, regional and domestic players such as SomnoMed, Oventus, BMC Medical Co., Ltd., Glidewell, DeVilbiss Healthcare LLC, and Braebon Medical Corporation have entered the oligopolistic sleep apnea treatment devices market with innovative and advanced devices. This is projected to positively impact the global market, and these companies are anticipated to gain market share during the forecast period.
An Infographic Representation of Sleep Apnea Treatment Devices Market
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The sleep apnea treatment devices market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over the recent years.
Value (USD billion)
By Device Type
By End User
Fortune Business Insights says that the global market of sleep apnea treatment devices was USD 4.82 billion in 2018 and is projected to reach USD 8.97 billion by 2026.
In 2018, the value of North America stood at USD 2.35 billion.
Growing at a CAGR of 8.2%, the market will exhibit significant growth in the forecast period (2019-2026).
Positive airway pressure (PAP) devices segment is expected to be the leading segment in this market during the forecast period.
Rising prevalence of sleep apnea disorder, coupled with the introduction of more advanced and innovative devices in the market, is fueling the demand for sleep apnea treatment devices.
ResMed, Koninklijke Philips N.V., and Fisher & Paykel Healthcare Limited are the leading players in the market of these devices.
North America dominated the market share in 2018.
Increasing awareness about sleep apnea is resulting in an increasing demand of these devices.
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