North America Sleep Apnea Industry Market 2021 : Global Research by Emerging Growth Factors, Regional Trend, Historical Analysis, Segmentation, Top Countries Data and Forecast 2030

In a recent published report, Kenneth Research has updated the market report for North America Sleep Apnea Industry Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for North America Sleep Apnea Industry Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

North America Sleep Apnea Market – Drivers, Opportunities, Trends, and Forecasts: 2018-2024
Overview: Sleep apnea is a condition in which a person stops breathing for few seconds at night either due to airway blockage or due to no signal from brain. In severe condition a person stops breathing more than 10 times an hour. American Journal of Epidemiology stated that, in 2013 around 26% of adults aged 30-70 have some type of sleep apnea, where 16% of them have mild sleep apnea and 10% have severe sleep apnea.

Among the diagnostic devices, the current gold standard for OSA is polysomnography. But the market adoption rate is high for actigraphy devices, and hence is expected to have the highest growth rate during the forecast period. Among the therapeutic devices, the PAP machines occupy significant share. Along with this, the market for their consumables is also high. But nasal obstruction, discomfort of the PAP masks, and nose & mouth dryness are some of the unmet needs of sleep apnea. 

The market for North America sleep apnea devices is growing due to the factors such as rising usage of oral appliances, growing awareness of ill effects of untreated sleep apnea in developed countries, and increasing lifestyle diseases such as diabetes, and obesity. However, alternative treatment for the sleep apnea, and stringent regulatory approval are hampering the market.

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Market Analysis: The “North America Sleep Apnea Device Market” is estimated to witness a CAGR of 7.7% during the forecast period 2018-2024. The Sleep Apnea Devices market is analyzed based on three segments – Device types, end-users and regions.

Regional Analysis Geographically, US dominated the North America sleep apnea devices market, followed by Canada. These two regions collectively occupy a share more than 90.0% of the total market. This was due to availability of technologically advanced sleep laboratories and increasing awareness of sleep apnea in these regions. Moreover, high obesity rate and good reimbursement facility are accelerating the growth of the market.
Device Types Analysis: Polysomnography (PSG), home sleep titration, and CPAP titration are the sleep apnea diagnosis techniques in the market. The market is dominated by the PSG diagnosis due to the high accuracy rate in the diagnosis of the condition. Nevertheless, the growth rate is majorly seen in the actigraphy devise segment owing to its high sensitivity during the sleep study process. 

Therapeutic devices such as positive airway pressure (PAP) devices, and oral appliances are widely used in the market, where PAP devices are the first line of treatment. However, nasal obstruction and discomfort of the PAP masks, and nose & mouth dryness are some of the unmet needs of sleep apnea. Oral appliance is used to address the unmet need of the CPAP devices.

End-Users Analysis: Among the end users, large market share is occupied by hospitals and sleep laboratories. Technological advancements in the devices are giving rise to user friendly and compact products. These factors are making the market of home sleep study products to grow at a high rate.
Key Players: The market leaders for sleep apnea devices are ResMed, Philips Healthcare, Becton Dickinson and Company (CareFusion) and Fisher and Paykel. Other leading players in the market includes SomnoMed ltd, Compumedics ltd, Cadwell Laboratories, Imthera Medical, Itamar Medical, and BMC Medical.

Competitive Analysis: Though sleep apnea is one of the most common conditions in the society, many people are unaware of its effects and symptoms, which has led to large undiagnosed population. Increasing awareness of the of the ill effects of the disorder among people, will widen the opportunity for the sleep apnea device manufacturer in the North American region. Availability of reimbursement will further help in the growth of the market.

Benefits: The report provides complete details about the usage and adoption rate of sleep apnea in various verticals and countries. With that, key stakeholders can know about the major trends, drivers, investments and vertical player’s initiatives. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.

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Table of Contents
1 Industry Outlook
1.1 Industry Overview
1.1 Total Addressable Market
1.1.1 Industry Trends
1.2 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Market Definition – Infoholic Research
3.2 Segment Addressable Market
3.3 Industry Trends
3.4 Related Markets
3.4.1 Nebulizers
3.4.1.1 Industry Trends
3.4.2 Continuous Positive Airway Pressure (CPAP)
3.4.3 Respiratory Drugs
3.4.3.1 Trends of Respiratory Drugs Market
3.4.4 Anti-Snoring Devices
3.4.4.1 Industry Trends
4 Market Outlook
4.1 Evolution
4.2 Types of Sleep Apnea
4.3 Market Segmentation
4.4 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increasing usage of oral appliances
5.1.1.2 Growing awareness about ill-effects of untreated sleep apnea in developed countries
5.1.1.3 Unhealthy lifestyle and Increasing prevalence of Obesity among the people
5.1.2 Opportunities
5.1.2.1 Huge pool of undiagnosed sleep apnea patients
5.1.2.2 Technological advances in diagnostics and therapeutic devices
5.1.3 Restraints
5.1.3.1 Stringent regulations for approval
5.1.3.2 Alternative treatment for sleep apnea
5.2 DRO – Impact Analysis
5.3 Key Stakeholders
6 Product: Market Size and Analysis
6.1 Overview
6.2 Diagnostics Devices
6.2.1 Home Sleep Testing
6.2.2 CPAP Titration
6.2.3 Polysomnography (PSG) Devices
6.3 Therapeutic Devices
6.3.1 Oral Appliances
6.3.2 Positive Airway Pressure (PAP) Machines
6.3.3 PAP Consumables
7 End-users: Market Size and Analysis
7.1 Overview
7.2 Hospitals and Sleep Laboratories
7.3 Home Care
8 Countries: Market Size & Analysis
8.1 Overview

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