Kenneth Research recently added a report on ‘Sleep Apnea Devices Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Sleep Apnea Devices Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
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 $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Sleep Apnea Devices Market products.
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
According to Azoth Analytics research report “Global Sleep Apnea Devices Market – Analysis By Diagnostic Devices (Polysomnography, Respiratory Polygraphs, Pulse Oximeter, Actigraphy Devices), By Therapeutic Devices ( CPAP, APAP, Bi-PAP, ASV, Facial Interfaces, Oral Appliances), By End User, By Region, By Country (2018 Edition): Forecast to 2023 – By Region (N. America, Europe, APAC, ROW), By Country (U.S, Canada, Germany, Mexico, Germany, France, U.K, Japan, China, India, Australia, Brazil)”, global market is projected to display a robust growth represented by a CAGR of 10.6% during 2018 – 2023.
Over the recent years, global sleep apnea devices market has been witnessing growth, on account of several driving factors including rapidly increasing prevalence of sleep related breathing disorders, rising geriatric population, increase in obese population, increasing lifestyle diseases, increasing demand for non-invasive treatment methods and new device approvals along with increasing health expenditure in developing countries. Moreover, upcoming innovations in medical technology coupled with rapidly increasing demand for home healthcare, is expected to propel the market growth of sleep apnea devices. In this research report, the market is segmented on the basis of product type as well as end user. By product type, the segment of diagnostic devices is predicted to hold its dominant position in the market. Amongst the regions, North America accounts for the largest regional share in the global sleep apnea devices market in 2018.
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However, Asia Pacific is predicted to advance at the highest rate. Presence of vast consumer base, particularly in emerging nations such as China and India, in addition to growing per capita expenditure on healthcare is likely to drive the regional market.
The report titled, “Global Sleep Apnea Devices Market – Analysis By Diagnostic Devices (Polysomnography, Respiratory Polygraphs, Pulse Oximeter, Actigraphy Devices), By Therapeutic Devices ( CPAP, APAP, Bi-PAP, ASV, Facial Interfaces, Oral Appliances), By End User, By Region, By Country (2018 Edition): Forecast to 2023 – By Region (N. America, Europe, APAC, ROW), By Country (U.S, Canada, Germany, Mexico, Germany, France, U.K, Japan, China, India, Australia, Brazil)” has covered and analysed the potential of Sleep Apnea Devices market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, and challenges in the global sleep apnea devices market. Additionally, the report also highlights the company profiles of various leading companies across the globe along with product benchmarking. Moreover, this report has also covered global and regional market size and share by end user.
Scope of the Report
Global Sleep Apnea Devices Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Sleep Apnea Devices Market – Sizing, Growth, Forecast
• Analysis By Type – Diagnostic Devices and Therapeutic Devices.
• Analysis By Diagnostic Devices (Polysomnography, Respiratory Polygraphs, Pulse Oximeter and Actigraphy Devices)
• Analysis By Therapeutic Devices (CPAP, APAP, Bi-PAP, ASV, Facial Interfaces, Oral Appliances)
• Analysis By End User – Hospital/ Sleep Laboratories, Homecare/ Individual Use
Regional Markets – North America, Europe, Asia-Pacific and Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Sleep Apnea Devices Market – Sizing, Growth, Forecast
• Analysis By Type – Diagnostic Devices and Therapeutic Devices.
• Analysis By Diagnostic Devices (Polysomnography, Respiratory Polygraphs, Pulse Oximeter and Actigraphy Devices)
• Analysis By Therapeutic Devices (CPAP, APAP, Bi-PAP, ASV, Facial Interfaces, Oral Appliances)
• Analysis By End User – Hospital/ Sleep Laboratories, Homecare/ Individual Use
Country Analysis – U.S, Canada, Mexico, Germany, France, U.K, Japan, China, Japan, India, Australia and Brazil (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Sleep Apnea Devices Market – Sizing, Growth, Forecast
• Analysis By Type – Diagnostic Devices and Therapeutic Devices.
• Analysis By Diagnostic Devices (Polysomnography, Respiratory Polygraphs, Pulse Oximeter and Actigraphy Devices)
• Analysis By Therapeutic Devices (CPAP, APAP, Bi-PAP, ASV, Facial Interfaces, Oral Appliances)
• Analysis By End User – Hospital/ Sleep Laboratories, Homecare/ Individual Use
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Competitive Landscape
• Company Analysis – ResMed, Koninklijke Philips, Fisher & Paykel Health, SomnoMed, Compumedics, Itamar Medical Ltd., Whole You, Novasom, Lowenstein Medical, Braebon Medical.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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