Sleep apnea is a life-threatening and serious sleep disorder that generally occurs when an individual’s breathing is disturbed during sleep. In individuals with sleep apnea, the tissue located behind the throat and between the mouth and the lungs briefly collapses and at times, it becomes so constricted that the breathing stops either momentarily or for longer durations and sometimes, for several minutes. During such events, the body sensors send a signal to the brain, which awakens the individual from sleep, leading to re-opening of the airways. People suffering from sleep apnea are unable to enjoy the deep level of recovery-style and restful sleep that is normally required by the body to function at an optimal capacity.

Sleep apnea has been classified into three categories viz. obstructive sleep apnea (OSA), mixed sleep apnea, and central sleep apnea (CSA). Obstructive sleep apnea (OSA) is the most prevalent type, accounting for 84% of all diagnosed cases of sleep apnea. In OSA, obstruction in the upper airway (the nose or the throat) stops the flow of air to the lungs. In central sleep apnea (CSA), the nasal airway is open, but the brain is unable to send signals to the muscles to breathe, due to which respiration does not occur. Mixed sleep apnea is a mixture of both CSA and OSA. Symptoms associated with sleep apnea include loud snoring, morning headaches, restless sleep, insomnia, and recurrent awakenings. Sleep apnea can also lead to several health issues such as high blood pressure, heart failure, stroke, irregular heartbeats, heart attacks, diabetes, and depression. The condition can be treated with the help of the continuous positive airway pressure (CPAP) treatment or sleep apnea dental devices. An individual can also be advised to undergo surgeries such as uvulopalatopharyngoplasty (UPPP) and mandibular maxillar advancement surgery.

The rising number of patients with sleep apnea across the globe is driving the sleep apnea market. According to a study conducted by the World Health Organization (WHO), the global prevalence of sleep apnea is around 100 million people. In the U.S. alone, the number of people with sleep-disordered breathing (SDB) is around 42 million. One out of five adults in the U.S. have mild OSA, while one out of 15 have moderate to severe OSA. The number is expected to increase in the next few years, primarily due to increasing incidence of sleep-related disorders. This is projected to drive the sleep apnea market from 2017 to 2025. The other factors anticipated to augment the market are increasing awareness about adverse effects of sleep apnea, growing use of oral appliances for the treatment of sleep apnea, and technological advancements resulting in the development of novel products for treating sleep apnea. On the contrary, alternative treatment options and patient compliance issues can negatively impact the market in the near future. Increasing number of companies entering the sleep apnea market and growth opportunities in emerging markets are factors projected to offer lucrative growth opportunities to manufacturers of sleep apnea treatment devices during the forecast period.

The global sleep apnea market has been segmented based on product, end-user, and region. In terms of product, the market has been classified into positive airway pressure (PAP) devices, oral appliances, pillows, nasal straps, and other accessories. In terms of end-user, the market has been segmented into hospitals, clinics, and home care settings.

In terms of geography, the global sleep apnea market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for a leading share of the global sleep apnea market, due to increasing prevalence of sleep apnea in the region and rising investments by manufacturers for the development of novel products with enhanced features for sleep apnea treatment. The market in Asia Pacific is anticipated to register the maximum growth rate during the forecast period, due to growing awareness among patients in the region about ill-effects of untreated sleep apnea.

Key players operating in the global sleep apnea market are Resmed, Inc., Fisher & Paykel Healthcare Ltd., Somnomed Limited, Philips Healthcare, Whole You, Inc., MEDiTAS Ltd, Sleeping Well, LLC, and Tomed GmbH.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Sleep Apnea Market

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