Sleep Apnea Market: Snapshot
Sleep apnea is a chronic sleeping-related breathing disorder that is increasingly common worldwide. The sleep apnea market has made strides on the back of the continuously growing understanding of pathogenesis of obstructive sleep apnea (OSA). Companies developing therapies, both short-term and long-term, are targeting each of the phenotypes. Focus on developing cause-driven targeted approaches is a key trend that has paved way to novel product developments in the sleep apnea market.
The high health burden evident in the lost productivity and significant fatalities of accidents due to daytime OSA are factors propelling research into new targeted approaches. Researchers are also exploring on the factors that affect the adherence rates of new therapies. A case in point is continuous positive airway pressure (CPAP). Ongoing research on the efficacy of oral appliance therapies and upper airway surgeries will open new avenues in non-CPAP therapies for patients. This is likely to open new therapeutic targets for utilization in the sleep apnea market. There is a large unmet need for effective diagnostic and treatment approaches, leading to untreated OSA. A great deal has to do with reluctance among affected and lack of awareness among patients. The stigma related to OSA and lack of adequate diagnostic services are factors hindering the expansion of revenues in the sleep apnea market.
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
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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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?
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