What is Sleep Apnea Diagnostics Market?
sleep apnea is a potentially serious sleep disorder in which breathing repeatedly stops and starts that can lead to serious health problems such as high blood pressure and heart trouble. In this condition, the brain and the rest of the body may not get enough oxygen. It is estimated that nearly 1 billion adults aged 30-69 years around the globe have obstructive sleep apnea. According to the American Sleep Apnea Association, sleep apnea affects more than 22 million Americans. The physician makes an evaluation based on the patient's signs and symptoms and a sleep history. Diagnostic tests of sleep apnea involve nocturnal polysomnography and home sleep tests. Increased prevalence of sleep apnea in adults, rise in the sedentary lifestyle diseases such as obesity, diabetes, growing number of geriatric population are the key factors driving the sleep apnea diagnostics market. This collectively results in an increased demand for sleep apnea diagnostics.
The market study is being classified by Type (Respiratory Polygraph, Sleep Apnea Screening Device, Polysomnography (PSG) Device, Actigraphy System and Oximeter) and major geographies with country level break-up.
Becton, Dickinson and Company (United States), Cadwell Laboratories Inc. (United States), Koninklijke Philips N.V. (Nehterlands), Natus Medical Incorporated (United States), SOMNOmedics GmbH (Germany), Compumedics Limited (Australia), Itamar Medical Ltd. (Israel), Nihon Kohden Corporation (Japan), Vyaire Medical, Inc. (United States) and CleveMed (Cleveland Medical Devices Inc.) (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are BMC Medical Co., Ltd (China) and Fisher & Paykel Healthcare Corporation (New Zealand).
There are various companies that are operating in the new geographical regions by adopting various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. There are various new market players are entering the market to capture market growth opportunities. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Sleep Apnea Diagnostics market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Sleep Apnea Diagnostics market by Type, Application and Region.
On the basis of geography, the market of Sleep Apnea Diagnostics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Prevalence of Sleep Apnea in Adults
- Rise in the Sedentary Lifestyle Diseases Such as Obesity, Diabetes and others
- Increased Number of Diagnostic Centres in Developing Countries
- Increased Awareness among People about Sleep Apnea
- Advancements in the Medical Science
- High Cost of the Sleep Apnea Diagnostics
- Growth in the Healthcare Sector Worldwide
- Increasing Preference for Home Healthcare Devices
- Huge Investments by Major Players
- Limited Reimbursement of these Devices
In April 2020, Cadwell Industries, Inc. has re-introduced the ApneaTrak home sleep apnea testing (HSAT) device, with three models to meet multiple levels of clinical needs to help diagnose sleep apnea and to test the efficacy of treatments. This device provides a customizable experience with non-proprietary inputs.
Key Target AudienceSleep Apnea Diagnostics Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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