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The global sleep apnea devices market is being dominated by North America, which held the largest market share in 2020. The American Sleep Apnea Association (ASAA) was established in the United States in 1990, a non-profit organisation that provides sleep apnea awareness, seeks to develop the diagnosis and treatment of this serious disorder, and serves the interests of patients with sleep apnea.
Diagnostic devices held the highest market share of the sleep apnea devices market in 2020 and are likely to continue leading the market in the forecast period as early diagnostic demand was on the rise. Therapeutic devices are expected to witness a robust growth in the forecast period as consumer awareness levels increase.
In September 2020, Koninklijke Philips NV (OTCMKTS: RYLPF), one of the key players, unveiled a connected NightBalance sleep apnea monitor. The new sleep apnea product from Royal Philips is different from the traditional CPAP mask. Dubbed NightBalance, the system depends on the wearable device that is worn on the patient’s chest when they go to sleep.
Market Analysis by Diagnostic Devices, Therapeutic Devices, and Region:
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The major key players in the global sleep apnea devices market include companies like Fisher & Paykel Healthcare Limited, Koninklijke Philips NV, Invacare Corporation, Natus Medical Incorporated, Resmed, Cadwell Industries Inc., Vyaire Medical Inc., General Electric Company, Nihon Kohden Corporation, and Teleflex Incorporated, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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