Government initiatives for large scale technical advancements in the therapeutic obstructive sleep apnea devices

NEW YORK, NEW YORK, UNITED STATES, September 30, 2021 /EINPresswire.com/ -- According to the current analysis of Reports and Data, the global Therapeutic Obstructive Sleep Apnea Devices market was valued at 2.86 billion in 2018 and is expected to reach USD 6.22 billion by the year 2026, at a CAGR of 10.1%. Obstructive sleep apnea is the most predominant forms of apnea and is classified by frequent episodes of total or partial obstructions of the upper airway during nap, despite the effort to breathe, it is usually related with a reduction in blood oxygen saturation. The rise in obstructive sleep apnea is due to the geriatric population, also due to the occurrence of more than one disease linked with apnea. It is likely to fuel the growth of the market. Furthermore, improved awareness for disease diagnosis, healthcare spending, and patient adherence are projected to fuel revenue growth. The discomfort is due to the size of the upper airway lumen progresses with aging, which can cause obstructive apnea. United Nations (UN), had projected in the year 2017, the global geriatric population was likely to be about 962.0 million, and it is estimated to grow by more than double by 2050.

Advancement in the sleep apnea devices market is due to the large pool of undiagnosed sleep apnea, appropriate reimbursement scenario, and the growth in usage of oral appliances are also some of the significant factors which are estimated for the enhancement of the market in the forecast period. Obese patients are also likely to suffer from OSA as the total population in obesity likely to increase in the forecast period, and significant growth in the market of Therapeutic Obstructive Sleep Apnea devices is expected to boost the market in the coming years.

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Technological advancements and rapid digitization have streamlined the daily operations of the pharmaceutical industry. Increasing spending on medicine due to growing geriatric populace, rising incidence of chronic diseases, increasing number of product launches, and growing number of R&D activities are some key factors contributing to revenue growth of the market. Increasing focus on patient engagement solutions, rising focus to cater to growing unmet clinical demand, adoption of advanced technologies to streamline workflows in healthcare sector, and availability of skilled healthcare professionals has been positively impacting the pharma & healthcare industry. The emergence of COVID-19 pandemic has further increased focus on healthcare facilities, teleconsultation and telemedicine, and increased burden on the healthcare industry compelling governments and companies to invest heavily to cater to the growing global demand.

Further key findings from the report

The National Healthy Sleep Awareness Project reported that obstructive sleep apnea targets more than 25 million people in the United States and is a chronic disease that adversely affects the health of many The demand for diagnosis and better treatment has observed a rapid increase during the previous few years and generated exponential growth in the occurrence of sleep apnea, rising responsiveness, availability of reimbursement, and increasing patient adherence.

Europe has projected significant growth in the market share of 32.1% in the year 2018 due to the large burden of patients with obstructive sleep apnea development of new technology for diagnosis and treatment; it is expected to fuel the market in the forecast period.

The use of telemedicine had also boosted the therapeutic obstructive sleep apnea market as it has a significant role in better management of OSA. Advancements are done in devices that are capable of better signal acquisition, and analysis is predicted to improve obstructive sleep apnea diagnosis for better treatment. Smartphones are built-in with sensors that offer satisfactory comfort and also is possible with home sleep monitoring. Continuous positive airway pressure titration is performed with wireless devices, and a remote is used for better monitoring.

Manufacturers are taking initiatives to reduce the noise from CPAP devices. Fisher & Paykel’s Brevida nasal pillow mask unites in reducing noise and air draft. Technologies like ResMed nasal pillows, the AirFit P10, contains a mesh vent that reduces sound. However, nasal redness and burning are experienced by nasal pillow users. So the engineers have also created the AirPillow seal on the nasal pillows mask of Brevida. The seal expands to so that pillow of air to cushion the nose gently.

Oxygen Devices have held significant growth in the market share owing to the patient pool with respiratory problems, and obstructive sleep apnea

BMC Medical Co. Ltd; Fisher & Paykel Healthcare Limited; Curative Medical Inc.; Cadwell Laboratories; ResMed; Invacare Corporation; Braebon Medical Corporation; ImThera Medical Inc.; Phillips Respironics, Nihon Kohden; and Compumedics Limited are the key players of the Therapeutic obstructive sleep apnea devices market

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For the purpose of this report, Reports and Data has segmented the Therapeutic Obstructive Sleep Apnea Devices market on the basis of products, end use and region:

Products Outlook (Revenue in Million USD; 2016–2026)

PAP Devices

Continuous Positive Airway Pressure (CPAP)

Bi-level Positive Airway Pressure (BiPAP) Devices

Oxygen Devices

Oxygen Concentrators

Portable Oxygen Concentrators

Liquid Portable Oxygen

Oral Appliances

Adaptive Servo Ventilation (ASV) Devices

Masks and Accessories

Nasal Devices

Chin Straps

End Use Outlook (revenue in million USD 2016-2026)

Sleep Laboratories

Hospitals

Home Care /Individuals

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The report discusses in detail the top companies in the market along with their recent initiatives such as mergers and acquisitions, joint venture, partnerships, corporate and government deals, collaborations, and brand promotions and product launches among others. The report further discusses the companies’ initiatives and investments in key regions across the globe such as North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.

Region analysis Covers:

North America (U.S.A., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of Europe)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In conclusion, the report offers a comprehensive analysis of the factors expected to drive the global Therapeutic Obstructive Sleep Apnea Devices market growth over the forecast period of 2021-2028. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report also offers strategic recommendations to the established players as well as new entrants to help them gain a strong foothold in the market.

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