Sleep Apnea Devices Market by Device Type, Companies, Forecast by 2027
Sleep Apnea Devices Market Will be US$ 8.7 Billion by 2027. Global Forecast, Impact of COVID-19, Industry Trends by Device Type, End User, Region, Opportunity Company Overview, Revenue.
By: Renub Research
The increasing prevalence of obesity and the rising geriatric population leads to a higher incidence of sleep apnea globally. The rise in incidence manifests a large patient pool requiring diagnosis and treatment for sleep apnea, driving the market's growth. Ample provisions of undiagnosed patients, and government initiatives to promote diagnosis, are also expected to boost the demand for diagnostic devices and subsequently drive the market's growth during the forecast period. Thereon, it is likely that the Sleep Apnea Machines Market is expected to expand at a CAGR of 7.63% from 2020 - 2027.
Restraints of Sleep Apnea Devices Market
COVID-19 Pandemic Impacts on this Industry
The outbreak of the COVID-19 pandemic has rigorously affected the management of sleep apnea patients worldwide. Several medical organizations like the European Respiratory Society and the American Academy of Sleep Medicine have recommended using telehealth and has provided guidelines to all sleep centres to postpone and reschedule the in-laboratory administration of PAP therapy and polysomnography, except in emergency cases.
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