Sleep Apnea Devices Market is Expected to Gain Popularity Across the Globe by 2026

BRUSSELS - Sept. 15, 2022 - PRLog -- The Global Sleep Apnea Devices Market was valued at US$ 5.5 billion in 2021 and is set to witness a healthy growth rate of 7% in the next 5 years. A large number of undiagnosed sleep apnea patients, a shift towards home-sleep testing, favorable reimbursement for sleep apnea devices in key markets such as the U.S., increasing awareness of the negative impact of untreated sleep apnea, availability of funding/grants to revolutionize the diagnosis & treatment for OSA, and foray of a number of companies into the sleep apnea market are some of the key factors driving the global sleep apnea devices market. However, the lack of patient compliance to treatment, especially CPAP therapy, is one of the major challenges that is expected to hamper the market's growth.

Technological Advancements Drives the Sleep Apnea Devices Market
The sleep apnea devices market is a technology-driven market and is characterized by constant product improvements and innovations.

For instance,

• In October, 2021, AirAvant Medical introduced a new device called Bongo Rx for the treatment of obstructive sleep apnea (OSA). The device is touted as an alternative to continuous positive airway pressure (CPAP) and is clinically proven to treat mild to moderate OSA symptoms
• In August 2021, Resmed, launched AirSense 11, the next generation of the company's PAP (positive airway pressure) device. AirSense 11 includes new features such as Personal Therapy Assistant and Care Check-In designed to provide tailored guidance to PAP users, helping ease them into therapy and comfortable nightly use

Move Towards Home Sleep Apnea Test (HSAT) Fuels the Sleep Apnea Devices Market Demand
The traditional way of sleep apnea testing needed an overnight stay at a sleep lab. Though, the trend is quick-changing now and home sleep tests are now increasing in popularity. A home sleep apnea test (HSAT) is an overnight test that is conducted outside the hospital or sleep lab. These tests are conducted using a special device that measures sleep patterns during the night. HSATs cost less, generally require only a few monitors & straps, and can take place in the comfort of a person's home.

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