A MicroMarketMonitor report predicts that the North America sleep apnea market is expected to reach $235.9 million in 2019, at a CAGR of 4.3% from 2014 to 2019.
The sleep apnea diagnosis and treatment pattern in North America has changed dramatically in recent years. As per a survey conducted by the Centers for Disease Control and Prevention in 2010, 36% of the adults in the United States were obese and nearly 42.0% are projected to become obese by the year 2030. Obesity is a major cause of sleep apnea in adults, as the increase in a person’s body mass index (BMI) directly leads to an increased risk of developing sleep apnea. Therefore, the rise in the obese population is likely to add to the pool of sleep apnea patients. The continuously growing sleep apnea patient base is a key factor that is driving the global sleep apnea device market. About 100 million people worldwide are suspected to have obstructive sleep apnea.
The gradually increasing awareness regarding sleep apnea and the available diagnostic and therapeutic options are significant factors that are expected to drive the growth of this market. In recent years, people have become more aware of sleep-related disorders like sleep apnea. This has led to major healthcare providers like Philips Respironics and ResMed to actively engage in the research and development of devices related to these disorders, which has consequently resulted in the growth of the sleep apnea market in this region, the report states.
In MicroMarketMonitor’s report, the sleep apnea devices market is segmented and forecast on the basis of its products and segments. The market is further divided into two segments, diagnostic and therapeutic devices. The report also analysis major countries, such as the United States, Canada, and Mexico. The market is segmented and analyzed further on the basis of major end users of these devices.
This report includes the market share and value chain analyses, along with the market metrics, such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market, including major companies.