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Analysis of the Sleep Apnea Device Market in the United States

Posted on by darion

Dublin, July 01, 2024 (GLOBE NEWSWIRE) — “United States Sleep Apnea Devices Market, Size, Share, Forecast 2024-2030, Industry Trends, Growth, Insights, Types, Therapeutic Devices, Diagnostic Devices, End User, Countries and Company Analysis Report Added Research and Marketing.com offering.

The sleep apnea treatment device market in the United States is projected to grow from $2.02 billion in 2023 to a staggering $3.76 billion by 2032, implying a solid CAGR of 7.12% during 2023-2032.

Several factors are driving the market’s upward trend, including the rising prevalence of sleep apnea and growing awareness about the disease. However, the most important factor is the constant technological advances in sleep apnea treatment devices. These innovations are improving the quality of life for sleep apnea patients and driving the growth of the U.S. sleep apnea drug market, which is poised for significant growth in the foreseeable future.

The demand for sleep apnea treatment devices is increasing due to the increasing number of diagnosed cases of obstructive sleep apnea (OSA). A wide range of options are available, each designed to meet a patient’s specific needs. These include CPAP machines, oral appliances, and adaptive servo ventilation devices. The introduction of advanced, user-friendly devices that offer greater comfort and efficiency is a key factor for market growth.

The U.S. sleep apnea treatment device market is largely driven by an aging population that is most at risk for developing the disorder. The number of Americans aged 65 and older is expected to reach 82 million by 2050, up from 58 million in 2022. Additionally, the share of people aged 65 and older in the total population is expected to increase from 17% to 23%.

More than 5.8 million adults in the United States have been correctly diagnosed with sleep apnea. Companies continue to invest in research and development to improve the effectiveness, comfort, and use of devices. Partnerships and collaborations with healthcare providers and technical innovators are also becoming increasingly common tactics to expand market reach and deliver comprehensive solutions.

Home care facilities and individuals generate revenues in the subnational market

Home care facilities and individuals are the primary end users of sleep apnea products in the United States, such as CPAP devices that provide home therapy. This trend in healthcare toward home care allows people to manage their conditions without frequent hospitalization or clinic visits, improving adherence and long-term adherence to the treatment plan.

Many insurance policies cover sleep apnea equipment for home use, making it more affordable. Using the equipment at home helps patients integrate therapy into their daily activities, promoting continued use and improving treatment outcomes. In the United States, the American Sleep Apnea Association is a nonprofit organization that raises awareness of sleep apnea, improves treatments, and advocates for the interests of sleep apnea patients.

Pulse Oximeter Market in the United States

Pulse oximeters are commonly used in healthcare to measure hemoglobin oxygen saturation. They are non-invasive and comfortable, so they are widely used in hospitals. The pulse oximeter segment is expected to grow due to the rising prevalence of sleep apnea in the US. Continuous changes such as new product launches and partnerships will further strengthen this segment.

Key Features:

Report Attribute Details
number of pages 100
Forecast period 2023 – 2032
Estimated Market Value (USD) 2023 $2.02 billion
Projected market value (USD) until 2032 $3.76 billion
Compound Annual Growth Rate 7.1%
Regions covered United States

Company Analysis: Overview, Latest Events, Financial Insights

  • Home
  • Carefusion company
  • Somnomized
  • Philips NV Consoles
  • Compumedics
  • Natus Medical Limited Liability Company
  • Teleflex Company
  • Fisher & Paykel Healthcare

Types – Market Division from 2 Points of View

  • Therapeutic devices
  • Diagnostic devices

Therapeutic devices – the market has been further divided into segments from 4 points of view

  • CPAP sleep apnea therapy devices
  • Auto CPAP Sleep Apnea Therapy Devices
  • BiPAP sleep apnea therapy devices
  • Adaptive Servo Ventilation (ASV)

Diagnostic devices – the market has been further divided into 5 sub-points

  • Polysomnography devices (PSG)
  • Pulse oximeter
  • Actigraphy monitoring device
  • Respiratory polygraph
  • A device for testing sleep apnea

End user – market division from two points of view

  • Sleep laboratories, clinics and hospitals
  • Facilities/Home care

More information about this report can be found at https://www.researchandmarkets.com/r/gclij4

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  • US sleep apnea treatment device market