Home Sleep Apnea Testing Device Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The home sleep apnea testing devices market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. This along with the the rapidly growing aging population across the globe is causing an increase in the number of patients having sleep apnea. For instance, Obstructive sleep apnea is estimated to affect between 2-9% of adults in the United States, but many cases are believed to go undiagnosed, which fits with studies that have found considerably higher rates of OSA. Owing to these glaring statistics the demand for home sleep apnea testing devices is anticipated to grow in the forthcoming years. Furthermore, the advancement in technology and various benefits associated with the use of home sleep apnea testing devices has also led to the growing adoption of the home sleep apnea testing devices market.

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According to UnivDatos Market Insights (UMI)’ research report “Global Home Sleep Apnea Testing Device Market Analysis, 2020”, the market is projected to grow at a CAGR of around 6% during 2021-27F. A large number of ongoing research activities in this field, rising government and public-private investments, and various advantages associated with the implementation of home sleep apnea testing devices such as favorable reimbursement policies, fast reading, quick results, ease to use, and most importantly comfortable for patients to wear it and sleep are some of the prominent factors contributing to the growth of the market globally.

Based on the Structure, the market is bifurcated into wired and non-wired. Non-wired type segment accounted for a considerable share in 2020 and is anticipated to register a lucrative CAGR during the forecast period owing to which leads to comfortable wearing for the patient and it is easy to handle as well as cost-effective. Additionally, this non-wired device has advanced in-built biosensors that improve patient comfort.

Type 3 Segment to Witness Robust growth

Based on device type, the market is segmented into type 1, type 2, type 3, and type 4. The type 3 segment had the highest revenue and CAGR growth in the analyzed period owing to which provides high effectiveness and efficiency in the diagnosis of obstructive sleep apnea to the patient.

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North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global Home Sleep Apnea Testing Device market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the presence of well-established market players and frequent product launches in the region. North America is expected to skyrocket with a CAGR of XX% in the forecast period, as stated in UnivDatos Market Insights (UMI)’ research report “Global Home Sleep Apnea Testing Device Market Analysis, 2020”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Home Sleep Apnea Testing Device Market include Compumedics Limited, Natus Medical Inc., Koninklijke Philips N.V., SOMNOmedics GmbH, ResMed, Itamar Medical, Nox Medical, SleepMed Incorporated, CleveMed, Cadwell Industries, Inc. among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Home Sleep Apnea Testing Device Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Home Sleep Apnea Testing Device providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Portability Type (Portable and Stationary)

2.      By Structure (Wired and Non-wired)

3.      By Device Type (Type 1, Type 2, Type 3, and Type 4)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Compumedics Limited, Natus Medical Inc., Koninklijke Philips N.V., SOMNOmedics GmbH, ResMed, Itamar Medical, Nox Medical, SleepMed Incorporated, CleveMed, Cadwell Industries, Inc., etc.)

Key questions answered in the study:

1.      What are the current and future trends of the home sleep apnea testing device industry?

2.      How the industry has been evolving in terms of portability type, structure, and device type?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the home sleep apnea testing device industry?

5.      What is the customer orientation, purchase behavior, and expectations from home sleep apnea testing device firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 HOME SLEEP APNEA TESTING DEVICE MARKET COVID-19 IMPACT

6 HOME SLEEP APNEA TESTING DEVICE MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY PORTABILITY TYPE

8 MARKET INSIGHTS BY STRUCTURE TYPE

9 MARKET INSIGHTS BY DEVICE TYPE

10 MARKET INSIGHTS BY REGION

11 HOME SLEEP APNEA TESTING DEVICE MARKET DYNAMICS

12 HOME SLEEP APNEA TESTING DEVICE MARKET OPPORTUNITIES

13 HOME SLEEP APNEA TESTING DEVICE MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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