2012-11-23 04:14:28 - Sleep Apnea Diagnostic and Therapeutic Devices: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
The world market for sleep apnea diagnostic and therapeutic devices is forecast to touch US$5.8 billion by 2015. The market is at a nascent stage with huge potential for future growth owing to low diagnosis rates, growing awareness and changing global demographics.Sleep apnea is a relatively new market in the medical field with interest in the field gradually gathering momentum. Lack of awareness among both patients and physicians is the primary reason for low penetration of sleep apnea diagnosis as well as therapy. About 100 million people worldwide are suspected to have Obstructive Sleep Apnea (OSA), of which more than 80% remain undiagnosed. The association of co-morbidities such as congestive heart failure, diabetes and hypertension with sleep apnea has resulted
in growing awareness about the disease. Another factor abetting the robust growth in sleep apnea diagnosis as well as therapy market is the changing global demographics with the world population percentage under the age group 60 and above projected to rise to 21% in 2050 from an estimated 10% in 2009 as stated by the new market research report on Sleep Apnea Diagnostic and Therapeutic Devices. Moreover, technology advancements such as improved mask design, bi-level devices, auto PAP devices, heated humidifiers, increased service support for CPAP users and reduction of mouth leak through a full-face mask, have enhanced patient compliance levels in recent years.The US leads the global sleep apnea market and accounts for a major share of the global market. Favorable reimbursement changes and development in Home Sleep Testing are likely to provide further impetus to the market in the US. The regions sleep apnea market continues to grow at a steady pace, despite the economic bottlenecks that adversely affected the performance of healthcare market in recent years. Therapeutic Devices dominate the overall sleep apnea market. By the year 2015, CPAP Devices market in the US is projected to cross US$1.0 billion. In Europe, around 20 million people are affected by long-term, chronic sleep disorders. In addition, around 10 million people experience intermittent sleeping trouble. Growth in patient population in Europe is supported by the increasing cases of obesity and ageing population. European market for Sleep Apnea Diagnostic Devices is projected to reach US$114 million by 2013.The OSA industry is in a high flux position with the market witnessing continuous merger and acquisition activities over the years. Major players profiled in the study include CareFusion Corporation, DeVilbiss Healthcare, evo Medical Solutions, Inc., Fisher & Paykel Healthcare Limited, Embla Systems, Itamar Medical Ltd, Invacare Corporation, ResMed Inc, Respironics Inc, Teleflex Medical, and Weinmann.The research report titled Sleep Apnea Diagnostic and Therapeutic Devices: A Global Strategic Business Report provides a comprehensive review of trends, market drivers, companies, products, and competition. Also included in the report are recent product developments, mergers, acquisitions, and other strategic industry activity. Product segments analyzed include Sleep Diagnostic Devices (Fixed PSG, Ambulatory PSG, Other Diagnostic Devices (Screening Devices)) and Sleep Therapeutic Devices (CPAP Devices, Auto PAP Devices, BiLevel PAP Devices, and Facial Interfaces (Masks and Humidifiers). The study presents trends and hard-to-find data and analytics for US, Japan, Europe and Rest of World markets.&
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