Sleep Apnea Devices Market Analysis, Impact Of Covid-19 On Sales, Business Opportunities In 2021

 Global Sleep Apnea Devices Industry: Set To Witness Huge Growth By 2028

The global sleep apnea devices market size is anticipated to reach USD 10.23 billion by 2026 growing at a CAGR of 7.9% from 2018 to 2026 according to a new report published by Polaris Market Research.  The report ‘Sleep Apnea Devices Market Share, Size, Trends & Industry Analysis Report, By Diagnostic Devices (PSG, Respiratory polygraphs, Pulse Oximeters, Actigraphy Devices); By Therapeutic Devices (PAP, Oxygen Devices, Oral Appliances); By End User; By Region: Segment Forecast, 2018 – 2026’ provides insights on the current market scenario and the future prospects. In 2017, the Positive airway pressure (PAP) dominated the global Sleep Apnea Devices industry, in terms of revenue. North America was to be the leading contributor to the global market revenue in 2017.

 

Sleep apnea is an ailment which befalls when the brain as well as body obtain inadequate amount of oxygen where breathing process is interfered while sleeping. Obstructive Sleep Apnea (OSA) is the most common type of sleep apnea which is majorly triggered by airway blockage. Other forms of sleep apnea are central sleep apnea, and complex sleep apnea syndrome. In order to avoid such disease, it is essential to perform diagnostic tests on the patient to classify the appropriate therapeutic devices for treatment. Sleep apnea is extensively observed in the elderly population. There are multiple instances where sleep apnea is kept un-diagnosed due to factors such as non-specific exhibition of the disorder and lack of awareness amongst the patients.

 

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 Growing frequency of this disease along with the increasing need for appropriate diagnosis and effective treatment, increasing responsiveness among individuals, and growing geriatric population are some of the major factors encouraging the industry growth. Moreover, technological advancements augmenting comfort and safety is expected to enhance the usage of device rates especially in developed economies such as North America, which in turn is estimated to drive the market growth.

 

The sleep apnea diagnosis industry has witnessed rapid surge during the past decade. The growth is been attributed to the continuous development in sleep apnea device usage. According to the World Health Organization (WHO) reports, about 100 million individuals are suffering from sleep apnea. In addition, obstructive sleep apnea and is a chronic disease that unfavorably affects health. According to the National Healthy Sleep Awareness Project reports, around 25 million people are affected by this disease alone in the U.S.

 

Occurrence of sleep apnea surges the risk of other ailments such as abnormal glucose metabolism, depression, diabetes, high blood pressure, systemic hypertension, heart disease, and strokes. This all disorders further rises the total healthcare cost weight on the nation. Increasing consciousness regarding the sleep apnea along with welfare of using sleep apnea devices are anticipated to upsurge the revenue growth during the near future.

 

The North America was estimated to hold the highest market share during 2017. The large market share is majorly attributed to due to the high occurrence of Sleep-Disordered Breathing (SDB). Moreover, there is also a growing awareness amongst the for the novel and technologically advanced sleep apnea devices that are driving the growth of market growth in North America.

 

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Asia Pacific market is anticipated to be the fastest growing industry during the forecast period. Growing number of clinics and large number of undiagnosed patient pool are expected to form lucrative growth opportunity in the market. Key players present in this region are focusing on constructing favorable policies towards enhancing the consumer pool through introduction of advanced as and cost-effective devices which in turn is expected to provide robust growth opportunities in the market during the forecast period.

 

The well-known companies profiled in the Sleep Apnea Devices market report include Fisher & Paykel Healthcare (New Zealand), Koninklijke Philips (Netherlands), ResMed (US), Compumedics (Australia), Whole You (US), BMC Medical (China), Braebon Medical (Canada), Löwenstein Medical (Germany), Drive DeVilbiss Healthcare (US), and SomnoMed (Australia). These companies launch new products and collaborate with other leaders in the market to innovate and launch new products to meet the increasing needs and requirements of consumers.

Sleep Apnea Devices Market Size By Top Key Players and Future Trend

 The global silicone elastomers market size is anticipated to reach USD 9.34 billion by 2026 growing at a CAGR of 5.1% from 2018 to 2026 according to a new report published by Polaris Market Research.  The report ‘Silicone Elastomer Market Share, Size, Trends & Industry Analysis Report By Product Type (Liquid Silicone Rubber, High Temperature Vulcanized/High Consistency Rubber, Room Temperature Vulcanized), By Process, By End-Use, By Regions]: Segment Forecast, 2018 – 2026’ provides insights on the current market scenario and the future prospects.

 

Silicone elastomers has been gaining significant importance from a wide range of end-use industries, especially from the construction industry. Evolution of advance liquid silicone rubber (LSR) technology has experienced exponential growth mainly in the high-tech application fields. Silicone elastomers are also used widely in the medical appliances sector and its utility has been increasing every year with increasing trend towards self-treatment of chronic ailments including blood conditions, autoimmune diseases, and hormone diseases.

 

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In the other areas such as portable water and food processing, severely strict environmental as well as safety and health considered as catalyst to move to LSR. In the automotive industry, the rising trends of autonomous cars means vehicles are equipped with more and more electronic features, and that promotes the demand for integrated and super clean liquid silicone elastomer and LSR components. The growing demand for these products are related to demographics, urbanization and social changes as the growing affluent population has a higher buying power for electronics and other categories of lifestyle consumables.

 

Silicone elastomers are used widely in the present original equipment manufacturing industry owing to its extreme versality that makes it compatible to a wide range of end-use conditions. As silicone are liquid raw materials, it offers superior advantages in processing, which makes it the premier option for materials to be used for technical components in high volumes.

 

HVSR are also used in a wide variety of industries including the electronics, electrical and automotive, transmission along with the distribution industry, construction industry, process and mechanical engineering, and in food, health care and the medical sector.

 

The room temperature vulcanized rubbers also have an extensive portfolio. These specific product categories provide an advantage for the cured rubbers to be manufactured with extreme high level of versality and extremely specified properties. RTV -2 and RTV-1 rubbers offers versatile and unique solution portfolios for individual manufacturing issues in a variety of industrial sectors including optoelectronics, electronics, moldmaking, household appliance, industrial process engineering, mechanical engineering, solar/photovoltaics, and even health care applications. The RTV-1 rubber grades are also absolutely ideal for all types of bonding, sealing and coating applications. These silicone-based elastomers owing to their extremely characteristics find applications in these wide manufacturing sectors.

 

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The Asia Pacific industry is the leading silicone rubber producing regional market and accounted for approximately forty percent of the global market in 2017. China remained the fastest growing country for silicone elastomers in the region in 2017. These gains in the region were and are also anticipated to be driven by the continuous growth of China’s silicone and rubber industry along with India’s emerging silicone manufacturing industry. This is also owing to the favorable economic outlook for the higher income nations in the region.

 

The silicone-based elastomer manufacturing industry is a competitive market space with several multinational and diversified product manufacturing companies that play an active role. Some of the leading industry participants include Momentive Performance Materials Inc., Wacker Chemie AG, Dow Corning Corporation, Shin-Etsu Chemical Co., Ltd., Ltd., KCC Corporation, Mesgo S.P.A., China National Bluestar (Group) Co., Reiss Manufacturing Inc., Zhejiang Xinan Chemical Industrial Group Co., Ltd., Mesgo S.P.A., and Specialty Silicone Products Inc.