The prevalence of obstructive sleep apnea (OSA) has risen
considerably over the past few years. OSA is a serious sleep disorder and
causes the breathing to stop and start during sleep. This disease is a type of
sleep apnea and occurs when muscles of the throat relax intermittently and
block the airway while sleeping. Some of the major symptoms of OSA include,
loud snoring, excessive daytime sleepiness, abrupt awakenings accompanied by
choking or gasping, morning headache, and observed episodes of stopped
breathing during sleep. Attributed to this growing prevalence of OSA, the need
for sleep apnea devices is growing rapidly.
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As per a report by P&S Intelligence, the global sleep apnea devices market is predicted to attain a value of $6.8 billion by 2023, rising from $4.4 billion in 2017, and is expected to advance at a 7.7% CAGR during the forecast period (2018–2023). Sleep apnea devices are of two types therapeutic and diagnostic, between which, the demand for therapeutic sleep apnea devices was higher in the past, and these devices are further predicted to be more in demand in the coming years as well.
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All these devices are utilized at-home and at sleep
laboratories. The larger demand for sleep apnea devices in the past was created
by sleep laboratories in the past, which is owing to the rising per capita
healthcare spending and increasing investments by private and public
organizations. Other than this, the demand for sleep apnea devices for
utilization at-home is also projected to rise considerably in the years to
come. This can be ascribed to the rising need for easy-to-use and compact
devices in homecare settings across the globe.
