Albany, NY, Dec. 4, 2015 (GLOBE NEWSWIRE) -- The global sleep apnea diagnostic and therapeutic devices market for set to reach US$6,437.6 million by 2019 from an estimated value of US$3,805.3 million in 2012. The market is rapidly growing at a CAGR of 7.8% from 2013 to 2019, states Transparency Market Research in its new report titled 'Sleep Apnea Diagnostic and Therapeutic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019'.
Browse the full Sleep Apnea Diagnostic and Therapeutic Devices Market (Actigraphy, Polysomnography (PSG) systems, Positive Airway Pressure (PAP) Devices, Oral Appliances and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/sleep-apnea-devices-market.html
The report classifies the sleep apnea devices market based on diagnostic and therapeutic devices. The diagnostic devices segment is categorized into respiratory polygraph, polysomnography devices, actigraphy systems, and single channel screening devices (pulse oximeters), while the therapeutic devices segment is divided into positive airway pressure (PAP) devices, airway clearance systems, oral appliances, adaptive servo-ventilators (ASV), and oxygen devices. The research study indicates that novelty in design and constant innovation in therapeutic devices has furnished lucrative growth prospects for the sleep apnea devices market across the globe. In addition to this, several key market players have made an effort towards developing efficient sleep apnea devices that offer compact, comforting, and easy-to-use features when used.
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This can be validated by the introduction of implantable devices. Leading examples of novel treatment devices include compact continuous positive airway pressure (CPAP) device developed by Human Design Medical Company. The oral devices and positive airway pressure (PAP) devices segments are anticipated to record the highest growth over the forecast period of 2013 to 2019.The report summarizes how lack of sleep hampers the quality of life and productivity of an individual. Untreated sleep apnea leads to stroke, diabetes, hypertension, heart diseases, and many other conditions. "As a result, sleep apnea diagnostic and therapeutic devices are necessary to maintain a healthy and productive lifestyle," states a research analyst at TMR.
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The market for sleep apnea devices has been witnessing rapid technological advances, which further diagnostic and therapeutic activities. The speedy growth of the medical device industry is also boosting the overall growth of the sleep apnea diagnostic and therapeutic devices market on a global level. The research report involves a PESTLE analysis method to estimate the market for individual geographies and state the current and future status of the sleep apnea diagnostic and therapeutic devices market. According to these results, Europe and North America dominated the global sleep apnea devices market, accounting for more than 60% of the share in 2012. Growth in these regions is attributed to increasing awareness of sleep apnea and the presence of technologically sophisticated sleep laboratories.
The Rest of the World and Asia-Pacific regions are expected to witness limited growth compared to developed regions in the world.
The global sleep apnea devices market is segmented into the following categories:
Sleep Apnea Diagnostic and Therapeutic Devices Market, by Diagnostic Devices
- Actigraphy Systems
- Polysomnography (PSG) Device
- Respiratory polygraph
- Single-Channel Screening Devices (pulse Oximeters)
Sleep Apnea Diagnostic and Therapeutic Devices Market, by Therapeutic Devices
- Airway Clearance Systems
- Adaptive Servo-Ventilation (ASV)
- Positive Airway Pressure (PAP) Device
- Oral Appliances
- Oxygen Devices
Sleep Apnea Diagnostic and Therapeutic Devices Market, by Geography
- North America
- Rest of the World (RoW)
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Global Self-Care Medical Devices Market to be Worth US$16.8 Billion by 2019: http://www.transparencymarketresearch.com/pressrelease/self-care-medical-devices.htm
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research