Sleep apnea devices market to grow from USD 3.7 billion to USD 5.3 billion over 2015-2020
A MarketsandMarkets report estimated that the global apnea devices market will grow at a CAGR of 7.2% and will reach USD 5.3 billion in 2020 from USD 3.7 billion in 2015. The report divides the market into diagnostic and therapeutic devices based on types of products, into home care settings, and sleep laboratories and hospitals based on the end user and North America, Europe, Asia-Pacific, Latin America, Central America and Africa based on geographies. Oral equipment, in the therapeutic devices segment, will register a double-digit growth over the forecast period owing to improved reimbursement policies and rising cognizance. The home care settings segment is projected to report a rapid growth due to increasing number of patients diagnosed with sleep apnea. Some major players are ResMed, Philips Healthcare, Fisher & Paykel Healthcare, Compumedics, SomnoMed and Whole You.
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