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Home Sleep Apnea Testing Devices Market

Global Home Sleep Apnea Testing Devices Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth

Global home sleep apnea testing devices market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 6% during the forecast period (2021-2027). Home sleep apnea testing devices are devices that detect sleep apnea in a person. This device monitors breathing rate and oxygen level while the person is asleep. Sleep apnea is a sleeping disorder in which a person stops breathing for a long time which harms the body due to a lack of oxygen in the body. It is of 3 types: obstructive sleep apnea, central sleep apnea, and complex sleep apnea. Obstructive sleep apnea is commonly found in old age people.

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The global home sleep apnea testing devices market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. This along with the growing aging population across the globe is causing an increase in the number of patients having sleep apnea. For instance, Obstructive sleep apnea is estimated to affect between 2-9% of adults in the United States, but many cases are believed to go undiagnosed, which fits with studies that have found considerably higher rates of OSA. Owing to these glaring statistics the demand for home sleep apnea testing devices is anticipated to grow in the forthcoming years. Furthermore, the advancement in technology and various benefits associated with the use of home sleep apnea testing devices has also led to the growing adoption of the home sleep apnea testing devices market.

Based on portability type, the market is segmented into portable and stationary. The portable device segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe as these portable testing devices offer enhanced diagnostic performance, reliability, and satisfaction to the patients.

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Based on the structure, the global home sleep apnea testing devices market is bifurcated into wired and non-wired. The non-wired segment occupied a substantial share and is expected to witness an exponential CAGR during the forecast period 2021-2027. These devices provide patients comfortable while sleeping with this machine. Furthermore, it is also cost-effective and it is easy to use which robust the home sleep apnea testing device market.

Additionally, the report provides detailed report also provides insights into the global home sleep apnea testing devices market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. In 2020, North America dominated the global market owing to the well-established market players and increasing geriatric population. Moreover, the presence of a vast majority of the global industry players and the surge in healthcare expenditure are some of the other prominent factors due to which the home sleep apnea testing devices market is expected to grow at an exponential rate in the upcoming years.

Compumedics Limited, Natus Medical Inc., Koninklijke Philips N.V., SOMNOmedics GmbH, ResMed, Itamar Medical, Nox Medical, SleepMed Incorporated, CleveMed, Cadwell Industries, are some of the key players operating in the global home sleep apnea testing devices market. Several M&As along with partnerships have been undertaken by these players to develop new devices.

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Global Home Sleep Apnea Testing Devices Market Segmentation

Market Insight, by Portability Type

  • Portable
  • Stationary

Market Insight, by Structure Type

  • Wired
  • Non-wired

Market Insight, by Device Type

  • Type 1
  • Type 2
  • Type 3
  • Type 4

Market Insight, by Region

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • France
    • Germany
    • Italy
    • United Kingdom
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Australia
    • Japan
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • Compumedics Limited
    • Natus Medical Inc.
    • Koninklijke Philips N.V.
    • SOMNOmedics GmbH
    • ResMed
    • Itamar Medical
    • Nox Medical
    • SleepMed Incorporated
    • CleveMed
    • Cadwell Industries, Inc.

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