German sleep apnea devices market is estimated to grow at a CAGR of 6.7% during the forecast period. Germany is the major contributor to the healthcare sector in Europe. The factors such as the increasing prevalence of behavioral health disorders, considerable resources of mental health, and a sophisticated healthcare system are the key factors that are expected to promote the growth of the market in the near future. As per WHO, the government’s total expenditure on mental health was 11.27% of the total government health expenditure in 2017. Additionally, total mental health expenditure per person was around $392 in 2017.
Moreover, the German sleep apnea devices market growth is attributed to the increasing prevalence of sleep disorders, increasing awareness level among patients and caregivers, and the availability of technologically advanced diagnostic and therapeutic devices. However, inadequate reimbursement coverage and patient compliance are expected to hamper the growth of the market in the near future. The high costs associated with the diagnosis and treatment of sleep apnea further tend to hamper the growth of the market in Germany.
The market is segmented on the basis of type into CPAP, sleep apnea machine masks, humidifiers, and others. Treatment is needed for sleep-wake disorders such as insomnia, obstructive sleep apnea as untreated disorder can result in serious health problems. Contiuous positive airway pressure is one of the most common devices used for the treatment of sleep apnea. Some of the players operating in the German sleep apnea devices market include Koninklijke Philips N.V, Medtronic PLC, ResMed Inc., Itamar medical Ltd., and others.
Research Methodology
The market study of the German sleep apnea devices market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report is intended for hospitals, sleep disorder device manufacturers, physicians, senior care centers, nursing centers, research organizations, investment companies, government organizations, regulatory authorities, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis of the market size and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. German Sleep Apnea Devices Market by Type
5.1.1. CPAP
5.1.2. Sleep Apnea Machine Mask
5.1.3. Humidifiers
5.1.4. Others
6. Company Profiles
6.1. Apex Medical Corp.
6.2. Curative Medical Inc.
6.3. Invacare Corp.
6.4. Itamar Medical Ltd.
6.5. Koninklijke Philips N.V.
6.6. LivaNova PLC
6.7. Medtronic PLC
6.8. Natus Medical Inc.
6.9. ResMed Inc.
6.10. SomnoMed AG
1. GERMAN SLEEP APNEA DEVICES MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
1. GERMAN SLEEP APNEA DEVICES MARKET SHARE BY TYPE, 2018 VS 2025 (%)