Sleep Apnea Implants Market
Global Sleep Apnea Implants Market Size, Share & Trends Analysis Report By Type (Hypoglossal Neurostimulation Devices, Phrenic Nerve Stimulator, Palatal Implants), By Indication Type (Obstructive Sleep Apnea, Central Sleep Apnea), By End-User (Hospitals & Clinics, Home Care) Forecast Period 2021-2027 Update Available - Forecast 2024-2030
Global sleep apnea implants market is anticipated to grow at a considerable CAGR of 10.6% during the forecast period (2021-2027). The rising awareness among population related to the adverse effects of sleep apnea if remain untreated is a key factor driving the growth of sleep apnea implants market. Sleep apnea is a sleep disorder which occurs when a person feels difficulty in breathing during sleep. People living with untreated sleep apnea stop breathing various time during their sleep. It causes less supply of oxygen to the brain and other parts of the body. Sleep apnea devices are the non-invasive form of therapy for patients suffering from sleep apnea. The presence of huge patient pool along with increasing healthcare spending is promoting the growth of global sleep apnea implants market.
In March 2021, Inspire Medical Systems, Inc. has announced that it has received the US FDA approval for an improved surgical implant procedure that eliminates one incision with a revised placement of the pressure sensing lead. This newly approved procedure is capable of reducing the average procedure time for Inspire therapy by approximately 20%. Innovative product launches and growing investment in R&D of these implants are some other factors driving the growth of the sleep apnea implants market across the globe. The increasing inclination of patients towards non-invasive procedures and increasing focus on the advancement of sleep apnea devices have created impressive opportunities for the growth of the sleep apnea implants market.
Impact of COVID-19 Pandemic on Global Sleep Apnea Implants Market
COVID-19 pandemic has made negative impact on the growth of the global sleep apnea implants market. Country lockdowns, suspended trade agreements, travel restrictions, reduced number of hospital visits for avoidable surgeries has led to a decline in medical services. Additionally, due to heavy reliance of medical device manufacturers on healthcare facilities for their clinical trial data collection these companies finding it difficult to make informed decisions about their products, supply chains, and regulatory obligations in the midst of uncertainty. The delays in FDA approval for implants are further restraining the market growth.
Segmental Outlook
The global sleep apnea implants market covers segments including type, indication type, and end-user. Based on type, the market is segmented into hypoglossal neurostimulation devices, phrenic nerve stimulator, and palatal implants. Hypoglossal neurostimulation devices segment held major market share in 2020 based on type. The higher adoption of hypoglossal neurostimulation devices owing to better results compared to other devices is a key factor contributing to the high share of this market segment. Based on indication type, the market is segmented into obstructive sleep apnea and central sleep apnea. Based on end-user, the market is segmented into hospitals & clinics and homecare.
Global Sleep Apnea Implants Market Share by Indication Type, 2020 (%)
Obstructive Sleep Apnea Held the Significant Share in the Market
According to the National Centre for Biotechnology Information, nearly 1 billion adults aged 30–69 years across the globe were estimated to have obstructive sleep apnea, with and without symptoms. The high prevalence of obstructive sleep apnea among population along with sufficient availability of its treatment option is a key factor driving the growth of this market segment.
Regional Outlooks
Geographically, the global sleep apnea implantsmarket report is analyzed based on four major regions including North America, Europe, Asia-Pacific, and Rest of the World (RoW). The North American region is anticipated to have a significant share in this market owing to a rising sedentary lifestyle, and significant presence of the geriatric population in the region. In addition, the presence of major market players in the US including 3B Medical, Inc., Aeroflow, Inc., Apex Medical Corp., and BMC Medical Co., Ltd. among others to further supports the growth of sleep apnea implants market in the region during the forecast period. North America is followed by Europe and the Asia-Pacific is anticipated to be the fastest-growing market during the forecast period.
Global Sleep Apnea Implants Market Growth, by Region 2021-2027
Asia-Pacific is projected to have a considerable share in the global sleep apnea implants market
Asia-Pacific is estimated to grow at a considerable rate in the global sleep apnea implants market. Countries in Asia-Pacific that are contributing to the market growth include China, India, and Japan. China is the largest contributor in Asia-Pacific sleep apnea implants market. The market in the region is largely driven by increasing workplace stress and the prevalence of various mental health disorders such as anxiety, depression, and others; which substantially raises the risk of sleep disorders. The growing disposable income and increasing healthcare spending across the region is further promoting the regional market growth.
Market Players Outlook
Some of the key players operating in the global sleep apnea market are 3B Medical, Inc., Circadiance LLC., DeVilbiss Healthcare LLC, Fisher & Paykel Healthcare Ltd., Invacare Corp., ResMed Inc., Somnetics International, Inc., and TotalCare eHealth. In order to sustain in the competitive market, these players adopt various strategies such as merger & acquisition, partnership & collaboration, expansions, joint ventures, and product development.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global sleep apnea implants market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Sleep Apnea Implants Industry
• Recovery Scenario of Global Sleep Apnea Implants Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
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
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Sleep Apnea Implants Market, By Type
5.1.1. Hypoglossal Neurostimulation Devices
5.1.2. Phrenic Nerve Stimulator
5.1.3. Palatal Implants
5.2. Global Sleep Apnea Implants Market, By Indication Type
5.2.1. Obstructive Sleep Apnea
5.2.2. Central Sleep Apnea
5.3. Global Sleep Apnea Implants Market, By End-User
5.3.1. Hospitals & Clinics
5.3.2. Home Care
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. 3B Medical, Inc.
7.2. Aeroflow, Inc.
7.3. AG Industries
7.4. Apex Medical Corp.
7.5. BMC Medical Co., Ltd.
7.6. Circadiance LLC
7.7. Curative Medical Inc.
7.8. Devilbiss Healthcare LLC
7.9. Fisher & Paykel Healthcare Corporation Ltd.
7.10. Invacare Corporation
7.11. Koninklijke Philips N.V.
7.12. Medtronic PLC
7.13. Mylan N.V.
7.14. Pacific Medico Co., Ltd.
7.15. PMD Device Solutions Ltd.
7.16. Respicardia Inc.
7.17. ResMed Inc.
7.18. Siesta Medical Inc.
7.19. SleepNet Corp.
7.20. Somnetics International, Inc.
7.21. TotalCare eHealth
7.22. Whole You, Inc.
1. GLOBAL SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
2. GLOBAL HYPOGLOSSAL NEUROSTIMULATION DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
3. GLOBAL PHRENIC NERVE STIMULATOR MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
4. GLOBAL PALATAL IMPLANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
5. GLOBAL SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY INDICATION TYPE, 2020-2027($ MILLION)
6. GLOBAL IMPLANTS FOR OBSTRUCTIVE SLEEP APNEA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
7. GLOBAL IMPLANTS FOR CENTRAL SLEEP APNEA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
8. GLOBAL SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY INDICATION TYPE, 2020-2027($ MILLION)
9. GLOBAL SLEEP APNEA IMPLANTS FOR HOSPITALS & CLINICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
10. GLOBAL SLEEP APNEA IMPLANTS FOR HOME CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027($ MILLION)
11. NORTH AMERICAN SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027($ MILLION)
12. NORTH AMERICAN SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
13. NORTH AMERICAN SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY INDICATION TYPE, 2020-2027($ MILLION)
14. NORTH AMERICAN SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027($ MILLION)
15. EUROPEAN SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027($ MILLION)
16. EUROPEAN SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
17. EUROPEAN SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY INDICATION TYPE, 2020-2027($ MILLION)
18. EUROPEAN SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027($ MILLION)
19. ASIA-PACIFIC SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027($ MILLION)
20. ASIA-PACIFIC SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
21. ASIA-PACIFIC SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY INDICATION TYPE, 2020-2027($ MILLION)
22. REST OF THE WORLD SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027($ MILLION)
23. REST OF THE WORLD SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027($ MILLION)
24. REST OF THE WORLD SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY INDICATION TYPE, 2020-2027($ MILLION)
25. REST OF THE WORLD SLEEP APNEA IMPLANTS MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL SLEEP APNEA IMPLANTS MARKET, 2020-2027($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SLEEP APNEA IMPLANTS MARKET BY SEGMENT, 2020-2027($ MILLION)
3. RECOVERY OF GLOBAL SLEEP APNEA IMPLANTS MARKET, 2021-2027(%)
4. GLOBAL SLEEP APNEA IMPLANTS MARKET SHARE BY TYPE, 2020 VS 2027(%)
5. GLOBAL SLEEP APNEA IMPLANTS MARKET SHARE BY INDICATION TYPE, 2020 VS 2027(%)
6. GLOBAL SLEEP APNEA IMPLANTS MARKET SHARE BY END-USER, 2020 VS 2027(%)
7. GLOBAL SLEEP APNEA IMPLANTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027(%)
8. GLOBAL HYPOGLOSSAL NEUROSTIMULATION DEVICES MARKET SHARE BY REGION, 2020 VS 2027(%)
9. GLOBAL PHRENIC NERVE STIMULATOR MARKET SHARE BY REGION, 2020 VS 2027(%)
10. GLOBAL PALATAL IMPLANTS MARKET SHARE BY REGION, 2020 VS 2027(%)
11. GLOBAL SLEEP APNEA IMPLANTS FOR OBSTRUCTIVE SLEEP APNEA MARKET SHARE BY REGION, 2020 VS 2027(%)
12. GLOBAL SLEEP APNEA IMPLANTS FOR CENTRAL SLEEP APNEA MARKET SHARE BY REGION, 2020 VS 2027(%)
13. GLOBAL SLEEP APNEA IMPLANTS FOR HOSPITALS & CLINICS MARKET SHARE BY REGION, 2020 VS 2027(%)
14. GLOBAL SLEEP APNEA IMPLANTS FOR HOME CARE MARKET SHARE BY REGION, 2020 VS 2027(%)
15. US SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
16. CANADA SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
17. UK SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
18. FRANCE SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
19. GERMANY SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
20. ITALY SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
21. SPAIN SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
22. REST OF EUROPE SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
23. INDIA SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
24. CHINA SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
25. JAPAN SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
26. SOUTH KOREA SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
27. REST OF ASIA-PACIFIC SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
28. REST OF THE WORLD SLEEP APNEA IMPLANTS MARKET SIZE, 2020-2027($ MILLION)
