Obstructive sleep apnea Market is the most common sleep related beathing disorder and it is characterised by recurrent episodes of complete or partial obstruction of the upper airway leading to reduced or absent breathing at the time of sleep. These episodes are termed as apneas with complete or near-complete termination of breathing or hypopneas when the reduction in breathing is partial. In either case, a fall in blood oxygen saturation, a disruption in sleep or both may result. A high frequency of apneas or hypopneas during sleep may interfere with restorative sleep which in combination with disturbances in blood oxygenation is thought to contribute to negative consequences to healthy and quality of life.
Market Dynamics - Obstructive Sleep Apnea (Osa) Market
The obstructive sleep apnea (OSA) market is anticipated to grow at CAGR of 6.10% during forecast period of 2022-2028. The large pool of undiagnosed sleep apnea patients is propelling growth of obstructive sleep apnea market. Also, growing awareness among patients is also boosting growth of obstructive sleep apnea market. Increase in geriatric population is also refuelling growth of obstructive sleep apnea market. However, high cost of CPAP machines is likely to hinder the growth of obstructive sleep apnea market.
COVID-19 Impact on Obstructive Sleep Apnea (Osa) Market
The exclusive COVID-19 impact analysis report by axiom MRC provides a 360-degree analysis of micro and macro-economic factors on the obstructive sleep apnea market. In addition, complete analysis of changes on the obstructive sleep apnea expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The market witnessed the growth during owing to sudden outbreak of the COVID-19 pandemic. In first quarter of 2020, companies faced some operational and logistic challenges due to the imposition of nationwide lockdowns. However, eventually, the massive influx of COVID-19 patients and adverse impact of the virus on sleep apnea patients leads to rise in the demand and production of sleep apnea devices.
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Obstructive Sleep Apnea (Osa) Market Segmental Overview
The obstructive sleep apnea market is segmented into type, end user and geography.
Obstructive Sleep Apnea (Osa) Market by Type
Obstructive Sleep Apnea (OSA) is a sleep disorder characterized by repetitive episodes of breathing cessation or significant reduction in airflow during sleep due to the collapse of the upper airway. There are several types of OSA, including:
- Mild OSA: characterized by 5-14 apnea or hypopnea events per hour of sleep.
- Moderate OSA: characterized by 15-30 apnea or hypopnea events per hour of sleep.
- Severe OSA: characterized by more than 30 apnea or hypopnea events per hour of sleep.
The market for OSA treatment is growing rapidly, with an increasing number of people being diagnosed with OSA every year. The global OSA market is segmented based on type, diagnosis, treatment, and geography.
In terms of type, the OSA market can be classified into the following categories:
- Continuous Positive Airway Pressure (CPAP) Devices
- Oral Appliances
- Adaptive Servo-Ventilation (ASV) Devices
- Others (surgery, weight loss programs, and positional therapy)
CPAP devices are the most commonly used treatment for OSA, and therefore, hold the largest market share. However, the market for oral appliances and ASV devices is also growing rapidly due to their effectiveness in treating OSA.
Overall, the OSA market is expected to continue to grow as the number of people being diagnosed with OSA increases and as new and more effective treatments are developed.
Obstructive Sleep Apnea (Osa) Market by End User
The Obstructive Sleep Apnea (OSA) market can also be segmented based on end-users. The end-users for OSA devices and treatments include:
- Hospitals and Sleep Clinics: These facilities are the primary point of contact for patients with suspected OSA, and they often conduct diagnostic tests, such as polysomnography, to confirm a diagnosis. They also provide treatment for patients with moderate to severe OSA.
- Home Care Settings: OSA patients who require treatment with CPAP or other devices may prefer to receive treatment in the comfort of their homes. Home care providers often offer equipment rental, maintenance, and training for patients and their caregivers.
- Others: This category includes independent diagnostic testing facilities, specialty clinics, and physician offices that provide diagnosis and treatment for OSA.
The hospital and sleep clinic segment is the largest end-user of OSA devices and treatments, as these facilities are typically the first point of contact for patients with suspected OSA. Home care settings are also an important segment, particularly for patients who prefer to receive treatment at home or who live in remote areas with limited access to medical facilities.
Overall, the OSA market is expected to continue to grow as awareness of the condition increases and as new and innovative treatments are developed to meet the needs of patients in different settings.
Obstructive Sleep Apnea (Osa) Market Key Players
The major key players of the markets are Becton Dickinson (CareFusion Corporation), BMC Medical Co. Ltd, Braebon Medical Corporation, Cadwell Laboratories Inc., Compumedics Limited, Curative Medical Inc, Fisher Paykel Healthcare, GE Healthcare, ImThera, Invacare Corporation, Koninklijke Philips N.V., LivaNova, Nidek Medical India, Inspire Medical System, Somnomed, Oventus Medical and Drive Devilbiss Healthcare among others.
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