Sleep apnea devices market to reach USD 11.68B by 2029

The “Sleep apnea devices – Market share analysis, industry trends & statistics, growth forecasts 2021 – 2029” report has been added to ResearchAndMarkets.com’s offering.

The sleep apnea devices market is anticipated to undergo a significant growth trajectory, with projections estimating the market size to expand from USD 8.20 billion in 2024 to USD 11.68 billion by 2029. This growth is forecasted at a compound annual growth rate of 7.33% during the analysis period.

Advancements and demographic trends fueling growth
Market growth is propelled by advancements in medical devices, an aging population susceptible to sleep disorders, and rising awareness of sleep apnea in developing nations. A growing geriatric population, alongside a higher prevalence of obesity and hypertension, are also significant contributors to the expansion of the market.

Technological strides in diagnostic devices, particularly pulse oximeters, are expected to register the highest growth within the market segment. These devices are essential for the noninvasive, continuous monitoring of hemoglobin oxygen saturation in patients and are key to diagnosing sleep apnea conditions effectively.

North America to maintain dominance in sleep apnea devices market
The North American region is poised to maintain its dominant position in the market throughout the forecast period. This dominance is supported by an increasing burden of sleep apnea linked to obesity and other comorbid conditions, as well as a robust healthcare infrastructure capable of supporting technologically advanced treatments. Research and Markets