Artificial Intelligence
Sleep Apnea Devices Market Size is projected to reach USD 6.79 billion by 2030, growing at a CAGR of 6.30%: Straits Research
New York, United States, June 15, 2023 (GLOBE NEWSWIRE) — The abnormal breathing pattern that a person experiences while they are asleep is a sign of the sleeping disorder known as sleep apnea. People with untreated sleep apnea experience interrupted breathing while they sleep because untreated sleep apnea results in the brain and the rest of the body receiving insufficient oxygen. This condition is more prevalent in older patients and those with diabetes, hypertension, cardiovascular disorders, and others. The most pervasive form of obstructive sleep apnea (OSA) must be diagnosed early and treated with devices.
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Development of Comorbidities Related Sleep Apnea Drives the Global Market
Comorbidities associated with sleep apnea include obesity, diabetes, cardiovascular disease, and hypertension. It has been discovered that 73% of patients with episodes of stable heart failure have sleep breathing problems, which are frequently characterized by apnea and hypopnea. Sleep apnea is also one of the leading causes of hypertension. The severity of SDB is inversely correlated with the likelihood of developing hypertension. More people are likely to seek out sleep apnea diagnosis and treatment in light of the prevalence of these comorbidities, driving up the demand for sleep apnea devices.
Growing Popularity of Home Sleep Apnea Tests Creates Tremendous Opportunities
People choose home sleep apnea tests (HSATs) more frequently because of their accessibility and simplicity of sleep apnea management at home. The pandemic has also increased the demand for telemedicine, which is anticipated to boost the market growth. The market for sleep apnea devices is growing due to emerging advanced technologies like artificial intelligence (AI).
Report Scope
| Report Metric | Details |
| Market Size by 2030 | USD 6.79 billion |
| Market Size in 2021 | USD 3.92 billion |
| CAGR | 6.30% |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | BMC Medical Co. Ltd, Carefusion Corp. (Part of Becton, Dickinson, and Company), Ge Healthcare, Koninklijke Philips N.V. (Philips Respironics), Resmed, Compumedics Limited, Curative Medical, Fisher & Paykel Healthcare Limited, Imthera Medical, Inc. (Part Of Livanova Plc), Invacare Corporation, Itamar Medical Ltd, Nihon Kohden, Natus Medical Incorporated, Somnetics International, Inc., and Braebon Medical Corporation. |
| Key Market Opportunities | Growing Demand for Home Sleep Apnea Tests (HSATs) |
| Key Market Drivers | Geriatric Population Growth Development of Comorbidities Related to Sleep Apnea |
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Regional Analysis
North America is the most significant shareholder in the global sleep apnea market and is expected to grow at a CAGR of 5.70% during the forecast period. North America is one of the leading regions for adopting sleep disorder-related technology. Some sleeping disorders are driving the market as respiratory diseases become more common. The presence of foreign manufacturers, the sizeable patient base, and the rising prevalence of sleep apnea are additional factors expected to boost this region’s market share. The growing use of sleep apnea devices by people who have sleep disorders or other medical conditions that can cause them is another factor driving growth.
Europe is anticipated to grow at a CAGR of 6.2%, during the forecast period. The top five European countries with the highest prevalence of sleep apnea are Russia, Germany, France, Ukraine, Spain, and the United Kingdom. In Europe, there are three times as many people with sleep apnea as in the US. However, fewer people are diagnosed in this region than in North America due to a lack of knowledge about sleep disorders. The market will likely be driven by the rising incidence of sedentary lifestyle-related diseases like obesity over the forecast period.
The increasing geriatric population and the rising prevalence of lifestyle diseases are two significant factors driving the Asia Pacific sleep apnea devices market. The major players in the market are launching innovative products and other tactical initiatives to expand their market share and increase public awareness of the market’s primary driver, sleep apnea. The area’s failing healthcare infrastructure will likely aid growth. A further factor driving the market during the forecast period is the establishment of sleep laboratory facilities for testing patients with sleep apnea in countries like the Philippines, Singapore, and Malaysia.
Key Highlights
- The global sleep apnea devices market size was valued at USD 3.92 billion in 2021. It is expected to reach USD 6.79 billion by 2030, growing at a CAGR of 6.30% during the forecast period (2022–2030).
- Based on product type, the global sleep apnea devices are bifurcated into diagnostic devices, therapeutic devices, and sleep apnea masks. The therapeutic devices segment is the highest contributor to the market and is expected to grow at a CAGR of 8.2% during the forecast period.
- North America is the most significant shareholder in the global sleep apnea market and is expected to grow at a CAGR of 5.70% during the forecast period.
Competitors in Sleep Apnea Devices Market
- BMC Medical Co. Ltd
- Carefusion Corp. (Part of Becton Dickinson and Company)
- Ge Healthcare
- Koninklijke Philips N.V. (Philips Respironics)
- Resmed
- Compumedics Limited
- Curative Medical
- Fisher & Paykel Healthcare Limited
- Imthera Medical Inc. (Part Of Livanova Plc)
- Invacare Corporation
- Itamar Medical Ltd
- Nihon Kohden
- Natus Medical Incorporated
- Somnetics International Inc.
- Braebon Medical Corporation.
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Segmentation of Sleep Apnea Devices Market
By Product Type
- Diagnostic Devices
- Therapeutic Devices
- Sleep Apnea Masks
By Regions
- North America
- Europe
- Asia-Pacific
- Latin America
- The Middle East and Africa
TABLE OF CONTENT
- Executive Summary
- Research Scope & Segmentation
- Research Objectives
- Market Definition
- Limitations & Assumptions
- Market Scope & Segmentation
- Currency & Pricing Considered
- Market Opportunity Assessment
- Emerging Regions / Countries
- Emerging Companies
- Emerging Applications / End Use
- Investment Landscape
- New Business Models / Revenue Streams
- TAM
- Market Trends
- Drivers
- Market Warning Factors
- Latest Macro Economic Indicators
- Geopolitical Impact
- Human Factors
- Technology Factors
- Market Assessment
- Porters Five Forces Analysis
- Value Chain Analysis
- Sales And Distribution Channel Analysis
- Trade Analysis
- Average Pricing Analysis
- Patent Analysis
- M & A Agreements & Collabration Analysis
- Cost Structure Analysis
- ESG TRENDS
- Global Sleep Apnea Devices Market Size Analysis
- Global Sleep Apnea Devices Market Introduction
- By Product Type
- Introduction
- Product Type By Value
- Diagnostic Devices
- By Value
- Therapeutic Devices
- By Value
- Sleep Apnea Masks
- By Value
- Introduction
- North America Market Analysis
- Introduction
- By Product Type
- Introduction
- Product Type By Value
- Diagnostic Devices
- By Value
- Therapeutic Devices
- By Value
- Sleep Apnea Masks
- By Value
- Introduction
- U.S.
- Canada
- Europe Market Analysis
- Introduction
- By Product Type
- Introduction
- Product Type By Value
- Diagnostic Devices
- By Value
- Therapeutic Devices
- By Value
- Sleep Apnea Masks
- By Value
- Introduction
- U.K.
- Germany
- France
- Spain
- Italy
- Russia
- Nordic
- Benelux
- Rest Of Europe
- APAC Market Analysis
- Introduction
- By Product Type
- Introduction
- Product Type By Value
- Diagnostic Devices
- By Value
- Therapeutic Devices
- By Value
- Sleep Apnea Masks
- By Value
- Introduction
- China
- Korea
- Japan
- India
- Australia
- Taiwan
- South East Asia
- Rest Of Asia-Pacific
- Middle East And Africa Market Analysis
- Introduction
- By Product Type
- Introduction
- Product Type By Value
- Diagnostic Devices
- By Value
- Therapeutic Devices
- By Value
- Sleep Apnea Masks
- By Value
- Introduction
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Egypt
- Nigeria
- Rest Of MEA
- LATAM Market Analysis
- Introduction
- By Product Type
- Introduction
- Product Type By Value
- Diagnostic Devices
- By Value
- Therapeutic Devices
- By Value
- Sleep Apnea Masks
- By Value
- Introduction
- Brazil
- Mexico
- Argentina
- Chile
- Colombia
- Rest Of LATAM
- Competitive Assessment
- Adoption Matrix
- Sleep Apnea Devices Market Share By Manufacturers
- Sleep Apnea Devices Market Ranking By Revenue For Manufacturers
- Average Price By Manufacturers
- Vendor Footprint Analysis
- Market Players Assessment
- BMC Medical Co. Ltd
- Overview
- Business Information
- Revenue
- ASP
- Gross Margin
- Swot Analysis
- Recent Developmments
- Carefusion Corp. (Part Of Becton Dickinson And Company)
- Ge Healthcare
- Koninklijke Philips N.V. (Philips Respironics)
- Resmed
- Compumedics Limited
- Curative Medical
- Fisher & Paykel Healthcare Limited
- Imthera Medical Inc. (Part Of Livanova Plc)
- Invacare Corporation
- Itamar Medical Ltd
- Nihon Kohden
- Natus Medical Incorporated
- Somnetics International Inc.
- Braebon Medical Corporation.
- BMC Medical Co. Ltd
- Research Methodology
- Research Data
- Secondary Data
- Major Secondary Sources
- Key Data From Secondary Sources
- Primary Data
- Key Data From Primary Sources
- Breakdown Of Primaries
- Secondary And Primary Research
- Key Industry Insights
- Secondary Data
- Market Size Estimation
- Bottom-Up Approach
- Top-Down Approach
- Market Projection
- Research Assumptions
- Assumptions
- Limitations
- Risk Assessment
- Research Data
- APPENDIX
- Discussion Guide
- Customization Options
- Related Reports
- DISCLAIMER
Table of Content and Figure @ https://straitsresearch.com/report/sleep-apnea-devices-market/toc
Recent Developments
- In September 2022, GE Healthcare and Wayra teamed up with seven health tech start-ups to accelerate the digital transformation of healthcare across Europe, the Middle East, and Africa.
- In February 2022, The TCM5 Flex Transcutaneous Monitor has been added to Compumedics’ already comprehensive line of sleep diagnostic products due to a collaboration with Radiometer Pacific. Compumedics is now the TCM 5 Flex’s authorized distributor in Australia and New Zealand.
News Media
Global Sleep Apnea Devices Market Grows Steadily at a CAGR of 6.30%
Global Respiratory Disposables Market Grows Steadily at a CAGR of 9.6 %
Sleeping Pills Market Trends Expected To Grow At a CAGR of 4.8%
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About Straits Research Pvt. Ltd.
Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
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Artificial Intelligence
TeraBox Celebrates 2nd Anniversary of Its Massively Popular Referral Program
Continuously expanding webmaster signups, especially in multiple regions, along with new highs in webmaster payouts, has ensured the smooth operation and continuous development of the project.
TOKYO, Sept. 21, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, recently celebrated the second anniversary of its hugely popular Referral Program, a testament to the smooth operation and continuous development of the project. The number of webmaster signups, including in multiple new regions, continued to increase steadily with webmaster payouts reaching new highs.
TeraBox reveals some of its impressive Referral Program data.
TeraBox’s total number of webmasters worldwide reached over one million.The highest daily income of webmasters reached over $10,000, with the top earner making nearly $180,000.The total number of shares by all webmasters exceeds 500 million.The network of webmasters spans across the globe, including countries such as India, Indonesia, the United States, Latin America, Middle East, and South Korea. Moreover, as TeraBox’s influence continues to grow, the platform is excited to welcome many new webmasters from an expanding range of countries and regions.
TeraBox has achieved significant milestones, demonstrating its sustainable growth and increasing user impact. The journey started with the Webmaster Center launch in August 2022. Following this, several optimizations were implemented, including a self-withdrawal feature that simplified earnings management for webmasters and increased their engagement. Additionally, the Growth Analysis tool provided webmasters with valuable insights into their operational performance, enabling more effective decision-making.
As a result of these enhancements, both the number of participating webmasters and their earnings have seen remarkable increases. Looking ahead, the upcoming launch of the Webmaster App in September 2024 is set to further elevate user engagement and convenience, solidifying TeraBox’s position as an industry leader.
About TeraBox
TeraBox, developed by Flextech Inc. in Japan, is a leading global cloud storage solution. Headquartered in Tokyo, TeraBox proudly serves over 320 million users globally, providing an easy yet powerful way to store and manage data. With its generous 1TB of free storage, TeraBox ensures that your files are safe, secure, and accessible from anywhere. As a secure, reliable, and convenient service, TeraBox is certified with ISO 27001, ISO 27701, and ISO 27018, offering individual users around the world the opportunity to register for 1TB (1024GB) of free storage.
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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, Huawei Cloud hosted a Summit themed “One Step to Intelligence, One Leap to Excellence”, gathering global industry leaders to explore the intelligent transformation trend, share pioneering cases, and assist customers in their journey to cloud-based operational excellence. At the summit, Huawei Cloud and global customers, unveiled the Data Center-to-Cloud solution and the PRIME Framework white paper.
Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, said: “Customers’ support enables us to innovate with finance, retail, autonomous driving, the Internet and many other sectors. By combining cutting-edge technologies with industry know-how, Huawei Cloud paves your way to digital and intelligence.”
Kevin Gao, President of Huawei Cloud Public Cloud Business, presented a keynote speech “One Step to Intelligence, One Leap to Excellence”. He outlined three critical factors for accelerating cloud migration and AI use: global infrastructure, continuous technological innovation, and lean operations.
In terms of global infrastructure, Huawei Cloud’s global infrastructure, KooVerse, offers extensive coverage, exceptional experience, and excellent quality. With 33 Regions and 93 Availability Zones (AZs) worldwide, Huawei Cloud supports over 10,000 customers in achieving business globalization. Huawei Cloud has interconnected with over 2,400 peers of global carriers, ensuring one hop to cloud and global business deployment for customers. Huawei Cloud data centers achieve Tier IV reliability.
Technological innovation is at the heart of Huawei Cloud’s mission to accelerate enterprise transformation. At this summit, three key areas were highlighted: compute upgrade, data-AI convergence, and application innovation.
The Data Center-to-Cloud solution released by Gao offers data center facilities, intelligent O&M, and DCN as a service, allowing customers to easily relocate and run dedicated compute resources on Huawei Cloud.
Huawei Cloud’s Ascend AI Cloud Service enables training jobs to run non-stop up to 40 days, shortens the fault recovery time to 10 minutes, and increases the linear scalability to 90% (the industry average are 2.8 days, 60 minutes, and 80%, respectively).
Huawei Cloud’s deterministic operations system has been adopted by over 300 global customers, maintaining a strong security record with zero intrusions and zero data breaches.
DeFacto from Türkiye leverages Huawei Cloud’s cloud native solution with Cloud Container Engine (CCE) and streamlines their services.
Huawei Cloud helps Chery to deploy, use, and manage the cloud. Currently, Huawei Cloud nodes in more than 10 countries and regions are providing services for Chery.
NavInfo has adopted Huawei Cloud’s R&D expertise and CodeArts software development pipeline to establish efficient development management standards and efficiency measurement systems.
Kingsoft and Huawei Cloud have collaboratively developed an excellence framework to optimize cost management.
Tencent Music’s Tianqin Lab has developed the MUSELight AI model acceleration framework, utilizing Huawei Cloud’s Ascend AI Cloud Service.
At the end of the summit, Huawei Cloud and global customers jointly released the Enterprise Excellence PRIME Model White Paper. This white paper offers a reference framework for enterprises to leap to excellence with digital and intelligent technologies.
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Artificial Intelligence
Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM with around 500K AMRs shipment by 2030 – LogisticsIQ
NEW DELHI, Sept. 20, 2024 /PRNewswire/ — The global Autonomous Mobile Robots (AMRs) market is poised for significant growth, driven by increasing demand for automation across various sectors, including logistics, manufacturing, and healthcare. According to the latest market research by LogisticsIQ (5th Edition), Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM by 2030 with a CAGR of ~30% between 2024 and 2030. We expect the installed base of AMRs to reach 2 million units in 2030.
Download a Free Sample of our report on Autonomous Mobile Robots Market
Key Market Drivers
Increased Efficiency: Businesses are rapidly adopting AMRs to enhance operational efficiency, reduce labour costs, and streamline workflows.Labor Shortages: The ongoing labour shortages in various industries have accelerated the need for automated solutions, making AMRs a crucial investment for companies.Technological Advancements: Innovations in artificial intelligence (AI), machine learning, and sensor technology are making AMRs more capable and reliable.Growing E-Commerce: The rise of e-commerce has created a demand for efficient warehouse management solutions, further boosting the AMR market.Regional Insights
North America leads the AMR market, accounting for the largest share due to the early adoption of automation technologies. Meanwhile, the Asia-Pacific region, especially China is expected to witness the fastest growth, fuelled by rapid industrialization and increasing investments in smart factories. US and China are going to contribute ~40% of this market by 2030.
Industry Applications
Autonomous mobile robots are being utilized in various applications, including:
Warehouse Automation: AMRs enhance inventory management and order fulfillment processes. This industry is expected to lead with more than 75% share by 2030.Manufacturing: Robots facilitate material handling and assembly line operations. Traditionally, it has been dominated by AGVs but are getting replaced by AMRs due to more flexibility and scalability features.Healthcare: AMRs assist in transporting medical supplies, improving patient care and operational efficiency. It is a niche market but high growing area to focus further.Purchase the full report on the Autonomous Mobile Robots Market – Growth, Trends, and Forecast
Top Factors & Challenges in the Autonomous Mobile Robots Market
Top Factors Driving Growth
Increased Demand for Automation: Businesses across industries are increasingly seeking automation to enhance efficiency and reduce operational costs.Technological Advancements: Innovations in AI, machine learning, and sensor technologies improve the capabilities and reliability of AMRs, making them more attractive to businesses.Labor Shortages: Ongoing labour shortages, especially in sectors like logistics and manufacturing, are pushing companies to adopt AMRs to maintain productivity.Growth of E-Commerce: The surge in online shopping requires efficient warehouse and logistics solutions, driving the adoption of AMRs for inventory management and order fulfillment.Improved Safety Standards: AMRs can reduce workplace accidents by taking over hazardous tasks, leading to safer working environments.Customization and Scalability: Many AMR solutions offer customizable features that allow businesses to scale operations according to their specific needs.Top Challenges
High Initial Costs: The upfront investment for AMRs can be substantial, which may deter smaller businesses from adoption.Integration with Existing Systems: Integrating AMRs into current operational workflows and legacy systems can be complex and resource-intensive.Regulatory Compliance: Navigating regulatory requirements and safety standards can pose challenges, especially in highly regulated industries.Limited Awareness and Understanding: Some businesses may lack knowledge about AMR technology and its potential benefits, hindering adoption.Technical Limitations: While technology is advancing, AMRs may still struggle with navigating complex environments or handling unexpected obstacles.Cybersecurity Concerns: As AMRs become more connected, they may be vulnerable to cybersecurity threats, requiring robust security measures.Know more about Autonomous Mobile Robots Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
500 Pages and 160+ Exhibits Market ReportRevenue and Shipment data segmented:By form factor (Deck-load, Tugger/Pull, Forklift)By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030A bottom-up analysis of Autonomous Mobile Robots Market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regionsIn-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of Autonomous Mobile Robots like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.2 Analyst Sessions to brainstorm furtherInvestment details excel file with 175+ M&A and ~1000 funding dealsLogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)About LogisticsIQ
LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
Media Contact
Name: Sunny M.Email: [email protected]: +91-952-918-4938
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