Obstructive sleep apnea (OSA) is the most prevalent form of sleep disorder. As per the National Sleep Foundation, over 18 million American adults suffer from sleep apnea and OSA affects 5–20% of the adult population. If the diagnosis or treatment of OSA is delayed, the risk of diseases such as stroke, chronic heart failure, high blood pressure, and atrial fibrillation increases. Some other risk factors of OSA are type 2 diabetes and depression. Attributed to these factors, the governments around the world are investing for raising awareness regarding OSA. This rising prevalence of OSA is resulting in the growing demand for different sleep apnea devices.

As per P&S Intelligence, in 2017, the global sleep apnea devices market generated a revenue of $4.4 billion and is expected to reach a value of $6.8 billion by 2023, registering a 7.7% CAGR during the forecast period (2018–2023). Sleep apnea devices are of two types: therapeutic and diagnostic. Between these two, the larger demand in 2016 was created for therapeutic devices, which are further predicted to witness the fastest growth in demand during the forecast period. Different types of therapeutic sleep apnea devices are positive airway pressure devices, oral appliances, facial interfaces, adaptive servo-ventilators, and others (which include stimulators, nasal stents, infusion pumps, and hypoglossal pacemakers).

Different types of diagnostic sleep apnea devices are home sleep testing devices, polysomnography devices, sleep screening devices, respiratory polygraphs, actigraphy devices, and pulse oximeters. The two end users of sleep apnea devices are at- home and sleep laboratories. Between these, the larger demand for sleep apnea devices was created by sleep laboratories in 2017 and the situation is projected to remain the same in the coming years as well. The faster growth in demand for sleep apnea devices is expected to be created for at-home applications during the forecast period, owing to the rising requirement for compact and easy-to-use sleep apnea devices that can be used by patients at home without any hassle.

The rising preference for home health care is a key trend being witnessed in the sleep apnea devices market. Patients suffering from sleep disorders have experienced improved quality of life, value-based treatment, and cost effectiveness with the adoption of home health care. Factors including rising geriatric population and surging healthcare cost at the patient’s end have contributed to the increasing requirement for improved home healthcare facilities around the world. The rising adoption and availability of wearable devices which monitor pulse rate, heartbeat, and oxygen saturation are enhancing the efficacy of the treatment of sleeping disorders.

When geography is taken into consideration, North America created the largest demand for sleep apnea devices in 2017 and is further predicted to create the highest demand for these devices during the forecast period. The reason for this is the supportive initiatives implemented by different non-government and government organizations to increase the awareness regarding sleep apnea disorders. The fastest growth in demand for sleep apnea devices in the coming years is expected to be witnessed by the Asia-Pacific (APAC) region, primarily because of the rising number of patients suffering from OSA.