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Global Sleep Apnea and Respiratory Monitoring Devices Market

Sleep Apnea and Respiratory Monitoring Devices Market Size, Share & Trends Analysis Report By Products, By End-Users, Region, And Segment Forecasts, 2024-2031

Report ID : 1036 | Published : 2024-05-29 | Pages: 180 | Format: PDF/EXCEL

The Sleep Apnea and Respiratory Monitoring Devices Market Size is valued at USD 5,756.61 Million in 2023 and is predicted to reach USD 9,724.0 Million by the year 2031 at a 7.0% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

  • The prevalence of other respiratory conditions, such as COPD and asthma, also drives the demand for respiratory monitoring devices. The need for continuous monitoring and management of these conditions supports market growth.
  • Growing healthcare infrastructure and rising awareness in developing regions are opening new markets for sleep apnea and respiratory monitoring devices.
  • North America dominated the market and accounted for a global revenue share in 2023.
  • The process of gaining approval for medical devices can be protracted and rigorous, necessitating substantial effort and financial commitment from producers. This can result in a delay in the launch of new items and an increase in expenses.

sleep apnea

Sleep apnea is a sleep disorder in which a person's breathing is interrupted during sleep. Two types of sleep apnea are obstructive sleep apnea and central sleep apnea. If sleep apnea is left untreated, it may lead to diabetes, High blood pressure, Headaches, depression, Heart failure, and stroke. Respiratory monitoring plays an essential role in treating respiratory diseases, such as acute respiratory failure, chronic obstructive pulmonary disease (COPD), and asthma. Increasing demand for devices instead of surgeries will boost the sleep apnea and respiratory monitoring devices market growth over the forecast years.

High prevalence of sleep apnea and respiratory diseases, increasing geriatric population, changing lifestyle patterns, improper sleep patterns, and adoption of advanced technologies are driving the growth of this market. Moreover, rising awareness about sleep apnea and respiratory diseases is helping to enhance this business. Whereas, the high cost of systems, poor medical reimbursement policies, and shortage of skilled professionals are limiting the growth of this market.

Competitive Landscape

Some of The Key Players in The Sleep Apnea and Respiratory Monitoring Devices Market:

  • DeVilbiss Healthcare LLC.
  • Koninklijke Philips N.V.
  • Medtronic plc
  • Mindray
  • Natus Medical Incorporated
  • Nihon Kohden Corporation
  • ResMed
  • Smiths Medical
  • SOMNOmedics America Inc.
  • Itamar Medical Ltd.
  • Cleveland Medical Devices, Inc.
  • Compumedics Ltd.
  • Fisher & Paykel Healthcare Limited
  • Vyaire Medical, Inc.
  • Becton, Dickinson and Company
  • BMC Medical Co., Ltd.
  • Other Prominent Players

Market Segmentation

The sleep apnea and respiratory monitoring devices market can be segmented on the basis of products, End-Users, and Regions. On the basis of products, the market can be sub-divided into Polysomnography Device (PSG), Sleep Apnea Screening Device, Actigraphy Monitoring Device, Respiratory Polygraph, Peak Flow Meters, Gas Analyzers, Oximeter/Finger-Tip Oximeter, and Other Products. Polysomnography Device (PSG) segment has dominated the market and is expected to continue its trend over the forecast period, as the polysomnography device plays an important role in treating sleep apnea. Also, during treatment, it records data for multiple parameters such as patient’s brain waves, the oxygen level in the blood, heart rate and breathing, and eye and leg movements. On the basis of End-Users, the market is sub-segmented into Hospitals & Sleep Laboratories, Home Care Settings, and Other End-Users. The hospitals & Sleep Laboratories segment is expected to dominate this market, due to the increasing preference of patients to visit hospitals & sleep laboratories and the easy availability of necessary devices. In terms of geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Out of these regions, North America is expected to dominate the market over the forecast period.

Recent Developments:

  • In February 2024, ResMed announced that the San Diego-based company had introduced its AirCurve 11 series bilevel positive airway pressure devices in the United States. The AirCurve 11 series is the newest line of bilevel devices from ResMed that employs two degrees of support. They employ both expiratory and inspiratory positive airway pressure (EPAP and IPAP). AirCurve 11 was created to assist clinicians in treating sleep apnea while patients begin and continue therapy when combined with digital technologies.

The Sleep Apnea and Respiratory Monitoring Devices Market Report Scope

Report Attribute

Specifications

Market Size Value In 2023

USD 5,756.61 Million

Revenue Forecast In 2031

USD 9,724.0 Million

Growth Rate CAGR

CAGR of 7.0 % from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Million, Volume (Unit), and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Products, By End-Users

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

DeVilbiss Healthcare LLC., Koninklijke Philips N.V., Medtronic plc, Mindray, Natus Medical Incorporated, Nihon, Kohden Corporation, ResMed, Smiths Medical, SOMNOmedics America Inc., Itamar Medical Ltd., Cleveland Medical Devices, Inc., Compumedics Ltd., Fisher & Paykel Healthcare Limited, Vyaire Medical, Inc., Becton, Dickinson and Company, BMC Medical Co., Ltd., and Others

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

 

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Sleep Apnea and Respiratory Monitoring Devices Market Snapshot

Chapter 4. Global Sleep Apnea and Respiratory Monitoring Devices Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Industry Analysis – Porter’s Five Forces Analysis

4.6. Competitive Landscape & Market Share Analysis

4.7. Key Trends in the Market

4.8. COVID 19 Impact Analysis

Chapter 5. Market Segmentation 1: By Products Estimates & Trend Analysis

5.1. By Products & Market Share, 2019 & 2031

5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Products:

5.2.1. Polysomnography Device (PSG)

5.2.2. Sleep Apnea Screening Device

5.2.3. Actigraphy Monitoring Device

5.2.4. Respiratory Polygraph

5.2.5. Peak Flow Meters

5.2.6. Gas Analyzers

5.2.7. Oximeter/Finger-Tip Oximeter

5.2.8. Other Products

Chapter 6. Sleep Apnea and Respiratory Monitoring Devices Market Segmentation 3: By End-Users Estimates & Trend Analysis

6.1. By End-Users Analysis & Market Share, 2019 & 2031

6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2019 to 2031 for the following By End-Users:

6.2.1. Hospitals & Sleep Laboratories

6.2.2. Home Care Settings

6.2.3. Other End-Users

Chapter 7. Sleep Apnea and Respiratory Monitoring Devices Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2024-2031

7.1.2. North America Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2024-2031

7.1.3. North America Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By End-Users, 2024-2031

7.1.4. North America Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by country, 2024-2031

7.1.4.1. U.S.

7.1.4.2. Canada

7.2. Europe

7.2.1. Europe Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By Products, 2024-2031

7.2.2. Europe Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By Products, 2024-2031

7.2.3. Europe Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By End-Users, 2024-2031

7.2.4. Europe Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) by country, 2024-2031

7.2.4.1. Germany

7.2.4.2. Poland

7.2.4.3. France

7.2.4.4. Italy

7.2.4.5. Spain

7.2.4.6. UK

7.2.4.7. Rest of Europe

7.3. Asia Pacific

7.3.1. Asia Pacific Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By Products, 2024-2031

7.3.2. Asia Pacific Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By Products, 2024-2031

7.3.3. Asia Pacific Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By End-Users, 2024-2031

7.3.4. Asia Pacific Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) by country, 2024-2031

7.3.4.1. China

7.3.4.2. India

7.3.4.3. Japan

7.3.4.4. Australia

7.3.4.5. Rest of Asia Pacific

7.4. Latin America

7.4.1. Latin America Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By Products, (US$ Million) 2024-2031

7.4.2. Latin America Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By Products, (US$ Million) 2024-2031

7.4.3. Latin America Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By End-Users, (US$ Million) 2024-2031

7.4.4. Latin America Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2024-2031

7.4.4.1. Brazil

7.4.4.2. Rest of Latin America

7.5. MEA

7.5.1. MEA revenue Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By Products, (US$ Million) 2024-2031

7.5.2. MEA revenue Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By Products, (US$ Million) 2024-2031

7.5.3. MEA revenue Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) By End-Users, (US$ Million) 2024-2031

7.5.4. MEA revenue Sleep Apnea and Respiratory Monitoring Devices Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2024-2031

7.5.4.1. South Africa

7.5.4.2. Rest of MEA

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. DeVilbiss Healthcare LLC.

8.2.2. Koninklijke Philips N.V.

8.2.3. Medtronic plc

8.2.4. Mindray

8.2.5. Natus Medical Incorporated

8.2.6. Nihon Kohden Corporation

8.2.7. ResMed

8.2.8. Smiths Medical

8.2.9. SOMNOmedics America Inc.

8.2.10. Itamar Medical Ltd.

8.2.11. Cleveland Medical Devices, Inc.

8.2.12. Compumedics Ltd.

8.2.13. Fisher & Paykel Healthcare Limited

8.2.14. Vyaire Medical, Inc.

8.2.15. Becton, Dickinson and Company

8.2.16. BMC Medical Co., Ltd.

8.3. List of Other Prominent Players

Global Sleep Apnea and Respiratory Monitoring Devices Market Segmentation

Global Sleep Apnea and Respiratory Monitoring Devices Market Size (Value & Volume) & Forecasts and Trend Analyses, Based on Products

  • Polysomnography Device (PSG)
  • Sleep Apnea Screening Device
  • Actigraphy Monitoring Device
  • Respiratory Polygraph
  • Peak Flow Meters
  • Gas Analyzers
  • Oximeter/Finger-Tip Oximeter
  • Other Products

sleep apnea

Global Sleep Apnea and Respiratory Monitoring Devices Market Size (Value & Volume) & Forecasts and Trend Analyses, Based on End-Users

  • Hospitals & Sleep Laboratories
  • Home Care Settings
  • Other End-Users

Global Sleep Apnea and Respiratory Monitoring Devices Market Size (Value & Volume) & Forecasts and Trend Analyses, Based on Region

  • Europe
  • North America
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 Europe Sleep Apnea And Respiratory Monitoring Devices Market Revenue (US$ Million) And Volume (No. Of Units) By Country, 

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

North America Sleep Apnea and Respiratory Monitoring Devices Market Revenue (US$ Million) And Volume (No. Of Units) By Country, 

  • U.S.
  • Canada

Asia Pacific Sleep Apnea and Respiratory Monitoring Devices Market Revenue (US$ Million) And Volume (No. Of Units) By Country,

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Sleep Apnea and Respiratory Monitoring Devices Market Revenue (US$ Million) And Volume (No. Of Units) By Country, 

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Sleep Apnea and Respiratory Monitoring Devices Market Revenue (US$ Million) And Volume (No. Of Units) By Country, 

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Sleep Apnea and Respiratory Monitoring Devices Market Size?

The Sleep Apnea and Respiratory Monitoring Devices Market is expected to grow at a 7.0% CAGR during the forecast period for 2024-2031.

DeVilbiss Healthcare LLC., Koninklijke Philips N.V., Medtronic plc, Mindray, Natus Medical Incorporated, Nihon, Kohden Corporation, ResMed, Others

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