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+--- Thread: [News] Sleep Apnea Devices Market Worth $5.3 Billion by 2020 (/Thread-News-Sleep-Apnea-Devices-Market-Worth-5-3-Billion-by-2020)
Sleep Apnea Devices Market Worth $5.3 Billion by 2020 - ApneaNews - 07-31-2015
... latest news from the "Medical Mafia Fundraising Department":
Sleep Apnea Devices Market Worth $5.3 Billion by 2020
According to a new market research report "Sleep Apnea Devices Market by Product, Diagnostic (PSG, Pulse Oximeter), Therapeutic [CPAP, APAP, BPAP, Masks (Full Face Mask), Oral Appliances (Mandibular Advancement Device)], End User (Home Care Settings, Hospitals) - Analysis & Global Forecasts to 2020", published by MarketsandMarkets, this report studies the global Sleep Apnea Devices Market for the forecast period of 2015 to 2020. This market is expected to reach $5.3 Billion by 2020 from $3.7 Billion in 2015 at a CAGR of 7.2% during the forecast period.
The global Sleep Apnea Devices Market is segmented on the basis of type, end user, and region.
Based on type, the market is categorized into diagnostic and therapeutic devices. In 2015, the therapeutic devices segment is estimated to account for the major share of the Sleep Apnea Devices Market and grow at the highest rate in the forecast period.
Based on end user, the market is segmented into home care and sleep laboratories and hospitals. In 2015, the home care segment is estimated to account for the major share of the sleep apnea devices market.
On the basis of regions, the market is divided into North America, Europe, Asia- Pacific, and the Rest of the World (RoW). The RoW comprises Latin America, Central America, and Africa. In 2015, North America is estimated to account for the largest share of the sleep apnea devices market, followed by Europe and Asia- Pacific. However, the European market is slated to grow at the highest CAGR during the forecast period. This region will also be a revenue pocket for market players.
A strong focus on innovation is being observed in the sleep apnea devices market, by both major players such as ResMed, Inc. (U.S.) and new entrants such as Airing LLC (U.S.). The rich pipeline of innovative products in the Sleep Apnea Devices Market opens an array of opportunities for the market. Players are particularly focused on making devices compact and efficient. Furthermore, start-up companies in this market are also attracting venture capital funding, which is a sign of the opportunities in the Sleep Apnea Devices Market.
Some major players in the global Sleep Apnea Devices Market include ResMed, Inc. (U.S.), Philips Healthcare (Netherlands), Fisher & Paykel Healthcare Ltd. (New Zealand), Compumedics Ltd. (Australia), SomnoMed (Australia), and Whole You, Inc. (U.S.).
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RE: Sleep Apnea Devices Market Worth $5.3 Billion by 2020 - surferdude2 - 07-31-2015
And as we speak all the major players are sitting around a conference table saying, "We could sell these things for a fourth of what we do now and still make a fortune but why would we want to do that? Let's also keep convincing the various governments that a sleep study and a prescription are absolutely necessary in 100% of the cases. If we stick to our guns, it will keep the small players out of the business so they won't ruin it for the rest of us".
Just kidding of course. I have full faith in the medical community and all the medical device manufacturers, along with the Easter Bunny & Santa.
RE: Sleep Apnea Devices Market Worth $5.3 Billion by 2020 - Shastzi - 08-01-2015
I'm with surferdude.
The more witch-docter masks & Voodoo and Mumbo-Jumbo rituals will help make the uninitiates believe in our magic!
Ahem. Oh? Did I type that in here out loud? Goodness me....
RE: Sleep Apnea Devices Market Worth $5.3 Billion by 2020 - dannyhawaii - 08-03-2015
My sleep physician said he was around in the early days of CPAP and there was a much more holistic approach. He sounded pretty jaded by the business it's now become.
RE: Sleep Apnea Devices Market Worth $5.3 Billion by 2020 - Sleeprider - 08-03-2015
Why would you include Airing LLC in the same sentence as Resmed and not even include PR? Airing may be innovative, but it is pure vapor-ware, and they have never produced a single medically approved unit. This alone makes the whole article specious.
RE: Sleep Apnea Devices Market Worth $5.3 Billion by 2020 - teagranny - 11-05-2015
I was pleasantly surprised to find the cost of the machines had gone down by more than half (in Canada) since my first machine in 2004.
The masks however are still very high priced, I'm sure they cost less than half to make...
I also wondered about Airing - and if it would be a good choice for travelling with if they ever get anything on the market.