Sleep Apnea Diagnostic Market Expected to Reach $ 545.09 Million

Portland, OR, December 16, 2021 (GLOBE NEWSWIRE) – According to the report released by Allied Market Research, the global Sleep Apnea Diagnostics Market generated $ 290.50 million in 2020 and is projected to reach $ 545.09 million by 2030, a 6.7% CAGR from 2021 to 2030. The report provides an in-depth analysis of the market size, emerging and current trends, estimates, and key players.

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The global rise in obesity prevalence, the increase in the number of employees working shifts in stressful working conditions, and technological developments in sleep apnea diagnostics devices are fueling the global sleep apnea diagnostics market. On the other hand, high cost of sleep apnea diagnostic equipment and limited patient awareness of sleep apnea create obstacles. On the contrary, untapped markets in emerging countries create lucrative market opportunities.

-19 scenario:

  • The restricted trade with other nations and travel restrictions led to a decline in diagnostics and surgical interventions in the first half of 2020.
  • The pandemic caused disruption to hospital operations due to -19.
  • Due to the increased focus on treating -19 patients, the number of hospitals and sleep laboratory-based diagnoses of sleep apnea has decreased significantly.
  • As sleep laboratories in many countries were closed due to the lockdown, this had an impact on the sleep apnea diagnostic market.

The report segments the global Sleep Apnea Diagnostics Market by product, end-user and region.

Based on the product, the polysomnography devices segment contributed nearly a third of the market share to the highest market share in 2020 and is expected to dominate the market over the forecast period. On the other hand, the actigraphy monitoring device segment is expected to have the fastest CAGR of 7.6% from 2021 to 2030.

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On a consumer basis, the Hospitals & Sleep Labs segment contributed the highest market share in 2020 with more than three-fifths of the total market share and is expected to be the leader in the forecast period. On the flip side, the home care segment is expected to have the fastest CAGR of 7.3% from 2021 to 2030.

Depending on the region, North America contributed more than two-fifths of the total share to the highest share in 2020 and is expected to be the leader in the forecast period. The global sleep apnea diagnostics market in Asia Pacific is expected to be the fastest CAGR of 8.9% in the forecast period.

Key players in the global sleep apnea diagnostics market analyzed in the study Cadwell Industries Inc, Devilbiss Healthcare, Koninklijke Philips NV, Mindray Medical International Limited, Nihon Kohden Corporation, Resmed Inc, Smiths Group Plc, Medtronic Plc, Somnomedics Gmbh and Natus Medical Incorporated.

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“We have also published some syndicated market research in a similar area that may be of interest to you. Below is the report title for your reference considering the impact of Covid-19 on this market, which will help you assess the after-effects of the pandemic on the short and long term growth trends of this market. “

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Allied Market Research (AMR) is a full-service market research and management consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of “Market Research Reports” and “Business Intelligence Solutions” to global corporations as well as medium and small businesses. AMR provides targeted business insights and advice to help clients make strategic business decisions and achieve sustainable growth in their respective market areas.

Allied Market Research CEO Pawan Kumar leads the company toward delivering high quality data and insights. We have professional business relationships with various companies and this helps us unearth market data which will help us create accurate research data tables and confirm the highest accuracy of our market forecasts. All of the data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the domain in question. Our methodology for obtaining secondary data includes in-depth online and offline research and discussions with knowledgeable professionals and industry analysts.

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