North America Sleep Apnea Diagnostics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Polysomnography (PSG) Device, Home Sleep Testing Devices, Oximeter, Actigraphy Monitoring Device, and Sleep Apnea Screening Device) and End User (Hospitals and Sleep Laboratories and Home Care Settings)
Market Introduction
The sleep apnea diagnostics market in North America is further segmented into the US, Canada, and Mexico. The US held the largest share of the North America sleep apnea diagnostics market in 2021. In the US, the growth of the market is accelerated with high prevalence of sleep apnea and rising awareness about sleep apnea and its risk factors. Further, sleep apnea is one of the major health issues in the U.S. and is one of the most common sleep disorders. The market growth is also accelerated with increasing importance of sleep testing in adults and pediatric population. The American Sleep Apnea Association estimates that 38,000 people in the United States die each year from heart disease with sleep apnea as a complicating factor. Additionally, increasing demand for sleep apnea devices and presence of key players in the market also fuel the market growth. Key players in the market now focus on the development of new devices for sleep apnea. For instance, ResMed, one of the key market players, offers wide range of devices for sleep apnea such as AirMini, AirSense 10 CPAP and AirSense 10 Elite. The company also sponsors various studies for the treatment of sleep apnea. The National Center on Sleep Disorders Research (NCSDR), Division of Lung Diseases of the NHLBI, coordinated with various government authority such as NIH for sleep and circadian research.
North American region is highly affected due to the outbreak of the Covid-19 pandemic. Countries such as the US and Canada reported the highest numbers of COVID-19 positive cases. The US-registered highest number of deaths due to the COVID-19 pandemic. The chaotic situation was created in the medical industry across the countries, increased demand for diagnosing and therapeutic devices have dramatically increased in the hospitals. For instance, demand for ventilators, respirators, and in vitro diagnostic (IVD) tests has risen drastically in the hospitals across the countries. On the other hand, demand for personal protective kits has significantly gone up. The FDA has increased its efforts to support the health of people and has imposed several guidelines and for hospitals and medical device companies. Various companies also enhanced their research and development activities for diagnostics tests and therapeutic devices. So increased demand in other categories have considerably hamper the sleep apnea diagnostics market. Thus, market is likely to be slower in COVID-19.
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Market Overview and Dynamics
The sleep apnea diagnostics market in North America is expected to grow US$ 177.12 million in 2021 to US$ 259.45 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028. Obstructive sleep apnea (OSA) is a common disorder, categorized by the repetitive, complete or partial closure of the upper airway during sleep. This airway is helpful in the fragmentation of sleep and oxygen desaturation. The disorder causes significant morbidity, especially in terms of impairment of daytime functioning and the impact this has on the quality of life. The recent indication from controlled trials is the proof of the efficiency of oral appliance in controlling OSA in up to 50.0% of patients, including patients with more severe forms of OSA. According to a survey conducted by the investment firm, Needham & Company, over one-third of OSA tests were conducted in patients' homes in 2018, up from 15% in 2013. As a result, companies are concentrating their efforts on the development of home-care sleep apnea equipment. Due to the rising usage of the polysomnography (PSG) device in the various regions, the need for improved and technologically advanced polysomnography (PSG) device for the diagnosis of OSA has surged substantially, driving the sleep apnea diagnostics market.
Key Market Segments
In terms of product, the polysomnography (PSG) device segment accounted for the largest share of the North America sleep apnea diagnostics market in 2021. In term of end user, hospitals and sleep laboratories segment held a larger market share of the sleep apnea diagnostics market in 2021.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the sleep apnea diagnostics market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ResMed, Inc.; Nihon Kohden Corporation LLC; SOMNOmedics GmbH; Cleveland Medical Devices Inc.; Koninklijke Philips N.V.; Natus Medical Incorporated; Itamar Medical Ltd.; Compumedics Limited; Drive DeVilbiss International; and Cadwell Industries Inc. among others.
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North America Sleep Apnea Diagnostics Market Segmentation
North America Sleep Apnea Diagnostics Market – By Product
- Polysomnography (PSG) Device
- Home Sleep Testing Devices
- Oximeter
- FingerTip Oximeter
- Handheld Oximeter
- Wrist-worn Oximeter
- Tabletop Oximeter
- Actigraphy Monitoring Device
- Sleep Apnea Screening Device
North America Sleep Apnea Diagnostics Market – By End User
- Hospitals and Sleep Laboratories
- Home Care Settings
North America Sleep Apnea Diagnostics Market – By Country
- US
- Canada
- Mexico
North America Sleep Apnea Diagnostics Market – Companies Mentioned
- ResMed Inc.
- Nihon Kohden Corporation LLC
- SOMNOmedics GmbH
- Cleveland Medical Devices Inc.
- Koninklijke Philips N.V.
- Natus Medical Incorporated
- Itamar Medical Ltd.
- Compumedics Limited
- Drive DeVilbiss International
- Cadwell Industries Inc.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Sleep Apnea Diagnostics Market – By Product
1.3.2 North America Sleep Apnea Diagnostics Market – By End User
1.3.3 North America Sleep Apnea Diagnostics Market – By Country
2. North America Sleep Apnea Diagnostics Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Sleep Apnea Diagnostics Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Experts Opinion
5. North America Sleep Apnea Diagnostics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Advanced Prevalence of Sleep Apnea
5.1.2 Raising Technological Developments
5.1.3 Growing Geriatric Population
5.2 Market Restraints
5.2.1 Higher Cost of Diagnosis of Sleep Apnea
5.3 Market Opportunities
5.3.1 Elevating Government Support for Medical Technologies
5.4 Future Trends
5.4.1 Raising Scope of Telemedicine
5.5 Impact Analysis
6. North America Sleep Apnea Diagnostics Market – Market Analysis
6.1 North America Sleep Apnea Diagnostics Market Revenue Forecast and Analysis
7. North America Sleep Apnea Diagnostics Market Analysis – By Product
7.1 Overview
7.2 North America Sleep Apnea Diagnostics Market Share, by Product, 2021 and 2028 (%)
7.3 Polysomnography Devices
7.3.1 Overview
7.3.2 Polysomnography Devices: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Home Sleep Testing Devices
7.4.1 Overview
7.4.2 Home Sleep Testing Devices: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Oximeters
7.5.1 Overview
7.5.2 Oximeters: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
7.5.3 Finger Tip Oximeter
7.5.3.1 Overview
7.5.3.2 Finger Tip Oximeter: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
7.5.4 Handheld Oximeter
7.5.4.1 Overview
7.5.4.2 Handheld Oximeter: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
7.5.5 Wrist-Worn Oximeter
7.5.5.1 Overview
7.5.5.2 Wrist-worn Oximeter: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
7.5.6 Tabletop Oximeter
7.5.6.1 Overview
7.5.6.2 Tabletop Oximeter: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
7.6 Actigraphy Monitoring Device
7.6.1 Overview
7.6.2 Actigraphy Monitoring Device: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
7.7 Sleep Apnea Screening Device
7.7.1 Overview
7.7.2 Sleep Apnea Screening Device: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
8. North America Sleep Apnea Diagnostics Market Analysis – By End User
8.1 Overview
8.2 North America Sleep Apnea Diagnostics Market Share, by End User, 2021 and 2028 (%)
8.3 Home Care Settings
8.3.1 Overview
8.3.2 Home Care Settings: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Hospital and Sleep Laboratories
8.4.1 Overview
8.4.2 Hospital and Sleep Laboratories: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Sleep Apnea Diagnostics Market – Country Analysis
9.1 Overview
9.1.1 North America: Sleep Apnea Diagnostics Market, by Country, 2021 & 2028 (%)
9.1.1.1 US: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.1.1 US: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.1.2 US: Sleep Apnea Diagnostics Market, by Product, 2019–2028 (USD Million)
9.1.1.1.2.1 US: Sleep Apnea Diagnostics Market, by Oximeter, 2019–2028 (USD Million)
9.1.1.1.3 US: Sleep Apnea Diagnostics Market, By End User, 2019–2028 (USD Million)
9.1.1.2 Canada: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.2.1 Canada: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.2.2 Canada: Sleep Apnea Diagnostics Market, by Product, 2019–2028 (USD Million)
9.1.1.2.2.1 Canada: Sleep Apnea Diagnostics Market, by Oximeter, 2019–2028 (USD Million)
9.1.1.2.3 Canada: Sleep Apnea Diagnostics Market, By End User, 2019–2028 (USD Million)
9.1.1.3 Mexico: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.3.1 Mexico: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.3.2 Mexico Sleep Apnea Diagnostics Market, by Product – Revenue and Forecast to 2028 (USD Million)
9.1.1.3.2.1 Mexico Sleep Apnea Diagnostics Market, by Oximeter – Revenue and Forecast to 2028 (USD Million)
9.1.1.3.3 Mexico Sleep Apnea Diagnostics Market, By End User – Revenue and Forecast to 2028 (USD Million)
10. Impact Of COVID-19 Pandemic on North America Sleep Apnea Diagnostics Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. North America Sleep Apnea Diagnostics Market –Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Drive DeVilbiss International
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ResMed Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nihon Kohden Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SOMNOmedics GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Cleveland Medical Devices Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Koninklijke Philips N.V.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Cadwell Industries Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Natus Medical Incorporated
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Itamar Medical Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Compumedics Limited
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Sleep Apnea Diagnostics Market, Revenue and Forecast to 2028 (US$ Million)
Table 2. US Sleep Apnea Diagnostics Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 3. US Sleep Apnea Diagnostics Market, by Oximeter – Revenue and Forecast to 2028 (USD Million)
Table 4. US Sleep Apnea Diagnostics Market, By End User– Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Sleep Apnea Diagnostics Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 6. Canada Sleep Apnea Diagnostics Market, by Oximeter – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Sleep Apnea Diagnostics Market, By End User– Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico Sleep Apnea Diagnostics Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico Sleep Apnea Diagnostics Market, by Oximeter – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Sleep Apnea Diagnostics Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 11. Recent organic developments in the Sleep Apnea Diagnostics Market
Table 12. Inorganic Developments
Table 13. Glossary of Terms, sleep apnea devices market
LIST OF FIGURES
Figure 1. North America Sleep Apnea Diagnostics Market Segmentation
Figure 2. North America Sleep Apnea Diagnostics Market Segmentation, By Country
Figure 3. North America Sleep Apnea Diagnostics Market Overview
Figure 4. Polysomnography (PSG) Device Held the Largest Share of the Product Segment in Sleep Apnea Diagnostics Market
Figure 5. The US to Show Significant Growth during Forecast Period
Figure 6. North America Sleep Apnea Diagnostics Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. North America Sleep Apnea Diagnostics Market Impact Analysis of Driver and Restraints
Figure 9. North America Sleep Apnea Diagnostics Market– Revenue Forecast and Analysis to 2028
Figure 10. North America Sleep Apnea Diagnostics Market Share, by Product, 2021 and 2028 (%)
Figure 11. Polysomnography Devices: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 12. Home Sleep Testing Devices: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. Oximeters: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Finger Tip Oximeter: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Handheld Oximeter: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. Wrist-worn Oximeter: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. Tabletop Oximeter: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 18. Actigraphy Monitoring Device: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. Sleep Apnea Screening Device: Sleep Apnea Diagnostics Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Sleep Apnea Diagnostics Market Share, by End User, 2021 and 2028 (%)
Figure 21. Home Care Settings: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Hospital and Sleep Laboratories: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America: Sleep Apnea Diagnostics Market, by Key Country – Revenue (2021) (USD Million)
Figure 24. North America: Sleep Apnea Diagnostics Market, by Country, 2021 & 2028 (%)
Figure 25. US: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (USD Million)
Figure 26. Canada: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (USD Million)
Figure 27. Mexico: Sleep Apnea Diagnostics Market – Revenue and Forecast to 2028 (USD Million)
Figure 28. Impact of COVID-19 Pandemic In North American Country Markets
- ResMed Inc.
- Nihon Kohden Corporation LLC
- SOMNOmedics GmbH
- Cleveland Medical Devices Inc.
- Koninklijke Philips N.V.
- Natus Medical Incorporated
- Itamar Medical Ltd.
- Compumedics Limited
- Drive DeVilbiss International
- Cadwell Industries Inc.
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