Sleep apnea devices market to accrue commendable proceeds from oral appliance sales, U.S. to account for a significant share of the overall industry

October 10, 2018


Globally, sleep apnea devices market trends have been propelled by the rise in the number of health problems associated with excessive weight and obesity over the last few years. Sleep apnea is one of the most serious disorders that causes breathing problems among patients while sleeping, leading to reduced oxygen in the blood. Indeed, untreated sleep apnea can lead to several health complications such as cardiovascular diseases. Taking into account the severity of this disorder, patients are increasingly adopting sleep apnea devices that will enhance the product demand over the years ahead.
 

Considering the mass prominence that these sleep apnea devices market products enjoy, the medical research community has been rather proactive in finding ways to develop effective treatment methodologies. In addition, many health organizations are providing financial support to researchers for accelerating product development activities, especially across developed economies such as the U.S. For instance, the National Health Institute (NIH), in the U.S., plans to provide USD 5.6 million and USD 12.1 million to the Brigham and Women’s Hospital and Ohio State University College of Medicine respectively, for establishing a multicenter clinical research trial. With this economic support, the researchers at these medical centers will examine the use of low-flow oxygen therapy for diagnosing sleep apnea in patients having heart problems.
 

The multicenter clinical research trial will have both these medical centers enroll more than 800 people with central sleep apnea and heart diseases from more than 30 locations across the country. Those patients will receive room air from a sham device or low-flow oxygen therapy from an oxygen concentrator. The participants’ heart failure related issues, functional status, and exercise capacity will be monitored for nearly 30 months. This sleep apnea devices market study will apparently help physicians understand if simple treatments can improve heart function and longevity in patients who are presently exposed to fewer treatment options. It is rather overt from this incidence, that significant investments in R&D activities along with the supportive healthcare policies will propel U.S. sleep apnea devices industry share over the years ahead.
 

With the development of a new range of devices, most of the companies partaking in sleep apnea devices market share have been looking forward to being listed for trade. For instance, recently, the Israeli company Itamar Medical Ltd. announced its intention to get listed with the U.S. Securities and Exchange Commission (SEC). Already a renowned manufacturer of sleep apnea devices, Itamar plans to market its patented product in the cardiologist market. The company also plans to obtain approval for the next-generation of its flagship Watchpat device by the middle of next year, that would not only strengthen its position in the industry but would also serve as a benchmark for other players of sleep apnea devices market.
 

Oral appliances have been garnering traction in sleep apnea devices industry of late. The leading medical devices manufacturing company, Oventus Medical is renowned for developing effective oral appliances to treat obstructive sleep apnea patients. In 2017, the company discovered the O2vent appliance that does not need continuous positive-airway-pressure (CPAP) during clinical trials. The Australian medical company revealed that this device, alone, was able to treat nearly 53% of patients in the trial. This would substantially augment the company’s reach as well as the popularity of oral appliance in the Australia sleep apnea devices market. For the record, nearly 1.5 million Australians suffer from obstructive sleep apnea and its related health problems such as diabetes, high blood pressure, irregular heartbeats, and stroke.
 

As of now, people are extensively giving preference for the oral appliances that need to be fitted into the mouth prior to sleeping to avoid apnea. The capability of an oral appliance to reduce discomfort related to the mask and the air pressure along with its ease of use have been paving the way for a stronger patient base. With the increase in popularity, oral appliances are now becoming mainstream in sleep apnea devices market which will promote biggies to invest in the development of advanced versions of these appliances.
 

Precisely speaking, the increasing awareness among the masses about the hazards of this disorder and the growing involvement of medical device manufacturing companies in the modernization of sleep apnea devices will stimulate global market trends over the years ahead. On-going clinical trials to overcome the health complications associated with this disorder are also poised to expedite sleep apnea devices industry share. As medical device companies come forward with renewed breakthroughs via highly efficient appliances, sleep apnea devices market outlook is likely to undergo a major transformation in the years ahead.
 

MarketStudyReport.com offers a 2018 research titled “Sleep Apnea Devices Market Size By Product (Therapeutics {Airway Clearance System, Adaptive Servo-Ventilation, Positive Airway Pressure (PAP), Oral Appliance, Oxygen Devices}, Diagnostics [Actigraphy System, Polysomnography Device (PSG), Respiratory Polygraph, Single-Channel Screening Devices (Pulse Oximeter}), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Japan, China, India, Australia, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024” at https://www.marketstudyreport.com/reports/sleep-apnea-devices-market .