global sleep apnea implants market 2030
PORTLAND, OREGON, UNITED STATES, May 30, 2023/EINPresswire.com/ — According to the report published by Allied Market Research, the global sleep apnea implants market was estimated at $314.3 million in 2021 and is expected to hit $1.3 billion by 2031, registering a CAGR of 15.4% from 2022 to 2031. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.
Key Takeaways:
Market Growth: The sleep apnea implant market has been experiencing steady growth in recent years due to the increasing prevalence of sleep apnea and the rising demand for effective treatment options. Factors such as sedentary lifestyles, obesity, and aging populations contribute to the growth of the market.
Implant Types: There are different types of sleep apnea implants available in the market. One such implant is the hypoglossal nerve stimulation system, which stimulates the hypoglossal nerve to keep the airway open during sleep. Other implants include devices that support the tongue or the soft palate to prevent airway obstruction.
Effectiveness: Sleep apnea implants have shown promising results in treating moderate to severe cases of sleep apnea. Clinical studies have demonstrated improvements in sleep quality, reduction in the frequency of apnea events, and improved daytime functioning for patients using these implants.
Market Players: Several medical device companies are involved in the sleep apnea implant market. These companies include Inspire Medical Systems, Inc., ImThera Medical, Inc., and Nyxoah S.A. These companies manufacture and market sleep apnea implant devices and are actively engaged in research and development to enhance their product offerings.
Regulatory Approval: Sleep apnea implants are regulated medical devices and require approval from regulatory authorities, such as the U.S. Food and Drug Administration (FDA) in the United States. Regulatory approval ensures the safety and efficacy of these devices before they can be marketed and used by patients.
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Market Drivers:
Increasing Prevalence of Sleep Apnea: Sleep apnea is a common sleep disorder, and its prevalence has been increasing globally. Factors such as sedentary lifestyles, obesity, and aging populations have contributed to the rise in sleep apnea cases. As more people are diagnosed with sleep apnea, the demand for effective treatment options, including implants, has increased.
Growing Awareness and Diagnosis: There has been a significant increase in awareness about sleep apnea among both healthcare professionals and the general population. Improved diagnostic techniques and increased screening for sleep apnea have led to earlier identification and diagnosis of the condition. This increased awareness and diagnosis have fueled the demand for treatment options, including sleep apnea implants.
Market Segmentation:
Product Type:
Hypoglossal Nerve Stimulation Systems: Implants that stimulate the hypoglossal nerve to keep the airway open during sleep.
Tongue Support Implants: Devices that support the tongue to prevent it from blocking the airway.
Palatal Implants: Implants that support the soft palate to prevent airway obstruction.
Other Implants: This category may include newer or emerging types of implants that are under development or not widely available yet.
End User:
Hospitals: Sleep apnea implants are often implanted and managed in hospital settings, making hospitals a significant end user segment.
Specialty Sleep Clinics: These clinics focus specifically on sleep disorders and may be more specialized in treating sleep apnea.
Ambulatory Surgical Centers: Some sleep apnea implants can be implanted in an ambulatory surgical setting, providing a more convenient option for patients.
Geography:
North America: This region includes the United States and Canada, which have a significant market for sleep apnea implants.
Europe: Countries in Europe, such as Germany, France, and the United Kingdom, have a growing market for sleep apnea implants.
Asia Pacific: Countries like China, Japan, and India have a large population base and are experiencing an increase in sleep apnea cases, contributing to market growth.
Severity of Sleep Apnea:
Moderate to Severe Sleep Apnea: Sleep apnea implants are often recommended for patients with moderate to severe sleep apnea who have not responded well to other treatment options.
Specific Patient Profiles: Implants may be suitable for specific patient profiles, such as those with certain anatomical features or treatment-resistant sleep apnea.
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Regional Growth Dynamics:
Based on region, the market across North America generated nearly half of the global sleep apnea implants market share in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, on the other hand, would portray the fastest CAGR of 17.6% during the forecast period. The other provinces analyzed through the report include LAMEA and Europe.
Competitive Landscape:
Inspire Medical Systems, Inc.
ImThera Medical, Inc.
Nyxoah S.A.
Respicardia, Inc.
LivaNova PLC
Panthera Dental
Apnex Medical
NDI Medical LLC
Oventus Medical
Sleep Number Corporation
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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