LONDON--(BUSINESS WIRE)--Due to a high prevalence of sleep apnea worldwide, the Global Sleep Apnea Diagnostic and Therapeutic Devices Market is expected to grow at a CAGR of 8.16 percent from 2014-2019, says research firm TechNavio.
Sleep apnea affects over 100 million adults and children worldwide. Of this number, approximately 80 percent of cases go undiagnosed. Obstructive sleep apnea (OSA) is the most common type, in which the throat muscles intermittently relax during sleep, causing complete or partial blockage of the upper airway.
“Several organizations like the American Sleep Apnea Association and the National Sleep Foundation are helping people with the condition improve their sleep,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio also emphasizes the high adoption of home sleep diagnostic devices, which are helpful for people with moderate to severe sleep apnea. These devices are considered less obtrusive as they are employed in the home of the patient. These home tests are especially in demand among those who are home-bound, aged, have chronic illness or require specialized care.
“Home testing devices are more cost-effective than any in-lab sleep study and hence, are expected to positively influence the market growth through the projected period,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Cushing’s Syndrome Therapeutics Market 2015-2019
- Global Acute Myeloid Leukemia Therapeutics Market 2015-2019
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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