Sleep Tech Devices Industry to Observe Fastest Growth in Asia-Pacific

Sleep Tech Devices Market Growth

The sleep tech devices market will touch USD 49,984.7 million, propelling at a 14.5% compound annual growth rate, by 2030.

The growth of this industry is primarily attributed to the surging incidence of sleep disorders, growing utilization of oral appliances, and rising consciousness regarding the ill effects of untreated sleep apnea.

In recent years, the wearable category, based on product, accounted for the larger share of the industry. This can be mainly attributed to their portable nature, as well as the enhanced microsensors integrated into the devices that constantly monitor individual physiological activities. Furthermore, wearable devices are more affordable than non-wearable sleep aid devices.

The sleep apnea category, based on application, is likely to propel at the fastest rate in the years to come. This is primarily because of the rising health and stress problems, for instance, excess weight or obesity.

In the past few years, the indirect category, based on distribution channels, accounted for the dominating share of the industry. Most large e-marketplaces are universal platforms, providing goods all over the globe to numerous customers, various businesses are utilizing e-commerce platforms from third parties, which assist in enhancing their revenue from sales in overseas.

North America accounted for the dominating share in recent years. This is because of the increasing chronic sleep disorder incidence, rising count of overweight individuals, mounting aging populace, and fast-moving lifestyle.

The APAC sleep tech devices industry is likely to advance at the fastest rate in the years to come. This is mainly because of the surging advancement in technologies, the increase in the utilization of sleep technology, and the mounting elderly populace.

Moreover, the requirement for sleep technology products is likely to surge due to the fact that the elderly populace has become more inclined to sleep disorders.

It is because of the surging occurrence of sleep disorders, rise in the utilization of oral appliances, and increasing consciousness regarding the dangerous impact of untreated sleep apnea, the sleep tech devices industry will continue to advance significantly in the years to come.

Asia-Pacific Grew the Fastest in Sleep Apnea Devices Industry

Sleep Apnea Devices Industry

As per a report published by a market research institution, P&S Intelligence, the sleep apnea devices industry will grow at a compound annual growth rate of 7.2%, to touch USD 13,386.5 million by 2030.

This growth of the industry is because of the increasing incidence of OSA, unhealthy routines of individuals, changes in diet and sleep patterns, and enormous work pressure.

With the development of cutting-edge products, there is an increase in the acceptance of portable devices. For example, products equipped with additional features, for example the usage of an algorithm and pressure sensor for determination of the best pressure, are there in the market.

Therapeutic devices had the larger share. The industry has availability of numerous therapeutic devices for treating sleep apnea in which sleeping aids support the treatment. It will also be faster growing category, advancing at a rate of about 9% by the end of this decade. This growth will mainly be led by the growing OSA cases globally.

North America led the sleep apnea devices market, with about 45% share in 2022. This is because of the increasing incidence of sleeping ailments. Also, the rise in the incidence of a number of health conditions, for example obesity and heart diseases, which are risky factors for sleep apnea will also play a part in the growth of the industry in the region.

The growing elderly population also plays a key role in powering the market growth. With elderly, people suffer from health issues, as a result of psychological features and changes in cardiac rhythm, therefore making them more vulnerable to sleep ailments.

Furthermore, OSA and insomnia are the most common sleeping conditions in aged people. For improving the quality of life and ensuring a healthy lifestyle amongst the elderly population, the requirement for such devices is rapidly on the rise.

The increasing incidence of OSA, and the changing lifestyle of the people has a lot to do with the increasing demand for sleep apnea devices all over the world.

Global Sleep Apnea Devices Industry Growth and Future Analysis

Sleep apnea is a condition that affects inhalation and exhalation during sleeping. It often causes snoring. Sleep apnea can easily be identified if you have slept a full night, and still wake up feeling tired.

Common symptoms of Sleep Apnea

If you have experienced loud snoring, episodes in which you stop breathing during sleeping, usually reported by another person monitoring you are common symptoms of sleep apnea. Along with these, gasping for air, awakening with a dry mouth, insomnia, hypersomnia, difficulty in staying attentive being awake, and irritability are sleep apnea symptoms.

Types of Sleep Apnea

Obstructive Sleep Apnea: This condition usually occurs when the muscles of the throat relax.

Central Sleep Apnea: This condition occurs when the brain stops sending proper signals for controlling breathing to muscles.

Complex Sleep Apnea Syndrome: This condition comprises both obstructive sleep apnea and central sleep apnea.

Causes of Sleep Apnea

The changes in the lifestyle and sleeping patterns of people lead to a growing prevalence of obstructive sleep apnea with increasing work stress. In addition, the rising cases of sleep disorders with associated health conditions such as obesity and heart disease lead to the increasing demand for sleep apnea devices.

Sleep Apnea Treatment

The sleep apnea treatment provides ease in opening the airways for better inhalation and exhalation during sleeping. There are numerous devices to treat such conditions. CPAP is a most common technology comprised of numerous mouth appliances, machines, and specially designed machines.

CPAP

CPAP stands for Continuous Positive Airway Pressure. These machines are equipped with a mask that fits over both nose and mouth or only the nose. It blows air at pressure for keeping the airways open during sleep.

Mouth Devices for Sleep Apnea

Mandibular Advancement Device: It is a device that looks similar to a mouth guard worn by athletes. This snaps over both the tooth lower and upper. The hinges keep the lower jaw forward, which makes the tongue and soft palate stable to keep the airways open while asleep.

Tongue Retaining Device: It is similar to a splint that keeps the airway open by holding the tongue in place. Usually, doctors provide it as MAD.

Position Pillows: If you have ever searched for solutions online, then you must have found types of pillows to provide relief. These pillows can be used either the ways with or without a CPAP machine. You may find these pillows in different styles such as wedge shape that lifts the upper body.

Nerve Stimulation Devices

A hypoglossal nerve stimulator is utilized in a condition when the tongue or other tissue falls back and blocks the airway. It is a small size about the size of a pacemaker. Doctors may insert it in the chest through surgery. It can be turned on and off through a remote. This device monitors breathing patterns and sends signals to nerves for controlling muscles, including the tongue.

The major companies operating in the industry are Natus Medical Incorporated, BRAEBON Medical Corporation, Fisher & Paykel Healthcare Limited, ResMed Inc., SLEEPON Inc., Alaxo GmbH, and BMC Medical Co. Ltd.

Therefore, radical shifts in lifestyle, stress, obesity, and cardiac diseases, lead to growing prevalence of sleep disorders.