Obstructive sleep apnea is the most common sleep related beathing disorder and it is characterised by recurrent episodes of complete or partial obstruction of the upper airway leading to reduced or absent breathing at the time of sleep. These episodes are termed as apneas with complete or near-complete termination of breathing or hypopneas when the reduction in breathing is partial. In either case, a fall in blood oxygen saturation, a disruption in sleep or both may result. A high frequency of apneas or hypopneas during sleep may interfere with restorative sleep which in combination with disturbances in blood oxygenation is thought to contribute to negative consequences to healthy and quality of life.

MARKET DYNAMICS- OBSTRUCTIVE SLEEP APNEA (OSA) MARKET 

The obstructive sleep apnea (OSA) market is anticipated to grow at CAGR of 6.10% during forecast period of 2022-2028. The large pool of undiagnosed sleep apnea patients is propelling growth of obstructive sleep apnea market. Also, growing awareness among patients is also boosting growth of obstructive sleep apnea market. Increase in geriatric population is also refuelling growth of obstructive sleep apnea market. However, high cost of CPAP machines is likely to hinder the growth of obstructive sleep apnea market.

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COVID-19 IMPACT ON OBSTRUCTIVE SLEEP APNEA (OSA) MARKET

The exclusive COVID-19 impact analysis report by axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the obstructive sleep apnea market. In addition, complete analysis of changes on the obstructive sleep apnea expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The market witnessed the growth during owing to sudden outbreak of the COVID-19 pandemic. In first quarter of 2020, companies faced some operational and logistic challenges due to the imposition of nationwide lockdowns. However, eventually, the massive influx of COVID-19 patients and adverse impact of the virus on sleep apnea patients leads to rise in the demand and production of sleep apnea devices. 

OBSTRUCTIVE SLEEP APNEA (OSA) MARKET- SEGMENTAL OVERVIEW

The obstructive sleep apnea market is segmented into type, end user and geography. 

OBSTRUCTIVE SLEEP APNEA (OSA) MARKET BY TYPE 

The various type of sleep apnea devices such as airway clearance system, adaptive servo-ventilation, positive airway pressure device, oral appliances and oxygen devices are comprised in the obstructive sleep apnea market. In which positive airway pressure devices is estimated to dominate the market in 2020. The positive airway pressure therapy is a common treatment for obstructive sleep apnea. A CPAP machines uses a hose and mask or nosepiece for delivering constant and steady air pressure. The CPAP devices also helps in prevention of heart diseases, stroke, diabetes and improves the daytime alertness. 

OBSTRUCTIVE SLEEP APNEA (OSA) MARKET BY END USER 

The various end users such as hospital and sleep laboratories and home care settings are comprised in the obstructive sleep apnea market. In which home care settings is likely to dominate the market in 2020. The growing preference towards homecare is propelling growth of obstructive sleep apnea market. The rising need for reducing healthcare costs is also boosting growth of obstructive sleep apnea market. The growing awareness among patients is also driving growth of obstructive sleep apnea market. 

OBSTRUCTIVE SLEEP APNEA (OSA) MARKET BY GEOGRAPHY 

The obstructive sleep apnea market is studied for key countries of regions such as North America, Europe, Asia Pacific and Rest of the World. The North America is anticipated to dominate the market in 2020. The growing presence of key players is propelling growth of obstructive sleep apnea market. The growing pool of undiagnosed sleep apnea patients is also boosting growth of obstructive sleep apnea market. The rising healthcare expenditure is also driving growth of obstructive sleep apnea market. 

KEY PLAYERS IN OBSTRUCTIVE SLEEP APNEA (OSA) MARKET 

The major key players of the markets are Becton Dickinson (CareFusion Corporation), BMC Medical Co. Ltd, Braebon Medical Corporation, Cadwell Laboratories Inc., Compumedics Limited, Curative Medical Inc, Fisher Paykel Healthcare, GE Healthcare, ImThera, Invacare Corporation, Koninklijke Philips N.V., LivaNova, Nidek Medical India, Inspire Medical System, Somnomed, Oventus Medical and Drive Devilbiss Healthcare among others. 

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