Apnea Monitors Market Size, Share, By Type (Single Channel Screening Devices, Actigraphy Systems, and PSG Devices), By Application (Hospital and Home Care), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI159419 | Publish Date: November 2023 | No. of Pages: 186

Global Apnea Monitors Market By Overview

Apnea Monitors Market was valued at US$ 14.2 billion in 2024 and is projected to grow at a CAGR of 5.5% to reach US$ 23.1 billion by 2034.

Apnea monitors is used to keep an eye on a baby's breathing and heart rate once they leave the hospital. Breathing that slows down or stops for whatever reason is called apnea. When your baby's breathing or heart rate stops, an alert on the monitor sounds. The monitor is portable and tiny.

Apnea: The patient's breathing has halted for longer than the doctor has prescribed. Low Breath Rate: The patient's breathing rate is below the upper limit prescribed by the doctor. Low Heart Rate: The heartbeat is below the threshold. One of the primary processes in the neurological assessment of death is the apnea test. If there are no respiratory movements and arterial PaCO2 is ≥60 mm Hg (or an increase of 20 mm Hg over baseline normal PaCO2), the test is deemed positive. Sleep apnea can be diagnosed with tests such as nocturnal polysomnography. You will be connected to a variety of monitoring devices throughout the test, which will track your blood oxygen levels, breathing patterns, heart rate, lung and brain activity, and arm and leg movements as you sleep.

Make sure you can fit two fingers between the monitor's belt and your baby's chest if it has one. Your baby may have trouble breathing if the belt is too tight. Verify if the alert on the monitor is audible from another room. If you are unable to hear the alert from another room, place a baby monitor close to the apnea monitor. The score follows as AHI < 5 hours per day is none/Minimal. Moderate: AHI < 5, but < 15 hours. AHI ≥ 15, but < 30 per hour is moderate. Severe: AHI up to thirty per hour. Each person's level of sleep apnea differs. Breathing pauses occur normally up to five times per hour in adults and once per hour in children.

The sleep apnea is growing due to increasing awareness of the condition, advancements in telemedicine and mHealth technologies, increased focus on home sleep apnea testing, shift from CPAP to APAP devices, growing demand for oral appliances, advancements in sleep apnea diagnosis, and increased focus on patient compliance. These factors contribute to the market's growth and popularity, as they enable more effective treatment and management of the condition. Additionally, advancements in diagnostic techniques and devices are enhancing the accuracy and efficiency of sleep apnea diagnosis. This focus on patient compliance is crucial for effective management and reducing health complications.

Apnea Monitors Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Apnea Monitors Market By Drivers & Restraints

Drivers of the Apnea Monitors Market: 

Increasing prevalence of sleep apnea and other sleep disorder:

  • Awareness grows and diagnosis rates increase, the demand for sleep apnea devices like apnea monitors rises.
  • Over time, the prevalence rose; according to studies from 2008 and 2013, 37% of males and 50% of women, respectively, had OSA.
  • Men are more likely than women to have OSA, which worsens with age and fat. There is conflicting evidence regarding the risk factors of alcohol use and smoking.

Growing adoption of home sleep testing (HST) devices:

  • Apnea monitors enable convenient and cost-effective sleep monitoring in the comfort of patients' homes, driving adoption.
  • A Home Sleep Study Test (HST) is a sleep study that involves an overnight recording of a few important body functions and measurements in the comfort of your own home, in order to look for sleep apnea.
  • A home sleep apnea test is a very simplified breathing monitor that tracks your breathing, oxygen levels, and breathing effort while worn. It does not fully capture what is monitored with an overnight sleep study. Overnight sleep studies give a more thorough assessment of sleep issues.

Rising awareness of sleep disorders and their impact on overall health:

  • As patients recognize sleep apnea symptoms, they are more likely to seek diagnosis and treatment using apnea monitors.
  • Although physicians understand that good sleep is essential to patient health, approaching the issue is often glossed over in the primary care setting.
  • Importantly, recent data also suggest that sleep disorders are becoming increasingly recognized in developing nations.

Restrains in the Apnea Monitors Market:

High Cost of Devices and Treatment:

  • For patients, especially those with low financial resources, the high cost of apnea monitoring and treatment alternatives, including continuous positive airway pressure (CPAP) machines, can be a major obstacle.
  • For patients, especially those with low financial resources, the high cost of apnea monitoring and treatment alternatives, including continuous positive airway pressure (CPAP) machines, can be a major obstacle. Due to financial constraints, patients may not be able to afford apnea monitoring or treatments, which could hinder their adoption.

Limited Awareness and Diagnosis:

  • Due to a lack of awareness among medical professionals and the general population, many cases of sleep apnea go undetected, which might impede the use of apnea monitors.
  • The market for apnea monitors is severely hampered by the low diagnosis and awareness of sleep apnea. Due to a lack of awareness among medical professionals and the general population, many cases of sleep apnea go undetected, which might impede the use of apnea monitors.

Patient Compliance and Adherence:

  • Adherence to sleep apnea treatment is challenging, with a compliance rate of 40-60% for Continuous Positive Airway Pressure (CPAP) therapy. Non-adherence can lead to cardiovascular, metabolic, and psychosocial morbidity.
  • Data, analytics, patient engagement, and holistic service offerings are essential for improving CPAP adherence. Efficient adherence strategies, patient education, and continuous monitoring can enhance treatment effectiveness and patient outcomes.

Lack of Standardization:

  • The lack of standardization in apnea monitor technology can cause confusion among healthcare providers and patients, hindering their adoption. Challenges include device design, data analysis, regulatory frameworks, patient education, integration with healthcare systems, and research methods.
  • Addressing these issues through standardization can improve the effectiveness and adoption of apnea monitors.

Key Opportunities in Apnea Monitors Market:

Increasing Prevalence of Sleep Apnea:

  • The need for apnea monitors is driven by the increased prevalence of sleep apnea and other sleep disorders, which presents a sizable market opportunity. Age, gender, and weight are biological factors that influence the occurrence of OSA in individuals.
  • Men are more likely than women to acquire OSA by two to four times, and this risk increases between the ages of 30 and 70. Furthermore, a larger weight is linked to a higher prevalence of OSA.

Expanding Healthcare Policies and Insurance Coverage:

  • Expanded coverage for the diagnosis and treatment of sleep apnea, including apnea monitors, enhances accessibility and propels market expansion.
  • Up to a predetermined sum, the policy pays for your pre- and post-hospitalization expenses as well as your stay in the hospital. In addition to hospitalization costs, you are covered for at-home treatments and daycare procedures.
  • Tax benefits are received by the individual for the health insurance premiums they pay.

Rising Awareness and Education:

  • There is a large market opportunity since more people are seeking diagnosis and treatment for sleep apnea as a result of growing awareness of the condition and its effects on general health.
  • The market for apnea monitors is expanding as a result of greater knowledge and awareness of sleep apnea. Low awareness, however, was discovered in a Saudi
  • Arabian study, underscoring the necessity of additional health education initiatives, especially with regard to paediatric sleep apnea. There will be a large market opportunity as more individuals seek treatment with apnea monitors as awareness grows.

Global Apnea Monitors Market By Segmentations & Regional Insights

Apnea Monitors Market is segmented based on based on by Product, by End-user and Region.

Type Insight

  • Single Channel Screening Devices - Single-channel screening devices are portable monitors that use a single airflow sensor to detect sleep apnea. They are easy to use, have high reproducibility, and have a higher accuracy than polysomnography (PSG). These devices have high sensitivity and specificity in diagnosing sleep apnea, even in subgroups like females and normal weight individuals. They are suitable for primary care settings and can identify candidates for further testing or treatment. However, they cannot evaluate actual sleep time.
  • Actigraphy systems - Actigraphy sensors are medical equipment mostly used for diagnosing a variety of sleep disorders, including sleep apnea and idiopathic hypersomnia.
  • PSG Devices – It is frequently regarded as the gold standard for diagnosing OSAS, gauging the illness's severity, and assessing the range of different sleep disorders that may coexist with or separate from OSAS. PSG is a non-invasive method that records several physiological indicators connected to awake and sleep at the same time.

Application Insights

  • Hospital - they diagnose and treat patients with sleep apnea, hospitals make up a major portion of the apnea industry. Hospitals utilize sleep apnea devices to treat and monitor their patients, especially those with complex or severe instances of sleep apnea.
  • Home care - The global sleep apnea oral appliances market is primarily accessed by home care settings, hospitals, and dental clinics. These settings offer a comfortable, portable alternative to CPAP machines for treating mild to moderate obstructive sleep apnea. Technological advancements in telemedicine have made it easier to access cost-effective treatments.

Apnea Monitors Market Regional Insights:

On region the Apnea Monitors Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America; North America dominates the global sleep apnea devices market, accounting for 49.2% of revenue. These devices help maintain open airways during sleep, addressing conditions like obstructive and central sleep apnea.
  • Asia Pacific; Obstructive sleep apnea (OSA) affects a significant number of Chinese individuals, with polysomnography (PSG) being the gold standard for diagnosis. Chinese heritage individuals have OSA more due to anatomical factors. COVID-19 severity links OSA to COVID-19 severity.
  • Europe’s; The Europe Sleep Apnea Devices Market covers Germany, France, and the UK, encompassing devices for obstructive, central, and complex sleep apnea syndrome. These devices cater to paediatric, adult, and geriatric populations, with end users including hospitals, clinics, and specialty care centres. Distribution channels include direct tender processes and retail sales.
  • Latin America; The Latin America sleep apnea therapeutics and diagnostics market is developing. Key factors include chronic respiratory diseases, aging populations, smoking, economic improvement, and investments in healthcare infrastructure, which are driving the market's growth. Countries studied include Brazil, Mexico, and Rest of Latin America.
  • Middle East & Africa; The Middle East and Africa Sleep Apnea Diagnostics Market is expected to grow by 2028, driven by advancements in medical devices and the COVID-19 pandemic, with early cases in Iran.

Report Scope:

Attribute

Details

Market Size 2024

US$ 14.2 million

Projected Market Size 2034

US$ 23.1 million

CAGR Growth Rate

5.5%

Base year for estimation  

2023

Forecast period       

2024-2034

Market representation       

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type – Single Channel Screening Devices, Actigraphy system and PSG Devices.

By Application – Hospitals and Home care

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Apnea Monitors Market report based on By Type, By Application and Region:

Apnea Monitors Market, By Type:

  • Single Channel Screening Devices
  • Actigraphy system
  • PSG Devices

Apnea Monitors Market, By Application:

  • Hospital
  • Home care

Apnea Monitors Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Apnea Monitors Market By Competitive Landscape & Key Players

The key players operating the Apnea Monitors Market includes, Philips Healthcare, Inc., Jenson Medical Services Ltd., Med-Dyne, Da Vinci Technology Group, Inc., Golden Care, Inc., ResMed, Inc., Fisher&Paykel Healthcare, Inc., SomnoMed Limited, Compumedics Ltd., and Heinen Löwenstein GmbH & Co. KG

Apnea Monitors Market Size

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Apnea Monitors Market By Recent News

  • In May 2024, Researchers developed wireless monitoring patch system to detect sleep apnea at home. The prevalence of sleep disorders, like sleep apnea, is on the rise in the U.S., but current protocols to conduct clinically accepted assessments are expensive and inconvenient.
  • In March 2024, Apple Watch to get its biggest overhaul with new design, Sleep apnea detection and more. Apple is reportedly planning its biggest overhaul yet with the Apple Watch 10, featuring a new design, innovative health features, and potentially a new name.
  • In February 2024, EEG Technologies Grows Beyond Traditional Diagnostics. While electroencephalography (EEG) technology has long been a valuable diagnostic tool in the context of non-urgent care, its well-established status in healthcare facilities has driven slow but steady growth in the U.S. market. However, a variety of nontraditional EEG methods and technologies popularized in recent years have created a buzz in this once predictable market.

Global Apnea Monitors Market By Company Profile

  • Philips Healthcare, Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategy Overview
  • Jenson Medical Services Ltd.
  • Med-Dyne
  • Da Vinci Technology Group, Inc.
  • Golden Care, Inc.
  • ResMed, Inc.
  • Fisher&Paykel Healthcare, Inc.
  • SomnoMed Limited
  • Compumedics Ltd.
  • Heinen Löwenstein GmbH & Co. KG

“*” marked represents similar segmentation in other categories in the respective section.

FAQs

Apnea Monitors Market was valued at US$ 14.2 billion in 2024 and is projected to grow at a CAGR of 5.5% to reach US$ 23.1 billion by 2034

Apnea Monitors Market is segmented into on the basis of type and application.

Factors driving the Apnea Monitors Market include Increasing prevalence of sleep apnea and other sleep disorder, growing adoption of home sleep testing (hst) devices, and rising awareness of sleep disorders and their impact on overall health.

Restraints of the Apnea Monitors Market include high cost of devices and treatment, limited awareness and diagnosis, patient compliance and adherence, and lack of standardization.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Apnea Monitors Market includes, Philips Healthcare, Inc., Jenson Medical Services Ltd., Med-Dyne, Da Vinci Technology Group, Inc., Golden Care, Inc., ResMed, Inc., Fisher&Paykel Healthcare, Inc., SomnoMed Limited, Compumedics Ltd., and Heinen Löwenstein GmbH & Co. KG