The Asia-Pacific sleep apnea market is anticipated to grow at a CAGR of 8.2% during the forecast period (2021-2027). The market in the region is largely driven by the growing prevalence of sleep disordes such as sleep apnea due to the increasing workplace stress and depression. According to the IHME, the share of the population with depression ranges mostly between 2% and 5% across Asia-Pacific in 2017. Australia has one of the highest % of populations with depression where 4.62% of people are suffering from depression. Further, the prevalence of anxiety and schizophrenia is also high in Australia where schizophrenia accounts for 0.36% of the population and anxiety accounts for 6.58% of the population according to IHME.
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These increasing numbers of mental disorders across Asia-Pacific are increasing the incidences of sleep apnea among the patients. The Asia-Pacific sleep apnea implants market presents future opportunities for growth as the prevalence of sleep disorders such as sleep apnea and insomnia in emerging economies such as India, Australia, and China. In addition, increasing the geriatric population specially in Japan is another major reason for the growing market. Japan’s Ministry of Health, Labour and Welfare have approved Inspire Medical Systems Inc’s Inspire therapy for the treatment of severe to moderate OSA in 2019. The approval of such treatment therapy is again aiding to the market growth.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Type
· By Indication Type
· By End-User
· Competitive Landscape- 3B Medical, Inc., Circadiance LLC., Invacare Corp., ResMed Inc., Somnetics International, Inc., and so on.
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Asia-Pacific Sleep Apnea Implants Market Report Segment
By Type
· Hypoglossal Neurostimulation Devices
· Phrenic Nerve Stimulator
· Palatal Implants
By Indication Type
· Obstructive Sleep Apnea
· Central Sleep Apnea
By End-User
· Hospitals & Clinics
· Homecare
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
