Global Sleep Apnea Implants Market Forecast: Trends, Growth, and Opportunities
The global sleep apnea implants market was valued at $314.3 million in 2021, and is projected to reach $1.3 billion by 2031, growing at a CAGR of 15.4% from 2022 to 2031.
According to the report published by Allied Market Research, the global sleep apnea implants market was estimated at $314.3 million in 2021 and is expected to hit $1.3 billion by 2031, registering a CAGR of 15.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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The global sleep apnea implants market is analyzed across product type, indication, end-user, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By product type, the hypoglossal neurostimulation devices segment held more than half of the global sleep apnea implants market revenue in 2021, and is expected to dominate by 2031. The others segment, however, would manifest the fastest CAGR of 17.1% throughout the forecast period. The phrenic nerve stimulator segment is also assessed through the study.
By indication, the obstructive sleep apnea segment held more than two-thirds of the global sleep apnea implants market share in 2021, and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 15.6% throughout the forecast period. The central sleep apnea segment is also analyzed through the report.
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By end-user, the hospitals' segment contributed to more than two-fifths of the global sleep apnea implants market share in 2021, and is projected to retain its dominance throughout the forecast period. The ambulatory surgical center's segment, on the other hand, would manifest the fastest CAGR of 15.7% during the forecast period. The others segment is also assessed through the study.
Based on region, the market across North America generated nearly half of the global sleep apnea implants market share in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, on the other hand, would portray the fastest CAGR of 17.6% during the forecast period. The other provinces analyzed through the report include LAMEA and Europe.
The key market players analyzed in the global sleep apnea implants market report include Avery biomedical, Inspire Medical Systems, Inc., LinguaFlex, Inc., Somnowell, LivaNova PLC, Medtronic plc, Nyxoah SA, Siesta Medical, SomnoMed, and Asahi Kasei Corporation. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.