Australia Sleep Apnea Devices Market By Type (Therapeutic v/s Diagnostic), By Indication (Obstructive Sleep Apnea v/s Central Sleep Apnea), By End User (Hospitals & Clinics, Homecare, Others), By Region, Competition, Forecast & Opportunities, 2028

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Australia Sleep Apnea Devices market is bound to experience an impressive growth during the forecast period, 2024-2028, on account of rapidly increasing incidences of sleep apnea among the population of Australia. Moreover, the increase in geriatric population is expected to support the growth of Australia Sleep Apnea Market. The population aged 60 and more is more prone to sleep apnea and thus driving the growth of the market. According to Australian Bureau of Statistics, as of 30th June 2020, there were approximately 4.2 million 60 and above aged people in Australia,  comprising of about 16% of total population of Australia.

Also, the consumers are now much aware regarding the ill effects of untreated and undiagnosed sleep apnea and are inclined toward gathering more information and being prepared therefore supporting the growth of the Australia Sleep Apnea Devices market in the coming years. The demand for early diagnosis and effective treatment is also aiding the growth of the market. Research and technological advancement in providing better and effective devices for the diagnosis and treatment of sleep apnea is substantiating the growth of the Australia Sleep Apnea Devices market in the forecast period, 2024-2028.

Furthermore, changed lifestyle, prolonged daily schedules, and cases of insomnia are also aiding to the rising number of cases for sleep apnea and thus supporting the growth of Australia Sleep Apnea Market. Moreover, advancing technology for diagnostic devices is further supporting the growth of the market in the coming years. 

Growing Prevalence of Sleep Apnea

The biological process of sleep is crucial. The growth of the nervous system, learning, memory, and emotional regulation are all crucial processes that depends on sleep. Therefore, getting enough sleep of a good quality is crucial for general health and quality of life. Age has a significant impact on how much sleep a person needs. According to Australian Institute of Health and Welfare, the total health system cost of obstructive sleep apnea is approximately 541 USD million which comprise 57% of total health system cost of sleep disorders i.e., 944 USD million in 2019-2020. Approximately 1 in 4 men over the age of 30 in Australia, or 5% of the population, suffer from sleep apnea. Men have the disease nearly three times as often as women in the over-30 age group. Growing prevalence of sleep apnea is influencing the growth of Australia Sleep Apnea Devices Market during the forecast period of 2024-2028.

Introduction of Advanced Devices for Sleep Apnea

Due to the rising prevalence of sleep apnea, numerous businesses are investing in research and development to bring new technology for the treatment and prevention of obstructive sleep apnea in Australia. The Therapeutic Goods Administration (TGA) of Australia has granted Vivos Therapeutics several Class I certifications for a variety of purposes, including the treatment of snoring and mild, moderate, and severe obstructive sleep apnea in both adults and children. The development of the Australia Sleep Apnea Market is also being aided by the introduction of low-cost, simple-to-use technology to create enhanced sleep apnea devices.


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Market Segmentation

Australia sleep apnea devices market is segmented based on type, indication, end-user, region. Based on type, the market is further divided between therapeutic and diagnosis. Based on indication, the market is divided into obstructive sleep apnea and central sleep apnea. Based on end user, the market is further segmented into hospitals & clinics, homecare and others.

Market Players

Fisher & Paykel Healthcare Corporation Limited, SomnoMed Limited, Compumedics Limited, ResMed Inc (Australia), Philips Australia, Oventus Medical Australia, WellOZ Australia, Bespoke Medical Innovations Pty Ltd, DeVilbiss Healthcare Pty Ltd., Invacare Australia Pty Ltd. among others are some of the key players operating in the Australia Sleep Apnea Devices Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report Coverage

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

Segments Covered

·         Type

·         Indication

·         End User

Regional Scope

Capital Territory & New South Wales; Victoria & Tasmania; Western Australia; Queensland; Northern Territory & Southern

Key Companies Profiled

Fisher & Paykel Healthcare Corporation Limited, SomnoMed Limited, Compumedics Limited, ResMed Inc (Australia), Philips Australia, Oventus Medical Australia, WellOZ Australia, Bespoke Medical Innovations Pty Ltd, DeVilbiss Healthcare Pty Ltd., Invacare Australia Pty Ltd.

Customization Scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing And Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Australia sleep apnea devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Australia Sleep Apnea Devices Market, By Type:

o   Therapeutic

o   Diagnostic

  • Australia Sleep Apnea Devices Market, By Indication:
    • Anti-Glare
    • UV
    • Others
  • Australia Sleep Apnea Devices Market, By End User:
    • Hospitals & Clinics
    • Homecare
    • Others
  • Australia Sleep Apnea Devices Market, By Region:
    • Northern Territory & Southern
    • Queensland
    • Western Australia
    • Victoria & Tasmania
    • Capitol Territory & New South Wales

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Australia sleep apnea devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Australia Sleep apnea devices Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Australia Sleep Apnea Devices Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type (Therapeutic v/s Diagnostic)

5.2.2.     By Indication (Obstructive Sleep Apnea v/s Central Sleep Apnea)

5.2.3.     By End User (Hospitals & Clinics, Homecare, Others)

5.2.4.     By Region

5.2.5.     By Company (2022)

5.3.  Product Market Map

5.3.1.     By Type

5.3.2.     By Indication

5.3.3.     By End User

5.3.4.     By Region

6.    Australia Therapeutic Sleep Apnea Devices Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type (Positive Airway Pressure Devices, Facial Interfaces, Oral Appliances, Adaptive Servo-Ventilators, Others)

6.2.2.     By End User

7.    Australia Diagnostic Sleep Apnea Devices Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type (Polysomnography Devices, Home Sleep Testing Devices, Sleep Screening Devices, Oximeters, Others)

7.2.2.     By End User

8.    Market Dynamics

8.1.  Drivers

8.2.  Challenges

9.    Market Trends & Developments

9.1.  Recent Developments

9.2.  Merger Acquisition

9.3.  Product launches

10.  Clinical Trial Analysis

10.1.              Ongoing Clinical Trials

10.2.              Completed Clinical Trials

10.3.              Terminated Clinical Trials

10.4.              Breakdown of Pipeline, By Development Phase

10.5.              Breakdown of Pipeline, By Status

10.6.              Breakdown of Pipeline, By Study Type

10.7.              Breakdown of Pipeline, By Region

11.  Policy & Regulatory Landscape

12.  Australia Economic Profile

13.  Australia Sleep Apnea Devices Market: SWOT Analysis

14.  Porter’s Five Forces Analysis

14.1.              Competition in the Industry

14.2.              Potential of New Entrants

14.3.              Power of Suppliers

14.4.              Power of Customers

14.5.              Threat of Substitute Products

15.  Competitive Landscape

15.1.              Business Overview

15.2.              Product Offerings

15.3.              Recent Developments

15.4.              Financials (As Reported)

15.5.              Key Personnel

15.6.              SWOT Analysis

15.6.1.  Fisher & Paykel Healthcare Corporation Limited

15.6.2.  SomnoMed Limited

15.6.3.  Compumedics Limited

15.6.4.  ResMed Inc (Australia)

15.6.5.  Philips Australia

15.6.6.  Oventus Medical Australia

15.6.7.  WellOZ Australia

15.6.8.  Bespoke Medical Innovations Pty Ltd

15.6.9.  DeVilbiss Healthcare Pty Ltd.

15.6.10.                Invacare Australia Pty Ltd.

Strategic Recommendations

Figures and Tables

Frequently asked questions

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Factors like rapidly increasing incidences of sleep apnea and advancement in sleep apnea devices are driving the growth of the Australia Sleep Apnea Devices market in the forecast years, 2024-2028.

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Fisher & Paykel Healthcare Corporation Limited, SomnoMed Limited, Compumedics Limited, ResMed Inc (Australia), Philips Australia, Oventus Medical Australia, among others are some of the key companies operating in the Australia sleep apnea devices market.

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High cost of devices and stringent regulations regarding the approval of devices are the major challenges, Australia Sleep Apnea Market will face in forecast period of 2024-2028.

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Diagnostic sleep apnea devices are expected to hold the largest shares of the market and assert their dominance over the market in the coming years on account of a surge in demand for the effective and definitive diagnostic process for sleep apnea.

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Sakshi Bajaal

Business Consultant
Press Release

Australia Sleep Apnea Devices Market to Grow Due to Technological Advancement until 2026

Aug, 2021

Advancing healthcare industry is driving the growth of Australia Sleep Apnea devices Market, in the forecast period, 2022-2026.

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