Global Sleep Apnea Devices Market to Grow at CAGR of 8.16%
The global sleep apnea diagnostic and therapeutic devices market is to grow at a compound annual growth rate of 8.16% over the period 2014-2019. This is according to the new Research and Markets “Global Sleep Apnea Diagnostic and Therapeutic Devices Market 2015-2019” report.
High adoption of home diagnostics for diagnosis of sleep apnea is a key trend in this market. Home diagnostics are convenient and cost-effective when compared to in-lab sleep tests and therefore are expected to propel the market growth, the report predicts.
According to the report, high prevalence of sleep apnea disorder in people worldwide is a major driver in the market. The disorder is common in both adults and children and can result in hypertension, stroke, type II diabetes or adult onset diabetes, weight gain, impotence, and cardiovascular diseases.
Further, the report states that lack of patient compliance is a key challenge in the market. Discomfort coupled with nosebleeds, anxiety, appliance leaking, claustrophobia, and nasal stuffiness contribute to non-compliance when using CPAP or BiPAP devices.