The United Kingdom sleep apnea devices market is expected to grow at an impressive pace in the anticipated period. Sleep Apnea is a possibly non-neglectable sleep syndrome in which a patient suddenly faces difficulty breathing due to narrow windpipe. Patients facing this disorder may experience loud snoring, daytime tiredness, sore throat, headache, anxiety, and other symptoms. In the final stage, it creates more complications for the patient leading to stroke, heart disorder, liver problems, and other serious problems. Due to the growing population, increasing consumption of alcohol and unhealthy foods, and awareness about sleep apnea devices are expected to experience market growth. Many initiatives or policies are run by the government, which is indirectly impacting the growth of the sleep apnea device market. Furthermore, growing awareness about sleep apnea and technological advancement are other factors expected to positively impact the market's growth through 2027.
Growing Awareness About Sleep Apnea led increase in demand
It is difficult to know whether he/she is suffering from sleep apnea but mostly found in people over 40 years, children with tonsils, and males. In this problem, the tongue and muscles block the windpipe for a few seconds, and sometimes it becomes the reason for suffocation and stroke. Increasing accidents due to sleep apnea are making people worried about their health. People are now visiting doctors for tests which tends to increase in market share of sleep apnea devices in the region. According to PHE (Public Health England), one out four adults are affected by high blood pressure, and high blood pressure is a third major factor for premature death and disability after smoking and poor diet. Many populations don't know they are suffering from sleep apnea syndrome, but government and social campaigns are now changing the scenario. So, we can aspect an increase in people's visits to doctors in the region. This increased need for Sleep Apnea Devices and this situation can make the market share of Sleep Apnea Devices rise.
Due to lifestyle change, people sleeping, eating, and exercise habit is directly affected and making them unhealthy. Extensive work pressure makes them think more and reduces sleeping time to four to six hours. These habit changes make them suffer from anxiety, hypertension, weight gain, and other problems. Leave the adults; now, small children are affected by sleep disorders due to changes in their sleep cycle and excess use of mobiles. Sleep Apnea Devices can help people and children to become healthy who are affected due to sleep apnea syndrome.
Investing more in awareness, diagnosis, and treatment of obstructive sleep apnea could protect the NHS up to 28m Euro and avoid up to 40,000 traffic accidents per year. The United Kingdom's government has or is planning to take many steps to fight with Obstructive Sleep apnea cycle. The government has mentioned sleep apnea as an adult disability in section 3.10. Other benefits are provided to such patients, from awareness to treatment, so they can't be burdened. All the policies mentioned above led to increasing demand for Sleep Apnea Devices products in the market and are expected to drive the growth of the Sleep Apnea Devices Market.
High Cost of the Devices are Affecting the Growth
The cost of any product plays a big role in the customer's mind while purchasing the product; as the cases of sleep disorders are increasing, the demand for devices increases simultaneously. The CPAP and PSG sleep apnea devices are more recommended products by doctors or patients taking OSA Management. The device cost is more than 600 USD, which is huge if the patient doesn’t have medical insurance while paying bills. Apart from this, during Lack of awareness and substitute methods are major restraints for the market growth.
Innovation fueling the market share
Government and Corporate are investing in R&D as the market is growing, and the needs of the consumers are changing. Almost 260 million euro is planned to invest in R&D by the UK government to enhance the existing process and devices.
In June 2018, Intus Healthcare Limited was completely acquired by Baywater Healthcare. These acquisitions help Baywater Healthcare reach the new market and customers by utilizing the expertise of both companies in synergy.
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Market Segmentation
United Kingdom sleep apnea devices market is segmented
Market Players
ResMed UK Limited, Philips Medical Systems UK Limited, Invacare UK Limited, Drive DeVilbiss Limited, Intus Healthcare Limited are the major market player in United Kingdom Sleep Apnea Devices Market.
Attribute | Details |
Base Year | 2021 |
Historic Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Type · Indication · End User |
Regional scope | London, Southeast, East Anglia, Scotland, Southwest, East Midlands, Yorkshire & Humberside, Rest of United Kingdom |
Key companies profiled | ResMed UK Limited, Philips Medical Systems UK Limited, Invacare UK Limited, Drive DeVilbiss Limited, Intus Healthcare Limited |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |