Sleep Apnea Implants Market by Product Type (Hypoglossal Neurostimulation Devices, Phrenic Nerve Stimulator, and Palatal Implants), Indication (Obstructive Sleep Apnea and Central Sleep Apnea), and End User (Hospitals, Ambulatory Surgical Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

Sleep apnea is a serious sleep disorder in which the patient's breathing repeatedly stops and starts. The main types of sleep apnea are obstructive sleep apnea, central sleep apnea, and complex sleep apnea syndrome. Out of these three types, obstructive sleep apnea is the more common form and occurs when throat muscles relax. The most common signs of sleep apnea include loud snoring, gasping for air during sleep, morning headache, episodes in which the patient stops breathing during sleep, and insomnia. Sleep apnea implants work in such a way that they offer gentle stimulation to the throat muscles, which helps keep the airway for breathing open when the patient is asleep. They are surgically implanted for patients suffering from moderate to severe sleep apnea.

Market Scope and Structure Analysis

COVID-19 Impact Analysis

• COVID-19 is an infectious disease that originated in the Hubei province of Wuhan city in China in December 2019. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11th, 2020.
• Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs, such as hydroxychloroquine, have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19.
• However, the supply chain of raw materials required to manufacture sleep apnea implants has been disrupted in many countries. In addition, the market growth of sleep apnea implants is also declining as the manufacturers of these devices have slowed down their production due to the pandemic. Therefore, COVID-19 is expected to have a significant impact on the sleep apnea implants market.

Top Impacting Factors

• There has been a hike in the number of both central and obstructive sleep apnea cases across the world. Moreover, the number of implant procedures of hypoglossal neurostimulation is also witnessing a spike. These factors have been positively influencing the global sleep apnea implants market.
• When compared to the traditional continuous positive airway pressure (CPAP) devices, sleep apnea implants are more preferable as they are fully implantable with no masks and hoses, which make them easy to use. Patients find sleep apnea implants more comfortable. Therefore, the comfort of these implants acts as a driver for the sleep apnea implants market.
• In addition, the obvious growth of the sleep apnea implants market can be attributed to factors such as growing awareness about the ill effects of sleep apnea that is left untreated and a large pool of people that are undiagnosed with sleep apnea.
• However, the high cost associated with sleep apnea implants is one of the factors that can act as a restraint for the sleep apnea implants market in developing countries.

Key Market Trends

The obstructive sleep apnea segment is anticipated to contribute to a high market share in the global sleep apnea implants market. This growth can be attributed to the growing number of obstructive sleep apnea patients across the world. In addition, more than 80% of obstructive sleep apnea patients remain undiagnosed, which has been creating a scope for an improved diagnosis rate.

North America is expected to hold a significant share in the global sleep apnea implants market, owing to the rising number of sleep apnea cases in the region along with increased awareness about the condition and growing funding from governments through reimbursement policies.

In 2019, Inspire Medical System received insurance coverage from many healthcare players for many sleep apnea patients who met the eligibility requirements.

Many players in the market are focused to launch technologically advanced devices. To achieve this goal they are increasing investment in R&D activities regarding sleep apnea implants. Furthermore, increased number of collaborations and partnerships among key players is expected to boost the expansion of the global sleep apnea implants market.

Key Segments Covered

Key Benefits of the Report

• This study presents the analytical depiction of the sleep apnea implants market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the sleep apnea implants market share.
• The current market is quantitatively analyzed from 2020 to 2028 to highlight the sleep apnea implants growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Sleep Apnea Implants Report

• Which are the leading players active in the sleep apnea implants market?
• How is each segment of the market expected to grow during the forecast period?
• What are the adoption trends for the sleep apnea implants market in emerging economies and established economies across the world?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps in the market?
• What are the impacts of COVID-19 on the industry?
• What are sleep apnea implants?
• What are the current and predicted trends in the market?

 Key Market Segments

 
Key Market Players

• Medical Systems, Inc.
• LinguaFlex
• LivaNova PLC
• Medtronic
• Respicardia Inc.
• Siesta Medical Inc.
• Koninklijke Philips N.V.
• NIHON KOHDEN CORPORATION.
• Nyxoah SA
• ResMed
• Fisher & Paykel Healthcare Limited
• SomnoMed
• VYAIRE
• DeVilbiss Healthcare LLC
• Somnowell