APAC poised to drive sleep apnea device market growth: report

A key driver includes the expansion of leading players into emerging markets such as India and Australia.

The Asia-Pacific (APAC) region is anticipated to offer growth opportunities for the market over the next five to 10 years, according to a MarketsandMarkets report.

This is attributed to a rise in cases of comorbidities such as diabetes and cardiovascular diseases, as well as the growing awareness of sleep apnea, leading to higher diagnosis rates.

Moreover, the market is further driven by the expansion of leading players into emerging markets such as India, Australia, UAE, and Saudi Arabia.

“Increased investments and funding are fostering innovations in CPAP devices and diagnostics, improving patient compliance and accessibility to advanced solutions,” the report said.

Overall, the global market for sleep apnea devices is projected to grow to $9.3b by 2029 at a compound annual growth rate (CAGR) of 7.3%.