Australia Sleep Apnea Devices Market Size & Outlook
Australia sleep apnea devices market, 2018-2030 (US$M)
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Australia sleep apnea devices market highlights
- The Australia sleep apnea devices market generated a revenue of USD 149.1 million in 2023 and is expected to reach USD 260.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, therapeutic devices was the largest revenue generating product in 2023.
- Sleep Apnea Masks is the most lucrative product segment registering the fastest growth during the forecast period.
Sleep apnea devices market data book summary
| Market revenue in 2023 | USD 149.1 million |
| Market revenue in 2030 | USD 260.5 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutic devices |
| Fastest growing segment | Sleep Apnea Masks |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Devices, Therapeutic Devices, Sleep Apnea Masks |
| Key market players worldwide | ResMed Inc, Koninklijke Philips NV, Fisher & Paykel Healthcare Corp Ltd, BMC Medical, Natus Medical, SOMNOmedics, ZOLL Medical Corporation, Nihon Kohden Corp, Curative Medical, React Health, Somnetics, Compumedics-alpha trace |
Other key industry trends
- In terms of revenue, Australia accounted for 3.3% of the global sleep apnea devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sleep apnea devices market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 260.5 million by 2030.
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Sleep Apnea Devices Market Scope
Sleep Apnea Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia sleep apnea devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sleep apnea devices market will help companies and investors design strategic landscapes.
Therapeutic devices was the largest segment with a revenue share of 79.41% in 2023. Horizon Databook has segmented the Australia sleep apnea devices market based on diagnostic devices, therapeutic devices, sleep apnea masks covering the revenue growth of each sub-segment from 2018 to 2030.
Australia sleep apnea devices market is estimated to grow over the forecast period and a key factor driving the market is increasing prevalence of sleep apnea in the country.
OSA is quite prevalent in the general population and is recognized as a major public health and economic burden, with an estimated cost of more than USD 5.1 billion a year in healthcare and indirect costs to the Australian community.
The prevalence of OSA varies between 9% and 38% among adults in the country. Moreover, rising incidence of obesity in the country is likely to drive the market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia sleep apnea devices market , including forecasts for subscribers. This country databook contains high-level insights into Australia sleep apnea devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia sleep apnea devices market size, by product, 2018-2030 (US$M)
Australia Sleep Apnea Devices Market Outlook Share, 2023 & 2030 (US$M)
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