Singapore Sleep Apnea Devices Market Size & Outlook
Singapore sleep apnea devices market, 2018-2030 (US$M)
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Singapore sleep apnea devices market highlights
- The Singapore sleep apnea devices market generated a revenue of USD 114.0 million in 2023 and is expected to reach USD 194.9 million by 2030.
- The Singapore market is expected to grow at a CAGR of 8% 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 114.0 million |
| Market revenue in 2030 | USD 194.9 million |
| Growth rate | 8% (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, Singapore accounted for 2.5% 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 |
|---|
Singapore 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 79.39% in 2023. Horizon Databook has segmented the Singapore 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.
Major factors driving the sleep apnea devices market in Singapore are increasing prevalence of OSA in the country due to rising incidence of obesity and rapidly aging population.
For instance, according to the National Population Health Survey, in 2017, the prevalence of obesity was around 8.9% in the local population aged between 18 and 59 years.
In an article published by Royal Philips on “Wake up Call: Global Sleep Satisfaction Trends” in March 2020, an improvement was found in the sleep patterns of Singaporeans.
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Our clientele includes a mix of sleep apnea devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore sleep apnea devices market , including forecasts for subscribers. This country databook contains high-level insights into Singapore sleep apnea devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore sleep apnea devices market size, by product, 2018-2030 (US$M)
Singapore Sleep Apnea Devices Market Outlook Share, 2023 & 2030 (US$M)
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