The global sleep apnea treatment devices market size is set to touch USD 8.97 billion by 2026, exhibiting a CAGR of 8.2% during the forecast period. Steadily climbing demand for sleep apnea devices, stemming from a consistent spread in the prevalence of sleep apnea, will be a major growth driver for this market, shares Fortune Business Insights™ in its new report, titled “Sleep Apnea Treatment Devices Market Size, Share & Industry Analysis, By Device Type (Positive Airway Pressure (PAP) Devices, Oral Appliances, Masks & Accessories, and Others), By End User (Sleep Laboratories & Clinics, and Homecare & Other Settings), and Regional Forecast, 2019-2026. visit: https://www.fortunebusinessinsights.com/sleep-apnea-treatment-devices-market-102694 A study published in the medical journal Lancet in 2019 found that nearly 1 billion people worldwide suffer from Obstructive Sleep Apnea (OSA). Regionally, too, the statistics conform to the global trends. For instance, the European Respiratory Society estimates that 13% to 32% of the geriatric population in Europe suffer from sleep apnea. As a result, the demand for sleep apnea treatment is escalating and driving the sleep apnea treatment devices market trends. Furthermore, the incidence of OSA is spiking owing to the rising prevalence of obesity, the most common cause for interrupted sleep, which according to the World Health Organization, presently affects close to 650 million adults worldwide. Availability of Advanced Treatment Options to Propel the Market in North America With a market size of USD 2.35 billion in 2018, North America is poised to dominate the sleep apnea treatment devices market share during the forecast period. The key factors augmenting this regional market include wide availability and high adoption of advanced products, along with growing prevalence of sleep disorders among the populace. In addition to this, supportive health insurance and reimbursement policies are further fueling the uptake of these devices in the region. In Asia-Pacific, the major driving force for the market is the rising demand for sleep apnea therapies in Japan and the presence of a large, underpenetrated market in the rest of the region. These factors are expected to aid Asia-Pacific to register a considerable CAGR in the upcoming years. Innovative Product Offerings to Characterize Market Competition Key players in this market are focusing on consolidating their position, according to the sleep apnea treatment devices market report. These companies aim to entrench themselves in this market through frequent launch of innovative products, which also helps them diversify their portfolio of offerings to consumers. Industry Developments: April 2019: San Diego-based medical devices manufacturer ResMed launched its novel top-of-head, sleep apnea solution called the AirFit P30i. The mask features a tube-up mechanism that enables the patient to sleep in any position without causing any discomfort. September 2019: Koninklijke Philips N.V., commercially introduced its sleep position therapy product for Positional Obstructive Sleep Apnea (POSA) patients, the Philips NightBalance. This is the company’s clinically-verified alternative to mask-based treatments for OSA, which also provides doctors and patients with real-time data. More Trending Topics from Fortune Business Insights: https://www.fortunebusinessinsights.com/industry-reports/prefilled-syringes-market-101946 https://www.fortunebusinessinsights.com/industry-reports/pet-insurance-market-101956