Surge in the prevalence of sleep apnea is majorly driving the growth of the sleep apnea treatment market. As per the National Commission on Sleeping Disorders Research, globally about 38,000 deaths are accounting annually owing to the cardiovascular problems associated with sleep apnea. Furthermore, growing geriatric population, rising lifestyle changes, growing home care acceptance coupled with awareness of sleep disorders, improving healthcare infrastructure, introduction of new technologies and innovative products are expected to fuel the growth of sleep apnea treatment market. However, strict regulatory procedures, side effects associated with the medicine, high competition in the market are expected to hamper the sleep apnea treatment market growth.
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Based on medicine, the obstructive sleep apnea medicine market is segmented into the following:
• CNS stimulants
• Benzodiazepines
• Hypnotics
Based on distribution channel, the obstructive sleep apnea medicine market is segmented into the following:
• Hospital pharmacies
• Retail Pharmacies
• Online Pharmacies
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Increasing number of rehabilitation centres, awareness campaigns to assist patients with neurological disorders which has led to rise in number of patients seeking treatments for neurological disorders. The risk of sleep apnea is greater in age group of 50-60 years. According to UNO estimations in 2012, geriatric population was about 810 Mn and it is anticipated to grow over 2000 Mn people by 2050 globally.
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On the basis of geographical regions, obstructive sleep apnea medicine market is classified as into five key regions as Asia- Pacific, North America, Europe, Middle East & Africa and Latin America. North America holds largest share in the obstructive sleepapnea medicine market followed by Europe owing to the presence of large geriatric population of pool, high incidence and prevalence of obstructive sleepapnea, existence of advanced healthcare technologies and infrastructure. Asia Pacific obstructive sleep apnea medicine market is expected to show significant growth rate due to increase in awareness about sleep apnea and several co-morbidities, growing public and private healthcare expenditure, continuous launch of new products and technologies.
Some of the players in obstructive sleep apnea medicine market are Biogen, Inc (U.S)., Pfizer, Inc. (U.s), Johnson & Johnson Services, Inc. (U.S), Otsuka America Pharmaceutical, Inc. (U.S), Eli Lilly & Company (U.S), Merck & Co., Inc. (U.S), AstraZeneca (UK), Novartis AG (Switzerland), Teva Pharmaceutical Industries Ltd.(Israel) and Shire Plc. (Ireland)
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