Hypoglossal Nerve Stimulation Therapy Market 2021: Global Industry Analysis by Top Manufacturers with Size, Share, Segments

(The Express Wire via Comtex)

The global “hypoglossal nerve stimulation therapy market size” is expected to grow at a notable rate on account rising prevalence of obstructive sleep apnea (OSA), according to Fortune Business Insights™ in its report, titled “Hypoglossal Nerve Stimulation Therapy Market Size, Share and Industry Analysis, By Treatment Devices (Inspire II Upper Airway Stimulation device, Aura 6000 Sleep Therapy System, Others) By Product Type (Implantable, Battery free, Leadless, Electrodes, Others), By Distribution Channel (Hospitals, Specialty Clinics and Diagnostic Laboratories, Research and Academic Institutes) Others and Regional Forecast, 2019-2026”. The American Academy of Sleep Medicine (AASM) estimates that approximately 24% of men and 9% of women have breathing issues associated with OSA, regardless of daytime sleepiness. More importantly, the AASM notes, between 80% and 90% of OSA patients remain undiagnosed. OSA is a serious condition that can give rise to a host of health complications such as increased risk of stroke, higher heart rate, and random mood changes. Hypoglossal nerve stimulation is an effective therapy for OSA. It involves implantation of an electrical device that sends impulses to the hypoglossal nerve, causing tongue protrusion and removes upper airway obstruction in adults.

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Leading Players operating in the Hypoglossal Nerve Stimulation Therapy Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

  • Invacare Corporation
  • BMC Medical Co., Ltd.
  • Curative Medical
  • Fisher and Paykel Healthcare Limited
  • Oventus
  • Braebon Medical Corporation
  • Koninklijke Philips N.V.
  • Nyxoah S.A.

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Regional Insights

Strong Support to Medical Research to Augment the Market in North America and Europe

Among regions, North America is expected to dictate the market trends during the forecast period owing to the robust funding for medical research in the region. Extensive research on sleep disorders in the region is enabling companies to develop innovative solutions for patients with OSA. In addition to this, high prevalence of risk factors for OSA, such as obesity, diabetes, and aging, is also fueling the regional market growth.

Similar trends are witnessed in Europe, which are allowing the region to strengthen its grip on the hypoglossal nerve stimulation therapy market share. Besides these trends, increasing per capita health expenditure and promising advancements in healthcare technologies will also aid the market. Increasing geriatric population is anticipated to be the most prominent driving force for the market in Asia Pacific.

Hypoglossal Nerve Stimulation Therapy Market Segmentation

By Treatment Devices

  • Inspire II Upper Airway Stimulation device
  • Aura 6000 Sleep Therapy System
  • Others

By Product Type

  • Implantable
  • Battery free
  • Leadless
  • Electrodes
  • Others

By Distribution Channel

  • Hospitals
  • Specialty Clinics and Diagnostic Laboratories.
  • Research and Academic Institutes
  • Home Settings
  • Others

By Geography

  • North America (USA, Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Middle East and Africa (South Africa, GCC, and Rest of Middle East and Africa)

Reasons to Purchase this Report:

  • Comprehensive analysis of the Hypoglossal Nerve Stimulation Therapy Market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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KEY QUESTIONS ANSWERED:

  • What are the key technological and Hypoglossal Nerve Stimulation Therapy Market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
  • Why Choose Fortune Business Insights?
  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Hypoglossal Nerve Stimulation Therapy Market growth?

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