The global sleep apnea devices market is expected to reach $5.3 billion by 2020, a huge increase from an estimated $3.7 billion in 2015, reports Markets and Markets. The 5-year predicted increase is due to increased awareness of oral appliances, an increasing number of diagnosed sleep apnea patients, and improved reimbursement rates, along with other factors.
Therapeutic oral appliances are expected to register double-digit growth in the forecast period, according to the report. This is good news for manufacturers of oral sleep appliances such as Keller Labs, Somnomed, and Glidewell.
By region, North America is expected to command the largest share of the sleep apnea devices market. The predictions are based on a CAGR of 7.2% during the forecast period.
More than 18 million Americans have sleep apnea, and many are not receiving treatment, according to the American Academy of Dental Sleep Medicine. Read why catching z’s isn’t so simple with sleep apnea.
Learn more about Oral Appliance Therapy.
Image: Glidewell's Silent Nite dentist-prescribed oral appliance.