A research firm has predicted that the value of the global sleep market will more than double by 2017 – specifically, a jump from $7.96 billion in 2011 to an estimated $19.72 billion five years from now.
This news comes from a report titled “Sleep Apnea Diagnostic & Therapeutic Devices Market Competitive Landscape & Forecast,” generated by Texas-based Markets and Markets. An alarming prediction in the report is that there are some 100 million people with sleep apnea throughout the world and more than 80% of them are undiagnosed.
Sleep apnea is a condition that causes a person to have periodic episodes of breathing cessation during sleep. The episodes may last only a few seconds, but the sufferer could have a hundred or more of them in a night.
The reason such a high percentage of individuals are suspected to have sleep apnea and not know it is because they’re not aware that they stop breathing during sleep. Additionally, the primary symptoms of this condition are daytime sleepiness and impaired alertness. Those symptoms could point to a host of other disorders and so far, because of a lack of education of the general public, the majority of sleep apnea sufferers just try to remedy their “problems” by other methods.
But as understanding and awareness grows both among patients and medical professionals, more people are expected to be correctly diagnosed and have proper treatment initiated. Sleep apnea treatment involves the use of a breathing device, known as a CPAP machine and mask. The CPAP mask is worn over the nose or mouth and nose during the night. Air pushed from the CPAP machine into a tube which connects the mask helps prevent the temporary closing of the throat.
As more and more people are diagnosed with sleep apnea, it’s unclear if or how treatment methods will change, but it’s clear, as noted in a synopsis of the above-mentioned report, that “[t]he demand for sleep apnea devices is slated to increase at a faster pace, owing to gradually increasing awareness among both patients and the medical fraternity.”
The report says that “novel therapies” are expected to appear and propel the growing market. We don’t yet know what these therapies will include, but by educating the general public (which includes the estimated 80% of undiagnosed sleep apnea sufferers), we can bring better health and effective treatment to those who need it.
Fortunately the term “sleep apnea” is no longer a completely unknown term in most developed nations. With market growth and more people being correctly diagnosed, we expect a huge increase in public service announcements, commercials, ads and other marketing methods that will steamroll until sleep apnea is well-understood by everyone.
With providing knowledge as of primary concern at The CPAP Shop, we are determined to constantly provide the best information to our customers plus continue to improve our product selection, ordering and shipping processes and customer service. We continue to spread the word about the importance of consulting a physician if an individual is experiencing un-explained tiredness during the day and trouble with alertness.