Global Hypoglossal Nerve Stimulation Therapy Market 2024 research report offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.
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Rise in prevalence of sleep disorders, rise in geriatric populations, increase in chronic diseases, and others are the major factors that positively driving the growth of the market during the forecast period. Prevalence of obstructive sleep apnea is anticipated to be 2% to 5% of the adult population in Korea, and obstructive sleep apnea is calculated as 4.5% of men and 3.2% of women between 40 to 69 years. Furthermore, FDA approved HGNS therapy in 2014 and is used by over 3,200 patients globally. This therapy was basically for the people diagnosed with moderate to severe obstructive sleep apnea and are unable to get advantages from CPAP (continuous positive airway pressure), not diagnosed with obesity, and others are propelling the growth of the market during the forecast period. Moreover, research and development activities coupled with technological advancement such as miniaturization, automation, and others are positively influencing the growth of the market during the course of the period.
Drivers & Restraints
Hypoglossal nerve stimulation also known as pacemaker for the tongue or upper airway stimulation. It is an implantable medical device that electrically stimulates the hypoglossal nerve to the tongue that helps in reduction of obstructive sleep apnea. Additionally, the hypoglossal nerve can be defined as the nerve starting from the brain stem to the neck downwards and again back till tongue. It helps in motor control of tongue muscle as well as voluntary and involuntary functions such as swallowing, and others. Furthermore, hypoglossal nerve stimulator therapy works inside the individual’s body and helps in the natural breathing of the patient’s process by treating sleep apnea. Airways are kept open during sleep helping oxygen to flow naturally. This stimulating device and breathing sensor are implanted in the chest of the patient which are connected to stimulating lead that further connects the hypoglossal nerve. Patients use small handheld remote to operate before going to sleep and once they wake up. Hypoglossal nerve stimulation consists of a programmable pulse-generating system, stimulating electrode, and implantable intrathoracic pressure sensor. In addition to this, hypoglossal nerve stimulation is used for the treatment of obstructive sleep apnea which deals with the most commonly observed sleep disorder indicating continuous start and stops of breathing during sleep.
This study provides information about the sales and revenue during the historic and forecasted period of (2024 to 2030). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Hypoglossal Nerve Stimulation Therapy Market report.
This report focuses on Hypoglossal Nerve Stimulation Therapy Market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Hypoglossal Nerve Stimulation Therapy Market market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
An Overview of the Impact of COVID-19 on this Market:
The advancement of COVID-19 has conveyed the world to a stop. We fathom that this prosperity crisis amazingly influences associations across ventures. Nevertheless, everything fortunate or unfortunate should reach a conclusion. There are a couple of organizations that are fighting and some are thriving. By and large, essentially every region is relied upon to be impacted by the pandemic.
We are advancing incessant endeavors to help your business support and create during COVID-19 pandemics. Considering our experience and expertise, we will offer you an impact examination of Covid episode across ventures to help you with preparing for what’s to come.
Key players covered in the global Hypoglossal Nerve Stimulation Therapy Market research report:
Nyxoah SA., Fisher & Paykel Healthcare Limited, Koninklijke Philips N.V., Curative Medical, Braebon Medical Corporation, BMC Medical Co., Ltd., Oventus, Invacare Corporation, and others.
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Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Key Stakeholders
- Natural substance providers
- Merchants/brokers/wholesalers/providers
- Administrative bodies, including government organizations and NGO
- Business innovative work (RandD) establishments
- Merchants and exporters
- Government associations, research associations, and counseling firms
- Exchange affiliations and industry bodies
- End-use enterprises
Major Table of Contents for Hypoglossal Nerve Stimulation Therapy Market Research Report:
- Introduction
- Executive Summary
- Market Dynamics
- Key Market Growth Insights
- Global Market Analysis, Insights and Forecast, 2024-2030
- North America Market Analysis, Insights and Forecast, 2024-2030
- Europe Market Analysis, Insights and Forecast, 2024-2030
- Asia Pacific Market Analysis, Insights and Forecast, 2024-2030
- The Middle East and Africa Market Analysis, Insights and Forecast, 2024-2030
- Latin America Market Analysis, Insights and Forecast, 2024-2030
- Competitive Landscape
- Global Hypoglossal Nerve Stimulation Therapy Market Revenue Growth, Industry Share Analysis, By Key Players, 2024
- Company Profiles
- Conclusion
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