HOME Research Insight ResMed, Inc. (U.S.), Philips Healthcare (Netherlands), and Fisher & Paykel Healthcare Ltd. (New Zealand) to Secure Leadership Position in the Global Sleep Apnea Devices Market



ResMed, Inc. (U.S.), Philips Healthcare (Netherlands), and Fisher & Paykel Healthcare Ltd. (New Zealand) to Secure Leadership Position in the Global Sleep Apnea Devices Market


A number of key players are competing to secure larger shares of the sleep apnea devices market by launching new products. The overall market was dominated by ResMed, Inc. (U.S.), Philips Healthcare (Netherlands), and Fisher & Paykel Healthcare Ltd. (New Zealand). Other players include SomnoMed Ltd. (Australia), Compumedics Limited (Australia), Weinmann Medical Devices GmbH (Germany), Whole You, Inc. (U.S.), BMC Medical Co., Ltd. (China), DeVilbiss Healthcare (U.S.), and Braebon Medical Corporation (Canada).

ResMed, Inc. (U.S.) dominated the sleep apnea devices market in 2015. The company held a major share of 40% in the sleep apnea devices market on account of its diversified product portfolio, widespread geographical presence, and focus on strategies such as expansions. In 2016, the company invested USD 118.7 million (~6% of its total revenue) in research and development activities. This enabled the company to introduce technologically advanced and innovative products in the market. ResMed has a vast geographic presence and sells its products in approximately 100 countries through a combination of wholly owned subsidiaries and independent distributors. The company also focuses on inorganic growth strategies such as acquisitions to enhance its product portfolio and strengthen its global presence. In February 2016, ResMed, Inc. acquired Brightree LLC (U.S.), a provider of cloud-based software solutions for the post-acute care industry. The company also focuses on strengthening its sales and marketing activities to expand its presence in the international and emerging markets. However, the company faces stiff competition from Philips Healthcare (Netherlands), Fisher & Paykel Healthcare Ltd. (New Zealand), DeVilbiss Healthcare (U.S.), and BMC Medical Co. Ltd. (China).

Philips Healthcare (Netherlands) is a major player in the global sleep apnea devices market. The company’s strong position in this market can be attributed to its acquisition of Respironics in 2008. Respironics is a U.S.-based established manufacturer and distributer of sleep and respiratory products, with a strong focus on innovation. The company’s wide geographical presence and strong distribution network have also helped it to gain a significant market share. In the past three years, innovation has been the company’s core business strategy to increase its share in the global sleep apnea devices market. This strategy is largely supported by the company’s strong R&D activities. The company invested USD 1,167.7 million (9.8% of its sales) in R&D in 2015. The company’s rich pool of skilled R&D personnel ensures constant development and introduction of technologically advanced products in the market. This further helps the company to launch products like masks, PAP devices, and ventilators.

Players operating in the sleep apnea devices market adopted the strategy of new product launches, being the most-preferred strategy (52.0% of the total strategic developments in the market during 2013 to 2016). The key players that adopted this strategy are Philips Healthcare (Netherlands), ResMed, Inc. (U.S.), DeVilbiss Healthcare (U.S.), Fisher & Paykel Healthcare Ltd. (New Zealand), Circadiance (U.S.), Weinmann Medical Devices GmbH (Germany), Braebon Medical Corporation (Canada), Masimo Corporation (U.S.), Teleflex Inc. (U.S.), Whole You, Inc. (U.S.), and SomnoMed Limited (U.S.).

Related Reports:

Sleep Apnea Devices Market by Product, Therapeutic (CPAP, APAP, BPAP, Masks, Oral Appliances (Mandibular Advancement Device), Diagnostic (PSG, Pulse Oximeter), End User (Home Care Settings, Hospitals) - Analysis & Global Forecasts to 2021

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