Summary

The rising prevalence of sleep apnea in South Korea, expanding awareness of the illness, and government attempts to promote the use of sleep apnea devices are all contributing to the market's rise. The prevalence of sleep apnea is predicted to rise as the disorder becomes more prevalent and individuals become more aware of it. South Korea's government has also taken many steps to promote the use of sleep apnea devices, such as equipment subsidies and public awareness campaigns. Sleep apnea is a common sleep problem in South Korea, affecting a large percentage of the population. As of increased awareness, diagnosis, and technological improvements, the need for therapeutic devices to control sleep apnea has increased. A variety of reasons contribute to the expansion of this market in South Korea. Furthermore, the general public's and healthcare professionals' rising awareness of the health dangers associated with untreated sleep apnea has spurred demand for these devices. Increased awareness campaigns, educational activities, and healthcare practitioners proactive approach to detecting and treating sleep disorders have all contributed to the market's growth. The market for therapeutic devices for sleep apnea has seen amazing developments. Continuous positive airway pressure (CPAP) machines, which are used to treat obstructive sleep apnea, have improved in terms of comfort, mobility, and usability. Furthermore, the introduction of alternative devices, such as oral appliances and adaptive servo-ventilation systems, has given patients more options for managing their disease. South Korea has a well-developed healthcare infrastructure and government policies that encourage the use of modern medical equipment. Reimbursement regulations for sleep problem treatments have increased the accessibility of these therapeutic devices to a greater segment of the population, encouraging more people to seek diagnosis and treatment.

According to the research report "South Korea Sleep Apnea Therapeutic Devices Market Overview, 2028," published by Bonafide Research, the South Korea Sleep Apnea Therapeutic Devices market is projected to reach market size of more than USD 250 Million by 2028. In recent years, the perception and acceptance of sleep apnea products in South Korea have shifted significantly, reflecting changing attitudes about sleep disorders, healthcare, and technical improvements. The growing acknowledgment of the significance of sleep problems for general health is one significant factor driving the changing perception of sleep apnea products. South Koreans are becoming more aware of the possible health implications of untreated sleep apnea, such as cardiovascular difficulties, cognitive disorders, and daytime exhaustion limiting work productivity. As a result, there is a greater emphasis on finding adequate diagnosis and treatment, which is favourably influencing consumer perceptions of sleep apnea products. Government assistance and healthcare programmes have also helped to shift opinions. Efforts to improve healthcare infrastructure, raise awareness, and offer financial support or insurance coverage for sleep disorder treatments have made these products more accessible and acceptable to a broader segment of the population. South Korea is well-known for its technological progress and creativity. The incorporation of cutting-edge technology into sleep apnea solutions has been favourably received by the public. The smart features of these devices, such as mobile connectivity, data tracking, and personalised settings, coincide with the tech-savvy mindset of South Korean customers, making their use more desirable and acceptable. Sleep apnea products' price and accessibility are important predictors of their perception. Efforts to make these gadgets more accessible through insurance coverage or financing support have increased their usage and acceptance across socioeconomic lines. It has been found that sleep health is becoming more integrated into South Korean wellness culture. As individuals prioritise holistic well-being, the management of sleep disorders through appropriate products and treatments has gained recognition as an essential aspect of maintaining overall health.

In terms of product market is bifurcated into positive airway pressure (PAP) device, adaptive servo-ventilation (ASV), airway clearance systems, oxygen devices, oral appliances, and others. Oral appliances sleep apnea products are growing at rapid pace in South Korea sleep apnea therapeutic devices market. Oral appliances can be used instead of CPAP machines, which some people find painful or bulky. These devices are often smaller, less invasive, and more pleasant to wear while sleeping, making them appealing to people who have difficulty adhering to CPAP therapy. Because of their ease of use and higher compliance rates, many users prefer oral appliances. Unlike CPAP machines, which require the use of a mask and pressurised air, oral appliances are easier to use and can be more easily integrated into one's sleep routine, resulting in higher treatment adherence. Oral appliances are appropriate for a wide range of sleep apnea severity levels, including mild to serious cases. Their versatility in treating different levels of sleep apnea expands their market appeal and caters to a wider range of patients who may not require more intensive therapies. Oral appliances are becoming more popular among healthcare experts and consumers in South Korea as a potential therapy option for sleep apnea. Increased teaching and promotion of these devices by healthcare experts has contributed to their increased acceptance and endorsement. The choice of non-intrusive and less disruptive solutions is consistent with South Korean cultural views towards health and wellness. Because they are less obtrusive and more adaptable to daily life, oral appliances fit well with the lifestyle preferences of many people in the country.

Based on end user segment market is segmented into home care settings & individuals and sleep laboratories and hospitals. Among them home care settings & individuals are major end users of sleep apnea therapeutic devices products in South Korea. South Koreans have long valued family and home care. This preference for home-based care extends to sleep apnea therapy. Many Koreans opt to treat their sleep apnea at home using devices such as continuous positive airway pressure (CPAP) or other sleep apnea therapy devices. A variety of policies have been put in place by the government to encourage the use of home-based sleep apnea treatment. These policies include financial help for the purchase of CPAP devices and other sleep apnea therapeutic devices, as well as training healthcare personnel to treat sleep apnea at home. In recent years, there has been a rapid development of new and creative sleep apnea therapy devices. These devices are frequently more pleasant and simple to use than classic CPAP machines, making them appealing to South Koreans.

Considered in this report:
• Geography: South Korea
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• South Korea Sleep Apnea Therapeutic Devices market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product:
• Therapeutic Devices
• Diagnostic Devices

By End User:
• Home care Settings & Individuals
• Sleep laboratories & Hospitals

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Sleep Apnea Therapeutic Devices industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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