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Increasing Investments Flourishing the Sleep Apnea Devices Industry

Jan 10, 2017

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According to a new research report by RNCOS entitled,Global Sleep Apnea Market Outlook 2020”, companies in the sleep apnea therapeutic devices market are involved in rigorous investments to develop easy to use, effective and compact sleep apnea devices
 
The increasing awareness about sleep apnea across the globe has garnered a lot of attention from various medical devices players, thereby resulting into heavy investments in the industry. The market, which is highly consolidated and is dominated by ResMed and Philips majorly, has witnessed the entry of many new players.
 
For instance, a Burlington start up, Airing Inc., has raised its first equity investment, US$ 500,000, to help it commercialize a tubeless sleep apnea device in December 2015. The investment in Airing Inc. is the first for the company since the Indiegogo campaign was launched in July.
 
Israeli Viola Private Equity has decided to invest US$ 28.4 Million in a micro-cap medical device company Itamar Medical, in August 2015. The investment will make the firm the largest shareholder in the cardiovascular and sleep apnea specialist.
 
Sorin Group, a global medical device company and a leader in the treatment of cardiovascular diseases, also announced a US$20 Million minority investment in Respicardia in late 2014. Respicardia has developed the first fully implantable device for the treatment of central sleep apnea (CSA).
 
SomnoMed Limited, recently in October 2015, acquired the business of Strong Dental in Leamington, Ontario, Canada. The acquisition covers all tangible and intangible assets of Strong Dental, an exclusive license to all patents linked to dental sleep devices made by Strong Dental for the treatment of sleep disordered breathing. This acquisition will further increase the presence of SomnoMed, thus making its oral appliances for sleep apnea, more readily available.
 
With the increasing investment in the sleep apnea market, the market is expected to burgeon in the future.
 
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/%20IM806.htm
 
Check Related REPORTS on: http://www.rncos.com/Healthcare_Industry.htm


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