Sydney, Australia November 10, 2005 -- In its latest report, Strategic Analysis of the Australian Sleep Apnea Therapeutics Market, global growth consulting company, Frost & Sullivan estimates the total market for sleep apnea therapeutics is now worth $24 million, but predicts the market will expand rapidly in coming years as diagnosis rates increase.
Available data indicates that 4 per cent of men and 2 per cent of women in Australia – more than 450,000 suffer from sleep apnea. However, only a small percentage of patients have been diagnosed and treated.
Frost & Sullivan estimates that an average of 15 per cent of the affected population or only 72,000 people have been diagnosed and treated.
This makes the potential for sleep apnea therapeutics market enormous.
Growing awareness of the gravity of this disorder and the need for therapy will expand the existing consumer base for sleep apnea therapeutics. In addition, Medicare’s recent decision to extend reimbursements to cover at-home diagnosis by an expert technician, will also contribute to market expansion in the coming years.
Frost & Sullivan is pleased to bring you these exclusive insights at an analyst briefing on Thursday November 17, 2005 at 2:00pm AEST (Sydney).
This analyst briefing will offer insights into future trends in various product categories of the sleep apnea therapeutics market such as standard, bi-level, high-end, and auto-setting Continuous Positive Airway Pressure (CPAPs), humidifiers, and masks in the Australian market. This is likely to help companies align their positioning strategies to benefit from the changing markets and obtain maximum return on investment.
Those interested in participating in the web/tele-conference should send an email to Sharmin Jassal at sharmin.jassal @ frost.com with the following information: the analyst briefing title, your full name, media/company name, title, telephone number, e-mail address and country. Upon receipt of the above information, the registration, web link, dial-in number and pass code details for the live briefing will be emailed to you.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.
