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Sleep Apnea Device CPAP Market Will See Huge Growth By 2023

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CPAP stands for continuous positive airway pressure, a medical device which is used to cure sleep apnea. Sleep apnea is a sleep disorder, and the CPAP device provides continuous mild air pressure to keep the airway open during sleep. As patients with sleep disorder are increasing in massive number due to high blood pressure, obesity, stress and irregular lifestyles, the demand for CPAP devices is continuously increasing in medial stores and hospitals.

Recently, Food and Drug Administration (FDA) cleared that this small CPAP device is also helpful to continue with sleep apnea therapy during traveling and it is supporting home medical equipment providers to generate extra revenue. There is a continuous growth in CPAP worldwide market, and it will lead to a huge impact on share and size with 7.1% CAGR by 2023.

CPAP device market is geographically divided into four sections, namely, North America, Europe, Asia Pacific, and Middle East & Africa. Currently, the American market is dominating half of the world’s CPAP market, and it is followed by Middle East & Africa regions and the Asia Pacific regions. America is top in the list because an increased number of sleep apnea patients are looking for diagnoses. Asian countries namely, India and China are showing continuous growth in sleep apnea patients and the demand of CPAP is increasing day by day.

CPAP market is also growing continuously in European countries, namely, Germany, Spain, UK, France, and Italy. UK is the major consumer of CPAP devices in Europe. Growth of the CPAP market in European countries is not only due to the increased number of sleep apnea patients but also due to well defined regulatory guidelines.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

New York On Track to Legalize Online Gambling

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Online gambling is slowly gaining popularity in different parts of the world. More countries across the globe are opening up to online gambling.

This has led to the tremendous growth of the online gambling sector. However, in New York, things are different. Unlike other states in the US, New York has not fully made progress when it comes to online gambling.

They are still lagging behind other states, and this has limited its progress. It is no secret that there are plenty of racetracks and land-based casinos in New York. But, its elected representatives have not yet legalized online gambling, and this has New York missing out on millions of dollars online gambling can contribute in terms of revenue.

This begs the question, when did this reservation start? The reservation of New York legislatures begins way before the emergence of online gambling.

The History of Online Gambling in New York

When it comes to gambling, New York State is a pioneer but not in the most positive way. The reason why they were a forerunner in gambling is that they banned gambling constitutionally first in 1821 and set a pace for more gambling bans in the state. The other gambling bans came in 1864 and 1894.

This heralded the start of gambling prohibition, which lasted until the late 1930s. This prohibition made gambling take on a different phase and scale during the 1930s era.

One of the massive changes was the beginning of underground casinos run by the Mob or “families.” This went on for quite a while until the government finally decided to legalize horse racing.

Horse racing was the first legal form of gambling in New York. In line with other states, horse racing in New York was either in the form of polled betting systems or track bets.

Over the years, New York has allowed racing tracks to use Simulcast systems—this system shows horse races from different tracks all over the US and It also offers visitors gaming machines.

With these improvements, horse racing tracks slowly became popular entertainment venues. Over time, other gambling ventures gradually became popular.

In 1957, bingo games became legal. This was followed by the legalization of the lottery in 1996 and Charity gaming in 1970, but the breakthrough for poker and casinos came much later.

The legalization of casinos and poker games began when casinos located on tribal lands were given the opportunity to operate table and slot games.

This legalization eventually led to an increase of casinos with more choices for games for gamblers to play. However, over the years, the Indian tribe casinos slowly became commercial ones.

This led the legislation to pass a law in 2013 that enabled several casinos to open in New York. Despite the progress, New York has made online gambling is still not quite popular.

These laws also come with restrictions that do not allow players to participate in any form of criminal sanctions. The state now monitors and regulates gambling and no tolerance, especially for any type of illegal gambling. 

The Current State of Online Gambling in New York

As mentioned, New York is not opposed to land-based gambling like horse racing, lotteries, and offline casinos. It is still, however, opposed to online gambling. Could there possibly be a major change happening in the future?

There might be a light at the end of the tunnel for the legalization of online gambling in New York. One of the ways this is possible is if Joseph Addabbo Jr – a New York senator – can prove that the demand for sports betting is growing within the state. This helped convince the Senate on the importance of sports betting.

And it immediately led to the passing of the bill. This bill allowed for the expansion of casinos in terms of their mobile and online betting services. With this in motion, New York can finally start tapping into the revenue that comes from mobile sports betting.

This bill also makes it possible for the Senate to address issues like problematic gaming, the development of credible gaming industries, and the satisfaction of the constitutional requirements.

To facilitate the search of evidence, the senator is using the New York Gaming Commission to acquire information. The commission is looking into research firms to help expand their gaming study as well.

This will help evaluate how much New Yorkers would love to see the expansion of online gambling. The study will not only focus on the impact of sports betting in New York but also on a wider scale.

With this bill still facing opposition, it might take some time before online gambling can become a reality in New York. Some of the arguments raised include the lack of measures to tackle online gambling. With several measures in place, this no longer has to be an issue. With the history of unfriendliness to gambling, New York might take some time to legitimize online gambling.

Mike Tan From Online Casino Gems believes that the legalization is definitely on its way. “The state of New York has been in denial for too long. Their players continue to siphon off to New Jersey, especially those in NYC. As New Jersey continues to show tens of millions in taxable revenue each month, New York legislations are under pressure to get onboard. And they will.”

As much as we agree with Mr. Tan, one thing remains certain: whether New York will legalize online gambling is a difficult thing to say. On the one hand, gambling laws are more liberal than before. On the other hand, crackdowns against illegal online gambling are still a part of the process.

In Closing

Whatever the future may be, understanding the law is essential. After all, nobody wants to be prosecuted for enjoying a game of online poker.

This will make it quite easy for gamblers to know whether they are breaking the law. Although with the passing of the evidence bill, things are looking better for online gambling companies.

The more the State warms up to the idea of online gambling, the more their market will grow. It’s all a matter of taking it one step at a time and being hopeful.

This could create a massive shift in terms of lawmaking. Eventually leading to the legalization of online gambling. However, for the most part, we will just have to wait and see the outcome.

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