(MENAFN- GlobeNewsWire - Nasdaq) This Sleep Study Equipment market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.Dublin, Jan. 03, 2025 (GLOBE NEWSWIRE) -- The "Sleep Study Equipment Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The sleep study equipment market size has grown strongly in recent years. It will grow from $4.46 billion in 2023 to $4.78 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The sleep study equipment market size is expected to see strong growth in the next few years. It will grow to $6.36 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
The growth observed in the historical period can be attributed to factors such as an aging population, increasing obesity rates, trends in home healthcare, the expansion of e-commerce, and rising stress levels. The anticipated growth during the forecast period can be linked to heightened investment in sleep research, the expansion of telehealth services, the rising development of wearable sleep technology, an increased focus on mental health, and global health initiatives. Key trends expected during this period include the rise of startups, the advancement of non-invasive devices, the expansion of insurance coverage, partnerships and collaborations, and the integration of AI.
The high prevalence of sleep disorders is anticipated to drive the growth of the sleep study equipment market in the future. Sleep disorders are conditions that disrupt regular, quality sleep, impacting sleep quantity, quality, or timing, and potentially causing excessive daytime sleepiness. The increase in sleep disorders is primarily attributed to socioeconomic stress, lifestyle changes, and an aging population. Sleep study equipment aids in diagnosing and managing these disorders by monitoring sleep patterns and physiological data to pinpoint issues and customize treatments.
For example, a survey by in May 2023, a US-based non-profit focused on sleep health information and comprehensive product testing, found that between 50 million and 70 million people experienced persistent sleep disorders, with a rise linked to post-traumatic stress disorder (PTSD). Additionally, 70% of adults are affected by seasonal affective disorder (SAD). Consequently, the high prevalence of sleep disorders is fueling the growth of the sleep study equipment market.
Major companies in the sleep study equipment market are concentrating on developing advanced solutions, such as AI-enabled sleep scoring platforms, to enhance diagnostic accuracy, refine treatment plans, and improve patient outcomes. Incorporating artificial intelligence (AI) into sleep study equipment involves integrating sophisticated AI technologies into devices and systems that monitor and analyze sleep patterns.
For example, in August 2023, Neurobit Inc., a US-based health analytics firm, introduced Neurobit PSG, an AI-powered sleep scoring platform aimed at transforming sleep analysis for healthcare providers, researchers, sleep labs, and enterprises. This software provides precise and efficient sleep scoring through advanced AI algorithms, helping researchers and healthcare professionals streamline their workflows. It also ensures the secure storage of patient sleep data within the sleep lab's internal system, maintaining high levels of data protection.
North America was the largest region in the sleep study equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sleep study equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the sleep study equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Sleep Study Equipment Market Competitive Landscape and Company Profiles
Apple Inc. Samsung Electronics Co. Ltd. Xiaomi Corporation Becton Dickinson and Company Koninklijke Philips N.V.
Sleep Study Equipment Market Other Major and Innovative Companies
ResMed Inc. Nihon Kohden Corporation Fitbit Inc. Fisher & Paykel Healthcare Limited Loewenstein Medical Inc. DeVilbiss Healthcare LLC Natus Medical Incorporated SleepMed Inc. Nox Health Group Compumedics Limited NovaSom Inc. Oventus Medical Limited Responsive Surface Technology Inc. Braebon Medical Corporation Apex Medical Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $4.78 Billion |
| Forecasted Market Value (USD) by 2028 | $6.36 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Sleep Study Equipment Market Characteristics
3. Sleep Study Equipment Market Trends and Strategies
4. Sleep Study Equipment Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Sleep Study Equipment Market Size and Growth
5.1. Global Sleep Study Equipment Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Sleep Study Equipment Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Sleep Study Equipment Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Sleep Study Equipment Market Segmentation
6.1. Global Sleep Study Equipment Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Sleep Monitors Masks and Interfaces Sensors and Accessories Smart Beds and Pillows Other Types
6.2. Global Sleep Study Equipment Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Online Sales Offline Sales
6.3. Global Sleep Study Equipment Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals Sleep Centers Home Care Settings Other End Users
7. Sleep Study Equipment Market Regional and Country Analysis
7.1. Global Sleep Study Equipment Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Sleep Study Equipment Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
For more information about this report visit
About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
Sleep Study Equipment Market Report 2024
CONTACT:
CONTACT:
Laura Wood,Senior Press Manager
...
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
MENAFN03012025004107003653ID1109052111
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.