Ambulatory Polysomnography Systems Market - By Product (Up to 12 Channel, Up to 24 Channel, Up to 32 Channel), By Application (OSA, Chronic Insomnia, Narcolepsy), By End-use (Hospitals, Sleep Laboratories) – Global Forecast, (2023-2032)
Report ID: GMI6998
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Published Date: October 2023
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Report Format: PDF
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Base Year: 2022
Companies covered: 10
Tables & Figures: 213
Countries covered: 22
Pages: 160
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Ambulatory Polysomnography Systems Market
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Ambulatory Polysomnography Systems Market Size
Ambulatory Polysomnography Systems Market size was valued at USD 423.4 million in 2022 and is estimated to reach USD 706 million by 2032. There is a constant rise in global population, with a growing proportion of older people.
For instance, according to a recent United Nations (UN) research statistic, the number of people aged 65 and over globally is predicted to treble over the next three decades. The aged population of above 65 is expected to reach 1.6 billion by 2050, accounting for more than 16% of the worldwide population. Sleep disorders such as sleep apnea are correlated with ageing. As a result, there is a growing demand for sleep apnea devices including tests and diagnostic tools such as ambulatory PSG devices to meet the specific sleep demands of older individuals. All the above factors are expected to continue to fuel the market progress.
Ambulatory polysomnography systems are portable and lightweight devices, allowing patients to perform sleep tests outside of a typical sleep laboratory or clinical environment, such as in their own homes. These systems generally consists of a collection of sensors and electrodes connected to the patient's body to record various physiological data while they sleep.
COVID-19 Impact
The COVID-19 pandemic had a negative impact on the ambulatory polysomnography systems market. While supply chain and healthcare services were initially disrupted owing to lockdowns and restrictions, the pandemic also focused on the significance of remote healthcare monitoring and diagnostics. As healthcare systems responded to the virus's obstacles, a greater focus was placed on telemedicine and home-based care, including the use of ambulatory PSG equipment for remote sleep monitoring. However, the market also faced challenges related to reduced patient access to healthcare facilities and changes in healthcare priorities during the peak of the pandemic.
Ambulatory Polysomnography Systems Market Analysis
The market is experiencing several notable trends that are shaping its growth and development. Some key trends include growing preference towards home-based sleep testing using ambulatory PSG systems, increasing wearable sleep monitoring devices, including smartwatches and fitness trackers, and rise in the use of artificial intelligence (AI) and data analytics in sleep medicine.
The ambulatory polysomnography systems market by product is categorized into up to 12 channels, up to 24 channel, up to 32 channel, and above 32 channel. The up to 12 channel segment garnered USD 173 million revenue size in the year 2022. The dominance of the segment is driven by the need for detailed sleep data for accurate diagnosis, personalized treatment plans, and research purposes.
Based on application, the ambulatory polysomnography systems market is segmented into obstructive sleep apnea, chronic insomnia, narcolepsy, and others. The obstructive sleep apnea segment accounted for over 52.3% business share in 2022 and is anticipated to witness robust growth during the forecast period.
The ambulatory polysomnography systems market by end-use is categorized into hospitals, sleep laboratories, and home care settings. The sleep laboratories segment garnered USD 223 million revenue size in 2022.
North America ambulatory polysomnography systems market accounted for USD 155.1 million revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.
Ambulatory Polysomnography Systems Market Share
The ambulatory polysomnography systems industry is fairly consolidated in nature, with major companies competing to offer superior ambulatory polysomnography systems in this business space. Prominent players such as Koninklijke Philips N.V, ResMed Inc., and Nihon Kohden Corporation hold a notable share in the market. These companies are diligently directing their efforts towards continuous product innovation to gain substantial market share.
Some of the eminent market participants operating in the ambulatory polysomnography systems industry include:
Ambulatory Polysomnography Systems Industry News:
Ambulatory polysomnography systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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By Product, 2018-2032 (USD Million)
By Application, 2018-2032 (USD Million)
By End-use, 2018-2032 (USD Million)
The above information is provided for the following regions and countries: