Home Sleep Apnea Testing Devices Market Size By Portability (Portable Devices, Stationary Devices), By Structure (Wired Devices, Non-wired Devices), By Device Type (Type 1, Type 2, Type 3, Type 4), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Belgium, Greece, Netherlands, Norway, Portugal, Romania, Russia, Sweden, Turkey, Switzerland, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Nov 2019  |  Report ID: GMI4439  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 200   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Home Sleep Apnea Testing Devices Market size exceeded USD 576.4 million in 2018 and is expected to achieve over 14.4% CAGR up to 2025.
 

Home Sleep Apnea Testing Devices Market

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Home sleep apnea testing devices are the devices that are specifically used at home to diagnose sleep apnea disorders. There are variety of home sleep apnea testing devices with different sensors and equipment that help in collecting information regarding breathing rate, heart rate, brain activity, muscle movement, etc. Home testing has become a very convenient, cost-effective and accurate way to diagnose sleep apnea disorders.  The overnight sleep study helps the sleep technologist in reviewing complete patient condition and further prescribe the necessary treatment. Increase in prevalence of sleep apnea can be directly associated with variety of health issues and chronic diseases. Growing demand for home sleep apnea testing owing to several advantages offered by the devices will help enhance the market growth in the near future.
 

Increase in number of people suffering from sleep apnea disorder across the globe is one of the major factors augmenting the growth of home sleep apnea testing devices market share. As per the recent research article, the global prevalence of obstructive sleep apnea (OSA) is projected to be around 1 billion currently. Rise in number of sleep centers across the globe and large number of undiagnosed population will be some of the significant factors impacting the market trends. Hence, growing preference of home sleep apnea testing has resulted in augmenting the demand and adoption rate of home sleep apnea testing devices, thereby fuelling the business growth.
 

Home Sleep Apnea Testing Devices Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 576.4 Million
Historical Data for: 2014 to 2017 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 14.4% 2025 Value Projection: USD 1,442.2 Million
Pages: 200 Tables, Charts & Figures: 487
Geographies covered (28): U.S., Canada, Germany, UK, France, Spain, Italy, Belgium, Greece, Netherlands, Norway, Portugal, Romania, Russia, Sweden, Turkey, Switzerland, China, Japan, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE
Segments covered: Portability, Structure, and Device Type
Companies covered (13): Cadwell Laboratories, CleveMed, Compumedics Limited, Contec Medical Systems, Itamar Medical, Koninklijke Philips N.V., Natus Medical, Neurosoft, NeuroVirtual/SleepVirtual, Nox Medical, ResMed, SleepMed, SOMNOmedics GmbH
Growth Drivers:
  • Increase in number of people suffering from sleep apnea disorder
  • Rising awareness among people regarding home sleep apnea tests
  • Favorable reimbursement policies for sleep apnea devices in developed countries
Pitfalls & Challenges:
  • High cost in developing countries
  • Stringent regulations

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Growing number of people suffering from sleep apnea disorder and large number of undiagnosed patient population will spur the adoption of home sleep apnea testing devices across the globe

Sleep apnea is becoming more widely recognized as one of the life-shortening and life-damaging diseases. Sleep disorders including sleep apnea has become a major health issue in the U.S. in the past few years. Moreover, according to the Health Europa, at present around 175 million people in the Europe suffer from sleep apnea. Majority of the patient population that are left undiagnosed and untreated are at high risk of serious health issues such as diabetes, hypertension and other cardiovascular diseases. Various studies show that the increase in sleep apnea disorder prevalence has resulted in growing economic burden, thereby requiring more enhanced diagnostic and treatment strategies. Hence, the aforementioned factors will play a vital role in propelling the home sleep apnea testing devices market demand.
 

Increasing usage of portable home sleep apnea testing devices will boost the market growth

Based on portability, the market is segmented as portable and stationary. The portable home sleep apnea testing devices held the majority market share and was valued at around USD 490 million in the year 2018. Increase in use of portable devices owing to several advantages such as ease of use, small size and easy to carry has resulted in showcasing the potential to drive the market growth. Recent technological advancements have led to several product enhancements such as accurate diagnosis and flexibility of device use during the sleep. Hence, the above-mentioned advantages will result in boosting the global market trends in the near future.
 

Several diagnostic advantages offered by the wired devices is expected to boost the home sleep apnea testing devices industry growth

Canada Home Sleep Apnea Testing Devices Market Forecasts, By Structure, 2018 (USD Million)
Canada Home Sleep Apnea Testing Devices Market Forecasts, By Structure, 2018 (USD Million)

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Based on the structure, the market is segmented into wired and non-wired devices. The wired home sleep apnea testing devices industry demand is estimated to grow at 14.3% over the estimation period. Wired devices provide several diagnostic parameters such as EEG, ECG, chin EMG, EOG, air flow, respiratory effort and oxygen saturation. The wired devices analyse the parameters to increase the diagnostic outcome of detecting sleep apnea. Hence, growing applications of wired devices in sleep apnea diagnosis will augment the market growth.
 

Growing application of Type 3 devices in sleep apnea diagnosis will augment the demand and adoption of home sleep apnea testing devices

Based on the device type, the global market is segmented into type 1, type 2, type 3 and type 4. The type 3 home sleep apnea testing devices market held more than 50% market share and was valued at around USD 310 million in the year 2018. The type 3 home sleep apnea testing devices are the most commonly used devices in sleep apnea detection owing to high pre-test probability and equivalent diagnosis to in-laboratory method. The type 3 devices monitor and records minimum of 4 parameters: respiratory movement/effort, airflow, ECG/heart rate and oxygen saturation. Hence, the above-mentioned factors will positively impact the market growth in the near future.
 

Presence of large number of sleep centers and rapidly increasing sleep apnea disorder prevalence in the U.S. will boost the global market share

North America Home Sleep Apnea Testing Devices Market Projections, By Country, 2018 & 2025 (USD Million)
North America Home Sleep Apnea Testing Devices Market Projections, By Country, 2018 & 2025 (USD Million)

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U.S. dominated the North American market demand with revenue of around USD 175 million in the year 2018. Increasing number of people suffering from sleep apnea disorder in the country has resulted in augmenting the business growth. As per the American Sleep Apnea Association, sleep disorders, especially sleep apnea has had a significant economic impact and become a major health issue in the country. It is estimated that around 22 million Americans are currently suffering from sleep apnea, out of which, 80% of the moderate to severe sleep apnea cases remain undiagnosed. Also, increase in number of sleep centers will significantly impact the market growth. According to the American Academy of Sleep Medicine (AASM), currently there are more than 3,000 AASM-accredited sleep centers in the U.S. to treat sleep apnea disorder. Hence, growing sleep apnea prevalence, favorable reimbursement scenario and increase in number of sleep apnea centers in the U.S. will result in augmenting the global market outlook over the forthcoming years.
 

China home sleep apnea testing device market is forecasted to show around 19% over the forthcoming years. The high growth is owing to changing eating habits, growing prevalence of chronic obstructive pulmonary disease and rise in awareness among the people regarding sleep apnea diagnosis at home. As per the recent statistics, currently, China has more than 2,000 sleep centers and over 40% of the Chinese population suffers from sleep disorders. Hence, the aforementioned factors will play a vital role in augmenting the market outlook in the near future.
 

Growing investment in research and development by major industry players will boost the market growth

Some of the major players in the home sleep apnea testing devices industry include ResMed, Philips Respironics, Natus Medical, Compumedics and Contec Medical Systems. These players have been engaging into mergers, acquisition, partnerships and collaborations to expand their product portfolios and reinforce their market position. Huge investment in R&D aimed at developing new products has created enormous industry competition. Growing demand for highly effective testing devices will provide more growth opportunities for the industry players. Commercialization and innovation in the product are the key strategies adopted by these companies for future growth perspective.
 

Recent industry developments:

  • In July 2019, Neurovirtual opened its office in Chile. The strategy helped the company to strengthen their market position by geographical expansion and increasing customer base in Latin America for neurology and sleep diagnostics.
     
  • In December 2017, Nox Medical announced its distribution agreement with Brojaw in Taiwan. The agreement helped the company in expanding home sleep apnea test device portfolio in Taiwan, thus driving company’s product reach.
     

The home sleep apnea testing devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD & volume in Units from 2014 to 2025, for the following segments:

By Portability

  • Portable Devices
  • Stationary Devices

By Structure

  • Wired Devices
  • Non-wired Devices

By Device Type

  • Test Type 1
  • Test Type 2
  • Test Type 3
  • Test Type 4

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Belgium
    • Greece
    • Netherlands
    • Norway
    • Portugal
    • Romania
    • Russia
    • Sweden
    • Turkey
    • Switzerland
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
       

Frequently Asked Questions (FAQ) :

Home sleep apnea testing devices are specifically used at home to diagnose sleep apnea disorders. There are variety of home sleep apnea testing devices with different sensors and equipment that help in collecting information regarding breathing rate, heart rate, brain activity, muscle movement, etc.
Increase in number of people suffering from sleep apnea disorders and rising awareness regarding the detection & diagnosis of sleep apnea at home will be key driving factors for the growth of global home sleep apnea testing devices industry.
Type 3 device segment dominates the industry with USD 310 million revenue share in 2018.

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