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Home Sleep Screening Devices Market size is anticipated to record substantial growth between 2023 and 2032 as these devices have the benefit of enabling testing in the patient's home with less equipment. Home sleep tests (HSTs) are less expensive and more widely accessible compared to in-facility polysomnography (PSGs).
In terms of application, the home sleep screening devices market from the sleep apnea application is expected to hold a major revenue by 2032. A rise in the use of home sleep apnea testing solutions for the identification of this condition is expected to influence market development. The tests often evaluate a patient's heart rate, breathing patterns, blood oxygen saturation, and airflow. Healthcare providers recommend therapy in circumstances where the results are abnormal without ordering more tests.
On the basis of products, a significant increase in the creation of new products in the wearables segment by key industry players is expected to drive market outlook. Obstructive sleep apnea (OSA) in adults can be detected with a tiny wearable that enables remote, automated home testing.
According to the regional environment, the North America home sleep screening devices market to have profitable development over the coming years. Rising cases of obstructive sleep apnea (OSA), which is one most common sleep-related breathing disorders, across the region will drive this progress. The American Medical Association (AMA) claims that about 30 million people in the US have sleep apnea, of which only 6 million are diagnosed with the condition. OSA is often diagnosed among men but is also prevalent among women. The estimated prevalence of OSA in North America is approximately 15% to 30% in males and 10% to 15% in females.
NovaSom, SleepWorks, Koninklijke Philips, ResMed, Itamar Medical (ZOLL Medical), Cleveland Medical Devices, ApneaMed, Garmin, Dream Sleep, and VirtuOx, among others, are some of the leading companies in the home sleep screening devices market.
Due to the Russia-Ukraine conflict, there has been a great deal of volatility among business around the world and the home sleep screening devices industry is no exception to this. The impact of the war is driving up natural gas and electricity prices, which is hurting the European markets. Many suppliers are worried about their products as there is a shortage of raw materials and the demand for these devices.