Home Sleep Screening Devices Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4021
Home sleep screening devices market size is expected to grow significantly from 2019 to 2025.
Technological advancements in home sleep screening devices is anticipated to boost industry growth over the coming years. Moreover, increasing trend of operating sleep tracker as a lifestyle accessory should foster business growth. The benefits associated with home sleep testing is expected to encourage customer preference. Additionally, benefits include patient can self-administer home sleep test, extremely beneficial for home-bound elderly individuals or suffering through some chronic illness. Also, it is helpful for those individuals that have trouble arranging time from their schedules. It yields similar results to in-lab sleep study thus; such advantages are expected to upsurge home sleep screening devices market size.
Increasing prevalence coupled with growing awareness regarding sleeping disorders are factors that render positive impact on home sleep screening devices market. Surging demand for home sleep screening devices should favor business growth. Moreover, rising adoption of home sleep screening devices and supporting initiatives for improving awareness, diagnosis and treatment of sleeping disorders are factors that further foster home sleep screening devices industry growth. However, high cost associated with home sleep screening devices might restrain business growth to some extent.
Wearable home sleep screening devices segment is projected to grow significantly during the forecast timeline due to increasing demand for wearable devices coupled with availability of advanced devices. Furthermore, advantages associated with wearable home sleep screening devices that include ease of use, flexibility, capability, convenience along with app accessibility are factors that further propel segmental growth.
Sleep apnea segments will grow considerably over the coming years on an account of increasing prevalence of sleep apnea. Moreover, availability of portable sleep apnea testing devices that are accurate, efficient and better in specificity and sensitivity are factors that boost segmental growth.
North America home sleep screening devices industry is estimated to witness robust CAGR during the forecast period. Growth is mainly attributed to escalating prevalence of sleeping disorders coupled with increasing adoption of advanced home sleep screening devices. Moreover, increasing awareness regarding sleeping disorders and effective measures taken for same are aspects that should boost regional growth over the coming years. Additionally, technological advances and growing trend for sleep tracker to be used as a lifestyle among individuals is expected to favor regional growth.
Some of the notable business players operating in the home sleep screening devices industry includes Koninklijke Philips, Garmin, ResMed, Dream Sleep, Cleveland Medical Devices, NovaSom, Itamar Medical, ApneaMed, SleepWorks, and VirtuOx. Prominent business players focus on strategies such as mergers, acquisitions, and novel product launches in order to capture more market share and also to sustain the competition in the industry.
Home Sleep Screening Devices Market By Product Type, 2014-2025 (USD Million)
- Sleep Monitors
- Type II
- Type III
- Type IV
- Wrist Devices & Hand Bands Devices
- Sleep Mask Tracker Devices
- Ring Devices
- Headband Devices
- Under Mattress Non-Wearable Devices
- Under Sheet Non-Wearable Devices
- Bedside Non-Wearable Devices
- Smart Sleep Equipment
- Smart Beds
- Smart Mattresses and Pillows
Home Sleep Screening Devices Market By Application, 2014-2025 (USD Million)
- Sleep Apnea
- Sleep Deprivation
- Circadian Rhythm Disorders
Home Sleep Screening Devices Market By Distribution Channel, 2014-2025 (USD Million)
- Retail Stores
- Hypermarkets and Supermarkets
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Koninklijke Philips N.V.
- Garmin Ltd.
- Dream Sleep
- Cleveland Medical Devices Inc.
- Itamar Medical Ltd.
- Ez Sleep
- SleepWorks, LLC
- VirtuOx, Inc.
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