Home Sleep Apnea Testing Devices Market size worth over $1.4bn by 2025

Home Sleep Apnea Testing Devices Market size is set to surpass USD 1.4 billion by 2025, according to a new research report by Global Market Insights, Inc.
 

Increase in number of sleep centers across the globe will impel the market growth during the forecast timeframe. The rapid market expansion is owing to rising prevalence of sleep apnea disorders and large number of undiagnosed patient population. However, there are several guidelines and regulations that are needed to be followed while using home sleep apnea testing devices.

 

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Rise in awareness among the people regarding several applications of home sleep apnea testing will drive the home sleep apnea testing devices market value

Home sleep apnea testing is most commonly used to detect obstructive sleep apnea (OSA), with several insurance providers considering it as a cost-effective alternative. Some healthcare providers prefer it as a convenient initial screening for people with symptoms such as gasping during sleep, loud snoring and daytime sleepiness. With growing awareness of the condition and rise in the requests for home screenings, home test is considered as an alternative for patients that are likely to have moderate to severe OSA. Also, in the recent past years, home sleep testing for diagnosing OSA has gained scientific support and approval, resulting in enhanced growth of the market.
 

Increase in number of sleep centers for sleep apnea diagnostics will boost the industry growth

Growing number of sleep centers across the globe has resulted in augmenting the demand and adoption rate of home sleep apnea testing devices. As per the American Academy of Sleep Medicine (AASM), currently there are over 3,000 sleep centers in the U.S. The multidisciplinary sleep centers assist in facilitating highest-quality care to the patient that is cost-effective as well as quite accurate. Use of effective resources in a multidisciplinary sleep center can help strengthen the diagnostic possibility of sleep apnea disorders.
 

Browse key industry insights spread across 200 pages with 468 market data tables & 15 figures & charts from the report, “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, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/home-sleep-apnea-testing-devices-market
 

Rise in use of portable home sleep apnea testing devices will fuel the market demand

The portable home sleep apnea testing devices market was valued at around USD 490 million in 2018 and is estimated to expand at 14% growth rate by 2025. Recent technological advancements have resulted in new product introductions in home sleep apnea test devices that will further spur the market progression during the forecast timeline. Growing usage of portable sleep apnea test devices in developed countries attributed to favorable reimbursement scenario will be one of the major factors driving the industry expansion.
 

Growing technological developments in manufacturing non-wired home sleep apnea testing devices is expected to pave attractive growth opportunities

Non-wired home sleep apnea testing devices market size was USD 470 million in 2025 due to advantages such as convenience, comfortability and ease-of-use for patients. Non-wired devices offer highest degree of accuracy and lowest documented failure rate. For instance, ARES, a next generation device is designed to be worn in all sleep positions. The device has sophisticated sensors and is comfortable in use along with the unmatched accuracy and service. The device has 96% concordance with simultaneous lab polysomnography (PSG) and 9 times channels of data for detailed analysis.
 

High diagnostic accuracy of type 4 home sleep apnea testing devices will propel the product demand and acceptance rate

The type 4 home sleep apnea testing devices market is predicted to attain a CAGR of 14.5% through 2025. Obstructive sleep apnea (OSA) is known to be the most common type of sleep-related breathing disorder. As per the recent research study, type 4 devices provide potentially broader access to sleep apnea diagnosis and treatment as compared to other home sleep apnea screening devices. The type 4 devices are mainly used for single or dual bio parameter recording that includes minimum of one parameter.
 

Germany dominated the European region owing to growing prevalence of sleep apnea disorders

Germany dominated the Europe home sleep apnea testing devices market with a total revenue of around USD 15 million in 2018. As per the recent statistics, more than 175 million Europeans suffer from sleep apnea disorder each year. Germany ranks second in Europe just behind Russia in terms of highest obstructive sleep apnea prevalence. According to the European Respiratory Society (ERS), currently around 26 million people suffer from  obstructive sleep apnea in Germany. Also, as per the German Sleep Society, there are more than 300 sleep centers in Germany.
 

Growing strategic initiatives such as merger and acquisitions, new product launches and collaborations by key market players will foster the industry demand

Prominent companies operating in the home sleep apnea testing devices market include Cadwell Laboratories, CleveMed, Itamar Medical, ResMed and Phillips Respironics. The key market leaders emphasize on several strategic initiatives such as mergers, acquisitions, and new product launches in order to enhance and expand their product portfolio along with increase in geographical expansion presence.
 

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