Sleep Studies Market Comprehensive Assessment, Insights, Facts, historical data and Statistics

Over the forecast period, the global sleep studies market is expected to grow at a 12.8% CAGR, reaching US$ 18.9 Bn by 2032. According to Future Market Insights, in-lab testing services will account for 61.9% of the total market in 2021. The increasing prevalence of obstructive sleep apnea is a major factor driving the demand for sleep studies.

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Sleep studies are typically conducted in a lab or clinic, but they can also be conducted at home. Narcolepsy, unexplained chronic insomnia, REM sleep behaviour disorder, sleep apnea, and other sleep disorders are all diagnosed using sleep studies.

The use of proven techniques such as brain wave activity, leg movement monitoring, and breathing monitoring is increasing global demand for a proper scientific diagnosis for an individual's sleep disorder.

According to the American Academy of Sleep Medicine (AASM), over 2500 sleep centres are accredited in the United States. This alone indicates an increase in population demand.

With the introduction of new innovative technologies such as portable devices, smartphone applications, and telehealth, sales will skyrocket. The growth of telemedicine may help to alleviate the shortage of sleep specialists.

Several diseases, including obstructive sleep apnea, have data-driven diagnostic and treatment algorithms that allow for effective clinical decision making even in the absence of a physical examination. Sleep physicians, unlike many other specialists, rely less on specific physical examination findings. Telemedicine has the potential to eliminate some of the traditional barriers associated with other medical devices.

"Over the forecast period, the sleep studies market will be driven by increasing adoption of sleep testing devices and the rising prevalence of sleep-related disorders," says an FMI analyst.

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Key Takeaways:
· In-lab testing sales are expected to grow at a CAGR of 11.9% during the forecast period, according to testing services.

Obstructive sleep apnea (OSA) will account for 41.9% of the total market share in 2021.
In 2021, the sleep testing centres segment dominated the market with a 57.7% share.

Over the assessment period, the market for sleep studies in the United States will grow at a 9.7% CAGR.

The German sleep studies market will expand at a 9.3% CAGR through 2032.
China will dominate the East Asia sleep studies market, with sales increasing at a 15.5% CAGR during the forecast period.

Competition Landscape
Leading players operating in the global sleep studies market are focusing on the launch of new products and services to cater to the growing demand. Key players are also aiming to expand their global presence by opening new service centres to deliver specialized care. For instance:
· In August 2021, ResMed launched the AirSense 11 PAP series, which is a digital health device used in sleep apnea treatment.

· In January 2020, Sleep Dynamics Company expanded its service offering for narcolepsy treatment.

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Key Market Segments Covered In Sleep Studies Market Research
By Testing Services:
• Home Sleep Testing
• In-Lab Testing
o Polysomnography (PSG) Testing
o CPAP/ BiPAP Titration
o Split Night Polysomnography
o Multiple Sleep Latency Test (MSLT)
o Maintenance of Wakefulness Test (MWT)
o Epilepsy Monitoring

By Indication:
• Obstructive Sleep Apnoea
• Insomnia
• Restless Leg Syndrome
• Circadian Rhythm Sleeping Disorders
• Narcolepsy
• Rapid eye movement (REM) Sleep Disorders
• Periodic Limb Movement Disorders
• Bruxism
By End User:
• Hospital Settings
• Sleep Testing Centres
• Home Care Settings

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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This release was published on openPR.