Sleep Testing Services Market Share Analysis, Trends, Growth Rate, Drivers And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Sleep Testing Services Global Market Report 2023 identifies Increase in the number of patients suffering from sleep disorders as the major driver for the sleep testing services market's growth in the forecast period. Sleep disorders, also known as sleep-wake disorders, refer to difficulties with the type, quantity, and timing of sleep such as obstructive sleep apnea, parasomnias, narcolepsy, and restless leg syndrome that frequently co-occur with physical ailments or other mental health issues like anxiety, depression, or cognitive disorders. Sleep testing services are used to treat people suffering from obstructive sleep apnea by sharing patient information for the improvement of disease management and recommending a number of treatment approaches for patients.

The global sleep testing services market is expected to grow from $6.52 billion in 2022 to $7.06 billion in 2023 at a compound annual growth rate (CAGR) of 8.29%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sleep testing services market is expected to reach $9.87 billion in 2027 at a CAGR of 8.75%.

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Major competitors in the sleep testing services market are ResMed Inc., Invacare Corporation, Natus Medical Incorporated, Marshall Medical Center, SleepMed Incorporated, Medical Service Company.

A key trend in the sleep testing services market includes technological advancement. Major companies operating in the sleep testing services market engage in developing new and improved products as well as adding new features to their products to sustain their position in the market. For instance, in May 2023, Acurable, a UK-based wearable medical device company, launched AcuPebble SA100, its AcuPebble device for the diagnosis of obstructive sleep aponea (OSA) in the US. This device aims to enhance the problematic home sleep aponea testing procedure, allowing for earlier detection, quicker treatment, and improved management of this chronic condition.

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The sleep testing services market is segmented -
1) By Diagnostic Type: Home Sleep Testing, In-Lab Sleep Testing

2) By Application: Obstructive Sleep Apnea, Insomnia, Rapid Eye Movement (REM) Sleep Disorder, Restless Legs Syndrome, Narcolepsy, Circadian Rhythm Sleeping Disorders

3) By End-User: Sleep Centers, Hospitals, Home Care Settings

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the sleep testing services market.

The Business Research Company's "Global Sleep Testing Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Sleep Testing Services Market Include:
1. Executive Summary
2. Sleep Testing Services Market Characteristics
3. Sleep Testing Services Market Trends And Strategies
4. Sleep Testing Services Market - Macro Economic Scenario
……
32. Global Sleep Testing Services Market Competitive Benchmarking
33. Global Sleep Testing Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sleep Testing Services Market
35. Sleep Testing Services Market Future Outlook and Potential Analysis
36. Appendix

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