Sleep Testing Services Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

The new report published by The Business Research Company, titled Sleep Testing Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the sleep testing services market size has grown strongly in recent years. It will grow from $7.06 billion in 2023 to $7.67 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The sleep testing services market size is expected to see strong growth in the next few years. It will grow to $10.85 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.

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Increase In The Number Of Patients Suffering From Sleep Disorders Drives The Growth Of The Sleep Testing Services Market
Increase in the number of patients suffering from sleep disorders is expected to boost the growth of the sleep testing services market going forward. 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. For instance, in May 2023, according to SleepFoundation.org, a US-based non-profit charitable organization providing sleep health information and in-depth product testing, 50 million to 70 million people are suffering from ongoing sleep disorders, which have increased due to post-traumatic stress disorder (PTSD), while 70% of adults suffer from seasonal affective disorder (SAD). Insomnia that interferes with daily activities affects 9% to 15% of the adult US population. Therefore, the increase in the number of patients suffering from sleep disorders is driving the growth of the sleep testing services market.

Product Innovations Shaping The Sleep Testing Services Market
New product innovation is a key trend gaining popularity in the sleep testing services market. 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.

The sleep testing services market covered in this report 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

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Major companies operating in the sleep testing services market report are ResMed Inc., Invacare Corporation, Natus Medical Incorporated, Marshall Medical Center, SleepMed Incorporated, Medical Service Company, CareCentrix Inc, Medbridge Healthcare LLC, Sleep Services Australia, Midwest Sleep Services Inc., Koala Centers For Sleep & TMJ Disorders, Sleep Dynamics, Advara HeartCare, St. Luke's Sleep Medicine and Research Center, SOVA Sleep Services Inc., Total Sleep Solutions (Opc) Private Limited (TSSPL), Atrium Health Group LLC, HomeSleep LLC, SleepWorks LLC, Respitech HealthCare, Healthy Sleep Solutions, Sleep Data Holdings LLC, Sleep Solutions Inc, ApneaMed, BetterNight, UAB Medicine Sleep/Wake Disorders Center, Sleepwell Diagnostics, Snore Australia Pty Ltd.

Contents of the report:
1. Executive Summary
2. Sleep Testing Services Market Report Structure
3. Sleep Testing Services Market Trends And Strategies
4. Sleep Testing Services Market - Macro Economic Scenario
5. Sleep Testing Services Market Size And Growth
…..
27. Sleep Testing Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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