Sleep Study Equipment Market Report, Size, Share, Growth, Trends, Industry Forecast to 2033

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The new report published by The Business Research Company, titled Sleep Study Equipment 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 study equipment market size has grown strongly in recent years. It will grow from $4.46 billion in 2023 to $4.78 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The sleep study equipment market size is expected to see strong growth in the next few years. It will grow to $6.36 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.

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What Is Driving The Growth Of The Global Sleep Study Equipment Market?

Growing Prevalence Of Sleep Disorders Driving Expansion In The Sleep Study Equipment Market
The high prevalence of sleep disorders is expected to propel the growth of the sleep study equipment market going forward. Sleep disorders refer to conditions that disrupt the ability to sleep well regularly, affecting the quantity, quality, or timing of sleep and potentially leading to excessive daytime sleepiness. The rise in sleep disorders is largely due to socioeconomic stress, shifts in lifestyle, and an aging population. Sleep study equipment helps diagnose and manage sleep disorders by monitoring sleep patterns and physiological data to identify issues and tailor treatments. For instance, in May 2023, according to a survey conducted by SleepFoundation.org, a US-based non-profit organization dedicated to sleep health information and comprehensive product testing, between 50 million and 70 million people experienced persistent sleep disorders, with a rise attributed to post-traumatic stress disorder (PTSD). Additionally, 70% of adults are affected by seasonal affective disorder (SAD). Therefore, the high prevalence of sleep disorders is driving the growth of the sleep study equipment market.

What Is The Key Trend In The Global Sleep Study Equipment Market?

Advancements In Sleep Study Equipment Enhance Diagnostic Accuracy And Patient Outcomes
Major companies operating in the sleep study equipment market are focused on developing advanced solutions, such as the AI-enabled sleep scoring platform, to enhance diagnostic accuracy, optimize treatment plans, and improve patient outcomes. Integrating artificial intelligence (AI) into sleep study equipment involves embedding advanced AI technologies into devices and systems used for monitoring and analyzing sleep patterns. For instance, in August 2023, Neurobit Inc., a US-based health analytics company, launched Neurobit PSG, an AI-powered sleep scoring platform designed to transform sleep analysis for healthcare providers, researchers, sleep labs, and enterprises. The software delivers precise and efficient sleep scoring through advanced AI algorithms, assisting researchers and healthcare professionals in optimizing their workflows. It also securely stores patient sleep data within the sleep lab's internal system, ensuring high levels of data protection.

How Is The Global Sleep Study Equipment Market Segmented?
The sleep study equipment market covered in this report is segmented -

1) By Type: Sleep Monitors, Masks And Interfaces, Sensors And Accessories, Smart Beds And Pillows, Other Types
2) By Application: Online Sales, Offline Sales
3) By End User: Hospitals, Sleep Centers, Home Care Settings, Other End Users

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How Is The Competitive Landscape Of The Global Sleep Study Equipment Market?
Major companies operating in the sleep study equipment market are Apple Inc., Samsung Electronics Co. Ltd., Xiaomi Corporation, Becton Dickinson and Company, Koninklijke Philips N.V., ResMed Inc., Nihon Kohden Corporation, Fitbit Inc., Fisher & Paykel Healthcare Limited, Loewenstein Medical Inc., DeVilbiss Healthcare LLC, Natus Medical Incorporated, SleepMed Inc., Nox Health Group, Compumedics Limited, NovaSom Inc., Oventus Medical Limited, Responsive Surface Technology Inc., Braebon Medical Corporation, Apex Medical Inc.

Contents Of The Global Sleep Study Equipment Market
1. Executive Summary
2. Sleep Study Equipment Market Report Structure
3. Sleep Study Equipment Market Trends And Strategies
4. Sleep Study Equipment Market - Macro Economic Scenario
5. Sleep Study Equipment Market Size And Growth
…..
27. Sleep Study Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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