Press release
Strong Growth Ahead: Actigraphy Devices Market Size To Grow At Arecord 8.8% Cagr By 2029
Actigraphy Devices
How Big Is the Actigraphy Devices Market Size Expected to Be by 2034?
The market size for actigraphy devices has seen robust expansion in the recent past. The market, standing at $2.39 billion in 2024, is expected to shoot up to $2.61 billion by 2025 with a compound annual growth rate (CAGR) of 9.1%. This exceptional growth in the historic period is a result of government efforts to boost health care innovation, a surge in funding for sleep and movement disorder studies, an expanding elderly population, the growing demand for tailored health care solutions, and heightened interest in long-term health data surveillance.
In the upcoming years, the actigraphy devices market is predicted to experience robust growth, reaching a value of $5.81 billion in 2029 with a compound annual growth rate (CAGR) of 8.8%. This anticipated growth during the forecast period can be credited to a growing number of sleep disorders, increasing awareness of sleep health, a rising trend of chronic diseases needing monitoring, broader clinical research on sleep and movement disorders, and the advent of telemedicine and remote patient supervision. The forecast period is set to witness major trends such as the demand for non-invasive monitoring instruments, technological innovation in wearable devices, the amalgamation of actigraphy with mobile health apps, advanced functionalities of actigraphy devices in monitoring sleep patterns, and integration with electronic health records.
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What Are the Emerging Segments Within the Actigraphy Devices Market?
The actigraphy devices market covered in this report is segmented -
1) By Product: Wearable Actigraphy Devices, Handheld Actigraphy Devices
2) By Distribution Channel: Online, Brick And Mortar
3) By Application: Sleep Disorders Monitoring, Circadian Rhythm Disorder Monitoring, Insomnia And Restless Leg Syndrome Diagnosis, Other Applications
4) By End Use: HealTH*Care Providers, Research Institutions, Homecare Settings, Fitness And Sports Centers
Subsegments:
1) By Wearable Actigraphy Devices: Wrist-Worn Devices, Ankle-Worn Devices, Waist-Worn Devices, Clip-On Devices, Headband-Style Devices
2) By Handheld Actigraphy Devices: Portable Monitors, Sleep Analyzers, Multi-Parameter Trackers, Clinical Diagnostic Tools, Pediatric Handheld Units
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What Long-Term Drivers Are Shaping Actigraphy Devices Market Trends?
The actigraphy devices market is poised for expansion due to the escalating incidence of sleep conditions. Such disorders not only interrupt the quality, timing, and length of sleep but also negatively impact overall wellness and daily functioning. The rise in screen time, which inhibits the body's natural sleep-wake cycle by diminishing melatonin production due to extensive exposure to blue light, is significantly contributing to the proliferation of sleep disorders. Actigraphy devices are essential in managing these disorders. Through their ability to monitor sleep-wake patterns continuously and non-invasively over prolonged periods, these devices facilitate accurate assessment and treatment plan formulation. This necessity is illustrated by a November 2023 report from the UK's National Health Service that showed 37.8% of children aged between 8 and 16 experienced sleep disturbances at least thrice in the preceding week. Additionally, sleep problems impacted 76.5% of individuals likely suffering from mental disorders and 25.0% of those without such conditions. Consequently, the surge in sleep disorders prevalence will propel the actigraphy devices market.
Who Are the Top Competitors in Key Actigraphy Devices Market Segments?
Major companies operating in the actigraphy devices market are Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Nokia Corporation, Koninklijke Philips NV., Garmin Ltd., ResMed Inc., Nox Health, VIVISOL SRL, Compumedics Limited, Empatica Inc., ARCHIMED, Cidelec, Cleveland Medical Devices Inc., Advanced Brain Monitoring Inc., CAMNTECH LIMITED, ActivInsights Ltd, Mini Mitter Co., ActivInsights Ltd., Condor Instruments
What Actigraphy Devices Market Trends Are Gaining Traction Across Different Segments?
Leading corporations in the actigraphy devices sector are striving to create products with cutting-edge technology, including multisensor wearable devices, to facilitate ongoing, hands-free monitoring. Multisensor wearable apparatus are sophisticated tools outfitted with numerous integrated sensors designed to concurrently track a range of physiological and environmental features such as movement, heart rate, temperature, and sleep cycles. An example of this is when ActiGraph LLC, a U.S.-based digital health business, introduced the ActiGraph LEAP, a multisensor wearable device, in November 2023. The ActiGraph LEAP is outfitted with a wide array of sensors, offering consistent digital surveillance of physical action, sleep, mobility, and vital signs, all within a single apparatus. Conceived to satisfy the changing requirements of treatment effectiveness demonstrations, it ushers in a new era for patient-oriented digital measurement accumulation. The gadget's six built-in sensors record over 25 unique digital health metrics, including heart rate, oxygen presence, blood pressure, and skin warmth, as well as activity, sleep, and walking data. The data is fluidly transferred to the CentrePoint platform and processed through sophisticated, verified algorithms to yield precise insights.
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Which Regions Are Becoming Hubs for Actigraphy Devices Market Innovation?
North America was the largest region in the actigraphy devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the actigraphy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Actigraphy Devices Market?
2. What is the CAGR expected in the Actigraphy Devices Market?
3. What Are the Key Innovations Transforming the Actigraphy Devices Industry?
4. Which Region Is Leading the Actigraphy Devices Market?
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