Actigraphy Sensors and PSG Devices Market Analysis: Growth Drivers and Competitive Landscape Forecast to 2024-2031 | Neurocare Group, Cadwell Laboratories Inc., SOMNOmedics GmbH, ActiGraph LLC, Nox Medical, BMC, Cidelec, Compumedics

Actigraphy Sensors and PSG Devices Market reached US$ 1.35 billion in 2023 and is expected to reach US$ 2.03 billion by 2031, growing at a CAGR of 5.30% during the forecast period 2024-2031.

The Actigraphy Sensors and PSG Devices Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including their innovative product offerings, competitive pricing strategies, financial performance metrics, strategic growth plans, and regional market penetration efforts.

Get exclusive insights - Request your sample report now @ https://datamintelligence.com/download-sample/actigraphy-sensors-and-psg-devices-market?sg

Actigraphy sensors are compact, non-invasive devices designed to monitor an individual's sleep-wake cycles. Commonly used in home and non-clinical environments, these devices are instrumental in assessing sleep patterns and are particularly useful for identifying disorders such as insomnia, circadian rhythm sleep-wake disturbances, sleep apnea, and insufficient sleep syndrome.

In contrast, polysomnography (PSG) devices are typically utilized in clinical settings and provide a more in-depth analysis of sleep. These systems track various physiological parameters, including sleep stages, breathing activity, and heart rate, making them essential for the accurate diagnosis and management of complex sleep disorders.

Market Driver

Increasing Prevalence of Sleep Disorders Drives Demand for Diagnostic Devices

The growing incidence of sleep-related conditions-such as insomnia, sleep apnea, and restless legs syndrome-is significantly contributing to the expansion of the actigraphy sensors and polysomnography (PSG) devices market. As public awareness of sleep disorders and their impact on physical and mental health continues to rise, so does the need for reliable diagnostic technologies that can monitor and evaluate sleep patterns accurately.

According to the American Psychiatric Association, approximately one-third of adults experience symptoms of insomnia, with 10% to 15% reporting daytime functional impairment. Between 4% and 22% meet the diagnostic criteria for insomnia disorder, and nearly half of these individuals also suffer from a coexisting mental health condition. These statistics underscore the critical need for early diagnosis and continuous monitoring further driving demand for sleep assessment tools like actigraphy and PSG devices.

Market Players in the Actigraphy Sensors and PSG Devices market

The prominent players in Actigraphy Sensors and PSG Devices market research report are: Koninklijke Philips N.V., Neurocare Group, Cadwell Laboratories Inc., SOMNOmedics GmbH, ActiGraph LLC, Advanced Brain Monitoring Inc., Nox Medical, BMC, Cidelec, Compumedics.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Speak to Our Senior Analyst and Get Customization in the report as per your requirements @ https://datamintelligence.com/customize/actigraphy-sensors-and-psg-devices-market?sg

Actigraphy Sensors and PSG Devices Market Key Development

In April 2022, Onera Health received the US Food and Drug Administration clearance for their non-invasive patch-based clinical-grade compact medical device for polysomnography, Onera STSI, designed to diagnose sleep disorders in patients in hospitals, sleep laboratories, or home settings.

In March 2020, Nox Medical officially launched its innovative polysomnographic system, the Nox A1, in the U.S. and Canada. The Nox A1 is a powerful, ambulatory PSG device that combines thoughtful design with clinical accuracy, allowing sleep labs to maximize their investment with multiple functions in one single device.

Actigraphy Sensors and PSG Devices Market Segments

By Product Type (Actigraphy Sensors, Polysomnography Devices)

By Application (Sleep Monitoring, Fitness Monitoring, Disease Monitoring, Clinical Research, Others)

By Configuration (Wristband, Neck and head bands, Sensor Caps, Others)

By End-User (Hospitals and Clinics, Homecare, Others)

By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa)

Stay informed with the latest industry insights-start your subscription now: https://www.datamintelligence.com/reports-subscription?sg

The Actigraphy Sensors and PSG Devices industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Research Methodology

Our analytical framework employs cutting-edge statistical modeling and data mining techniques to identify emerging patterns, forecast market trajectories, and decode complex industry dynamics. We enhance our findings through sophisticated market segmentation analysis and Porter's Five Forces evaluation, providing a 360-degree view of the competitive landscape. This multi-layered methodology ensures our delivered insights are not only data-driven and credible but also strategically relevant and immediately actionable for critical business decisions.

Regions Covered:

The global Actigraphy Sensors and PSG Devices Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.