Steady Expansion Forecast for Sleep Studies Market, Projected to Reach $8.83 Billion by 2029

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Sleep Studies Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for sleep studies has seen robust growth in the past few years. The market will expand from $5.92 billion in 2024 to $6.42 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.5%. The escalation during the historic period can be ascribed to the increasing occurrence of insomnia and sleep apnea, expanding healthcare spending, growth in diagnostic centers, increasing embracement of portable and wearable devices, and the surge in wearable sleep monitoring devices' popularity.

Sleep Studies Market Size Forecast: What's the Projected Valuation by 2029?
The market size for sleep studies is predicted to experience vigorous expansion in the upcoming years, potentially increasing to $8.83 billion in 2029 with an 8.3% compound annual growth rate (CAGR). This expected growth in the predicted phase could be due to the escalating adoption of wearable sleep monitoring gadgets, the rise in the incorporation of AI for customized treatment, the surge in the creation of telemedicine for sleep studies, the innovation in non-invasive diagnostic instruments, and the growing demand for home-based sleep testing. The major trends likely to influence the forecast period encompass advancements in wearable sleep monitoring tools, refined AI amalgamation for sleep data scrutiny, the creation of home-based sleep study advancements, innovation in non-invasive sleep disorder diagnosis, and progression in cloud-based sleep data administration.

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What Are the Drivers Transforming the Sleep Studies Market?
The growth of the sleep studies market is anticipated to be fuelled by the increasing occurrence of sleep disorders. These medical conditions disrupt a person's usual sleep cycle, making it challenging for them to fall asleep, stay asleep, or get restful sleep. The spike in sleep disorders is mainly due to heightened screen time, which negatively affects the body's natural sleep-wake cycle by reducing melatonin production. Sleep studies are instrumental in detecting sleep disorders as they monitor brain activity, breathing, and body movements, delivering crucial information for suitable treatment and management. For example, The Sleep Charity, a UK-based charity organization, estimated in 2024 that around 2.5 million people in the UK are afflicted by obstructive sleep apnea hypopnea syndrome (OSAHS), and 37% of adults suffer from insomnia. Consequently, the escalating prevalence of sleep disorders is pushing the growth of the sleep studies market.

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What Long-Term Trends Will Define the Future of the Sleep Studies Market?
Key businesses in the sleep studies market are prioritizing the creation of novel solutions, including sleep diagnostics tools for improved accuracy, efficiency, and patient convenience in the diagnosis of sleep disorders. These sleep diagnostics solutions assist in tracking and analyzing sleep behavior to identify conditions like sleep apnea and insomnia. An example is Onera Health Inc., a Dutch medical tech company known for its remote sleep diagnostics and monitoring platforms, which launched its Polysomnography-as-a-Service (PSG-as-a-Service) solution in Europe in September 2022. It aims to revolutionize sleep diagnostics by facilitating clinical-grade sleep studies at home. The Onera Sleep Test System (STS) leverages a patch-based, wireless sensor system which the patients can install themselves at home, thus avoiding the traditional discomfort of wires and lab setups. They record comprehensive polysomnography information such as electroencephalogram (EEG), electromyogram (EMG), electrooculogram (EOG), electrocardiogram (ECG), breathing patterns, and body movements, providing threshold clinical diagnostics outside regular sleep labs. This information is effortlessly transmitted to the Onera Digital Health Platform, enabling medical practitioners to analyze the results remotely and swiftly.

Which Segments in the Sleep Studies Market Offer the Most Profit Potential?
The sleep studies market covered in this report is segmented -

1) By Device Type: Polysomnography (PSG) Machines, Electroencephalography (EEG), Electrocardiography (EKG or ECG), Electromyogram (EMG), Respiratory Inductive Plethysmography (RIP) Belt, Breathing Sensors, Video And Audio Monitoring
2) By Testing: Home Sleep Testing, In-Lab Testing
3) By Indication: Obstructive Sleep Apnea, Insomnia, Restless Leg Syndrome, Circadian Rhythm Sleeping Disorders, Narcolepsy, Rapid Eye Movement (REM) Sleeping Disorders, Periodic Limb Movement Disorders, Bruxism, Other Indications
4) By End-user: Hospitals, Clinics And Ambulatory Surgical Centers (ASCs), Sleep Testing Centres, Home Care Settings, Diagnostic Laboratories, Other End-users

Subsegments:
1) By Polysomnography (PSG) Machines: Type I PSG Systems, Type II PSG Systems, Type III PSG Systems, Type IV PSG Systems
2) By Electroencephalography (EEG): Scalp EEG Devices, Ambulatory EEG Devices, Wireless EEG Devices, Dry Electrode EEG Systems
3) By Electrocardiography (EKG Or ECG): Resting ECG Machines, Holter Monitors (Ambulatory ECG), Event Monitors, Mobile Or Portable ECG Devices, Wireless ECG Systems
4) By Electromyogram (EMG): Needle EMG, Surface EMG, Wireless EMG Systems
5) By Respiratory Inductive Plethysmography (RIP) Belt: Elastic RIP Belts, Non-elastic RIP Belts, Wireless RIP Belts
6) By Breathing Sensors: Nasal Pressure Sensors, Thermistors Or Thermocouples, Capnography Sensors, Flow Sensors
7) By Video and Audio Monitoring: Infrared Video Monitoring, Standard Video Monitoring, Audio Recording Devices, Combined Audio-Video Monitoring Systems

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Which Firms Dominate the Sleep Studies Market by Market Share and Revenue in 2025?
Major companies operating in the sleep studies market are Medtronic plc, Koninklijke Philips N.V., Itamar Medical Ltd., MedStar Health Inc., ResMed Inc., Cadwell Industries Inc., Circle Health Group, Singular Sleep LLC, SleepMed Inc., Medtronic plc, BMC Medical Co. Ltd., BioSerenity Inc., Snap Diagnostics Inc., DeVilbiss Healthcare LLC, Medical Service Company, Omni Sleep Health, Millennium Sleep Lab, Midwest Sleep Services Inc., SOVA Health, Nihon Kohden Corporation

Which Regions Offer the Highest Growth Potential in the Sleep Studies Market?
North America was the largest region in the sleep studies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sleep studies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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