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Key Factor Supporting Sleep Study Equipment Market Development in 2025: Growing Prevalence Of Sleep Disorders Driving Expansion In The Sleep Study Equipment Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Sleep Study Equipment Market Size By 2025?
The market size for sleep study equipment has seen vigorous expansion in the past few years. The market is projected to rise from $4.78 billion in 2024 to $5.14 billion in 2025, sporting a compound annual growth rate (CAGR) of 7.5%. The surge during the historical time frame can be credited to factors such as an upswing in the elderly population, increased obesity rates, the prominence of home healthcare, the expansion of e-commerce, and escalating stress levels.
How Big Is the Sleep Study Equipment Market Size Expected to Grow by 2029?
It is anticipated that the market size of sleep study equipment will experience substantial growth in the upcoming years, expanding to $6.82 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%. The predicted growth during the forecast period can be credited to factors such as the rise in sleep research investment, the spread of telehealth services, the ongoing advancement of wearable sleep technology, attention towards mental health, and global health drives. The primary trends during this forecast period are expected to be the emergence of new startups, creation of non-invasive equipment, extended insurance coverage, establishment of partnerships and collaborations, and the implementation of Artificial Intelligence.
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Which Key Market Drivers Powering Sleep Study Equipment Market Expansion and Growth?
The growing incidence of sleep disorders is anticipated to boost the expansion of the sleep study equipment market. Sleep disorders are conditions that interrupt regular sleep patterns, impacting sleep duration, quality, or rhythm, and potentially causing excessive sleepiness during the day. This surge in sleep disorders is mainly attributable to socioeconomic stress, changes in lifestyle, and a maturing population. Sleep study equipment is used to diagnose and treat sleep disorders by tracking sleep behaviours and physiological data to pinpoint problems and customise treatments. For example, a survey by SleepFoundation.org, a US-based non-profit organisation focused on sleep health information and thorough product testing, in May 2023, reported that between 50 million and 70 million individuals suffered from chronic sleep disorders, a surge linked to post-traumatic stress disorder (PTSD). Additionally, 70% of adults are afflicted by seasonal affective disorder (SAD). As a result, the widespread prevalence of sleep disorders is propelling the sleep study equipment market's expansion.
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Which Fast-Growing Trends Are Poised to Disrupt the Sleep Study Equipment Market?
Key players within the sleep study equipment market are concentrating their efforts on creating sophisticated solutions, such as AI-based sleep scoring systems, with the aim of improving diagnostic precision, refining treatment schedules, and enhancing patient outcomes. The integration of Artificial Intelligence (AI) into sleep study apparatus signifies the incorporation of state-of-the-art AI technologies into devices and systems for monitoring and assessing sleep habits. For instance, in August 2023, Neurobit Inc., a health analytics organization based in the U.S., introduced Neurobit PSG, a sleep scoring platform powered by AI, created to revolutionize sleep analysis for healthcare practitioners, researchers, sleep labs, and businesses. The platform offers accurate and efficient sleep scoring through sophisticated AI algorithms, aiding researchers and healthcare specialists in streamlining their workflows. In addition, it safely archives patient sleep data within the sleep lab's in-house system, thereby ensuring robust data security.
What Are the Emerging Segments in the Sleep Study Equipment Market?
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
Subsegments:
1) By Sleep Monitors: Polysomnography (PSG) Devices, Home Sleep Testing (HST) Devices, Oximeters, Wearable Sleep Monitors, Sleep Tracking Apps
2) By Masks And Interfaces: CPAP Masks (Continuous Positive Airway Pressure), BiPAP Masks (Bilevel Positive Airway Pressure), Nasal Cannulas, Full Face Masks, Nasal Pillow Masks, Hybrid Masks
3) By Sensors And Accessories: EEG Sensors (Electroencephalogram), EKG Sensors (Electrocardiogram), Pulse Oximeters, Respiratory Sensors, Temperature Sensors, Motion Sensors, Electrodes And Leads
4) By Smart Beds And Pillows: Smart Mattresses, Smart Pillows, Adjustable Beds, Anti-Snore Pillows, Sleep Positioning Devices
5) By Other Types: Sleep Therapy Devices, Light Therapy Systems, Sound Machines, Aromatherapy Devices, Air Purifiers For Sleep, Sleep Apps And Software Solutions
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Who Are the Global Leaders in the 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.
Which are the Top Profitable Regional Markets for the Sleep Study Equipment Industry?
North America was the largest region in the sleep study equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sleep study equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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