Global Sleep Tech Devices & Diagnostic Tools Market Size & Share, Analysis, Growth, Trends and Forecast 2017 - 2025

The report "Sleep Tech Devices & Diagnostic Tools Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025", has been prepared based on an in-depth market analysis with inputs from industry experts.

​The main objective of this report is to define, describe, and forecast the global “Sleep Tech Devices & Diagnostic Tools” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Sleep tech devices & diagnostic tools are used to assist users or patients in understanding individual sleep patterns. The devices or tools measure the performance of the sleep during the day or treat sleep problems such as sleep disorders. There is an alarming rise in the incidence of insomnia, sleep apnea, and other sleep disorder cases, especially in Asia Pacific; and the prevalence of sleep apnea diseases is higher in Western countries, including the U.S., the U.K., Germany, France, and Russia. Sleep tech devices & diagnostic tools include monitoring devices, wearables, trackers, and other aids which help patients who are suffering from different types of sleep disorders. There has been a marked increase in the number of patients admitted to hospitals and sleep laboratories as inpatients and outpatients, suffering from sleep disorders. Further, there has been a shift toward the usage of home sleep test devices as sleep study tools have increased due to device portable structure, which easily measure the biological parameters responsible for sleep disorders.

Major factors driving the growth of the global sleep tech devices & diagnostic tools market are continuous rise of wearable devices, increasing mergers and acquisitions among medical device companies, and new changes to regulatory requirements. In 2015 and early 2016, more than 150 major medical device companies were involved in acquisitions and mergers. Other factors that are anticipated to drive the global market growth include growing number of domestic and global players entering the market with new products, which has substantially resulted in decreased prices of wearable devices, along with increasing hospital consolidation. However, factors such as new and tough regulatory requirements for medical devices and strict consolidation approval process criteria are projected to restrain the market growth during the forecast period.
The global sleep tech devices & diagnostic tools market is segmented on the basis of product type, end-user, and region. In terms of product type, the market is segmented into sleep monitoring devices, sleep wearables, sleep trackers, sleep gadgets, and digital application tools. In terms of end-user, the global market has been categorized into home care settings, hospitals, and sleep laboratories. The home care settings segment accounted for a significant share of the market in 2016 due to increasing number of diagnostic procedures for obstructive sleep apnea and introduction of cost-effective and portable devices for sleep apnea. Rise in geriatric population is projected to increase the incidence of sleep disorders, especially in emerging economies such as China, Brazil, and India. This is likely to propel the growth of the market in these countries.

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Geographically, the global market for sleep tech devices & diagnostic tools is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period. According to an article published in 2017 from the American Sleep Apnea Association, it is estimated that 22 million people in the U.S. suffer from sleep apnea, and 80% of the cases of moderate and severe obstructive sleep apnea are undiagnosed. Furthermore, growing prevalence of obesity and rising geriatric population, especially in developed and other developing countries such as Australia, China, and India respectively, have led to increasing prevalence of obstructive sleep apnea. Stanford Medicine states that more than 100 different types of sleep disorder range from difficulty sleeping at night to excessive daytime sleepiness. As per the Anxiety and Depression Association of America and the National Institutes of Health, more than 40 million people in the U.S. suffer from chronic, long-term sleep disorders. The incidence of anxiety disorder, chronic insomnia, and other sleep disorders is rising in Asia Pacific due to increase in physical, mental, and emotional functioning of the brain, which is also known as stress or anxiety. This, in turn, is anticipated to fuel the demand for wearable sleep tech devices or diagnostic tools. Hence, these factors are projected to drive the market growth in Asia Pacific during the forecast period.

Key players operating in the global sleep tech devices & diagnostic tools market include Compumedics Limited, Nihon Kohden Corporation, Masimo Corporation, Autonomic Technologies (ATI), Baxter Healthcare Corporation, Bionano Genomics, Inovio Pharmaceuticals, Inc., Infraredx, Inc., and Neovasc Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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