Ambulatory Polysomnography Systems Market Analysis

Ambulatory Polysomnography Systems Market Analysis

The market is experiencing several notable trends that are shaping its growth and development. Some key trends include growing preference towards home-based sleep testing using ambulatory PSG systems, increasing wearable sleep monitoring devices, including smartwatches and fitness trackers, and rise in the use of artificial intelligence (AI) and data analytics in sleep medicine.

• Advancements in technology have resulted in the development of more user-friendly, portable, and accurate ambulatory PSG devices. These advancements enhance patient compliance as well as the accuracy of sleep data acquired during tests.
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• Moreover, the integration of ambulatory PSG systems with telemedicine platforms has become more prevalent. Healthcare providers can remotely monitor patients' sleep data, offer consultations, and adjust treatment plans as needed. This trend enhances accessibility to sleep medicine services.

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The ambulatory polysomnography systems market by product is categorized into up to 12 channels, up to 24 channel, up to 32 channel, and above 32 channel. The up to 12 channel segment garnered USD 173 million revenue size in the year 2022. The dominance of the segment is driven by the need for detailed sleep data for accurate diagnosis, personalized treatment plans, and research purposes.

• Ambulatory PSG systems with up to 12 channels offer a wider variety of physiological data than systems with fewer channels. Data such as electroencephalogram (EEG), electrooculogram (EOG), electromyogram (EMG), electrocardiogram (ECG), airflow, respiratory effort, oxygen saturation, and leg movements can be recorded by these devices. This extensive data gathering allows healthcare providers to gain full and accurate evaluation of a patient's sleep.
   
• Furthermore, increased awareness of sleep disorders and their influence on overall wellness has led to a rise in demand for complete sleep tests. The value of precise and complete sleep evaluations is recognized by both patients and medical professionals, which has fueled the growth of up to 12 channel PSG systems segment.

Based on application, the ambulatory polysomnography systems market is segmented into obstructive sleep apnea, chronic insomnia, narcolepsy, and others. The obstructive sleep apnea segment accounted for over 52.3% business share in 2022 and is anticipated to witness robust growth during the forecast period.

• There has been a tremendous growth in the general public's and medical professionals' awareness of sleep apnea. More people are seeking diagnosis and treatment as their understanding of the ailment increases. This trend encourages the market growth owing to an efficient method of diagnosing obstructive sleep apnea.
  
   
• Moreover, obstructive sleep apnea is more common among older adults due to factors such as muscle tone changes and weight gain. With the aging global population, there is an increasing pool of individuals at risk for OSA, leading to an increased demand for diagnostic tools like ambulatory PSG.

   

The ambulatory polysomnography systems market by end-use is categorized into hospitals, sleep laboratories, and home care settings. The sleep laboratories segment garnered USD 223 million revenue size in 2022.
 

• The prevalence of sleep-related disorders such as obstructive sleep apnea, insomnia, and restless legs syndrome is on the rise. As a result, there is a growing demand for precise diagnosis and treatment, which is leading to an increase in the use of sleep laboratories for thorough sleep tests using ambulatory polysomnography devices.
  
   
• Additionally, the enormous diagnostic accuracy of sleep labs is well established. They trained sleep technologists and sleep experts on assessing PSG data. This understanding ensures that patients obtain precise diagnosis and treatment strategies, which is why sleep labs are recommended. This is anticipated to boost the segment growth in the market.

   

North America ambulatory polysomnography systems market accounted for USD 155.1 million revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.
 

• North America has one of the highest reported prevalence rates of sleep disorders globally. For instance, according to the American Sleep Association [ASA], the average individual has received less than seven hours of sleep every night in 2021, and 50 to 70 million individuals in the U.S. was affected by an insomnia disorder. Factors such as lifestyle, obesity, and aging contribute to a substantial number of individuals affected by conditions like obstructive sleep apnea (OSA), and insomnia among others. The need for accurate diagnosis and treatment drives the demand for ambulatory polysomnography systems in the region.

   

   
• Furthermore, North America boasts a well-developed healthcare infrastructure, including numerous hospitals, clinics, and sleep centers. These facilities often incorporate ambulatory PSG systems for sleep studies and diagnostics, contributing to the market's size.