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Home Sleep Screening Devices Market Size
Home Sleep Screening Devices Market size is anticipated to record substantial growth between 2024 and 2032 as these devices have the benefit of enabling testing in the patient's home with less equipment. Home sleep tests (HSTs) are less expensive and more widely accessible compared to in-facility polysomnography (PSGs).
Home Sleep Screening Devices Market Trends
One notable trend is the increasing consumer preference for user-friendly and non-intrusive sleep monitoring solutions, driving the innovative product demand. Advancements in sensor technologies and wearables have led to the development of more comfortable and convenient devices, allowing individuals to monitor their sleep patterns without the need for specialized clinics. Moreover, the integration of AI & ML in these devices is enhancing their analytical capabilities, providing users with more comprehensive insights into their sleep health.
Home Sleep Screening Devices Market Analysis
The sleep apnea segment is expected to hold a major revenue share by 2032, backed by the rise in the use of home sleep apnea testing solutions for the identification of this condition. The tests often evaluate a patient's heart rate, breathing patterns, blood oxygen saturation, and airflow. Healthcare providers recommend therapy in circumstances where the results are abnormal without ordering more tests.
The wearables segment is poised to record notable demand over the forecast period, favored by the development of new products by key industry players. The ability of these wearable devices to detect Obstructive sleep apnea (OSA) in adults, enabling remote, automated home testing is acting a major driver.
North America home sleep screening devices market to have profitable development over the coming years, driven by rising cases of obstructive sleep apnea (OSA), which is one most common sleep-related breathing disorders. The American Medical Association (AMA) claims that about 30 million people in the U.S. have sleep apnea, of which only 6 million are diagnosed with the condition. OSA is often diagnosed among men but is also prevalent among women. The estimated prevalence of OSA in North America is approximately 15% to 30% in males and 10% to 15% in females. The increasing awareness about the various devices for detecting and monitoring sleep conditions will augment the market outlook.
Home Sleep Screening Devices Market Share
Some of the leading companies in the home sleep screening devices industry:
- NovaSom
- SleepWorks
- Dream Sleep
- Cleveland Medical Devices
- Koninklijke Philips
- ResMed
- Itamar Medical
- Garmin
- ApneaMed
- VirtuOx
Due to the Russia-Ukraine conflict, there has been a great deal of volatility among business around the world and the home sleep screening devices industry is no exception to this. The impact of the war is driving up natural gas and electricity prices, which is hurting the European markets. Many suppliers are worried about their products as there is a shortage of raw materials and the demand for these devices is declining.
Home Sleep Screening Devices Industry News
- In June 2021, Itamar Medical, Israeli sleep apnea company declared that it had expanded the capabilities of its at-home sleep apnea diagnostic testing line, WatchPAT.