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Sleep Study Market Size

Report ID: GMI9723
Published Date: Jun 2024
Report Format: PDF

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Sleep Study Market Size

Sleep Study Market size was valued at USD 6.5 billion in 2023 and is anticipated to showcase growth at 12.3% CAGR from 2024 and 2032. Growing prevalence of sleep disorders, availability of reimbursement for sleep disorder diagnosis and treatment, and growing adoption of home sleep testing and telemedicine services is driving the revenue growth in market. Additionally, advances in wearable sleep disorder monitoring and diagnostic devices are also adding to the revenue growth in the market.

Sleep Study Market

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Sleep study involves the diagnostic processes and procedures used for evaluating, diagnosing, and monitoring sleep disorders and sleep-related conditions. Sleep study helps to identify disruptions in normal sleep patterns, and in understanding the underlying causes, to guide appropriate treatment.

Sleep Study Market Report Attributes
Report Attribute	Details
Base Year:	2023
Sleep Study Market Size in 2023:	USD 6.5 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	12.3%
2032 Value Projection:	USD 18.3 Billion
Historical Data for:	2021 – 2023
No. of Pages:	123
Tables, Charts & Figures:	224
Segments covered:	Testing services, Indications, End-user, and Region
Growth Drivers:	Growing prevalence of sleep disorders Availability of reimbursement for sleep disorder diagnosis and treatment Growing adoption of home sleep testing and telemedicine services Advances in wearable sleep disorder monitoring and diagnostic devices
Pitfalls & Challenges:	High cost associated to sleep monitoring devices Lack of coordinated care due to fragmentation of services

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Sleep study market size was USD 6.5 billion in 2023 and is expected to register 12.3% CAGR from 2024-2032 owing to the growing prevalence of sleep disorders, availability of reimbursement for sleep disorder diagnosis and treatment, and growing adoption of home sleep worldwide.

Sleep study industry from the in-lab testing segment held 82.9% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to offering comprehensive monitoring of various physiological parameters such as EEG, EOG, ECG, and SpO2, in comparison to home sleep testing.

North America sleep study industry held 42.1% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to increasing demand of sleep study among patients suffering from sleep disorders in the region.

Koninklijke Philips N.V., Korea University Medicine, London Sleep Centre, Medical Service Company, MedStar Health, Midwest Sleep Services Inc., Millennium Sleep Lab, SleepMedSite, SOVA Sleep Services Inc., and USA Sleep Diagnostic., are some of the major sleep study companies worldwide.