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Sleep Study Market Trends

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

Sleep Study Market Trends

  • The growing use of telehealth services in sleep studies is enabling remote monitoring and virtual consultations, making sleep studies more accessible and convenient. This is particularly beneficial for the geriatric population, which is significantly affected by sleep disorders. Telemedicine plays a crucial role in the management of sleep disorders, particularly sleep apnea and insomnia through facilitating remote monitoring of CPAP therapy, allowing for the tracking of key parameters such as pressure, air leaks, apnea-hypopnea index, and patient compliance.
     
  • Moreover, vendors offering sleep study services are leveraging artificial intelligence and machine learning tools for efficiently analyzing sleep data, providing accurate diagnosis, and preparing personalized treatment plans. According to a December 2023 study published by National Center for Biotechnology Information, artificial intelligence is being significantly used for sleep staging, respiratory events scoring, insomnia characterization, prediction of circadian rhythm from gene expression, and phenotyping of OSA.
     
  • Adoption of portable and wearable devices in sleep monitoring has increased in sleep studies owing to their convenience, affordability, and ability to measure sleep variables in a natural environment. According to a study published by National Center for Biotechnology Information in April 2024, patients are more frequently sharing sleep data obtained from their wearable devices with healthcare providers, and the growing accessibility of commercial devices and advanced research/clinical tools has spurred the widespread integration of wearables in research.
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.

Sleep Study Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 224
  • Countries covered: 22
  • Pages: 123
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