What Has Been the Progress and Growth of the Sleep Study Equipment Market in Recent Years?
The sleep study equipment market has seen considerable growth due to a variety of factors.
• The sleep study equipment market has grown strongly in recent years. It will increase from $4.78 billion in 2024 to $5.14 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%.
The growth can be attributed to an aging population, higher obesity rates, the rise of home healthcare, the growth of e-commerce, and increasing stress levels.
How Does the Forecast Look for the Sleep Study Equipment Market?
The sleep study equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The sleep study equipment market is expected to experience strong growth, reaching $6.82 billion by 2029 at a CAGR of 7.3%.
This growth is attributed to increased investment in sleep research, telehealth expansion, the development of wearable sleep technologies, a focus on mental health, and global health initiatives. Trends include the emergence of startups, non-invasive devices, insurance coverage expansion, partnerships, and AI integration.
What Are The Leading Drivers Of Growth In The Sleep Study Equipment Market?
The sleep study equipment market is expected to expand due to the increasing incidence of sleep disorders. The term "sleep disorders" includes conditions that regularly interfere with one's ability to achieve a good quality of sleep, potentially causing daytime drowsiness. These disorders, which can impact the quantity, quality, or timing of sleep, are generally attributed to lifestyle changes, socioeconomic stress, and aging. Sleep study devices are used to diagnose and manage these sleep disorders by tracking sleep patterns and physiological data, thereby enabling customized treatments. For instance, SleepFoundation.org, a US-based non-profit organization focusing on sleep health education and product testing, revealed in a survey in May 2023 that persistent sleep disorders were experienced by 50 million to 70 million people, with an increase associated with Post-Traumatic Stress Disorder (PTSD). Furthermore, 70% of adults are impacted by Seasonal Affective Disorder (SAD). Hence, the uptick in sleep disorders is fueling the growth of the sleep study equipment market.
How Are The Segments Defined Within The Global Sleep Study Equipment Market?
The sleep study equipment market covered in this report is segmented –
1) By Type: Sleep Monitors, Masks And Interfaces, Sensors And Accessories, Smart Beds And Pillows, Other Types
2) By Application: Online Sales, Offline Sales
3) By End User: Hospitals, Sleep Centers, Home Care Settings, Other End Users
Subsegments:
1) By Sleep Monitors: Polysomnography (PSG) Devices, Home Sleep Testing (HST) Devices, Oximeters, Wearable Sleep Monitors, Sleep Tracking Apps
2) By Masks And Interfaces: CPAP Masks (Continuous Positive Airway Pressure), BiPAP Masks (Bilevel Positive Airway Pressure), Nasal Cannulas, Full Face Masks, Nasal Pillow Masks, Hybrid Masks
3) By Sensors And Accessories: EEG Sensors (Electroencephalogram), EKG Sensors (Electrocardiogram), Pulse Oximeters, Respiratory Sensors, Temperature Sensors, Motion Sensors, Electrodes And Leads
4) By Smart Beds And Pillows: Smart Mattresses, Smart Pillows, Adjustable Beds, Anti-Snore Pillows, Sleep Positioning Devices
5) By Other Types: Sleep Therapy Devices, Light Therapy Systems, Sound Machines, Aromatherapy Devices, Air Purifiers For Sleep, Sleep Apps And Software Solutions
Pre-Book The Sleep Study Equipment Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Sleep Study Equipment Market?
Leading organizations in the sleep study equipment market are shifting their focus to devise superior solutions like AI-powered sleep scoring platforms aimed at uplifting diagnostic precision, refining treatment procedures, and bettering patient results. Incorporating artificial intelligence (AI) into sleep study equipment means instilling high-end AI technology into the devices and systems that monitor and analyze sleep trends. For example, the healthcare analytics company based in the US, Neurobit Inc., launched Neurobit PSG, an AI-centric sleep scoring platform, in August 2023. This platform revolutionizes sleep analysis for healthcare providers, researchers, sleep labs, and businesses. The platform utilizes advanced AI algorithms to provide accurate and efficient sleep scoring, thereby helping researchers and healthcare experts improve their workflows. Moreover, the platform securely retains patient sleep data within the in-house system of the sleep lab, thereby assuring utmost data safety.
Who Are the Key Players In The Sleep Study Equipment Market?
Major companies operating in the sleep study equipment market are:
• Apple Inc.
• Samsung Electronics Co. Ltd.
• Xiaomi Corporation
• Becton Dickinson and Company
• Koninklijke Philips N.V.
• ResMed Inc.
• Nihon Kohden Corporation
• Fitbit Inc.
• Fisher & Paykel Healthcare Limited
• Loewenstein Medical Inc.
• DeVilbiss Healthcare LLC
• Natus Medical Incorporated
• SleepMed Inc.
• Nox Health Group
• Compumedics Limited
• NovaSom Inc.
• Oventus Medical Limited
• Responsive Surface Technology Inc.
• Braebon Medical Corporation
• Apex Medical Inc.
What Is The Most Dominant Region In The Sleep Study Equipment Market?
North America was the largest region in the sleep study equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sleep study equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
