USD 3.10 billion
Home Sleep Screening Devices Market Size, Share, Growth Analysis, By Product Type(Wearable Devices, Portable Devices), By Application(Hospitals, Clinics, Home Sleep Testing Centers, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2255 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
63
|Figures:
71
Home Sleep Screening Devices Market Insights
Global Home Sleep Screening Devices Market size was valued at USD 3.10 billion in 2022 and is poised to grow from USD 3.35 billion in 2023 to USD 6.30 billion by 2031, at a CAGR of 8.20% during the forecast period (2024-2031).
The global home sleep screening devices market is witnessing a significant surge in demand, driven by increasing awareness of sleep disorders and the importance of monitoring one's sleep patterns for overall health and well-being. Consumers are becoming more proactive in managing their sleep quality, leading to a growing preference for convenient and accessible home-based sleep monitoring solutions.
Moreover, advancements in technology have contributed to the development of user-friendly and non-invasive devices that offer valuable insights into sleep patterns. This trend is further fueled by the rise in telehealth services and remote patient monitoring, as healthcare providers leverage these devices to offer more personalized care and recommendations to patients with sleep-related concerns.
As the market continues to evolve, collaborations between healthcare professionals, tech companies, and wellness experts are likely to play a pivotal role in shaping the future of home sleep screening solutions.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
8.20% CAGR
Global Home sleep screening devices market ($ Bn)
Country Share for NORTH AMERICA Region (%)
To get more reports on the above market click here to Buy The Report
Home Sleep Screening Devices Market Segmental Analysis
The global home sleep screening devices market is segmented on the basis of Product type, application, and region. Based on product kind the marketplace is segmented as Wearable Devices, Portable Devices. Based on utility, it's far segregated into Hospitals, Clinics, Home Sleep Testing Centers, Others. Based on vicinity, the marketplace is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product Type
Wearable sleep screening devices presently dominate the global marketplace because of their comfort and non-stop monitoring competencies. They have gained giant popularity amongst consumers in search of real-time insights into their sleep patterns. The ease of use and integration with smartphones and different clever gadgets have contributed to their marketplace leadership.
However, Portable sleep screening gadgets are experiencing the quickest boom inside the global market. This growth is attributed to their versatility and capacity to offer complete sleep records whilst remaining transportable and user-pleasant. Their growing adoption by way of healthcare specialists and patients for in-home diagnostics and sleep disorder management is riding this rapid enlargement.
Analysis by Application
Hospitals presently constitute the dominant application section within the global home sleep screening devices marketplace. This may be attributed to the considerable availability of advanced scientific centers in hospitals, permitting complete sleep exams for sufferers with various sleep issues. Moreover, hospitals frequently serve as referral factors for patients requiring sleep monitoring, further solidifying their prominence on this market.
Moreover, domestic sleep checking out facilities are rising because of the quickest-growing software segment. This surge is propelled by the increasing choice for handy and cost-effective diagnostic solutions.Patients are seeking alternatives to traditional hospital-based sleep studies, preferring the comfort and familiarity of their own homes. Additionally, advancements in technology have facilitated the development of accurate and user-friendly devices, further driving the adoption of home sleep testing centers.
Global Home sleep screening devices market by Application
To get detailed analysis on other segments, Request For Free Sample Report
Home Sleep Screening Devices Market Regional Insights
North America dominates the global home sleep screening gadgets marketplace due to its superior healthcare infrastructure, high occurrence of sleep disorders, and elevated adoption of virtual health answers. The region's nicely-set up market players and growing patron recognition of sleep fitness contribute to its management in this area.
However, Asia Pacific is the fastest-developing vicinity inside the international home sleep screening gadgets marketplace. This growth may be attributed to the rising center-elegance populace, increasing healthcare spending, and a developing emphasis on preventive healthcare measures in international locations like China and India. Additionally, the enlargement of telehealth services and a focus on technological innovation are driving the adoption of sleep monitoring devices in this area.
Global Home sleep screening devices market by Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Home Sleep Screening Devices Market Dynamics
Drivers
Technological Advancements
- Innovations in sensors, wearable devices, and data analytics have brought about extra correct and person-pleasant sleep monitoring solutions. These advancements enhance the overall consumer experience and the effectiveness of domestic sleep screening, driving the marketplace boom.
Restraints
High Cost of Devices
- A great restraint for the market is the excessive value related to some domestic sleep screening gadgets. While the call for such devices is rising, affordability stays a project for lots of able customers. This price barrier can restrict marketplace expansion, mainly in regions with decreased healthcare budgets and much less disposable earnings.
Request Free Customization of this report to help us to meet your business objectives.
Home Sleep Screening Devices Market Competitive Landscape
The worldwide home sleep screening devices market features a quite competitive landscape characterized by a multitude of players vying for marketplace percentage. Companies in this area are centered on studies and development projects to introduce progressive and person-pleasant gadgets.
Additionally, partnerships and collaborations with healthcare providers and digital health systems are not unusual strategies to expand market attain and offer comprehensive sleep tracking solutions.
As the market continues to evolve, the competitive intensity is expected to remain high, with an emphasis on product differentiation, pricing strategies, and geographical expansion to gain a competitive edge.
Top Player’s Company Profiles
- Koninklijke Philips N.V. (Netherlands)
- Fitbit, Inc. (US)
- Huami Corporation (China)
- Garmin Ltd. (Switzerland)
- Fossil Group, Inc. (US)
- Huawei Technologies Co., Ltd. (China)
- ResMed Inc. (US)
- Responsive Surface Technology, LLC (US)
- Simmons Bedding Company LLC (US)
- Dreams, Cleveland Medical Devices Inc. (US)
- NovaSom, Inc. (US)
- Itamar Medical Ltd (Israel)
- EZ Sleep (US)
- ApneaMed (US)
- SleepWorks, LLC (US)
- VirtuOx, Inc. (US)
Recent Developments
- In February 2023, Philips Respironics introduced the release of its new domestic sleep screening tool, the Philips DreamMapper Pro. The DreamMapper Pro is a software platform that may be used to tune and control sleep apnea remedy.
- In March 2023, SomnoMed introduced the release of its new domestic sleep screening tool, the SomnoMed AXG300. The AXG300 is a wi-fi device that can be used to diagnose sleep apnea and loud night breathing.
- In April 2023, Welch Allyn introduced the release of its new domestic sleep screening tool, the Welch Allyn SleepCheck Pro. The SleepCheck Pro is a fingertip pulse oximeter that may be used to screen blood oxygen degrees all through sleep.
- In May 2023, WatchPAT announced the launch of its new home sleep screening device, the WatchPAT ONE. The WatchPAT ONE is a wristwatch-sized device that may be used to diagnose sleep apnea and other sleep disorders.
Home Sleep Screening Devices Key Market Trends
- Remote Monitoring and Telehealth Integration: An outstanding trend inside the worldwide home sleep screening devices marketplace is the mixing of far off tracking talents and telehealth offerings. This fashion is pushed by the growing call for handy and accessible healthcare answers. Home sleep screening gadgets equipped with faraway monitoring capabilities permit healthcare vendors to song patients' sleep patterns and make well timed interventions, whilst telehealth integration permits digital consultations for prognosis and remedy, enhancing patient care and accessibility to sleep healthcare services. This convergence of era and healthcare delivery is reshaping how sleep disorders are managed and diagnosed, supplying more flexibility and customized care alternatives for patients worldwide.
Home Sleep Screening Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global home sleep screening gadgets marketplace evaluation, the marketplace has witnessed huge boom in recent years, fueled with the aid of a growing cognizance of sleep disorders and a developing emphasis on proactive health control. Technological advancements have led to the development of extra person-pleasant and accurate gadgets, catering to the increasing consumer call for home-based sleep monitoring answers.
Regions consisting of North America have emerged as dominant players due to their advanced healthcare infrastructure and high prevalence of sleep-associated issues. However, affordability stays a mission for some capability users, mainly in developing regions, serving as a restraint to market enlargement.
Looking ahead, the global home sleep screening gadgets market is poised for continued increase. As technology continues to improve, we can count on even extra state-of-the-art and value-powerful gadgets to emerge. Telehealth integration and far flung monitoring competencies are possibly to come to be fashionable capabilities, enabling healthcare providers to offer extra customized and available sleep healthcare services.
Furthermore, partnerships between tool producers and healthcare carriers are expected to flourish, creating complete sleep management answers. Expanding into untapped markets, including Asia Pacific and Latin America, can even present tremendous growth possibilities, given the growing healthcare focus and disposable income in those areas.
The convergence of era and healthcare inside the sleep tracking region holds the potential to revolutionize the analysis and control of sleep issues internationally.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.10 billion |
| Market size value in 2031 | USD 6.30 billion |
| Growth Rate | 8.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Home Sleep Screening Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Home Sleep Screening Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Home Sleep Screening Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Home Sleep Screening Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Home Sleep Screening Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Home Sleep Screening Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
