Global Sleep Disorder Market

Sleep Disorder Market Size, Share, Growth Analysis, By Type of Sleep Disorder(Insomnia, Sleep Apnea, Restless Legs Syndrome (RLS), Narcolepsy), By Diagnosis Method(Polysomnography (PSG), Actigraphy, Home Sleep Apnea Test (HSAT), Multiple Sleep Latency Test (MSLT)), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35D2156 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 71 | Figures: 75

Sleep Disorder Market Dynamics

Sleep Disorder Market Drivers

Rising Awareness and Education:

  • Growing awareness about the adverse health impacts of sleep disorders is a major driver. Increased education and information dissemination through various channels are prompting individuals to seek diagnosis and treatment for their sleep-related issues.

Technological Advancements:

  • Continuous advancements in diagnostic tools and treatment options, such as portable sleep monitoring devices and telemedicine solutions, are driving market growth by making diagnosis and treatment more accessible and convenient.

Sleep Disorder Market Restraints

Stigma and Lack of Awareness:

  • Despite increasing awareness, stigma around sleep disorders still exists, leading some individuals to avoid seeking professional help. Additionally, lack of awareness in certain regions hinders early diagnosis and treatment.

Limited Insurance Coverage:

  • In some regions, sleep disorder treatments and diagnostics might not be covered by health insurance, deterring individuals from seeking proper care due to financial concerns.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Sleep Disorder Market size was valued at USD 22.5 Billion in 2022 and is poised to grow from USD 25.20 Billion in 2023 to USD 62.39 Billion by 2031, at a CAGR of 12% during the forecast period (2024-2031). 

The competitive landscape of the sleep disorder market is characterized by the presence of several key players striving to provide comprehensive solutions for diagnosing and managing various sleep-related conditions. Prominent pharmaceutical companies, medical device manufacturers, sleep clinics, and telemedicine providers are actively engaged in offering a range of products and services. These include advanced diagnostic devices, wearable technologies, medications, therapies, and remote monitoring solutions. Companies are focusing on research and development to introduce innovative products that enhance the accuracy of diagnosis and effectiveness of treatment. 'ResMed Inc.', 'Philips Healthcare', 'Fisher & Paykel Healthcare', 'Inspire Medical Systems', 'Sleep Number Corporation', 'Koninklijke Philips NV.', 'Natus Medical Incorporated', 'Compumedics Limited', 'Becton, Dickinson and Company', 'Itamar Medical Ltd.', 'Nihon Kohden Corporation', 'Medtronic plc', 'DeVilbiss Healthcare', 'Drive DeVilbiss Healthcare', 'Cardinal Health', 'NovaSom, Inc.', 'Advanced Brain Monitoring', 'SleepMed Inc.', 'Sefam', 'BMC Medical Co., Ltd.'

Growing awareness about the adverse health impacts of sleep disorders is a major driver. Increased education and information dissemination through various channels are prompting individuals to seek diagnosis and treatment for their sleep-related issues.

Rise in Telemedicine and Remote Monitoring: The adoption of telemedicine and remote monitoring solutions has surged, enabling individuals to access sleep disorder diagnosis and treatment from the comfort of their homes. This trend has been accelerated by the COVID-19 pandemic, driving the development of virtual sleep clinics and wearable technologies for remote sleep tracking.

The North America region stands as the largest market for sleep disorder solutions, driven by heightened awareness about sleep-related health issues and the availability of advanced healthcare infrastructure. Countries like the United States and Canada have well-established healthcare systems and a significant prevalence of sleep disorders due to factors such as lifestyle changes and stressful routines. This region also witnesses considerable investment in research and development for innovative diagnostic tools and treatment methods.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Sleep Disorder Market

Report ID: SQMIG35D2156

$5,300
BUY NOW GET FREE SAMPLE