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The polysomnography devices market size is forecast to increase by USD 189.9 million at a CAGR of 6.79% between 2023 and 2028.
The polysomnography devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The hospitals segment is estimated to witness significant growth during the forecast period.
In the realm of healthcare, hospitals serve as vital institutions for diagnosing and treating various sleep disorders. Hospital-based sleep facilities, also known as sleep labs or clinics, offer advanced diagnostic testing and specialized care for patients with sleep issues, often co-existing with more complex health conditions. These facilities, situated within hospital campuses, are staffed with skilled technicians and equipped with state-of-the-art polysomnography devices. Patient engagement is a crucial aspect of sleep disorder management. Hospital-based sleep centers provide an immersive experience, emphasizing patient education and sleep hygiene. Patients receive comprehensive treatment recommendations, including lifestyle modifications, CPAP therapy, BIPAP therapy, oral appliances, and sleep position adjustments.
Data security is a significant concern in the digital health landscape. Cloud computing and data analysis play a pivotal role in ensuring data privacy and regulatory compliance. Advanced technologies like machine learning and artificial intelligence are employed to analyze sleep data, providing healthcare providers with valuable insights for accurate diagnosis and treatment plans. Remote patient monitoring, home sleep testing, and wearable technology enable continuous monitoring and early detection of sleep-disordered breathing, obstructive sleep apnea, central sleep apnea, restless legs syndrome, and other sleep disorders. These solutions promote better patient satisfaction and improve clinical outcomes. Mobile health applications and biometric sensors contribute to remote monitoring and data collection, providing real-time information on pulse rate, oxygen saturation, and sleep architecture.
This data is analyzed using big data analytics and sensor fusion, allowing healthcare providers to make informed decisions regarding patient care. Incorporating data analysis and patient education into sleep disorder management enhances treatment effectiveness and overall quality of life. Sleep centers prioritize patient satisfaction, ensuring harmonious and striking experiences, emphasizing the importance of sleep hygiene and addressing individual needs.
The Hospitals segment was valued at USD 139.30 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 41% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in the US is experiencing significant growth due to the rising prevalence of sleep apnea, particularly obstructive sleep apnea (OSA). Undiagnosed sleep apnea imposes a substantial economic burden on healthcare, with estimates suggesting that the annual cost in the US is around USD149 billion, in addition to an extra USD20-40 billion for additional medical expenses and healthcare utilization. Factors such as aging and obesity increase the risk of developing OSA, and the growing geriatric population in North America, projected to reach over 71 million by 2030, poses a considerable challenge to the public health system. Patients' engagement and education are crucial in managing sleep disorders, leading to the increasing adoption of digital health solutions, mobile health applications, and wearable technology for remote patient monitoring and at-home sleep studies.
Data security and privacy are essential considerations in the digital health landscape, with cloud computing and big data analytics playing a significant role in enhancing data security and facilitating data analysis. Advanced technologies like machine learning and artificial intelligence are transforming diagnostic testing and sleep scoring, enabling more accurate and efficient analysis of sleep architecture and sleep staging. Regulatory compliance and treatment recommendations are essential components of effective sleep disorder management, with various therapies such as CPAP, BiPAP, and oral appliances offering effective solutions for sleep-disordered breathing. Lifestyle modifications, such as sleep hygiene and body position, can also significantly impact sleep quality and contribute to better clinical outcomes.
The market is also witnessing the emergence of advanced technologies like sensor fusion and biometric sensors, which offer improved accuracy and patient satisfaction. Healthcare providers are increasingly embracing these technologies to enhance patient care and improve quality of life for those suffering from sleep disorders.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The polysomnography devices market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the polysomnography devices market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, polysomnography devices market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Advin Health Care - The company specializes in providing advanced polysomnography solutions, including the 09G01 polysomnography machine. This device is integral to diagnosing and treating sleep disorders through continuous recording and analysis of various physiological parameters during sleep. By utilizing state-of-the-art technology, our offerings enhance the accuracy and efficiency of sleep studies, ultimately improving patient care. Our commitment to innovation and excellence sets us apart in the field of sleep diagnostics.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant advancements, driven by the increasing focus on improving sleep efficiency and addressing various sleep disorders. REM and NREM sleep stages are crucial indicators of sleep quality, with sleep fragmentation, sleep debt, oxygen desaturation, and apnea-hypopnea index being key metrics. Personalized and precision medicine are transforming the landscape, enabling virtual care and remote diagnostics through polygraphic recording.
Cardiovascular health, neurological disorders, cognitive function, mental health, and respiratory disturbance index are interconnected aspects of sleep health that polysomnography devices address. The integration of health informatics, data visualization, predictive analytics, digital therapeutics, patient portals, and sleep-wake regulation technologies is revolutionizing the industry, providing insights into circadian rhythm and sleep-wake cycle disruptions due to sleep deprivation.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Polysomnography Devices Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
168 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.79% |
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Market growth 2024-2028 |
USD 189.9 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.24 |
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Key countries |
US, Germany, UK, China, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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