Polysomnography Devices Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71912
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The polysomnography devices market share is expected to increase by USD 136.42 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.71%.

This polysomnography devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers polysomnography devices market segmentation by application (hospitals, sleep clinics and diagnostic laboratories, ASCs, and homecare) and geography (North America, Europe, Asia, and ROW). The polysomnography devices market report also offers information on several market vendors, including Cleveland Medical Devices Inc., Compumedics Ltd., Koninklijke Philips NV, Natus Medical Inc., Neurosoft, Neurovirtual USA, Nihon Kohden Corp., ResMed Inc., SOMNOmedics GmbH, and Vyaire Medical Inc. among others.

What will the Polysomnography Devices Market Size be During the Forecast Period?

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Polysomnography Devices Market: Key Drivers and Challenges

The increasing prevalence of sleep apnea, especially OSA is notably driving the polysomnography devices market growth, although factors such as alternatives for polysomnography devices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polysomnography devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Polysomnography Devices Market Driver

Sleep apnea is a sleep disorder wherein there the breathing repeatedly stops and starts, leading to sleep disruption. It is a potentially serious disorder. OSA is the most common type of sleep apnea and is a highly prevalent condition. The prevalence of OSA is increasing due to several factors, including obesity and an increase in the geriatric population. The number of aged people in the world is increasing with the rise in life expectancy. These factors can aggravate the occurrence of OSA in adults. OSA is also relatively common among people with hypertension. Therefore, the increasing prevalence of sleep apnea, especially OSA, is likely to lead to increasing demand for both polysomnography and related devices and thereby drive the growth of the global polysomnography devices market. 

Key Polysomnography Devices Market Challenge

Polysomnography devices have substitutes, such as HSAT and limited channel monitoring. Of these, HSAT helps in diagnosing patients with suspected OSA. It has gradually emerged as a popular choice for patients who do not want to stay overnight for an in-laboratory polysomnography test. One of the major advantages of HSAT is that it offers the convenience of conducting the test in the comfort of the patient’s own home. Moreover, the equipment requires fewer wires to carry out the test, which makes it more comfortable and less intrusive. Limited channel monitoring involves the recording of fewer physiologic signals than polysomnography. More people, especially those with other medical conditions, are increasingly undergoing limited channel monitoring when OSA is suspected. This method is also used as a follow-up after OSA treatment is completed to check whether the latter has been effective. In limited channel monitoring, not only are the signals obtained in a more comfortable sleep environment, but the procedure is also less costly than polysomnography. Thus, the availability of substitutes, such as HSAT and limited channel monitoring, can hinder the growth of the global polysomnography devices market.

This polysomnography devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Polysomnography Devices Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Cleveland Medical Devices Inc.
  • Compumedics Ltd.
  • Koninklijke Philips NV
  • Natus Medical Inc.
  • Neurosoft
  • Neurovirtual USA
  • Nihon Kohden Corp.
  • ResMed Inc.
  • SOMNOmedics GmbH
  • Vyaire Medical Inc.

 

This statistical study of the polysomnography devices market encompasses successful business strategies deployed by the key vendors. The polysomnography devices market is fragmented and the vendors are accomplishing new technologies and increasing their margins in response to changing market conditions in the end-user industries to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The polysomnography devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Polysomnography Devices Market?

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41% of the market’s growth will originate from North America during the forecast period. The US is a key market for polysomnography devices in North America. However, the market growth rate in this region will be slower than the growth of the market in Asia.

The increasing prevalence of sleep apnea, including OSA, will facilitate the polysomnography devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Polysomnography Devices Market?

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The polysomnography devices market share growth by the hospital segment will be significant during the forecast period. Hospital-based polysomnography is superior to home-based polysomnography due to the availability of specialized technicians and equipment, which is beneficial in times of emergency. Hospitals are sufficiently equipped with all the latest and most advanced machines when compared with other healthcare facilities. Moreover, hospitals have doctors belonging to almost all specialties, which, in turn, ensures that they are accessible to patients whenever needed, especially in the case of any complications. Therefore, the hospital segment contributes the largest share of revenue to the global polysomnography devices market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the polysomnography devices market size and actionable market insights on post COVID-19 impact on each segment.

 

Polysomnography Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.71%

Market growth 2021-2025

$ 136.42 million

Market structure

Fragmented

YoY growth (%)

5.15

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 41%

Key consumer countries

US, Germany, UK, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Cleveland Medical Devices Inc., Compumedics Ltd., Koninklijke Philips NV, Natus Medical Inc., Neurosoft, Neurovirtual USA, Nihon Kohden Corp., ResMed Inc., SOMNOmedics GmbH, and Vyaire Medical Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Polysomnography Devices Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive polysomnography devices market growth during the next five years
  • Precise estimation of the polysomnography devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the polysomnography devices industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of polysomnography devices market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Hospitals - Market size and forecast 2020-2025
    • Sleep clinics and diagnostic laboratories - Market size and forecast 2020-2025
    • ASCs - Market size and forecast 2020-2025
    • Homecare - Market size and forecast 2020-2025
    • Market opportunity by Application

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • Asia - Market size and forecast 2020-2025
    • ROW - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Cleveland Medical Devices Inc.
    • Compumedics Ltd.
    • Koninklijke Philips NV
    • Natus Medical Inc.
    • Neurosoft
    • Neurovirtual USA
    • Nihon Kohden Corp.
    • ResMed Inc.
    • SOMNOmedics GmbH
    • Vyaire Medical Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The polysomnography devices market growth will increase by $136.42 million during 2020-2025.
    The polysomnography devices market is expected to grow at a CAGR of 5.71% during 2020-2025.
    Technavio has segmented the polysomnography devices market by application (Hospitals, Sleep clinics and diagnostic laboratories, ASCs, and Homecare) and geographic (North America, Europe, Asia, and ROW).
    Cleveland Medical Devices Inc., Compumedics Ltd., Koninklijke Philips NV, Natus Medical Inc., Neurosoft, Neurovirtual USA, Nihon Kohden Corp., ResMed Inc., SOMNOmedics GmbH, Vyaire Medical Inc. are a few of the key vendors in the polysomnography devices market.
    North America will register the highest growth rate of 40.93% among the other regions. Therefore, the polysomnography devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the polysomnography devices market growth are:
    • Favorable reimbursement scenario
    The polysomnography devices market vendors should focus on grabbing business opportunities from the hospitals segment as it accounted for the largest market share in the base year.
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