NEW
YORK, July 8, 2024 /PRNewswire/ -- The
global polysomnography devices market size is estimated
to grow by USD 189.9 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 6.79% during the forecast period. Favorable
reimbursement scenario is driving market growth, with a
trend towards advances in polysomnography devices.
However, alternatives for polysomnography devices poses a
challenge. Key market players include Advin Health Care, BMC
MEDICAL CO. LTD., Cadwell Industries Inc., Cleveland Medical
Devices Inc., Compumedics Ltd., Contec Medical Systems Co. Ltd.,
Genotronics, Koninklijke Philips N.V., Lowenstein Medical
Technology GmbH and Co. KG, MEDATEC Medical Data Technology SPRL
BVBA, Medicom MTD Ltd, Natus Medical Inc., Neurosoft, Neurovirtual
USA, Nihon Kohden Corp., Nox
Medical, Recorders and Medicare Systems Pvt Ltd, ResMed Inc.,
SOMNOmedics GmbH, and Vyaire Medical Inc..
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Polysomnography
Devices Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.79%
|
Market growth
2024-2028
|
USD 189.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
6.24
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
41%
|
Key
countries
|
US, Germany, UK, China,
and Japan
|
Key companies
profiled
|
Advin Health Care, BMC
MEDICAL CO. LTD., Cadwell Industries Inc., Cleveland Medical
Devices Inc., Compumedics Ltd., Contec Medical Systems Co. Ltd.,
Genotronics, Koninklijke Philips N.V., Lowenstein Medical
Technology GmbH and Co. KG, MEDATEC Medical Data Technology SPRL
BVBA, Medicom MTD Ltd, Natus Medical Inc., Neurosoft, Neurovirtual
USA, Nihon Kohden Corp., Nox Medical, Recorders and Medicare
Systems Pvt Ltd, ResMed Inc., SOMNOmedics GmbH, and Vyaire Medical
Inc.
|
Market Driver
Polysomnography devices have seen significant advancements, with
wearable and portable options becoming popular trends. Cleveland
Medical Devices' Sapphire PSG, for instance, offers a complete
sleep system with 22 channels, wireless hardware, and Crystal PSG
software for managing patient data. Its wireless design facilitates
attended, remotely attended, or unattended sleep diagnoses,
enhancing patient comfort and mobility. SOMNOtouch RESP from
SOMNOmedics is another innovation, featuring Intelligent Connect
technology that recognizes various sensors. With integrated sensors
for flow and snore, effort, SpO2, pulse rate, plethysmogram, body
position, movement, and CPAP/BiPAP pressure, as well as external
sensors for ECG, EEG, EOG, EMG, and AUX, this device bridges the
gap between a polysomnograph and a polygraph. The small size
ensures comfort for home or ambulatory use. These devices' unique
features and software make them increasingly efficient for
hospitals, sleep clinics/labs, ASCs, and home use, contributing to
the growth of the global polysomnography devices market.
The Polysomnography Devices Market is witnessing significant
growth due to the increasing prevalence of sleep disorders and the
advancement of sleep monitoring technology. Sleep Disorder
Diagnosis is a key trend in this market, with Sleep Study Devices
and Tools becoming essential Sleep Test Equipment for Sleep
Disorders Analysis. PSG Devices, including EEG Machines and
Respiratory Monitoring Devices, are popular Sleep Study Solutions
for Sleep Quality Assessment and Sleep Apnea Analysis. Sleep
Monitoring Solutions, such as Sleep Apnea Testing and Sleep Apnea
Monitors, are in high demand for Sleep Apnea Assessment and
Treatments. The market for Sleep Dis diagnostic Devices continues
to expand, offering innovative Sleep Monitoring Technology and
Sleep Pattern Analysis for better patient care.
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Market Challenges
- Polysomnography devices are used extensively in diagnosing and
treating Obstructive Sleep Apnea (OSA). However, alternatives such
as Home Sleep Apnea Tests (HSAT) and Limited Channel Monitoring
have emerged as viable options. HSAT is a popular choice for
patients who prefer to undergo testing at home, offering similar
effectiveness to polysomnography for OSA detection. HSAT is
non-inferior to conventional polysomnography in terms of titration
pressures, CPAP adherence, functional outcomes, and time taken for
treatment. HSAT's major advantage lies in its convenience and
comfort, requiring fewer wires and enabling testing in the
patient's own home. Another alternative, Limited Channel
Monitoring, focuses on recording fewer physiologic signals,
primarily blood oxygen levels and breathing. While it cannot
observe sleep precisely, it estimates sleep through body movements
via actigraphy. This method is suitable for patients with other
medical conditions and as a follow-up after OSA treatment. Limited
channel monitoring offers a more comfortable sleep environment and
is less costly than polysomnography. The availability of these
alternatives may hinder the growth of the global polysomnography
devices market during the forecast period.
- The Polysomnography Devices Market encompasses various
diagnostic tools and monitoring solutions for sleep disorders.
Sleep Disorder Diagnosis is a significant challenge, requiring
advanced Sleep Study Technology and devices such as Sleep Study
Tools, Test Equipment, and Analysis Tools. PSG Devices, including
EEG Machines and Respiratory Monitoring Devices, play a crucial
role in Sleep Apnea Analysis and Assessment. Sleep Monitoring
Solutions provide valuable insights into Sleep Quality Assessment
and Sleep Pattern Analysis. The market continues to evolve,
offering innovative Sleep Apnea Testing and Treatments, as well as
Sleep Lab Equipment and Sleep Monitoring Devices. Companies in this
sector aim to improve Sleep Disorder Diagnosis and provide
comprehensive Sleep Disorders Analysis for better patient
care.
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Segment Overview
This polysomnography devices market report extensively covers
market segmentation by
- Application
- 1.1 Hospitals
- 1.2 Sleep clinics and diagnostic laboratories
- 1.3 ASCs
- 1.4 Homecare
- Type
- 2.1 Ambulatory polysomnography devices
- 2.2 Clinical polysomnography devices
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Hospitals- Hospitals play a significant role in the
polysomnography devices market due to their advanced capabilities
in addressing sleep disorders. Hospital-based sleep centers, also
known as hospital sleep labs or clinics, offer several advantages
over home-based and standalone sleep centers. These facilities are
equipped with specialized technicians and advanced equipment,
ensuring accurate diagnoses and effective treatment plans.
Hospitals are particularly beneficial for patients with underlying
health conditions, such as obstructive respiratory issues, cardiac
problems, or obesity, as they provide specialized beds, furniture,
and emergency assistance. Additionally, hospitals have instant
access to oxygen therapy and doctors from various specialties,
ensuring comprehensive care for patients. Consequently, the
hospital segment contributes the largest share of revenue to the
global polysomnography devices market due to its superior
capabilities and comprehensive services.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Polysomnography Devices Market refers to the industry that
produces and supplies Sleep Monitoring Devices, also known as PSG
Devices, for diagnosing and analyzing various sleep disorders.
These diagnostic tools, which include EEG machines and Respiratory
Monitoring Devices, are essential for Sleep Pattern Analysis and
Sleep Apnea Testing. Sleep Lab Equipment, such as PSG machines, are
used to conduct comprehensive sleep studies, providing valuable
insights into the different stages of sleep and any potential
disorders. Monitoring Solutions, like Sleep Apnea Monitors and
Sleep Apnea Machines, help patients manage their conditions at
home. Overall, the Polysomnography Devices Market plays a crucial
role in improving sleep health and quality of life for individuals
with sleep disorders.
Market Research Overview
The Polysomnography Devices Market encompasses a range of
diagnostic tools and monitoring solutions used for sleep disorders
analysis. These devices, also known as Sleep Monitoring Devices or
PSG Devices, include EEG machines for brain wave analysis,
Respiratory Monitoring Devices for tracking breathing patterns, and
Sleep Apnea Monitors for assessing sleep apnea. Sleep Study
Equipment and Sleep Lab Equipment are used in clinical settings for
comprehensive sleep analysis. Sleep Pattern Analysis and Sleep
Disorder Diagnosis are key functions of these devices. Sleep
Monitoring Technology has advanced significantly, leading to the
development of Sleep Study Devices, Sleep Study Tools, and Sleep
Test Equipment that offer high accuracy and user-friendly designs.
Sleep Analysis Tools and Sleep Study Monitors enable Sleep Quality
Assessment and Sleep Disorder Testing, while Sleep Apnea Analysis
and Sleep Apnea Assessment tools help identify and treat sleep
apnea. Overall, the Polysomnography Devices Market caters to the
growing demand for effective sleep disorder diagnosis and treatment
solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Hospitals
- Sleep Clinics And Diagnostic Laboratories
- ASCs
- Homecare
- Type
-
- Ambulatory Polysomnography Devices
- Clinical Polysomnography Devices
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio