LONDON--(BUSINESS WIRE)--The global sleep testing devices market is expected to grow by USD 234.62 million as per Technavio. This marks a significant market slowdown compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 6%. Request free sample pages
Read the 120-page report with TOC on "Sleep Testing Devices Market Analysis Report by Product (HSTD, and In-facility devices) and Geographic Landscape (Asia, Europe, North America, and ROW), and the Segment Forecasts, 2020-2024".
The market is driven by the rising demand for non-invasive diagnostic tests. In addition, the growing preference for wearable sleep testing devices is anticipated to boost the growth of the sleep testing devices market.
Various health conditions such as anxiety, chronic pain, and headaches result from sleep disorders such as narcolepsy, insomnia, and obstructive sleep apnea. The rising prevalence of sleep disorders is propelling the demand for sleep testing devices as they are used by physicians to record the oxygen level while breathing, heartbeat, and brainwaves in patients. Furthermore, non-invasive diagnostics are gaining prominence as they allow early disease detection in real-time and help to minimize mortality and morbidity rates. As a result, the adoption of these medical tests is increasing in sleep centers, hospitals, and home care units in developing and developed economies. Thus, the rising demand for non-invasive diagnostic tests is expected to drive market growth during the forecast period.
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Major Five Sleep Testing Devices Companies:
BMC Medical Co. Ltd.
BMC Medical Co. Ltd. operates the business under various segments such as Devices, Masks, and Hospital Product. The company offers Polypro H2 series, which is an automated, portable, and light-weight device. They also provide PolyWatch Sleep Screener, which is a lightweight and user-friendly interface.
Cidelec offers products through the following business units: Portables Cardiorespiratory Polygraphs, Portable Polysomnograph, Sleep Laboratory Study, and Analysis Software. The company offers a portable polygraph, CID-LX and a lightweight polygraph, CID-LXa. They also provide CID-LXe, which is a portable polysomnography device.
Compumedics Ltd. operates under various business segments, namely Sleep Diagnostics, Neuro Diagnostics (including Brain Research), and Ultrasonic Blood Flow Monitoring. The company offers a full PSG, wireless device such as Somté PSG. They also provide home sleep testing devices such as Somté and is a multi-functional, ambulatory recording device such as the Siesta 802.
Itamar Medical Ltd.
Itamar Medical Ltd. offers products through the following business segments: WatchPAT and other related services; and Endo PAT and other related services. The company offers WatchPAT, which is a portable device and WatchPAT ONE, which is a disposable home sleep test device. They also provide WatchPAT 300, which is a home test device.
Koninklijke Philips NV
Koninklijke Philips NV offers products through the following business segments: Diagnosis & Treatment; Connected Care & Health Informatics; and Other. The company offers Alice NightOne, StarDust II, and Alice PDx. They also provide Alice 6 LDx, which is a full-featured sleep diagnostic device.
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Sleep Testing Devices Market Product Outlook (Revenue, USD Million, 2020-2024)
- In-facility devices
Sleep Testing Devices Market Geographic Outlook (Revenue, USD Million, 2020-2024)
- North America
- Key leading countries
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