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Global Sleep Testing Services Market

May 26, 2019

Global Sleep Testing Services Market, By Test Type (Home Sleep Testing and In-lab Sleep Testing (Electroencephalogram, Full Polysomnography, CPAP/BiPAP Titration, Multiple Sleep Latency Test (MSLT), and Maintenance of Wakefulness Test (MWT)), By Application (Obstructive Sleep Apnea, Restless Legs Syndrome, Insomnia, Circadian Rhythm Sleeping Disorders, Rapid Eye Movement (REM) Sleep Disorder, and Narcolepsy), By End User (Hospitals, Sleep Centers, and Home Care Settings), By Region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR637      
Pages :199 Pages
Format :   PPT Format   PDF Format

The global sleep testing services market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Sleep testing is pharmaceutical test used to acknowledge and detect sleeping disorders. This test reports oxygen level in blood, and breathing, brain signals, and heart beat rate. Sleep testing service is used to discover various disorders such as baffling chronic insomnia, rapid eye movement (REM), sleep apnea, narcolepsy, sleep behavior disorder, regular legs movement disorder, and others. Some of the drivers of the sleep testing services market are rising occurrence of sleeping ailments and increasing awareness of people about sleeping disorders.

Table 1. Global Sleep Testing Services Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Test Type)

Home Sleep Testing and In-lab Sleep Testing (Electroencephalogram, Full Polysomnography, CPAP/BiPAP Titration, Multiple Sleep Latency Test (MSLT), and Maintenance of Wakefulness Test (MWT))

Market Segmentation (By Application)

Obstructive Sleep Apnea, Restless Legs Syndrome, Insomnia, Circadian Rhythm Sleeping Disorders, Rapid Eye Movement (REM) Sleep Disorder, and Narcolepsy

Market Segmentation (By End User)

Hospitals, Sleep Centers, and Home Care Settings

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East and Africa

Key Players Coverage

SleepMed Inc., St. Luke’s Center of Sleep Medicine, Midwest Sleep Services Inc., Medical Service Company, Sleep Services Australia, Genesis SleepCare, Total Sleep Holdings Plc., Carolinas Sleep Services, and SOVA Sleep Services Inc., Itamar Medical, and Caesarea, among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

Sleep testing services are highly accepted by people, which is predicted to boost the market growth in the foreseen future. Rising prevalence of sleeping disorders is another element boosting the global sleeping testing services market growth. Additionally, personal insurance service providers also magnify the market growth in a pragmatic way. The increasing figures of healthcare technology associations have endless developmental opportunities to the market and an increase in acquisitions, collaborations, and partnerships are being noted. For instance, in March 2017, Royal Philips, universal commander in health technology acquired Australian Pharmacy Sleep Services (APSS), a colonist in drugstore sleep testing. APSS complemented Philips’ sleep and respiratory care , and assisted to expand the Philip’s business’ home sleep testing offering through the pharmacy channel in Australia. However, the high cost involved to set up sleep testing services acts as a restraint for the growth of the market.

Table 1. PORTER’S Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

North America, Europe and Asia-Pacific regions are predicted to manifest robust growth potential owing to the possibility of massive patients and increasing awareness about home-based sleep testing. Furthermore, according to American Sleep Apnea Association, 70% of youngsters accounted that they face the problem of inadequate sleep at least one night a month, and 11% report deficient sleep every night, in the U.S. Also, higher than 50 million Americans already suffer from 80 different sleep disorders and another 20 to 30 million suffer from sporadic sleep issues every year. Therefore, these are predicted to evidence promising revenue growth for sleep testing services market in the U.S.

Figure 2. Regional Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitve Landscape

Key players in the global sleep testing services market include: SleepMed Inc., St. Luke’s Center of Sleep Medicine, Midwest Sleep Services Inc., Medical Service Company, Sleep Services Australia, Genesis SleepCare, Total Sleep Holdings Plc., Carolinas Sleep Services, and SOVA Sleep Services Inc., Itamar Medical, and Caesarea, among others

The players have adopted strategies of product development, acquisition, partnerships, collaborations and mergers to strengthen their position in the market. For instance, in June 2019, Israel-based Itamar Medical, Caesarea, has declared that it has got 510(k) clearance from the U.S. Food & Drug Administration (FDA) for WatchPAT One, which is one of the latest disposable Home Sleep Apnea Test (HSAT).

Figure 3. Market Share of Key Players, 2019

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

By Test Type

  • Home Sleep Testing
  • In-lab Sleep Testing
    • Electroencephalogram
    • Full Polysomnography
    • CPAP/BiPAP Titration
    • Multiple Sleep Latency Test (MSLT)
    • Maintenance of Wakefulness Test (MWT)

By Application

  • Obstructive Sleep Apnea
  • Restless Legs Syndrome
  • Insomnia
  • Circadian Rhythm Sleeping Disorders
  • Rapid Eye Movement (REM) Sleep Disorder
  • Narcolepsy

By End User

  • Hospitals
  • Sleep Centers
  • Home Care Settings

 By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides in-depth analysis of the global sleep testing services market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global sleep testing services market?
  • What key factors are expected to increase the demand for sleep testing services market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global sleep testing services market?
  • What is the total market value (US$ Mn) generated in global sleep testing services market by test type in 2019 and what are the forecasts by 2025?
  • Which application is expected to dominate the sleep testing services market in the coming years?
  • Which end user contributes to highest CAGR (%) in sleep testing service market?
  • What was the total revenue generated by the global sleep testing services market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global sleep testing services market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the sleep testing services market?
  • What are the major outcomes derived from the Porter’s five forces?
  • What new products are going to be approved or launched in the coming years which may have huge impact on the market?
  • What insights are derived through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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