Increasing consciousness about health and sleeping patterns, the global home sleep screening device market is to reach a whale new level. In 2024, the global home sleep screening device market was valued at USD 3,763.10 million.
According to current estimations, the home sleep screening device market may garner a moderate CAGR of 4.30% from 2024 to 2034. By 2034, the market may reach a valuation of USD 5,733.10 million by 2034.
| Report Attribute | Details |
|---|---|
| Market Value (2023) | USD 3,463.60 million |
| Market Value (2024) | USD 3,763.10 million |
| Forecast Value (2034) | USD 5,733.10 million |
| Growth Rate (2024 to 2034) | 4.30% |
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The availability of various home sleep screening devices gives consumers a wide range of options. Wearables, portable sleep monitors, bedside sleep monitors, sleep tracking pads, and various smartphone applications exist. Among all of these, the wearable segment has been gaining traction in the global home sleep screening device market.
Accessibility of these devices and personalized insights from them make them even more popular among consumers of varying age groups. These devices make it convenient to keep tabs on sleep quality in the comforts of home, saving money and time on clinic visits.
Users may receive a personalized understanding of their sleep habits using advanced analytics and AI algorithms. This enables customized suggestions to enhance sleep quality and general well-being.
The analysts at Future Market Insights opined that when they analyzed the home sleep screening devices market for 4 years, 2019 to 2023, it gained an 8.40% CAGR. This has the probability to gradually reduce to 4.30 CAGR during a span of 10 years, from 2024 to 2034.
| Historical CAGR (2019 to 2023) | 8.40% |
|---|---|
| Forecast CAGR (2024 to 2034) | 4.30% |
Escalating sleep disorders globally to push manufacturers towards developing advanced and integrated home sleep screening devices. Various reasons, such as lifestyle decisions, excessive screen time, and irregular sleeping patterns, can cause sleep disruptions.
Psychological factors like stress, depression, and anxiety are just as important as physical conditions like persistent pain and sleep apnea to cause sleep troubles. Sleep disorders can result from environmental variables that disturb sleep patterns, such as noise and unpleasant sleeping surroundings, which can affect the overall quality of sleep.
Consumers are in dire need of effective readings of their sleep cycles and also the various phases of the sleep cycle. They opt for wearables that can effectively track their deep sleep, light sleep, REM, and awake timings. The market payers are thus working towards improving these features in their devices.
Better Diagnosis of Health Patterns and Sleep Disorders to Push Demand
Digital tools that record bio signals and multidimensional sleeping data, such as consumer wearable and unwearable sleep devices (e.g., smartwatches, wristbands, and rings), have great potential for use in clinical settings, particularly within the safety net health system.
These are reasonably priced devices that allow patients and healthcare professionals to share information and receive real time feedback. Medical practitioners can also monitor and detect patients' sleep wake patterns, which improves treatment responses and recovery.
They may positively affect clinic level outcomes, such as cost and staffing. Market players, including both fitness brands and healthcare accessory brands, are leveraging the features of these devices to get precise and exact results.
Home Sleep Screening Devices face Glitches Regarding the Sleep Pattern Recordings
Consumers doubt the accuracy of the data. This can be a serious concern for the market players. For instance, in the case of wearable devices, sleep tracking may malfunction at times if the band or the ring is not tightly in touch with the skin. This will deter the device from getting a proper reading and, hence, wrong outcomes. Market players thus need to make these more efficient.
Being at rest does not mean a person is sleeping. Some of these home sleep screening devices face glitches as they start to record to sleep cycle, even when the user is sitting on a couch or going for a spa session.
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This section provides a detailed analysis of two particular market segments for the home sleep screening device, the dominant product type, and the significant indication. The two main segments discussed below are wearables and sleep apnea.
| Product Type | Wearables |
|---|---|
| Market Share in 2023 | 61.10 |
In 2023, the wearable devices acquired a significant market share of 61.10% globally. The consumer trend is towards wearable devices in this market rather than the other product types. The common types of wearables are bands and rings. They are built with embedded actigraphy to monitor actions, pulse, and continuous blood oxygen saturation.
The heart rate variability, oxygen desaturation index, sleep phases, and surrogates for sleep vs wake duration may all be calculated using these measures.
The market players offer a universal charging connector for these devices, and is available in small, medium, and large sizes. Users may see a brief overview of their oxygen desaturation frequency, sleep stage distribution, and sleep architecture via a linked mobile app.
| Indication | Apnea |
|---|---|
| Market Share in 2024 | 33.60% |
In 2023, the home sleep screening device was dominantly used to detect sleep apnea. In this condition, regular breathing malfunctions, restricting oxygen flow throughout the body.
With the screening devices, the breathing patterns can be effectively investigated, along with sleep wake timings and REM timings. This will help a medical practitioner to detect how acute sleep apnea is and how to start the treatment.
This section will detail the home sleep screening device markets in key countries, including the United States, Germany, Spain, India and Thailand. The below section will emphasize the reasons that are pushing growth in each of the regions.
| Countries | CAGR from 2024 to 2034 |
|---|---|
| The United States | 1.60% |
| Germany | 4.30% |
| Spain | 4.70% |
| India | 5.60% |
| Thailand | 4.30% |
Demand will automatically increase if it satisfies the consumers. Many Americans are interested in utilizing technologies like wearable technology or smartphone applications to track and learn about their sleeping habits to maximize the quality of their sleep.
An electronic sleep tracker has been used by more than one third of Americans (35%), according to a 2023 poll conducted by the American Academy of Sleep Medicine.
Around 77% of those who tried one said the sleep tracker was useful, and 68% said they modified their behavior due to what they learned. Customer satisfaction is pushing the demand in the United States with a 1.60% CAGR through 2034.
The home sleep screening device market in Germany is expected to expand with a 4.30% CAGR through 2034. German consumers, who are renowned for having an eco-conscious attitude, prioritize environmentally friendly items.
This niche market group is drawn to energy efficient, recyclable, or eco-friendly packaged home sleep screening equipment, which drives demand from customers who care about the environment.
A sustainable home sleep screening device becoming increasingly popular is the "Withings Sleep Analyzer" from Withings, a well-known business for its innovative health tech goods. Withings' dedication to sustainability is shown in the Sleep Analyzer's eco-friendly construction and packaging, which offers customers innovative sleep tracking capabilities.
The home sleep screening device industry in Spain is anticipated to reach a 4.70% CAGR from 2024 to 2034. As the prevalence of sleep apnea rises, so will demand for anti-snoring devices that may additionally mitigate it.
Spain's higher medical expenses have also raised consumer demand for reasonably priced, useful self-care items, such as anti-snoring devices.
The home sleep screening device ecosystem in India will likely evolve with a 5.60% CAGR during the forecast period. A unique combination of mounting obstructive sleep apnea (OSA) cases and restricted access to specialty sleep clinics contributes to the need for home sleep screening devices in India.
By filling in the infrastructural gap in healthcare and raising awareness of sleep health in general, home screening devices offer a practical and affordable way for people to evaluate the quality of their sleep and identify possible sleep disorders like OSA.
The importance of holistic wellness practices in Thai culture is one of the distinctive factors generating demand for home sleep diagnostic equipment. Thai culture strongly values preserving harmony and balance in all aspects of life, including sleep quality.
People are becoming more interested in using contemporary technologies that promote general well-being, which is why home sleep diagnostic tools are becoming more and more common among those looking to improve their overall health and energy. This has pushed the CAGR of Thailand home sleep screening devices industry to 4.30% through 2034.
Players in the home sleep screening device market seek scalability in many ways. To cut expenses and boost production efficiency, companies are streamlining their processes. Reaching a wider market is made possible by growing distribution networks.
Increased marketing initiatives and brand building projects aim to increase customer trust and brand awareness. Strategic alliances with IT companies and healthcare providers provide solutions that meet client demands. When taken as a whole, these strategies help market players remain competitive and scalable within the sector.
The key players in this market include:
Key Development by Market Players
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.30% from 2024 to 2034 |
| Market value in 2024 | USD 3,763.10 million |
| Market value in 2034 | USD 5,733.10 million |
| Base Year for Estimation | 2023 |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | USD million for value |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Application, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Koninklijke Philips N.V.; Fitbit Inc.; Huami Corporation; Garmin Ltd.; Fossil Group, Inc.; Huawei Technologies Co., Ltd.; ResMed Inc.; Responsive Surface Technology LLC; Simmons Bedding Company LLC; Dreams, Cleveland Medical Devices Inc.; NovaSom, Itamar Medical Ltd; Ez Sleep; ApneaMed; SleepWorks LLC; VirtuOx Inc. |
| Customisation Scope | Available on Request |
The home sleep screening device market is to garner a 4.30% CAGR from 2024 to 2034.
By 2024, the global home sleep screening device market will reach USD 3,763.10 million.
By 2034, the home sleep screening device market is poised to reach USD 5,733.10 million.
The home sleep screening device industry in the United States to expand at a 1.60% CAGR during the forecast period.
The wearables home sleep screening devices will gain prominence with a 61.10% market share in 2023.
Home sleep screening devices will mostly indicate sleep apnea, with a 33.60% market share in 2023.
| Market Estimated Value (2023) | USD 4.81 billion |
|---|---|
| Market Estimated Value (2033) | USD 9.27 billion |
| Market Value CAGR (2023 to 2033) | 6.8% |
| Market Size (2023) | USD 8.2 billion |
|---|---|
| Market Size (2033) | USD 20.4 billion |
| Market CAGR (2023 to 2033) | 9.5% |
| Market Value (2022) | USD 450.3 Million |
|---|---|
| Market Value (2032) | USD 645 Million |
| CAGR (2022 to 2032) | 4.7% |
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Home Sleep Screening Device Market
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