The global sleep apnea diagnostic systems market has reached a valuation of US$ 4.81 billion in 2023, with a projected CAGR of 6.8% from 2023 to 2033. By 2033, the market is anticipated to reach US$ 9.27 billion.
Working in shifts and stressful work environments cause sleep apnea, and various technological advancements in sleep apnea diagnostics devices are driving the growth of the global market for sleep apnea diagnostic systems.
Sleep apnea diagnostic systems face challenges from high costs and limited awareness, yet untapped opportunities in developing economies hold promise.
| Attribute | Details |
|---|---|
| Sleep Apnea Diagnostic Systems Market Estimated Value (2023) | US$ 4.81 billion |
| Sleep Apnea Diagnostic Systems Market Estimated Value (2033) | US$ 9.27 billion |
| Sleep Apnea Diagnostic Systems Market Value CAGR (2023 to 2033) | 6.8% |
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The sleep apnea diagnostic systems market is mainly driven by increasing cases of sleep disorders and lifestyle disorders such as cardiovascular diseases, diabetes, obesity, and depression.
As per the FMI’s analysis, the global sleep apnea diagnostic systems demand was anticipated to reach a valuation of US$ 3.42 billion with a CAGR of 5.7% from 2018 to 2022.
With the healthcare industry tapping into next-generation technologies while assisting the development of advanced oral sleep apnea diagnostic systems, the market is anticipated to gain momentum over the forecast period.
Burgeoning demand for advanced polysomnography (PSG) devices within hospitals and sleep centers encourage the adoption of PSG devices and sleep apnea diagnostic systems over the coming years.
Other trends that are propelling the growth are rising favorable government initiatives, private organizations’ increased investment, and the rising prevalence of cardiovascular diseases and diabetes across the globe.
Lack of awareness about sleep disorders and social stigma related to mental health issues and sleep disorders are likely to limit the growth of sleep apnea diagnostic systems market.
However, with the increasing penetration of advanced technology coupled with the rising cases of undiagnosed and untreated sleep apnea, the demand for sleep apnea diagnostic systems likely accelerates over the coming years.
Based on these aforementioned factors, the market has been forecasted to exhibit steady growth, registering a CAGR of over 6.8% during the forecast period.
Principal Consultant
This collaborative approach enhances market growth by addressing the needs of the undiagnosed sleep apnea patient population.
Rising incidence of sleep disorders such as sleep apnea, sleep walking and others have improved the adoption of sleep apnea diagnostic systems across the United States of America.
As per Future Market Insights, the market in the United States of America is anticipated to be a highly lucrative market during the forecast period, with a value share of 48.0% in 2022.
As cases of cardiovascular diseases, diabetes, and other lifestyle disorders are surging, prevalence of sleep apnea is expected to soar simultaneously.
Due to the rising burden of various healthcare concerns, adoption of sleep apnea diagnostic systems has surged across the United States of America. Favorable government policies, and investments for the development of advanced diagnostic systems further the adoption over the coming years.
According to FMI, the China market is expected to witness impressive growth rate of 7.4% from 2023 to 2033 due the technological advancements in the healthcare sector. Demand for PSG devices is expected to surge in China due to the rising cases of sleep apnea.
The incidence of diabetes, anxiety, depression, and other diseases is on the rise, which has raised the risk of sleep disorders in patients. Due to this, the adoption of advanced PSG devices for the diagnosis of sleep apnea has increased across healthcare facilities in China.
The sales of sleep apnea diagnostic systems in India are supported by several unique factors that are facilitating the country’s anticipated growth rate of 6.7% from 2023 to 2033.
The increasing awareness among the general population and healthcare professionals about sleep disorders and their consequences have led to a greater demand for diagnostic systems.
The expansion of healthcare infrastructure and the availability of advanced technology in urban areas have made sleep apnea diagnostic systems more accessible to patients across the country.
Market growth is also fostered by the growing focus on preventive healthcare and early diagnosis that has spurred the adoption of these systems, promoting sales in the Indian market.
The growing adoption of telemedicine and digital health platforms in India has played a significant role in supporting the sales of sleep apnea diagnostic systems.
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Actigraphy monitoring devices are highly sought-after due to their non-invasive nature and ability to provide objective and long-term data on sleep and activity patterns.
These devices offer a convenient and comfortable way to gather accurate information without disrupting an individual's sleep routine.
The market demand for actigraphy monitoring devices is driven by the growing awareness and recognition of the importance of sleep health, fostering the sub-segments value share of 39.68% in 2022.
Sleep disorders have become a global health concern, leading to an increased need for reliable and efficient methods of assessing sleep patterns.
Actigraphy devices provide an objective assessment of sleep parameters, such as sleep duration and efficiency, which helps clinicians and researchers identify sleep disorders, evaluate treatment outcomes, and monitor sleep patterns over time.
The adoption of sleep apnea diagnostic systems is anticipated to remain the maximum at sleep centers and clinics during the forecast period. As per Future Market Insights, sleep centers and clinics segment is expected to account for over 38.93% of the global market share.
Due to the rising incidence of sleep apnea across the globe, patients prefer sleep centers and clinics as they’re equipped with all the analysis and diagnostic systems. However, a shift in preference towards home sleep testing (HST) devices is expected to present new growth opportunities from the at-home care setting segment over the coming years.
FMI projects rapid growth of the sleep apnea diagnostic systems market from hospitals, driven by the high adoption of these systems for in-lab testing. Furthermore, the sleep apnea diagnostic system is anticipated to witness impressive traction in home care settings.
Prominent players operating in the sleep apnea diagnostic systems market are focusing on product innovation and introduction to increase their sales. As per FMI, Koninklijke Philips N.V. and ResMed Inc. are the leading players dominating the market.
Leading players continue to address the unmet needs in the market through inorganic strategies such as mergers and acquisitions.
Increasing research & development activities for the development of advanced sleep apnea diagnostic systems likely open up lucrative opportunities for market players.
Strategies by Players:
Developments in the Market:
Technological advancements in the healthcare sector are growing the demand in China.
The market is likely to reach US$ 9.27 billion by 2033.
The growing prevalence of untreated sleep apnea is driving the market growth.
The market captured 5.7 CAGR between 2018 and 2022.
The sleep centers and clinics sector is likely to hold high revenue potential.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Polysomnography (PSG) Devices
5.3.1.1. Ambulatory PSG Monitoring Devices
5.3.1.2. Clinical PSG Monitoring Devices
5.3.1.3. Sleep Apnea Screening Device
5.3.2. Nasal Flow Sensors
5.3.3. Peripheral Capillary Oxygen Saturation (SPO2)
5.3.4. Actigraphy Monitoring Devices
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By End-User Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-User Type, 2023 to 2033
6.3.1. Home Care Settings
6.3.2. Hospitals
6.3.3. Sleep Centers & Clinics
6.4. Y-o-Y Growth Trend Analysis By End-User Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End-User Type, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Product
8.2.3. By End-User Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product
8.3.3. By End-User Type
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product
9.2.3. By End-User Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By End-User Type
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Product
10.2.3. By End-User Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By End-User Type
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Product
11.2.3. By End-User Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By End-User Type
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Product
12.2.3. By End-User Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By End-User Type
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Product
13.2.3. By End-User Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By End-User Type
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Product
14.2.3. By End-User Type
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product
14.3.3. By End-User Type
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Product
15.1.2.2. By End-User Type
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Product
15.2.2.2. By End-User Type
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Product
15.3.2.2. By End-User Type
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Product
15.4.2.2. By End-User Type
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Product
15.5.2.2. By End-User Type
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Product
15.6.2.2. By End-User Type
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Product
15.7.2.2. By End-User Type
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Product
15.8.2.2. By End-User Type
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Product
15.9.2.2. By End-User Type
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Product
15.10.2.2. By End-User Type
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Product
15.11.2.2. By End-User Type
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Product
15.12.2.2. By End-User Type
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Product
15.13.2.2. By End-User Type
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Product
15.14.2.2. By End-User Type
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Product
15.15.2.2. By End-User Type
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Product
15.16.2.2. By End-User Type
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Product
15.17.2.2. By End-User Type
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Product
15.18.2.2. By End-User Type
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Product
15.19.2.2. By End-User Type
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Product
15.20.2.2. By End-User Type
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Product
15.21.2.2. By End-User Type
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Product
15.22.2.2. By End-User Type
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Product
15.23.2.2. By End-User Type
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product
16.3.3. By End-User Type
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Koninklijke Philips N.V.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Becton, Dickinson and Company
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Braedon Medical Corporation
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Advanced Brain Monitoring Inc.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. SOMNOmedics GmbH
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. ResMed Inc.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. BMC Medical Co. Ltd.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Natus Medical Incorporated
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. MGC Diagnostics Corporation
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Cleveland Medical Devices Inc.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Sleep Apnea Diagnostic Systems Market
