The wireless polysomnography market size is projected to be worth USD 197.7 million in 2023. The market is likely to surpass USD 329.8 million by 2033 at a CAGR of 5.2% during the forecast period.
The phases and cycles of sleep are monitored using polysomnography equipment. Modern polysomnography (PSG) equipment may remotely communicate data to medical professionals for processing.
In the upcoming years, the availability of both portable and stationary devices is predicted to drive market growth. Devices that are small and portable are becoming more popular. For market participants, the creation of software with precise and thorough analytical capabilities is anticipated to provide profitable development potential.
Other Drivers Propelling the Demand for Wireless Polysomnography include:
Challenges for Companies /Manufacturers in the Wireless Polysomnography Market:
Opportunities in the Wireless Polysomnography Industry:
Latest Trends in the Wireless Polysomnography Market:
| Attributes | Details |
|---|---|
| Wireless Polysomnography Market Size (2023) | USD 197.7 million |
| Wireless Polysomnography Market Projected Size (2033) | USD 329.8 million |
| Value CAGR (2023 to 2033) | 5.2% |
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From 2012 to 2022, the global wireless polysomnography market experienced a CAGR of 3.6%, reaching a market size of USD 197.7 million in 2023.
From 2012 to 2022, the global wireless polysomnography industry witnessed steady growth due to the greater mobility and ease of use. Polysomnography was mostly performed in sleep labs using wired equipment.
Wireless PSG systems were designed to provide a more convenient and comfortable option. Because of their greater mobility and ease of use, wireless PSG systems have grown in popularity. Adoption in sleep clinics and hospitals has increasing.
Wireless communication and sensor technology advancements have greatly expanded the possibilities of wireless PSG systems. As a result, data gathering, analysis, and patient comfort have all improved.
Future Forecast for Wireless Polysomnography Industry:
Looking ahead, the global wireless polysomnography industry is expected to rise at a CAGR of 5.2% from 2023 to 2033. During the forecast period, the market size is expected to reach USD 329.8 million by 2033.
The wireless polysomnography industry is expected to continue its growth trajectory from 2023 to 2033, driven by increasing prevalence of sleep apnea. Sleep disorders including sleep apnea and insomnia are growing increasingly common as a result of causes such as lifestyle changes, stress, and ageing populations. This trend is projected to boost future demand for wireless PSG systems.
Home-based sleep monitoring is becoming more popular as a way to improve patient comfort and convenience while lowering healthcare expenses. Wireless PSG devices are ideal for this application because they allow patients to complete sleep studies in the comfort of their own homes.
| Country | The United States |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 105.7 million |
| CAGR % 2023 to End of Forecast (2033) | 4.7% |
The wireless polysomnography industry in the United States is expected to reach a market size of USD 105.7 million by 2033, expanding at a CAGR of 4.7%. Wireless polysomnography is expected to see growth in the US market due to the increasing prevalence of sleep-related disorders.
The America Sleep Association estimates that between 50 and 70 million individuals in the USA have sleep apnea in 2021. In the United States, sleep problems are fairly common, thus a proper diagnosis is also quite important. As a result, the country is adopting wireless polysomnography equipment for medical diagnostics.
| Country | The United Kingdom |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 20.1 million |
| CAGR % 2023 to End of Forecast (2033) | 6.4% |
The wireless polysomnography industry in the United Kingdom is expected to reach a market value of USD 20.1 million, expanding at a CAGR of 6.4% during the forecast period. The United Kingdom market is projected to growth of the market due to the growing government initiatives and favorable policies.
The government of the United Kingdom has taken, or is preparing to take, a number of actions to combat obstructive sleep apnea cycle. In section 3.10, the government lists sleep apnea as an adult impairment. Such patients receive additional advantages, from education to therapy, removing any financial strain. The above-mentioned regulations all increased the need for wireless polysomnography.
| Country | China |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 21.1 million |
| CAGR % 2023 to End of Forecast (2033) | 6.0% |
The wireless polysomnography industry in China is anticipated to reach a market size of USD 21.1 million, moving at a CAGR of 6.0% during the forecast period. The wireless polysomnography industry in China is expected to grow prominently due to the increasing prevalence of sleep related disorders.
Obstructive sleep apnea and other sleep disorders are quite prevalent in China. According to the paper A narrative review of obstructive sleep apnea in China: A sleeping giant in disease pathology, in Heart Mind 2022, 176 million Chinese citizens suffer from obstructive sleep apnea. This rising prevalence contributes to the market growth for wireless polysomnography in the country.
| Country | Japan |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 15.2 million |
| CAGR % 2023 to End of Forecast (2033) | 5.7% |
The wireless polysomnography industry in Japan is estimated to reach a market size of USD 15.2 million by 2033, thriving at a CAGR of 5.7%. The market in Japan is predicted to grow because of the growing awareness and acceptance.
There is an increasing need for efficient treatment alternatives, such as polysomnography in the country as more individuals are becoming aware of the health dangers linked to disorders that cause sleep disorder issues. The elderly population in Japan is another significant market driver. The chance of developing sleep apnea rises with age, increasing the need for polysomnography.
| Country | South Korea |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 12.3 million |
| CAGR % 2023 to End of Forecast (2033) | 6.3% |
The wireless polysomnography industry in South Korea is expected to reach a market size of USD 12.3 million, expanding at a CAGR of 6.3% during the forecast period. In South Korea, sleeplessness is more common than earlier.
People who experience the symptoms of insomnia report a worsening of their quality of life in many areas and have a higher risk of developing other psychiatric illnesses. Thus, the rising incidence of insomnia is increasing people's knowledge of sleep problems, which is assisting the market's expansion.
Principal Consultant
The up-to 24 channel PSG systems is expected to dominate the wireless polysomnography industry with a CAGR of 4.4% from 2023 to 2033. Since there are more devices in the range of up to 24 channel PSG systems available than in the other product categories, this sector dominates the market for wireless polysomnography equipment.
The Ambulatory PSG segments are expected to dominate the wireless polysomnography industry with a CAGR of 5.6% from 2023 to 2033. This segment captures a significant market share in 2023.
Ambulatory PSG sleep tests are increasingly being used to diagnose sleep disorders. Ambulatory PSG allows to conduct of an overnight polysomnography assessment while the patient is still at home. These technologies provide sleep clinics with the flexibility of wireless and portable PSG systems by transporting sleep studies from the sleep clinic to the patient's home.
The Obstructive sleep apnea (OSA) segments is expected to dominate the wireless polysomnography industry with a CAGR of 4.7% from 2023 to 2033. As the occurrences of obstructive sleep apnea are increasing in comparison to the other sectors, this category is going to hold a considerable market share in 2023.
Polysomnography captures and classifies sleep phases, as well as the occurrence and duration of apneic and hypopneic episodes. It is useful for verifying OSA diagnosis and assessing OSA severity.
The sleep laboratories segment is expected to dominate the wireless polysomnography industry with a CAGR of 4.7% from 2023 to 2033. The increasing number of clinics sleep clinics or laboratories in the field of sleep medicine is a key factor due to which the sleep laboratories have been estimated to account for more than half of the share of the end user segment in the forecast period as well.
The wireless polysomnography sector is fiercely competitive, with many companies fighting for market dominance. To stay ahead of the competition in such a circumstance, essential players must employ smart techniques.
Key Strategies Used by the Participants
Product Innovation
Key players focus on developing and introducing innovative products to address unmet needs in the market. They invest in research and development to improve existing formulations, delivery systems, and enhance the efficacy and safety of the products
Strategic Partnerships and Collaborations
Key players often form strategic partnerships and collaborations with other companies, research institutes, or healthcare organizations, these partnerships allow for knowledge sharing, joint research and development efforts, and access to complementary technologies or expertise.
Expansion into Emerging Markets
Key players strive to expand their presence in different geographic regions to tap into new markets and reach a wider customer base. They may establish subsidiaries, distribution networks or strategic alliances in various countries to strengthen their market position.
Mergers and Acquisitions
Companies in the market may engage in mergers or acquisitions to consolidate their product portfolio, acquire new technologies, these strategic moves allow companies to enter new market segments, gain access to novel products or intellectual property, and achieve synergies in terms of research, manufacturing, or distributions.
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Key Developments in the Wireless Polysomnography Market:
The global wireless polysomnography industry is expected to hit a value of USD 197.7 million by 2023.
The wireless polysomnography demand is set to expand by 5.2% during the assessment period.
The Up-to 24 Channel PSG Systems is projected to hold the dominant share of the market.
The market is predicted to exceed USD 329.8 million by 2033.
The United States offers key opportunities for new entrants in the wireless polysomnography industry.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Value Added Insights 5. Market Background 6. Global Market Volume (in Units) Analysis 2012 to 2022 and Forecast, 2023 to 2033 7. Global Market - Pricing Analysis 8. Global Market Demand (in Value or Size in USD Million) Analysis 2012 to 2022 and Forecast, 2023 to 2033 9. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, By Product 9.1. Up-to 12 Channel PSG Systems 9.2. Up-to 24 Channel PSG Systems 9.3. Up-to 32 Channel PSG Systems 9.4. Above 32 Channel PSG Systems 10. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, By Application 10.1. Ambulatory Polysomnography 10.2. In-laboratory Polysomnography 11. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, By Therapeutic Indication 11.1. Obstructive Sleep Apnea 11.2. Narcolepsy 11.3. Chronic Insomnia 11.4. Others 12. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, By End User 12.1. Hospitals 12.2. Clinics 12.3. Sleep Laboratories 12.4. Home Care Settings 13. Global Market Analysis 2012 to 2022 and Forecast 2023 to 2033, by Region 13.1. North America 13.2. Latin America 13.3. Europe 13.4. South Asia 13.5. East Asia 13.6. Oceania 13.7. Middle East and Africa (MEA) 14. North America Market Analysis 2012 to 2022 and Forecast 2023 to 2033 15. Latin America Market Analysis 2012 to 2022 and Forecast 2023 to 2033 16. Europe Market Analysis 2012 to 2022 and Forecast 2023 to 2033 17. South Asia Market Analysis 2012 to 2022 and Forecast 2023 to 2033 18. East Asia Market Analysis 2012 to 2022 and Forecast 2023 to 2033 19. Oceania Market Analysis 2012 to 2022 and Forecast 2023 to 2033 20. Middle East and Africa Market Analysis 2012 to 2022 and Forecast 2023 to 2033 21. Market Structure Analysis 22. Competition Analysis 22.1. Nox Medical 22.2. Onera Technologies B.V. 22.3. SOMNOmedics GmbH 22.4. Recorders & Medicare Systems P Ltd. 22.5. VentMed Technology Medical Co. Ltd 22.6. Koninklijke Philips N.V. 22.7. Allengers Medical Systems Limited 22.8. Natus Medical Incorporated 23. Assumptions and Acronyms Used 24. Research Methodology
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Wireless Polysomnography Market
