Sleep Testing Services Market Share Analysis, COVID-19 Impact, Regional Insights, Growth Insights, Future Trends and Industry Dynamics By 2023
Research Reports
Dec 29, 2020
Sleep Testing Services Market Research Report: by Diagnostic Services (Home Sleep Testing, In-Lab Sleep Testing), by Treatment Monitoring Services (Obstructive Sleep Apnea, Insomnia, Narcolepsy, Others), by End User (Hospitals, Other) – Global Forecast Till 2023
Sleep Testing Services Market Segmentation
The segment assessment of the sleep testing services market is done by treatment monitoring services, diagnostic services, and end user.
The diagnostic services based segment of the sleep testing services are in-lab sleep testing and home sleep testing. In-lab sleep testing sub-segments are full polysomnography, electroencephalogram, multiple sleep latency test (MSLT), CPAP/BiPAP Titration, and maintenance of wakefulness test (MWT).
The treatment monitoring services based segments of the sleep testing services market are insomnia, obstructive sleep apnea, circadian rhythm disorders, restless legs syndrome, rapid eye movement (REM), and narcolepsy among other sleep disorder.
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The end user based segments of the sleep testing services market are sleep centers, hospitals, and home care settings among others. The hospitals segments can secure the highest share of global market due to increase in-patients populace in hospitals for numerous aliments. The increase in the number of sleep centers and rise in awareness among patients about sleep centers can bolster the expansion of the market through the analysis period.
Sleep Testing Services Market Regional Analysis
In the Americas, the sleep testing service market can rise due to the high prevalence of different sleep disorders. The lifestyle of people is one of the prime cause of sleeping ailments. Increase in stress and poor diet are creating the need for sleep testing services. Their growing awareness and significance among people in the region can bolster the rise of Americas sleep testing service market through the assessment period. In the EU region, a considerable number of people are impacted with narcolepsy. Disturbed sleep-wake cycle in a person not only impact health, it also hampers professional productivity.
As the willingness to enjoy a better life increase among people, Europe sleep testing service market can rise exponentially. As per MRFR regional assessment, the market in EU can secure the second largest share in the global market. In the APAC region, the rise in cognizance about sleep testing services among a large insomnia populace, especially among teenagers, can promote the market. APAC sleep testing market can experience rapid rise in its valuation as these services are widely applied for highly prevailing other sleep disorders, such as restless leg syndrome. In Middle East and Africa, the market can expand at a steady pace.
Sleep Testing Services Market Highlights
Market Research Future (MRFR) analysed the global sleep testing services market 2020 across the assessment period 2018 – 2023. As per MRFR study, the sleep testing services market can thrive at 13.2% CAGR in the study period. The estimated value of the sleep testing services market is USD 5.9 Bn by 2023. The rise in prevalence of sleep ailments and increase in wellness consciousness among people are factors that are creating the need for sleep testing services.
This can support the rise of the sleep testing market through the assessment period. The diagnose of sleep disorders is done by non-invasive means, such as breathing patterns, recording heart rate, eye movements, brain waves, and leg movements among other. This is responsible for their growing popularity among people, which, in turn, can boost the market rise in the approaching years. The increase in modern technical assistance to provide sleep testing services among a prevalent populace of sleep disorders patient can improve the momentum of the market over the analysis period.
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Sleep Testing Services Market Key Players
Medical Service Company, St. Luke’s, Sleep Services Australia, Midwest Sleep Diagnostics, Inc., GenesisCare, Total Sleep Holdings, Inc., SleepMed, Carolinas Sleep Services, SOVA Sleep Services, HomeSleep, LLC, and SleepWorks, LLC among others are some companies that operating in the sleep testing services market that are listed by MRFR.
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