Overview

Sleep Evaluation Devices Market Overview

Global sleep evaluation devices market to value over US $ 7 billion by 2027, and register a CAGR of over 10% during 2020-2027.

Improving and better understanding of sleep physiology and patho-physiology us an important goal for both medical and general wellness reasons. Till present the gold standard for monitoring sleep remains the laboratory polysomnogram, there is an interest in portable monitoring devices that provide an opportunity for assessing sleep in real-world environments such as the home. Portable devices allow repeated measurements, evaluation of temporal patterns. The portable devices include touch-free life care system, Bioharness, health vest (smart life tech), Radiofrequency monitor, smart shirt, wrist device (AMON) and Zio, etc.

Sleep apnea is the most common conditions which is associated with serious complications like stroke, metabolic syndrome, heart disease, and others. It also associated with the repetitive collapse of the upper airway and it is under-diagnosed due to lack of awareness. It is inadequately diagnosed and lead it to serious systemic complications. Increasing prevalence of sleep apnea in general population created a huge demand for sleep evaluation devices. Further, healthcare systems are taking a direct part in rising awareness in general awareness and fuelled the growth of the market. Because of this continuous effort, awareness is increasing rapidly in both population and clinicians. It further augmented by rapidly evolving technologies and led to the development of portable devices for continuous monitoring of sleep. It increased patient compliance and boosted the adoption of evaluation devices.

North America market is expected to witness high market share in the global market due to high awareness among the general population. It is followed by the European region and it accounts a significant share in the global market. Asia-Pacific region is expected to witness a high market growth rate during the forecast period due to a large number of the patient population. Asia Pacific region is dominated by local manufacturers and expected to remain the same throughout the forecast period. Latin America and Rest of the world market are expected to account a small fraction of market share due to lack of awareness.

Sleep Evaluation Devices market players include Allengers, Somno Medics, Cadwell, Natus, CleveMed, Medatec, Nox Medical, Neurosoft, and others

Sleep Evaluation Devices Market Trends, Share and Size

Sleep Evaluation Devices Market Segmentation

By Product Type

+ Polysomnography Device

+ CPAP/biPAP devices

+ ECG Devices

+ Pulse Oximeter

+ Snore microphone

+ Electroencephalogram

By End User

+ Hospitals

+ Sleep Centres

+ Clinics

+ Others

By Region

+ North America

+ Latin America

+ Europe

+ Asia Pacific

+ Rest of the World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global Market by Product Type, by End-User, and by Region

• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies