Polysomnography Devices Market Expected to Grow by $189.9 Million Between 2024 and 2028, Favorable Reimbursement Scenario Boosts Market, Technavio

NEW YORK, July 8, 2024 /PRNewswire/ — The global market for polysomnography devices is expected to grow by $189.9 million from 2024 to 2028, according to Technavio. The market is estimated to grow at a compound annual growth rate (CAGR) of 6.79% during the forecast period. Favorable reimbursement scenario is driving the market growth, with a trend towards advancement in polysomnography devices. However, alternatives to polysomnography devices pose a challenge. Key market players include Advin Health Care, BMC MEDICAL CO. LTD., Cadwell Industries Inc., Cleveland Medical Devices Inc., Compumedics Ltd., Contec Medical Systems Co. Ltd., Genotronics, Koninklijke Philips NV, Lowenstein Medical Technology GmbH and Co. KG, MEDATEC Medical Data Technology SPRL BVBA, Medicom MTD Ltd, Natus Medical Inc., Neurosoft, Neurovirtual USANihon Kohden Corp., Nox Medical, Recorders and Medicare Systems Pvt Ltd, ResMed Inc., SOMNOmedics GmbH and Vyaire Medical Inc.

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Market driver

Polysomnography devices have made significant progress, with portable and wearable options becoming a popular trend. For example, Cleveland Medical Devices’ Sapphire PSG offers a complete sleep study system with 22 channels, wireless hardware, and Crystal PSG software for managing patient data. Its wireless design makes it easy to diagnose sleep with the patient, remotely, or without the patient, increasing patient comfort and mobility. SOMNOtouch RESP from SOMNOmedics is another innovation, equipped with Intelligent Connect technology that recognizes multiple sensors. With integrated sensors for flow and snoring, stress, SpO2, heart rate, plethysmogram, body position, movement, and CPAP/BiPAP pressure, as well as external ECG, EEG, EOG, EMG, and AUX sensors, this device combines a polysomnography with a polygraph. Its small size makes it convenient to use at home or in an outpatient setting. The unique features of these devices and their software make them increasingly efficient in hospitals, sleep clinics/laboratories, ASCs and home use, contributing to the growth of the global polysomnography device market.

The polysomnography market is witnessing significant growth due to the increasing prevalence of sleep disorders and advancement in sleep monitoring technology. Sleep disorder diagnostics is a key trend in this market, with sleep study devices and tools becoming essential sleep study equipment for analyzing sleep disorders. PSG devices, including EEG devices and breathing monitors, are popular sleep study solutions for assessing sleep quality and analyzing sleep apnea. Sleep monitoring solutions, such as sleep apnea tests and sleep apnea monitors, are in high demand for the assessment and treatment of sleep apnea. The sleep diagnostic device market continues to expand, offering innovative sleep monitoring technology and sleep pattern analysis for better patient care.

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Market challenges

• Polysomnography devices are widely used in the diagnosis and treatment of obstructive sleep apnea (OSA). However, alternatives such as home sleep apnea testing (HSAT) and limited channel monitoring have emerged as viable options. HSAT is a popular choice for patients who prefer to undergo testing at home, offering similar efficacy to polysomnography in detecting OSA. HSAT is not inferior to conventional polysomnography in terms of titration pressures, CPAP compliance, functional outcomes, and duration of treatment. The main advantages of HSAT are its convenience and comfort, requiring fewer tubes, and allowing testing to be performed at the patient’s home. Another alternative, limited channel monitoring, focuses on recording fewer physiological signals, primarily blood oxygen levels and respiration. Although it cannot accurately observe sleep, it estimates sleep through body movements using actigraphy. This method is suitable for patients with other conditions and as a follow-up after OSA treatment. Limited channel monitoring provides a more comfortable sleep environment and is less expensive than polysomnography. The availability of these alternatives may hinder the growth of the global polysomnography devices market during the forecast period.
• The polysomnography market includes various diagnostic tools and sleep monitoring solutions. Diagnosing sleep disorders is a major challenge that requires advanced sleep technology and devices such as sleep study tools, test equipment, and analysis tools. PSG devices, including EEG devices and respiratory monitoring devices, play a key role in the analysis and evaluation of sleep apnea. Sleep monitoring solutions provide valuable information on sleep quality assessment and sleep pattern analysis. The market continues to grow, offering innovative sleep apnea testing and treatment, as well as sleep laboratory equipment and sleep monitoring devices. Companies in this sector aim to improve sleep disorder diagnostics and provide comprehensive sleep disorder analysis for better patient care.

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Segment Overview

This Polysomnography Devices market report discusses in detail the market segmentation by

1. App

• 1.1 Hospitals
• 1.2 Sleep clinics and diagnostic laboratories
• 1.3 ASC
• 1.4 Home care

Type

• 2.1 Outpatient polysomnography devices
• 2.2 Clinical polysomnography devices

Geography

• 3.1 North America
• 3.2 Europe
• 3.3 Asia
• 3.4 Rest of the World (ROW)

1.1 Hospitals- Hospitals play a significant role in the polysomnography device market due to their advanced capabilities in treating sleep disorders. Hospital sleep centers, also known as hospital sleep labs or clinics, offer several advantages over home and stand-alone sleep centers. These facilities are equipped with specialized technicians and advanced equipment, ensuring accurate diagnoses and effective treatment plans. Hospitals are especially beneficial for patients with comorbidities such as obstructive respiratory problems, cardiac issues, or obesity, as they provide specialized beds, furniture, and emergency care. Moreover, hospitals have immediate access to oxygen therapy and physicians from various specialties, providing comprehensive care to patients. As a result, the hospital segment contributes the largest share of revenue in the global polysomnography device market due to its excellent capabilities and comprehensive services.

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Research analysis

The polysomnography device market refers to the industry that manufactures and supplies sleep monitoring devices, also known as PSG devices, for diagnosing and analyzing various sleep disorders. These diagnostic tools, which include EEG devices and breathing monitoring devices, are essential for analyzing sleep patterns and testing for sleep apnea. Sleep study equipment such as PSG devices are used to conduct comprehensive sleep studies, providing valuable information on the different stages of sleep and any potential disorders. Monitoring solutions such as sleep apnea monitors and sleep apnea treatment devices help patients manage their conditions at home. Overall, the polysomnography device market plays a key role in improving sleep health and quality of life for people with sleep disorders.

Market Research Review

The polysomnography device market encompasses a range of diagnostic tools and monitoring solutions used in the analysis of sleep disorders. These devices, also known as sleep monitoring devices or PSG devices, include EEG machines for analyzing brain waves, breathing monitoring devices for tracking breathing patterns, and sleep apnea monitors for assessing sleep apnea. Sleep study equipment and sleep lab equipment are used in clinical settings for comprehensive sleep analysis. Sleep pattern analysis and sleep disorder diagnosis are key features of these devices. Sleep monitoring technology has advanced significantly, leading to the development of sleep study devices, sleep study tools, and sleep testing equipment that offer high accuracy and user-friendly designs. Sleep analysis tools and sleep study monitors enable the assessment of sleep quality and testing for sleep disorders, while sleep apnea analysis and sleep apnea assessment tools help identify and treat sleep apnea. Overall, the polysomnography device market is fulfilling the growing demand for effective solutions for the diagnosis and treatment of sleep disorders.

Contents:

1 Summary
2 Market landscape
3 Determining the size of the market
4 Historical market size
Analysis of the 5 Five Forces
6 Market segmentation

• App
• Hospitals
• Sleep Clinics and Diagnostic Laboratories
• ASC
• Home care
• Type
• Outpatient polysomnography devices
• Clinical polysomnography devices
• Geography
• North America
• Europe
• Asia
• Rest of the World (RW)

7 Customer Landscape
8 Geographical landscape
9 drivers, challenges and trends
10 Company Landscape
11 Company Analysis
12 Attachment

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Source Technavio