Market Overview:
The global sleep testing services market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of sleep disorders, rising awareness about sleep health, and technological advancements in the field of sleep diagnostics. The diagnostic services segment is expected to account for the largest share of the global sleep testing services market in 2018. This segment is projected to grow at a CAGR of 8% from 2018 to 2030. The treatment monitoring segment is projected to grow at a CAGR of 6% from 2018to 2030.
Product Definition:
Sleep testing services are medical procedures that are used to diagnose and treat sleep disorders. These services can include polysomnography, which is a test that measures a person's brain waves, heart rate, breathing, and eye movements during sleep. Other tests may also be used to determine the cause of a person's sleep problems. Sleep testing services can be important for diagnosing and treating conditions such as narcolepsy, obstructive sleep apnea, and insomnia.
Diagnostic Services:
Diagnostic services are used by physicians to identify the cause of a disease or determine the nature of a medical condition. The factors that propel the growth of this market include increasing prevalence of sleep disorders, growing awareness about these disorders and technological advancements in diagnostic equipment.
Treatment Monitoring:
Treatment monitoring is a process wherein the healthcare professional regularly monitors the patient's condition to treat them. In case of sleep disorders, treatment monitoring includes checking and analyzing the patient’s sleep pattern using various devices like polysomnography (PSG), actigraphy, or Sleep Heart Rate (SHR) monitor.
Application Insights:
Based on application, the market is segmented into hospitals, sleep centers and home care settings. The hospitals segment dominated the global market in 2017 owing to increasing prevalence of diseases such as cancer, respiratory disorders and diabetes which require regular checkups at a hospital. Furthermore, an increase in number of surgeries results in increased demand for overnight stay at a hospital which subsequently boosts product adoption.
The home care settings segment is expected to witness significant growth over the forecast period due to rising awareness about better sleeping habits among older population who were previously diagnosed with chronic conditions such as heart disease or high blood pressure that required lifelong medical management by their doctors. As per National Health Statistics (NHS), one out of five adults aged 65 years or above have some form of disability that affects their daily lives; this number increases to around two out of three seniors aged 85 years and above living alone.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high adoption rate of advanced technologies, and well-established healthcare infrastructure. Moreover, increasing prevalence of sleep disorders is also expected to drive regional growth over the forecast period. For instance, according to a study published in The Journal Of Clinical Sleep Medicine And Neurology (2017), around 50 million adults in U.S had some form of sleep disorder while another study conducted by National Center for Health Statistics and CDC reported that around 60% population aged 6 - 19 years were sleeping less than 7 hours per night on average during 2016 - 2017 period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to rising geriatric population with chronic diseases such as diabetes.
Growth Factors:
- Increasing prevalence of sleep disorders: The global prevalence of sleep disorders is increasing at a rapid pace. This is primarily attributed to the changing lifestyle and growing stress levels. According to a study by the World Health Organization (WHO), around 50-70 million people in Europe suffer from chronic insomnia, which is a major contributor to various health problems. This provides immense growth potential for the sleep testing services market.
- Rising awareness about sleep health: There is an increasing awareness among people about the importance of good quality sleep for overall health and well-being. In addition, there is also growing demand for diagnostic and treatment services for various types of sleep disorders such as obstructive apnea, narcolepsy, restless leg syndrome, etc. This is expected to drive the growth of thesleep testing services market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sleep Testing Services Market Research Report
By Type
Diagnostic Services, Treatment Monitoring
By Application
Hospitals, Sleep Centers, Home Care Settings
By Companies
Midwest Sleep Services, SleepMed, Medical Service, Sleep Services, Genesis SleepCare, Total Sleep
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Sleep Testing Services Market Report Segments:
The global Sleep Testing Services market is segmented on the basis of:
Types
Diagnostic Services, Treatment Monitoring
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Sleep Centers, Home Care Settings
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Midwest Sleep Services
- SleepMed
- Medical Service
- Sleep Services
- Genesis SleepCare
- Total Sleep
Highlights of The Sleep Testing Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Diagnostic Services
- Treatment Monitoring
- By Application:
- Hospitals
- Sleep Centers
- Home Care Settings
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sleep Testing Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sleep testing services are a type of sleep disorder treatment that help people with sleep problems get the most restful nights possible. Sleep testing can include tests to measure how well someone is sleeping, as well as advice on how to improve their sleep habits.
Some of the major companies in the sleep testing services market are Midwest Sleep Services, SleepMed, Medical Service, Sleep Services, Genesis SleepCare, Total Sleep.
The sleep testing services market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sleep Testing Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sleep Testing Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sleep Testing Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sleep Testing Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sleep Testing Services Market Size & Forecast, 2020-2028
4.5.1 Sleep Testing Services Market Size and Y-o-Y Growth
4.5.2 Sleep Testing Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Diagnostic Services
5.2.2 Treatment Monitoring
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Sleep Centers
6.2.3 Home Care Settings
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sleep Testing Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sleep Testing Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Diagnostic Services
9.6.2 Treatment Monitoring
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Sleep Centers
9.10.3 Home Care Settings
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Diagnostic Services
10.6.2 Treatment Monitoring
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Sleep Centers
10.10.3 Home Care Settings
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Diagnostic Services
11.6.2 Treatment Monitoring
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Sleep Centers
11.10.3 Home Care Settings
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Diagnostic Services
12.6.2 Treatment Monitoring
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Sleep Centers
12.10.3 Home Care Settings
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Diagnostic Services
13.6.2 Treatment Monitoring
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Sleep Centers
13.10.3 Home Care Settings
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sleep Testing Services Market: Competitive Dashboard
14.2 Global Sleep Testing Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Midwest Sleep Services
14.3.2 SleepMed
14.3.3 Medical Service
14.3.4 Sleep Services
14.3.5 Genesis SleepCare
14.3.6 Total Sleep
