Sleep Testing Service Market Size, Share & Trend Report 2031
Sleep Testing Service Market Size, Share & Trend Report 2031
Segments - Sleep Testing Services Market by Service Types (Diagnostic Services [Home Sleep Testing, In-lab Testing, Electroencephalogram, Full Polysomnography, CPAP/BiPAP Titration, Multiple Sleep Latency Test (MSLT), Maintenance of Wakefulness Test (MWT)] and Treatment Monitoring [Obstructive Sleep Apnea, Insomnia, Restless Legs Syndrome, Circadian Rhythm Sleeping Disorders, Narcolepsy, Rapid eye Movement (REM) and Sleep Disorder]), End-users (Hospitals, Sleep Centers, and Home Care Settings), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-4477
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| 156 Pages
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Report Description
The global sleep testing services market size was valued at USD 7.06 Billion in 2022 and is anticipated to reach USD 19.74 Billion by 2031, expanding at a CAGR of 12.1% during the forecast period, 2023-2031. The sleep testing services are performed either home clinics or lab services during the night. The night is chosen by the technicians to keenly monitor the habits and routine of the patient.
The sleep apnea test engages several sensors to examine breathing rate, eye movement, airflow, heart rate, and oxygen level. The change in the lifestyle has led to unbalanced sleeping patterns, particularly among the working people. This has triggered sleeping disorders across the globe. This is estimated to increase the development of the sleep testing services market in the coming years.
Sleep Testing Services Market Trends, Drivers, Restraints, and Opportunities
- Growing awareness about the availability of treatments is poised to boost the revenue generation for the market players.
- Rising incidences of sleep disorders owing to unbalanced work schedules and unhealthy diet are considered as the key driving factors for the growth in the global sleep testing services market.
- High waiting time for acquiring sleep services is primary hindering the market in countries. For instance, in Canada, the waiting time is around 8-9 weeks, which has restrained the growth of the market.
- Lack of knowledge in underdeveloped and developing countries is anticipated to inhibit the market growth.
- Increasing consciousness about the availability of a variety of treatments and therapies for insomnia, narcolepsy, and other sleep disorders is estimated to boost the overall growth of the market.
Scope of Sleep Testing Services Market Report
The report on sleep testing services market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Sleep Testing Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Service Types (Diagnostic Services [Home Sleep Testing, In-lab Testing, Electroencephalogram, Full Polysomnography, CPAP/BiPAP Titration, Multiple Sleep Latency Test (MSLT), Maintenance of Wakefulness Test (MWT)] and Treatment Monitoring [Obstructive Sleep Apnea, Insomnia, Restless Legs Syndrome, Circadian Rhythm Sleeping Disorders, Narcolepsy, Rapid eye Movement (REM) and Sleep Disorder]), End-users (Hospitals, Sleep Centers, and Home Care Settings) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered |
Midwest Sleep Services Inc., SleepMed Inc., SOVA Sleep Services Inc., Medical Service Company, Sleep Services Australia, Genesis SleepCare, St. Luke’s Center of Sleep Medicine, Total Sleep Holdings Plc., and Carolinas Sleep Services |
Sleep Testing Services Market Segment Insights
Service Types Segment Analysis
In the terms of service types, the market can be bifurcated into diagnostic services and treatment monitoring. The diagnostic services segment can be further divided into home sleep testing, in-lab testing, electroencephalogram, full polysomnography, CPAP/BiPAP titration, multiple sleep latency test (MSLT), and maintenance of wakefulness test (MWT).
The treatment monitoring segment can be divided into obstructive sleep apnea, insomnia, restless legs syndrome, circadian rhythm sleeping disorders, narcolepsy, and rapid eye movement (REM) sleep disorder. The diagnostic services segment to account a major market share owing to higher adoption rate among patients. In the segment, the in-lab sleep testing sub-segment is expected to grow at rapid pace owing to higher accessibility.
End-users Segment Analysis
On the basis of end-users, the sleep testing services market can be segregated into hospitals, sleep centers, and home care settings. The hospitals segment to hold a substantial share in the global market owing to growing consciousness about the availability of a variety of treatments and therapies for insomnia and narcolepsy, among others.
Regional Analysis
Based on the regions, the sleep testing services market can be fragmented into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe to hold a significant share in the global market owing to the occurrence of a huge patient population in the region. Increasing government state bodies’ initiatives in the region are also showcasing a significant impact on the growth of the sleep testing services Market.
Segments
Service Types
- Diagnostic Services
- Home Sleep Testing
- In-Lab Testing
- Electroencephalogram
- Full Polysomnography
- CPAP/BiPAP Titration
- Multiple Sleep Latency Test (MSLT)
- Maintenance of Wakefulness Test (MWT)
- Treatment monitoring
- Obstructive Sleep Apnea
- Insomnia
- Restless Legs Syndrome
- Circadian Rhythm Sleeping Disorders
- Narcolepsy
- Rapid eye movement (REM) Sleep Disorder
End-users
- Hospitals
- Sleep Centers
- Home Care Settings
Regions
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
Key Players
- Midwest Sleep Services Inc.
- SleepMed Inc.
- SOVA Sleep Services Inc.
- Medical Service Company
- Sleep Services Australia
- Genesis SleepCare
- St. Luke’s Center of Sleep Medicine
- Total Sleep Holdings Plc.
- Carolinas Sleep Services
Competitive Landscape
Key players in the sleep testing services market include Midwest Sleep Services Inc., SleepMed Inc., SOVA Sleep Services Inc., Medical Service Company, Sleep Services Australia, Genesis SleepCare, St. Luke’s Center of Sleep Medicine, Total Sleep Holdings Plc., and Carolinas Sleep Services. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Sleep Testing Services Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sleep Testing Services Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sleep Testing Services Market - Supply Chain
4.5. Global Sleep Testing Services Market Forecast
4.5.1. Sleep Testing Services Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sleep Testing Services Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Sleep Testing Services Market Absolute $ Opportunity
5. Global Sleep Testing Services Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Sleep Testing Services Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Sleep Testing Services Demand Share Forecast, 2019-2026
6. North America Sleep Testing Services Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Sleep Testing Services Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Sleep Testing Services Demand Share Forecast, 2019-2026
7. Latin America Sleep Testing Services Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Sleep Testing Services Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Sleep Testing Services Demand Share Forecast, 2019-2026
8. Europe Sleep Testing Services Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Sleep Testing Services Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Sleep Testing Services Demand Share Forecast, 2019-2026
9. Asia Pacific Sleep Testing Services Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Sleep Testing Services Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Sleep Testing Services Demand Share Forecast, 2019-2026
10. Middle East & Africa Sleep Testing Services Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Sleep Testing Services Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Sleep Testing Services Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Sleep Testing Services Market: Market Share Analysis
11.2. Sleep Testing Services Distributors and Customers
11.3. Sleep Testing Services Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Midwest Sleep Services Inc.
11.4.2. SleepMed Inc.
11.4.3. SOVA Sleep Services Inc.
11.4.4. Medical Service Company
11.4.5. Sleep Services Australia
11.4.6. Genesis SleepCare
11.4.7. St. Luke’s Center of Sleep Medicine
Methodology
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