Global Home Sleep Screening Devices Market, By Product (Sleep Monitors, Wearables, Non-wearables, Smart Sleep Equipment), Application (Insomnia, Sleep Apnea, Narcolepsy, Sleep Deprivation, Circadian Rhythm Disorders, Others), Distribution Channel (Online, Pharmacy, Retail Stores, Hypermarkets and Supermarkets, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights ; Global Home Sleep Screening Devices Market
The home sleep screening devices market is expected to witness market growth at a rate of 7.43% in the forecast period of 2021 to 2028 and is expected to reach USD 4,729.58 billion by 2028. Data Bridge Market Research report on home sleep screening devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rising popularity of operating sleep tracker as a lifestyle accessory is escalating the growth of home sleep screening devices market.
Home sleep screening devices refer to small portable devices that are utilized to assess patients with sleep disorders and are validated against laboratory devices due to their accurate results. These devices help in track sleeping habits and determining important decisions for healthy sleep cycle and lifestyle. These gadgets are connected to the body and in-built sensors track the sleep cycle and patterns. These sleep screening devices are available in various forms such as wristbands, hand bands and sleep tracking mats. These devices are provided at home convenience and provide information including nasal flow, oxygen saturation and snoring. These are easy to use and beneficial to elderly people and individuals with chronic illness.
The rise in incidences of sleep disorders such as parasomnia, snoring, sleep apnea and several breathing disorders related to sleeping and sleep deprivation among people who are shift workers across the globe act as the major factors driving the home sleep screening devices market. The technological advancements in technology, development of devices that assist in tracking and recording deep and light sleep, monitoring of heart, hours slept, sleep cycle and breathing rate and the convenience accelerate the home sleep screening devices market growth. The insurance coverage of the devices, rise in demand for home sleep screening devices and increasing number of diagnosis and treatment of sleeping disorders influence the home sleep screening devices market. Additionally, rising adoption of home sleep screening devices, increase in the trend of wearable devices due to ease of use, flexibility, capability and convenience, availability of advanced devices and features of the devices such as accurate, efficient and better in specificity and sensitivity positively affect the home sleep screening devices market. Furthermore, the offered convenience and ease of use and product innovations extend profitable opportunities to the home sleep screening devices market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with home sleep screening devices is expected to obstruct the home sleep screening devices market growth. The increase in concerns regarding the anxiety about sleep disorders among people caused by the devices about sleep disorders are projected to challenge the home sleep screening devices market in the forecast period of 2021 to 2028.
This home sleep screening devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on home sleep screening devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Home Sleep Screening Devices Market Scope and Market Size
The home sleep screening devices market is segmented on the basis of product, application and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the home sleep screening devices market is segmented into sleep monitors, wearables, non-wearables and smart sleep equipment.
- On the basis of application, the home sleep screening devices market is segmented into insomnia, sleep apnea, narcolepsy, sleep deprivation, circadian rhythm disorders and others.
- On the basis of distribution channel, the home sleep screening devices market is segmented into online, pharmacy, retail stores, hypermarkets and supermarkets and others.
Global Home Sleep Screening Devices Market Country Level Analysis
The home sleep screening devices market is analyzed and market size, volume information is provided by country, product, application and distribution channel as referenced above.
The countries covered in the global home sleep screening devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the home sleep screening devices market because of the severe regulations for patient care and safety, lower cost and increasing demand of the products in the region. Asia-Pacific is expected to witness the fastest growth during the forecast period of 2021 to 2028 because of the change in the lifestyle, job shifts and factors such as stress, growth in awareness regarding health and initiatives by the governments in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Home Sleep Screening Devices Market Share Analysis
The home sleep screening devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to home sleep screening devices market.
The major players covered in the home sleep screening devices market report are Koninklijke Philips N.V., Garmin Ltd., ResMed, WebMD LLC, Cleveland Medical Devices Inc., NovaSom, Itamar Medical Ltd, Sleepez USA Inc, ApneaMed, SleepWorks, LLC, VirtuOx, Inc., Withings, CONTEC MEDICAL SYSTEMS CO.,LTD, Advanced Brain Monitoring, Inc., Apple Inc., Sunbeam Products, Inc., Viatom Technology Co., Ltd., MD Biomedical Inc., Air Liquide Medical Systems, Singa Technology Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.
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