SLEEP TESTING SERVICES MARKET ANALYSIS

Sleep Testing Services Market By Diagnostic Test Type (Home sleep testing and in- lab sleep testing (Electroencephalogram, Full Polysomnography, CPAP/BiPAP Titration, Multiple Sleep Latency Test (MSLT),Maintenance of Wakefulness Test)), By Application (Obstructive Sleep Apnea, Insomnia, Restless Legs Syndrome, Circadian Rhythm Sleeping Disorders, Narcolepsy, and Rapid Eye Movement (REM) Sleep Disorder), By End user (Hospitals, sleep centers, Homecare settings), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -

Published In : Jun 2023
Code : CMI3764
Pages :238
Formats :
Excel and PDF
Industry : Clinical Diagnostic

Market Challenges And Opportunities

Global Sleep Testing Services Market- Restraints

Reduction in Physician Fees and Medicare Spending Impact Sleep Testing Services Market

The reduction in physician fees during the reimbursement process has impacted the sleep testing services market. As Medicare spending faces instability in the U.S., healthcare providers offering sleep services are experiencing lower reimbursements, which creates financial challenges and may affect the availability and accessibility of these services for patients.

High Cost of In-Lab Sleep Testing Limits Market Growth, Home Testing Gains Popularity

The high cost of in-lab sleep testing has become a limitation for the growth of the sleep testing services market. In the U.S., where the average cost of full polysomnography ranges from US$ 3,500 to US$ 5,000, the affordability factor has led to a decline in the adoption of in-lab testing services. Instead, patients are opting for the more cost-effective option of home sleep testing, priced at around US$ 500 to US$ 800, thereby impacting the demand for in-lab sleep testing services.