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

Sleep Testing Services MarketSize and Trends

Global sleep testing services market is estimated to be valued at US$ 7.91 Bn in 2023 and is expected to exhibit a CAGR of 12.1% during the forecast period (2023-2030).

Figure 1. Global Sleep Testing Services Market Share (%), By Diagnostic Type, 2023

Market- Trends

Global Sleep Testing Services Market – Driver

Increasing prevalence of sleep disorders

The increasing prevalence of sleep disorders in the U.S. including conditions like obstructive sleep apnea and insomnia, is imposing a substantial economic burden on the healthcare system. Efforts are needed to raise awareness, improve diagnostics, and expand access to therapy options to address this growing public health challenge.

A study conducted by the American Sleep Association in 2020 revealed that a significant number of adults in the U.S., estimated to be between 50 to 70 million, were affected by various sleep disorders. Specifically, approximately 25 million individuals were identified as suffering from obstructive sleep apnea.

Insurance Mandates on Home Sleep Testing Drive Growth in Global Sleep Testing Services Market

The global sleep testing services market is set to experience significant growth in the forecast period, fueled by the mandatory requirement of home sleep testing (HST) imposed by insurance service providers. A prime example is observed in the U.S., where several insurance companies now mandate the precertification of sleep testing, prioritizing the coverage of HST over the costlier polysomnography sleep testing (PSG).