Sleep Diagnostic Devices Market Report 2024 (Global Edition)

Global Sleep Diagnostic Devices Market Report 2024 Market Size Split by Type Outlook: (Full Attended PSG, Portable Unattended PSG, Four Channel HST, Three Channel HST), by Application Outlook: (Home C...

Sleep Diagnostic Devices Market Report Description

We have various report editions of Sleep Diagnostic Devices Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Sleep Diagnostic Devices Market Insights Video

Competitive Landscape of the Sleep Diagnostic Devices Market

The sleep diagnostic devices market is highly competitive, with several established players driving innovation and expanding their product portfolios to meet growing demand. Key companies in this space include Philips Healthcare, ResMed, Medtronic, and Natus Medical, which offer a range of diagnostic equipment such as polysomnography systems, portable monitors, and home sleep testing devices. These companies are investing heavily in research and development to enhance the accuracy, portability, and affordability of their products.

In June 2024, ResMed (US) launched Airfit f40, an ultra-compact, full-face mask offering the comfort of smaller masks to improve sleep apnea therapy compliance. (Source: https://www.resmed.com/en-us/sleep-apnea/cpap-parts-support/sleep-apnea-full-products-list/cpap-masks/airfit-f40/) In November 2022, ResMed (US) opened its new 25,000-square-meter advanced manufacturing center in Tuas, Singapore, to serve as ResMed's key manufacturing hub in the Asia Pacific. (Source: https://newsroom.resmed.com/news-releases/news-details/2022/ResMed-Opens-Manufacturing-Centre-in-Singapore-Expanding-Manufacturing-Footprint-to-Support-Growth-Development-and-Production-of-Digital-Health-Solutions/default.aspx)

Top Companies Market Share in Sleep Diagnostic Devices Industry: (In no particular order of Rank)

• Dream Sleep
• NovaSom
• VirtuOx
• Koninklijke Philips
• SleepWorks
• Itamar Medical (ZOLL Medical)
• ApneaMed
• Garmin
• ResMed
• Cleveland Medical Devices
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Sleep Diagnostic Devices Market

Which Region Dominates the Sleep Diagnostic Devices Market in 2024?

According to Cognitive Market Research, North America dominates the Sleep Diagnostic Devices market due to several factors. The region has a high prevalence of sleep disorders such as sleep apnea, driven by lifestyle factors, obesity, and aging populations. Advanced healthcare infrastructure and high healthcare expenditure enable greater access to diagnostic technologies. Additionally, the presence of key market players and significant investments in research and development further enhance the availability of innovative sleep diagnostic devices.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region in the Sleep Diagnostic Devices market due to increasing awareness of sleep disorders, rising healthcare infrastructure, and expanding disposable incomes. The region’s large population, coupled with a growing middle class, has led to higher demand for sleep disorder diagnostics. Additionally, the prevalence of conditions like sleep apnea, driven by lifestyle changes and urbanization, is rising.

The current report Scope analyzes Sleep Diagnostic Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Sleep Diagnostic Devices

According to Cognitive Market Research, the global Sleep Diagnostic Devices market size was estimated at USD 6615.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2646.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Sleep Diagnostic Devices market with a market size of USD 2087.85million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. The U.S. market's increasing awareness of sleep disorders and advancements in diagnostic technology.
• The Canada Sleep Diagnostic Devices market had a market share of USD 317.54million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Canada’s increasing awareness of sleep disorders and advancements in diagnostic technology.
• The Mexico Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 240.80 million in 2024.

Europe Sleep Diagnostic Devices

According to Cognitive Market Research, the global Sleep Diagnostic Devices market size was estimated at USD 6615.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1984.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

• The United Kingdom Sleep Diagnostic Devices market had a market share of USD 333.42million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. In the UK, Sleep Diagnostic Devices sales witness an upswing due to the increasing public awareness of sleep disorders and the adoption of innovative diagnostic technologies.
• The France Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 5.5%during the forecast period, with a market size of USD 182.59million in 2024.
• According to Cognitive Market Research, the German Sleep Diagnostic Devices market size was valued at USD 392.96million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. In Germany, Sleep Diagnostic Devices surged due to the increasing public awareness of sleep disorders and the adoption of innovative diagnostic technologies.
• The Italy Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 5.7%during the forecast period, with a market size of USD 170.68million in 2024.
• The Russia Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 5.3%during the forecast period, with a market size of USD 307.62million in 2024.
• The Spain Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 162.74million in 2024
• The Luxembourg Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 6.4%during the forecast period, with a market size of USD 61.52 million in 2024.
• The Portugal Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 41.68million in 2024.
• The Greece Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 6.6%during the forecast period, with a market size of USD 23.82 million in 2024.
• The Rest of Europe's Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 307.62 million in 2024.

Asia Pacific Sleep Diagnostic Devices

According to Cognitive Market Research, the global Sleep Diagnostic Devices market size was estimated at USD 6615.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1521.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Sleep Diagnostic Devices market size was valued at USD 684.70 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. Sleep Diagnostic Devices surged in China due to rising prevalence of sleep disorders, urban lifestyle shifts, and increasing healthcare investments.
• The Japan Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 209.98 million in 2024.
• The India Sleep Diagnostic Devices market had a market share of USD 182.59million in 2024 and is projected to grow at a CAGR of 11.6% during the forecast period. India's rising prevalence of sleep disorders, urban lifestyle shifts, and increasing healthcare investments.
• The South Korean Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 152.16 million in 2024.
• The Australian Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 79.12 million in 2024.
• The South East Asia Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 104.99 million in 2024.
• The Rest of Asia Pacific Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 9.6% during the forecast period, with a market size of USD 108.03 million in 2024.

South America Sleep Diagnostic Devices

According to Cognitive Market Research, the global Sleep Diagnostic Devices market size was estimated at USD 6615.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 330.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Sleep Diagnostic Devices market size was valued at USD 141.57million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. Sleep Diagnostic Devices flourished in Brazil due to increasing awareness of sleep disorders and expanding healthcare infrastructure.
• Argentina's Sleep Diagnostic Devices market had a market share of USD 55.57 million in 2024 and is projected to grow at a CAGR of 8.1% during the forecast period. Argentina's increasing awareness of sleep disorders and expanding healthcare infrastructure.
• Colombia Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 29.44 million in 2024.
• Peru Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 27.12 million in 2024.
• Chile Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 6.3%during the forecast period, with a market size of USD 23.82million in 2024.
• The Rest of Latin America's Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 53.25 million in 2024.

Middle East and Africa Sleep Diagnostic Devices

According to Cognitive Market Research, the global Sleep Diagnostic Devices market size was estimated at USD 6615.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 132.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031..

• The GCC Countries Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 56.63million in 2024. Sleep Diagnostic Devices sales flourish due to the increasing awareness of sleep health and rising rates of lifestyle-related sleep disorders.
• The Egypt Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 13.89million in 2024.
• The South Africa Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 20.90 million in 2024. Sleep Diagnostic Devices sales flourished in South Africa due to increasing awareness of sleep health and rising rates of lifestyle-related sleep disorders.
• The Turkey Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 11.38 million in 2024.
• The Nigeria Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 13.89 million in 2024.
• The Rest of the MEA Sleep Diagnostic Devices market is projected to witness growth at a CAGR of 6.5%during the forecast period, with a market size of USD 15.61million in 2024.

Sleep Diagnostic Devices Market Analysis

How are Segments Performing in the Global Sleep Diagnostic Devices Market?

Sleep Diagnostic Devices Market Type Segment Analysis

According to Cognitive Market Research, Full Attended Polysomnography (PSG) is the dominant segment in the sleep diagnostic devices market due to its comprehensive nature. This method involves monitoring a wide range of physiological parameters, including brain activity, eye movement, and muscle tone. Its ability to provide accurate, reliable, and detailed sleep data makes it the preferred choice for diagnosing complex sleep disorders like sleep apnea, insomnia, and narcolepsy. The precision and clinical value it offers ensure its continued market leadership.

Portable Unattended PSG is the fastest-growing segment, driven by increasing demand for at-home sleep studies and advancements in technology. These devices are user-friendly, cost-effective, and provide patients with the convenience of conducting sleep tests in the comfort of their own homes. The growing preference for home-based care, coupled with the rise in sleep disorder prevalence, is fueling the adoption of portable PSG devices, contributing to their rapid market growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Sleep Diagnostic Devices Industry. Request a Free Sample PDF!

Sleep Diagnostic Devices Market Application Segment Analysis

According to Cognitive Market Research, the Sleep Laboratories hold the dominant position in the sleep diagnostic devices market due to their advanced infrastructure and specialized equipment for conducting polysomnography (PSG) and other diagnostic tests. These facilities offer a controlled environment for thorough diagnosis, making them the preferred choice for patients with complex sleep disorders.

The Home Care segment is the fastest-growing, driven by increasing patient preference for at-home sleep studies and advancements in portable diagnostic devices. With growing awareness about sleep disorders and the need for convenient, cost-effective solutions, home care settings have gained traction.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

LinkedIn

Profile

Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion