According to “The Insight Partners” latest research study on “The global Sleep Apnea Diagnostics Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product and End User,” the market is projected to reach US$ 685.66 million by 2028 from US$ 473.95 million in 2021; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report highlights trends prevailing in the market and the factors governing the market growth.
Sleep apnea is a common type of sleep disorder that occurs when an individual is having trouble breathing during sleep, wherein breathing repeatedly stops and restarts. Sleep apnea devices are primarily provided as diagnostic and therapeutic devices to treat obstructive, central, and complex sleep apnea syndromes. Continuous positive airway pressure systems is a widely recommended device to treat obstructive sleep apnea.
Based on End User, the sleep apnea diagnostics market has been segmented into hospitals and sleep laboratories, and home care settings. The hospitals and sleep laboratories segment is expected to hold a larger share of the market in 2021, whereas the home care settings segment is expected to register a higher CAGR during the forecast period. Hospitals are well equipped and specialized than sleep centers, where the sleep studies are organized. Several of them are associated sleep labs, which are accredited centers. Hospitals follow the standards of the American Academy of Sleep Centers. The patient flow is more in the hospitals, which makes spreading awareness among them easy. The hospitals also support reimbursement processes. Sleep centers provide well-equipped and standardized treatments to the patients. On the other hand, sleep laboratories operate individually or in collaboration with hospitals for their own business profits.
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The report segments global sleep apnea diagnostics market as follows:
The sleep apnea diagnostics market is segmented on the basis of product and end user. Based on product, the market is further segmented into polysomnography (PSG) device, home sleep testing devices, oximeter, actigraphy monitoring device, and sleep apnea screening device. The oximeter segment is subsegmented into fingertip oximeter, handheld oximeter, wrist-worn oximeter, and tabletop oximeter. The sleep apnea diagnostics market, by end user, has been segmented into hospitals and sleep laboratories, and home care settings.
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