Overview and Scope
Sleep testing services refers to a non-invasive, overnight examination that is performed in a sleep lab during the normal sleeping hours to document the physical and mental activity that takes place when a person is sleeping to identify and treat sleep problems. Sleep testing services are used to diagnose sleep disorders and record brain waves, the oxygen level in the blood, heart rate, and breathing during sleep.
Sizing and Forecast
The sleep testing services market size has grown strongly in recent years. It will grow from $7.06 billion in 2023 to $7.67 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increased awareness of sleep disorders, rise in incidence of sleep apnea, obesity epidemic, increased stress and lifestyle changes, insurance coverage expansion.
The sleep testing services market size is expected to see strong growth in the next few years. It will grow to $10.85 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to growing emphasis on mental health, development of home sleep testing devices, increasing cases of insomnia, employer wellness programs, patient education and advocacy. Major trends in the forecast period include integration of wearable technology, telemedicine and remote sleep consultations, advanced sleep monitoring devices, collaborations with healthcare providers, research on sleep-related comorbidities.
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Segmentation & Regional Insights
The sleep testing services market covered in this report is segmented –
1) By Diagnostic Type: Home Sleep Testing, In-Lab Sleep Testing
2) By Application: Obstructive Sleep Apnea, Insomnia, Rapid Eye Movement (REM) Sleep Disorder, Restless Legs Syndrome, Narcolepsy, Circadian Rhythm Sleeping Disorders
3) By End-User: Sleep Centers, Hospitals, Home Care Settings
North America was the largest region in the sleep testing services market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the sleep testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increase in the number of patients suffering from sleep disorders is expected to boost the growth of the sleep testing services market going forward. Sleep disorders, also known as sleep-wake disorders, refer to difficulties with the type, quantity, and timing of sleep such as obstructive sleep apnea, parasomnias, narcolepsy, and restless leg syndrome that frequently co-occur with physical ailments or other mental health issues like anxiety, depression, or cognitive disorders. Sleep testing services are used to treat people suffering from obstructive sleep apnea by sharing patient information for the improvement of disease management and recommending a number of treatment approaches for patients. For instance, in May 2023, according to SleepFoundation.org, a US-based non-profit charitable organization providing sleep health information and in-depth product testing, 50 million to 70 million people are suffering from ongoing sleep disorders, which have increased due to post-traumatic stress disorder (PTSD), while 70% of adults suffer from seasonal affective disorder (SAD). Insomnia that interferes with daily activities affects 9% to 15% of the adult US population. Therefore, the increase in the number of patients suffering from sleep disorders is driving the growth of the sleep testing services market.
Key Industry Players
Major companies operating in the sleep testing services market report are ResMed Inc., Invacare Corporation, Natus Medical Incorporated, Marshall Medical Center, SleepMed Incorporated, Medical Service Company, CareCentrix Inc, Medbridge Healthcare LLC, Sleep Services Australia, Midwest Sleep Services Inc., Koala Centers For Sleep & TMJ Disorders, Sleep Dynamics, Advara HeartCare, St. Luke’s Sleep Medicine and Research Center, SOVA Sleep Services Inc., Total Sleep Solutions (Opc) Private Limited (TSSPL), Atrium Health Group LLC, HomeSleep LLC, SleepWorks LLC, Respitech HealthCare, Healthy Sleep Solutions, Sleep Data Holdings LLC, Sleep Solutions Inc, ApneaMed, BetterNight, UAB Medicine Sleep/Wake Disorders Center, Sleepwell Diagnostics, Snore Australia Pty Ltd.
The sleep testing services market report table of contents includes:
1. Executive Summary
2. Sleep Testing Services Market Characteristics
3. Sleep Testing Services Market Trends And Strategies
4. Sleep Testing Services Market – Macro Economic Scenario
5. Global Sleep Testing Services Market Size and Growth
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32. Global Sleep Testing Services Market Competitive Benchmarking
33. Global Sleep Testing Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sleep Testing Services Market
35. Sleep Testing Services Market Future Outlook and Potential Analysis
36. Appendix
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