About Home Sleep Screening Devices
Home sleep screening devices are electronic devices used to monitor the regularity of sleep. Home sleep screening devices track sleep habits and help make important decisions for a healthy sleep cycle and lifestyle. Home sleep screening devices connect to the body. A sensor is attached to the body in the form of a device that tracks the sleep cycle and sleep patterns. Home sleep screening devices available in the market include wristbands, wristbands, and sleep tracking mats. These tests provide home comfort. Home sleep screening devices also record and provide a lot of information such as nasal flow, oxygen saturation, and snoring. In addition, these devices are easy to use and beneficial for the elderly and patients with chronic diseases. The home sleep screening equipment reduces transportation costs, which are likely to affect patients. They can be used for personal use or to monitor the sleep of infants. These can be audio or video devices that record sleep and the frequency of breaks at the same time. This solves the problem of physical presence required to monitor people and provides accurate data on depth and duration of sleep. Sleep screening is required for a variety of medical conditions, the most common being sleep apnea. This condition involves a continual interruption of breathing that leads to insomnia. Difficulty breathing from improper sleeping posture and excessive stress can lead to sleep apnea. A variety of chronic diseases are also involved in this disease process. Diabetes is a major disease that leads to sleep apnea. Therefore, any diabetic patient who has symptoms of incomplete sleep must be monitored for sleep irregularities. Chronic diseases are increasing with the average age worldwide, and people's lifestyles are driving them to develop such diseases.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.5% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Home Sleep Screening Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke Philips (Netherlands), Fitbit (United States), Garmin Ltd. (Switzerland), Huawei (China), Nyxoah SA (Belgium), ResMed (United States), Dreams Systems (United States), Cleveland Medical Devices (United States), NovaSom (United States), Itamar Medical (Israel) and Ez Sleep (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ApneaMed (United States), SleepWorks (United States) and VirtuOx (United States).
Segmentation Overview
AMA Research has segmented the market of Global Home Sleep Screening Devices market by Type (Therapeutic Devices and Diagnostic Devices), Application (Insomnia, Sleep Apnea, Narcolepsy, Sleep Deprivation, Circadian Rhythm Disorders and Others) and Region.
On the basis of geography, the market of Home Sleep Screening Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Home Sleep Screening Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Sleep Monitors will boost the Home Sleep Screening Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in the Trend of Wearable Devices Due To Ease of Use Flexibility, Capability and Convenience, Availability of Advanced Devices
Market Growth Drivers:
The Rising Popularity of Operating Sleep Tracker as a Lifestyle Accessory, The Rise in Incidences of Sleep Disorders, Rising Adoption of Home Sleep Screening Devices and The Increase in Concerns Regarding the Anxiety about Sleep Disorders among People
Challenges:
Lack of Awareness in Under Developed Regions
Restraints:
High Cost Associated With Home Sleep Screening Devices
Opportunities:
The Offered Convenience and Ease of Use and Product Innovations Extend Profitable Opportunities and The Technological Development of Devices That Assist In Tracking and Recording Deep and Light Sleep, Monitoring Of Heart, Hours Slept, Sleep Cycle, and Breathing Rate
Market Leaders and their expansionary development strategies
In October 2022, ResMed, a leading manufacturer of sleep apnea devices, announced the acquisition of Propeller Health, a digital health company specializing in chronic respiratory disease management. Propeller Health offered a home sleep screening solution alongside their other respiratory disease management products. This acquisition could be seen as a strategic move by ResMed to expand their product portfolio and enter the home sleep screening market more prominently.
In May 2023, Acurable will launch its AcuPebble device for obstructive sleep apnea diagnosis in the United States this summer after recently securing a new US Food and Drug Administration (FDA) clearance.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Home Sleep Screening Devices, Suppliers and Distributors of Home Sleep Screening Devices, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.