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The sleep study equipment market size has experienced significant growth in recent years, projected to increase from $4.46 billion in 2023 to $4.78 billion in 2024, at a compound annual growth rate (CAGR) of 7.3%. This growth in the historical period can be attributed to factors such as an aging population, rising obesity rates, home healthcare trends, the growth of e-commerce, and increasing stress levels. Looking ahead, the sleep study equipment market size is expected to see continued strong growth, reaching $6.36 billion in 2028 at a CAGR of 7.4%. The anticipated growth in the forecast period can be linked to heightened investment in sleep research, the expansion of telehealth services, advancements in wearable sleep technology, an increased focus on mental health, and global health initiatives. Key trends expected in the forecast period include the emergence of startups, the development of non-invasive devices, the expansion of insurance coverage, partnerships and collaborations, and the integration of artificial intelligence (AI).

The high prevalence of sleep disorders is expected to boost the growth of the sleep study equipment market in the future. Sleep disorders refer to conditions that disrupt the ability to maintain quality sleep, affecting its quantity, quality, or timing, which can lead to excessive daytime sleepiness. The increase in sleep disorders is largely attributed to socioeconomic stress, lifestyle changes, and an aging population. Sleep study equipment is essential for diagnosing and managing sleep disorders, as it monitors sleep patterns and physiological data to identify issues and customize treatments. For instance, in May 2023, a survey by SleepFoundation.org, a US-based non-profit organization dedicated to sleep health information, revealed that between 50 million and 70 million people suffer from persistent sleep disorders, with an increase attributed to post-traumatic stress disorder (PTSD). Additionally, 70% of adults are affected by seasonal affective disorder (SAD). Therefore, the high prevalence of sleep disorders is driving the growth of the sleep study equipment market.

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What Are The Key Trends That Influence Sleep Study Equipment Market Share Analysis?

Major companies in the sleep study equipment market are dedicated to developing advanced solutions, such as AI-enabled sleep scoring platforms, to enhance diagnostic accuracy, optimize treatment plans, and improve patient outcomes. The integration of artificial intelligence (AI) into sleep study equipment involves embedding sophisticated AI technologies into devices and systems used for monitoring and analyzing sleep patterns. For example, in August 2023, Neurobit Inc., a US-based health analytics company, launched Neurobit PSG, an AI-powered sleep scoring platform aimed at transforming sleep analysis for healthcare providers, researchers, sleep labs, and enterprises. This software delivers precise and efficient sleep scoring through advanced AI algorithms, assisting researchers and healthcare professionals in streamlining their workflows while securely storing patient sleep data within the sleep lab’s internal system to ensure high levels of data protection.

Which Market Players Are Driving Growth In The Sleep Study Equipment Market?

Major companies operating in the sleep study equipment market are Apple Inc., Samsung Electronics Co. Ltd., Xiaomi Corporation, Becton Dickinson and Company, Koninklijke Philips N.V., ResMed Inc., Nihon Kohden Corporation, Fitbit Inc., Fisher & Paykel Healthcare Limited, Loewenstein Medical Inc., DeVilbiss Healthcare LLC, Natus Medical Incorporated, SleepMed Inc., Nox Health Group, Compumedics Limited, NovaSom Inc., Oventus Medical Limited, Responsive Surface Technology Inc., Braebon Medical Corporation, Apex Medical Inc.

How Is The Global Sleep Study Equipment Market Segmented?

The sleep study equipment market covered in this report is segmented –

1) By Type: Sleep Monitors, Masks And Interfaces, Sensors And Accessories, Smart Beds And Pillows, Other Types
2) By Application: Online Sales, Offline Sales
3) By End User: Hospitals, Sleep Centers, Home Care Settings, Other End Users

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The Sleep Study Equipment Global Market Report 2024 provides an overview of the sleep study equipmentmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sleep study equipment market forecast analyzes sleep study equipment market size, sleep study equipment market share, leading competitor and their market positions.

The Table Of Content For The Sleep Study Equipment Market Include

1. Sleep Study Equipment Market Executive Summary
2. Sleep Study Equipment Market Segments
3. Sleep Study Equipment Market Size And Template Market Growth Rate
4.  Key Sleep Study Equipment Market Trends
5. Major Sleep Study Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Sleep Study Equipment Market
26. Top Sleep Study Equipment Companies
27. Sleep Study Equipment Market Opportunities And Strategies
28. Sleep Study Equipment Market, Conclusions And Recommendations
29. Appendix

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