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How Will the Growth Rate of the Sleep Testing Services Market Shape Industry Trends by 2034?

The sleep testing services market has witnessed steady growth in recent years. It is forecasted to expand from $7.72 billion in 2024 to $8.36 billion in 2025, at a CAGR of 8.4%. Growth in the past can be attributed to increasing awareness of sleep disorders, a rise in sleep apnea cases, the obesity epidemic, lifestyle changes contributing to stress, and broader insurance coverage.

The sleep testing services market is forecasted to grow significantly, reaching $12.18 billion by 2029 at a CAGR of 9.8%. Growth drivers include increased focus on mental health, the rise of home sleep testing devices, a surge in insomnia cases, employer wellness initiatives, and greater patient education. Notable trends include the integration of wearable sleep-tracking technology, telemedicine for remote consultations, advancements in sleep monitoring devices, collaborations with healthcare providers, and research on sleep-related comorbidities.

What Drivers Are Shaping the Growth of the Market?

An increase in sleep disorder patients is expected to boost the growth of the sleep testing services market moving forward. Sleep disorders, also known as sleep-wake disorders, involve difficulties with sleep quality, duration, and timing, including conditions like obstructive sleep apnea, parasomnias, narcolepsy, and restless leg syndrome, which often coincide with physical ailments or mental health issues like anxiety, depression, or cognitive disorders. Sleep testing services help treat individuals with obstructive sleep apnea by sharing patient information for improved disease management and recommending various treatment methods. For example, in May 2023, SleepFoundation.org, a US-based non-profit organization focused on sleep health and product testing, reported that 50 to 70 million people are affected by ongoing sleep disorders, exacerbated by post-traumatic stress disorder (PTSD), while 70% of adults experience seasonal affective disorder (SAD). Insomnia that disrupts daily activities affects 9% to 15% of the adult U.S. population. Thus, the increasing number of sleep disorder patients is driving the growth of the sleep testing services market.

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Who Are the Key Market Players Influencing the Growth of the Sleep Testing Services Industry?

Major companies operating in the sleep testing services market include:

• ResMed Inc._x000D_

• Natus Medical Incorporated_x000D_

• Marshall Medical Center_x000D_

• SleepMed Incorporated_x000D_

• Medical Service Company_x000D_

What Key Market Trends Are Shaping the Future of the Sleep Testing Services Industry?

Innovation in new products is a significant trend gaining traction in the sleep testing services market. Leading companies in this market are continuously developing enhanced products and incorporating advanced features to maintain their competitive edge. For example, in May 2023, Acurable, a UK-based wearable medical device company, introduced AcuPebble SA100 in the US. This device is designed for diagnosing obstructive sleep apnea (OSA), aiming to streamline home-based sleep apnea testing, ensuring early detection, faster treatment, and improved disease management.

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Which Key Segments of the Sleep Testing Services Market Are Poised for Growth and Innovation?

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

Subsegments:

1) By Home Sleep Testing: Portable Monitors, Oximetry Testing, Full-Body Sleep Monitors

2) By In-Lab Sleep Testing: Polysomnography (PSG), Multiple Sleep Latency Test (MSLT), Maintenance Of Wakefulness Test (MWT)

Which Regions Are Emerging as Leaders in the Sleep Testing Services Market?

North America was the largest region in the sleep testing services market in 2024. 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.

What Are the Defining Features of the Sleep Testing Services Market?

Sleep testing services refer to a non-invasive, overnight examination that is performed in a sleep lab during 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.

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