Polysomnography Devices Market Trends

Growth Drivers

Rising Burden of Sleep Disorders in Patients with Chronic Obstructive Pulmonary Disease (COPD) - Sleep disturbances such as respiratory effort-related arousals (RERAs), central sleep apnea, obstructive sleep apnea, sleep-related hypoventilation, and hypoxemia during sleep are commonly linked to chronic pulmonary illnesses which may result in nighttime awakenings due to symptoms including heartburn, coughing, wheezing, dyspnea, and nasal congestion. For instance, it has been estimated that between 30% and 80% of COPD patients report having sleep disturbances. Particularly, in COPD patients, the prevalence of obstructive sleep apnea, and sleeplessness was around 29%, and 29%, respectively.
Growing Sleep Disorders in the Geriatric Population- Approximately half of those over 55 struggle to fall asleep since the aging process alters sleeping habits, anxiety levels, and numerous other factors. For instance, chronic sleep disorders are thought to affect over 45% of older persons.
Increasing Prevalence of Obesity- Obese people are more likely to experience sleeping problems. Particularly, over 15% of obese people have sleep apnea, as compared to around 2% of people with normal weight.

Challenges

Lack of Awareness About Sleep Disorders- Sleep deprivation negatively affects both mental and physical health and can eventually result in several health problems and mental health issues. However, the public, medical professionals, and authorities, in general, are not aware of the issue that sleepy drivers present since the majority of individuals are ignorant of how much sleep they require, and how detrimental sleep deprivation is to their health. Therefore, global emphasis on awareness, research, and focused public health policies are required to promote sleep health, and sleep should be included in health screenings similar to those aimed at quitting smoking and reducing excessive alcohol consumption.
Shortage of Medical Laboratory Technologies and Specialists Resulting in Delays in Conducting Polysomnography Tests
Limited Accessibility to Sleep Diagnostic Technologies in Low Economic Areas.

Polysomnography Devices Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	~5%
Base Year Market Size (2023)	~ USD 300 Million
Forecast Year Market Size (2036)	~ USD 530 Million
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

Lack of sleep prevalence across the globe and the growing awareness about sleep disorders are the major factors driving the growth of the market.

The market size of polysomnography devices is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are BMC Medical, CleveMed, Recorders & Medicare Systems, Medicom MTD, Compumedics, Dr. Langer Medical, Neurovirtual, Shanghai NCC Medica, Contec Medical Systems, CleveMed, SOMNOmedics GmbH, Cidelec, and others.

The fixed segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Polysomnography Devices Market Trends