Product Code: 4439
The home sleep apnea testing devices market is set to observe massive growth by 2028 due to growing adoption of sleep monitoring methods and testing devices. Additionally, rising R&D expenses on advanced technologies are also likely to fuel the market growth through the forecast timeline.
Recently, government agencies have been collaborating with public organizations to initiate public education, awareness campaigns, and training programs for clinicians, which has played a vital role in industry growth. For instance, in February 2021, the U.S. Food and Drug Administration (FDA) approved a tongue strengthening device that stimulates tongue movement and avoids sleep apnea in patients. The device works on an innovative technology that is used while the patient is awake unlike most devices that are used during sleeping hours.
Similarly, in April 2022, U.S. FDA approved a tongue stimulator sleep apnea testing device that treats sleep apnea in children with down syndrome. The device claims to automatically move the tongue and clear the air pathway by sending a signal to the hypoglossal nerve to breathe.
Furthermore, major players in the industry have been engaging in collaborations and partnerships while also focusing on various R&D activities to realize innovations in sleep monitoring devices to expand their presence in the sector, thereby propelling home sleep apnea testing devices market growth. For instance, in December 2020, ResMed, a U.S.-based manufacturer of sleep apnea testing devices, introduced a novel treatment approach for sleep apnea in patients with their new ResMed remote diagnostic technology that ensures healthy sleep movements and aids in the detection of any casualties at home.
In another instance, in February 2022, Compumedics Limited, a specialist in the diagnosis of sleeping disorders, in collaboration with Radiometer Pacific, an Australia-based manufacturer of transcutaneous monitoring systems, became the official distributor of Radiometer's TCM5 Flex transcutaneous monitor in Australia and New Zealand. The device detects hypoventilation in patients at risk of sleep-related breathing disorders.
The home sleep apnea testing devices market has been bifurcated based on test type and region. In terms of test type, the market has been further divided into type 2, type 3, and type 4. In 2021, the type 4 segment held approximately 24% market share and is primed to witness robust growth on account of soaring demand and rising awareness regarding benefits offered by type 4 home sleep apnea testing devices in the testing of multiple sleep disorders.
In the regional landscape, the Latin America home sleep apnea testing devices market was valued at more than USD 91 million in 2021 and is likely to witness notable growth between 2022 and 2028. This growth is attributable to the growing aging population and increasing awareness regarding sleep apnea and other sleep disorders in the LATAM region.
Table of Contents
Chapter 1 Methodology
- 1.1 Market definitions
- 1.2 Base estimates & working
- 1.3 Forecast calculations
- 1.4 Data validation
- 1.5 Data sources
- 1.5.1 Secondary
- 1.5.1.1 Paid sources
- 1.5.1.2 Unpaid sources
- 1.5.2 Primary
Chapter 2 Executive Summary
- 2.1 Home sleep apnea testing devices industry 360 degree synopsis, 2017 - 2028
- 2.1.1 Business trends
- 2.1.2 Test type trends
- 2.1.3 Regional Trends
Chapter 3 Home Sleep Apnea Testing Devices Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry landscape, 2017 - 2028 (USD Million)
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Growing prevalence of sleep apnea and related co-morbidities
- 3.3.1.2 Increasing awareness regarding home sleep apnea tests
- 3.3.1.3 Increasing aging population
- 3.3.1.4 Product innovation strategy adopted by key industry players
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 Clinical consequences and economic impact of sleep apnea and related sleep disorders
- 3.3.2.2 Stringent regulations
- 3.4 Growth potential analysis
- 3.5 COVID-19 impact analysis
- 3.6 Regulatory landscape
- 3.7 Reimbursement scenario
- 3.8 Technological landscape
- 3.9 Porter's analysis
- 3.10 Competitive landscape, 2021
- 3.10.1 Company matrix analysis, 2021
- 3.11 PESTEL analysis
Chapter 4 Home Sleep Apnea Testing Devices Market, By Test Type
- 4.1 Key segment trends
- 4.2 Type 2
- 4.2.1 Market size, by region, 2017 - 2028 (USD Million)
- 4.3 Type 3
- 4.3.1 Market size, by region, 2017 - 2028 (USD Million)
- 4.4 Type 4
- 4.4.1 Market size, by region, 2017 - 2028 (USD Million)
Chapter 5 Home Sleep Apnea Testing Devices Market, By Region
- 5.1 Key regional trends
- 5.2 North America
- 5.2.1 Market size, by country, 2017 - 2028 (USD Million)
- 5.2.2 Market size, by test type, 2017 - 2028 (USD Million)
- 5.2.3 U.S.
- 5.2.3.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.2.4 Canada
- 5.2.4.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.3 Europe
- 5.3.1 Market size, by country, 2017 - 2028 (USD Million)
- 5.3.2 Market size, by test type, 2017 - 2028 (USD Million)
- 5.3.3 Germany
- 5.3.3.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.3.4 UK
- 5.3.4.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.3.5 France
- 5.3.5.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.3.6 Italy
- 5.3.6.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.3.7 Spain
- 5.3.7.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.4 Asia Pacific
- 5.4.1 Market size, by country, 2017 - 2028 (USD Million)
- 5.4.2 Market size, by test type, 2017 - 2028 (USD Million)
- 5.4.3 China
- 5.4.3.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.4.4 Japan
- 5.4.4.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.4.5 India
- 5.4.5.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.4.6 Australia
- 5.4.6.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.4.7 South Korea
- 5.4.7.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.5 Latin America
- 5.5.1 Market size, by country, 2017 - 2028 (USD Million)
- 5.5.2 Market size, by test type, 2017 - 2028 (USD Million)
- 5.5.3 Brazil
- 5.5.3.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.5.4 Mexico
- 5.5.4.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.5.5 Argentina
- 5.5.5.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.6 Middle East & Africa
- 5.6.1 Market size, by country, 2017 - 2028 (USD Million)
- 5.6.2 Market size, by test type, 2017 - 2028 (USD Million)
- 5.6.3 South Africa
- 5.6.3.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.6.4 Saudi Arabia
- 5.6.4.1 Market size, by test type, 2017 - 2028 (USD Million)
- 5.6.5 UAE
- 5.6.5.1 Market size, by test type, 2017 - 2028 (USD Million)
Chapter 6 Company Profiles
- 6.1 Competitive dashboard, 2021
- 6.2 Compumedics Limited
- 6.2.1 Business overview
- 6.2.2 Financial data
- 6.2.3 Product landscape
- 6.2.4 Strategic outlook
- 6.2.5 SWOT analysis
- 6.3 Cadwell Laboratories Inc.
- 6.3.1 Business overview
- 6.3.2 Financial data
- 6.3.3 Product landscape
- 6.3.4 Strategic outlook
- 6.3.5 SWOT analysis
- 6.4 CleveMed
- 6.4.1 Business overview
- 6.4.2 Financial data
- 6.4.3 Product landscape
- 6.4.4 Strategic outlook
- 6.4.5 SWOT analysis
- 6.5 Contec Medical Systems
- 6.5.1 Business overview
- 6.5.2 Financial data
- 6.5.3 Product landscape
- 6.5.4 Strategic outlook
- 6.5.5 SWOT analysis
- 6.6 Itamar Medical Inc.
- 6.6.1 Business overview
- 6.6.2 Financial data
- 6.6.3 Product landscape
- 6.6.4 Strategic outlook
- 6.6.5 SWOT analysis
- 6.7 Koninklijke Philips N.V.
- 6.7.1 Business overview
- 6.7.2 Financial data
- 6.7.3 Product landscape
- 6.7.4 Strategic outlook
- 6.7.5 SWOT analysis
- 6.8 Natus Medical Inc.
- 6.8.1 Business overview
- 6.8.2 Financial data
- 6.8.3 Product landscape
- 6.8.4 Strategic outlook
- 6.8.5 SWOT analysis
- 6.9 Neurosoft
- 6.9.1 Business overview
- 6.9.2 Financial data
- 6.9.3 Product landscape
- 6.9.4 Strategic outlook
- 6.9.5 SWOT analysis
- 6.10 NeuroVirtual/SleepVirtual
- 6.10.1 Business overview
- 6.10.2 Financial data
- 6.10.3 Product landscape
- 6.10.4 Strategic outlook
- 6.10.5 SWOT analysis
- 6.11 Nihon Kohden Corporation
- 6.11.1 Business overview
- 6.11.2 Financial data
- 6.11.3 Product landscape
- 6.11.4 Strategic outlook
- 6.11.5 SWOT analysis
- 6.12 Nox Medical
- 6.12.1 Business overview
- 6.12.2 Financial data
- 6.12.3 Product landscape
- 6.12.4 Strategic outlook
- 6.12.5 SWOT analysis
- 6.13 Resmed
- 6.13.1 Business overview
- 6.13.2 Financial data
- 6.13.3 Product landscape
- 6.13.4 Strategic outlook
- 6.13.5 SWOT analysis
- 6.14 SleepMed
- 6.14.1 Business overview
- 6.14.2 Financial data
- 6.14.3 Product landscape
- 6.14.4 Strategic outlook
- 6.14.5 SWOT analysis
- 6.15 SOMNOmedics GmbH
- 6.15.1 Business overview
- 6.15.2 Financial data
- 6.15.3 Product landscape
- 6.15.4 Strategic outlook
- 6.15.5 SWOT analysis