Polysomnography Devices Market Size to grow by USD 189.9 million between 2024-2028
According to a research report “ Polysomnography Devices Market” by Application (Hospitals, Sleep clinics and diagnostic laboratories, ASCs, Homecare) Type (Ambulatory polysomnography devices, Clinical polysomnography devices) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 189.9 million, at a CAGR of 6.79% during the forecast period. In the business context, favorable reimbursement and coverage for polysomnography devices can significantly boost the adoption rate of diagnostic testing for sleep disorders. The Centers for Medicare and Medicaid Services (CMS) stipulate that specific criteria must be met for reimbursement of polysomnography devices. For instance, individuals undergoing evaluation for Obstructive Sleep Apnea (OSA) require attended full-channel nocturnal polysomnography when: 1. Previous Home Sleep Apnea Tests (HSAT) results are negative, technically inadequate, or indeterminate. 2. The patient is a child or adolescent, i.e., under 18 years old. 3. The patient has one or more comorbid medical conditions that prohibit HSAT use, such as chronic pulmonary disease, progressive neurodegenerative disorders/neuromuscular diseases, moderate-to-severe heart failure, a Body Mass Index (BMI) greater than 50, Obesity Hypoventilation Syndrome (OHS), and documented ongoing epileptic seizures accompanied by sleep disorder symptoms. Adhering to these guidelines ensures that medical professionals can provide accurate diagnoses and effective treatment plans for their patients, ultimately improving patient outcomes and overall healthcare efficiency.
Browse market data tables, figures, and in-depth TOC on “Polysomnography Devices Market” by Application (Hospitals, Sleep clinics and diagnostic laboratories, ASCs, Homecare) Type (Ambulatory polysomnography devices, Clinical polysomnography devices) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample
By Application, the Hospitals segment is projected to dominate the market size in 2024
In the global polysomnography devices market, hospitals represent the largest end-user segment. This includes smaller hospitals and government-funded general hospitals. Smaller hospitals, with their technologically advanced devices such as digital polysomnography systems, cater to an affluent demographic. Regular equipment upgrades are essential to maintain high-quality patient care. Leasing advanced polysomnography devices offers a cost-effective solution for smaller hospitals. Government-funded hospitals, however, face budgetary constraints and rely on medium-sized diagnostic centers for diagnosis. Both segments prioritize access to technologically superior devices to ensure accurate patient care.
By Type, Ambulatory polysomnography devices segment is expected to hold the largest market size for the year 2024
In the healthcare industry, hospital-based polysomnography facilities play a pivotal role in diagnosing and treating sleep disorders. These facilities, also known as hospital sleep labs or clinics, are typically located within hospital campuses and offer specialized diagnostic services for patients with sleep issues. Hospital-based polysomnography provides several advantages over home-based testing, including access to specialized technicians and advanced equipment, which can be crucial in emergency situations. Hospital sleep centers are equipped to manage patients with complex medical conditions, such as obstructive respiratory issues, cardiac problems, or obesity, making them the preferred choice for comprehensive sleep disorder diagnosis and treatment.
North America is forecasted to hold the largest market size by region in 2024
The Polysomnography Devices Market refers to the industry that manufactures and supplies equipment used for diagnosing and monitoring sleep disorders. These devices record various physiological parameters during sleep, including brain activity, eye movements, heart rate, and breathing patterns. Market growth is driven by rising prevalence of sleep disorders, increasing awareness, and technological advancements. Companies in this sector prioritize innovation to meet evolving customer needs and regulatory requirements.
The Polysomnography Devices Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The Polysomnography Devices Market encompasses a range of diagnostic tools and monitoring solutions used for Sleep Apnea Testing and Sleep Disorders Analysis. These devices include Sleep Apnea Machines and Monitors, Respiratory Monitoring Devices, EEG Machines, and PSG (Polysomnography) Devices. Sleep Apnea Machines and Monitors help diagnose and treat sleep apnea, while Respiratory Monitoring Devices assess respiratory function during sleep. EEG Machines analyze brain activity for sleep pattern analysis. PSG Devices, also known as Sleep Lab Equipment, provide comprehensive sleep studies by monitoring various physiological parameters during sleep. These diagnostic tools play a crucial role in identifying and managing sleep disorders, making them essential components of the Polysomnography Devices Market. The market for these devices is expected to grow significantly due to the increasing prevalence of sleep disorders and the rising awareness of their impact on overall health.
Market Research Overview
The Polysomnography Devices Market encompasses a range of tools and technologies used for Sleep Apnea Assessment, Sleep Disorder Testing, and Sleep Disorders Analysis. These devices include Sleep Monitoring Solutions, Sleep Study Monitors, Sleep Analysis Tools, and Respiratory Monitoring Devices. PSG Devices, also known as Polysomnography machines, are essential diagnostic tools used in Sleep Labs for Sleep Study Technology and Sleep Study Solutions. They provide comprehensive Sleep Quality Assessment through the analysis of various physiological parameters such as EEG, ECG, and respiratory effort during sleep. These devices play a crucial role in Sleep Apnea Diagnosis, enabling the identification of Sleep Apnea Machines and Sleep Apnea Monitors for effective Sleep Apnea Treatments. The Polysomnography Devices Market continues to evolve with advancements in Sleep Monitoring Technology, offering more accurate and non-invasive solutions for Sleep Study Equipment and Diagnostic Tools.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
