Portland, OR, March 07, 2019 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Sleep Apnea Diagnostics Market by Product (Polysomnography (PSG) Device, Actigraphy System, Respiratory Polygraph, Sleep Apnea Screening Device, and Oximeter) and End User (Hospitals & Sleep Laboratories and Home Care Settings): Global Opportunity Analysis and Industry Forecast, 2018 – 2025.” According to the report, the global sleep apnea diagnostics market was estimated at $99 million by 2017 and is expected to garner $168 million by 2015, growing at a CAGR of 6.8% from 2018 to 2025.
Growth Drivers and Industry Trends
Rise in prevalence of obesity across the globe, increase in number of employees working in shifts as well as under stressful work conditions and technological advancements in sleep apnea diagnostic devices have driven the growth of the market. On the other hand, high cost associated with the sleep apnea diagnostic devices and lack of awareness among patients regarding sleep apnea have happened to restrain the growth to some extent. Nevertheless, emerging markets in developing economies have created a number of opportunities in the sector.
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The report states an all-inclusive analysis of market dynamics, market scope, market size, top investment pockets, and key market trends. Based on product, polysomnography device (PSG) accounted for one-third of the total market in 2017 and is expected to maintain its dominance throughout the forecast period. By end-user, hospitals & sleep laboratories contributed to more than three-fifths of the total market and is expected to retain its leadership status by 2025. By region, North-America accounted for nearly half of the total market share in 2017, registering a CAGR of 5.9% from 2018-2025.
Industry Key Players
The report offers quite a few key market players including Koninklijke Philips N.V., DeVilbiss Healthcare LLC., Medtronic plc, Smiths Medical, Mindray, Cadwell Laboratories Inc., Natus Medical Incorporated, SomnoMedics, Nihon Kohden Corporation, and Resmed.
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