Surging Cases of Insomnia and Sleep Apnea to Accelerate Actigraphy Sensors Sales: Fact.MR

Poor and hectic lifestyle has increased the sleeping disorder cases exponentially in the working population across the globe, bolstering the demand for actigraphy sensors products

Fact.MR,: Award winning market research company Fact.MR is conducting an ongoing research study on the global actigraphy sensors market. As per its analysis, a positive growth outlook is expected for 2021, attributed to the rising prevalence of sleep disorders across the globe. Growth prospects for the upcoming decade are also optimistic, registering a noteworthy expansion rate until 2028.

According to the study, there has been a significant improvement in health awareness, assessment and expenditure with the rapid growth in economy. Following the outbreak of COVID-19, coupled with the rising diagnosis of sleep apnea, narcolepsy and insomnia, there has been a positive impact on actigraphy sensors growth. Expansion of healthcare structure and increase in number of patients with sleep disorder is aiding the sales.

For instance, according to the Centre for Disease Control and Prevention, in 2020, there has been an increase of 14% in the cases of sleep disorder with diseases such as sleep walking, night terrors in U.S., which prompted the manufacturers to invest heavily in research of advanced technology in the actigraphy sensors products. Hence, fostering the sales.

“New entrants are capitalizing on potential opportunities by incorporating the usage of artificial intelligence to create new growth opportunities in the upcoming years,” says the Fact.MR analyst.

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Key Takeaways

• Based on indication, insomnia is anticipated to gain popularity through 2021
• Rising cases of insomnia and sleep apnea in U.S. to spearhead the North America growth
• Europe expected to emerge as a lucrative market, followed by Asia Pacific
• Rising cases of Narcolepsy in U.S. expected to accelerate actigraphy sensors sales
• By product type, actigraphy watch is anticipated to prevail over other domains

Prominent Drivers

• Rising prevalence of sleep disorders among corporate population to bolster the growth of actigraphy sensors
• Adaption of new technology to penetrate the actigraphy market, to foster the sales
• Innovations like actigraphy sensor watch and other advancement to create new growth opportunities for manufacturers
• Ongoing development and research in the field of sleep disorder diseases to boost the demand  

Key Restraints

• Less awareness about sleeping disorders and poor lifestyle restraining the growth of the market
• High cost production to put a slight restrain on the manufacturers, hampering the sales

Discover more about the actigraphy sensors market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/connectus/sample?flag=S&rep_id=2274

Competitive Landscape

Philips Respironics, Aetna, and Activinsights are some of the key players profiled by Fact.MR. Key players are adopting numerous organic and inorganic strategies such as product innovation, collaborations, M&A’s, to strengthen their position in the market.

Recently, in March 2021, Philips Respironics reveals COVID-19’s a negative impact on sleep quality and CPAP use, which prompted them to increase the manufacturing of actigraphy watch devices to survey the sleep routine of their customers.

More Insights on the Actigraphy sensors Market

Fact.MR offers an unbiased analysis on the global actigraphy sensors market. The report divulges essential insights on actigraphy sensors market on the basis of product (watch and fitbit), indication (sleep apnea, insomnia, narcolepsy, restless leg syndrome, rapid eye movement behavior disorder, delayed sleep phase syndrome, and sleepwalking), application (sleep medicine, sleep disorder, circadian rhythm disorder, and daytime activity research), and regions (North America, Latin America, Europe, Japan, APEJ, and Middle East and Africa)

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Source: Fact.MR