Surge in the number of people suffering from sleep related disorders could propel the home sleep apnea testing devices market size.
Surge in the number of people suffering from sleep related disorders could propel the home sleep apnea testing devices market size. According to the WHO, the prevalence of sleep apnea has grown ten times from about 100 million in 2007 to almost 1 billion in 2019, globally.
Obstructive sleep apnea is the partial or complete collapse of the airway, causing reduced oxygen saturation and sleep disruption. Earlier, obstructive sleep apnea could only be diagnosed by in-laboratory polysomnography sleep study, but now with home sleep apnea tests, patient convenience and comfort has increased. These home tests also cost quite less compared to the in-laboratory ones, which is another key facto expected support industry growth.
Several firms operating in this niche are working on new product development. For example, in 2020, key market player, Nox Medical announced the launch of the Nox T3s, its latest, advanced home sleep testing device featuring the innovative Nox BodySleep analysis in order to enhance patient experience. With such innovations, Global Market Insights, Inc., suggests that the home sleep apnea testing devices market is projected to surpass USD 1.4 billion by 2025.
Mentioned below are some of the key trends that may propel home sleep apnea testing devices market outlook:
- Canada emerging as a lucrative business ground
Canada home sleep apnea testing devices market is anticipated to record over 19% CAGR over the forecast period owing to increasing incidence of obstructive sleep apnea and large number of undiagnosed patient population.
As per recent studies, over 5.5 million Canadian adults currently are either suffering or are at a high risk of developing sleep apnea in the future. Additionally, approximately 80% of sleep apnea patients are found to be undiagnosed till date.
- Growing adoption of non-wired home sleep apnea testing devices
Non-wired devices are cost-effective, easy to use and comfortable to wear in any sleep position during a night sleep study. They also have advanced built-in biosensors which enhance patient comfort. The non-wired home sleep apnea testing devices market is likely to record a CAGR of 14.5% in the upcoming years on account of the several advantages of these device.
To access sample pages of this report titled, “Home Sleep Apnea Testing Devices Market Size By Portability (Portable Devices, Stationary Devices), By Structure (Wired Devices, Non-wired Devices), By Device Type (Type 1, Type 2, Type 3, Type 4), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
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- Increasing demand for portable testing devices
In 2018, the portable home sleep apnea testing devices industry accounted for the maximum share of more than 80% and is expected to rise further owing to surge in demand for portable testing devices which provide improved diagnostic performance, satisfaction and reliability to both healthcare professionals and patients.
Portable devices have multiple benefits including less time, easy preparation or handling before and after patient use, and minimum cleaning. They also generate fully digitalized reports within a few minutes, leading to improved treatment turnaround and better workflow efficiency.
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