Market Size in 2022 | Market Forecast in 2030 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 11 Billion | USD 15 Billion | CAGR at 5.7% | 2022 |
FrequentlyAsked Questions
Home sleep screening equipment is portable and user-friendly equipment utilized for monitoring & assessing the quality of sleep as well as sleep disorders in people.
The global home sleep screening devices market growth can be owing to people having sleep disorders suffering from headaches, insomnia, hypersomnia, and snoring and this has translated into humungous demand for home sleep screening devices.
According to a study, the global home sleep screening devices industry size was $11 billion in 2022 and is projected to reach $15 billion by the end of 2030.
The global home sleep screening devices market is anticipated to record a CAGR of nearly 5.7% from 2023 to 2030.
The Asia-Pacific home sleep screening devices industry is set to register the highest CAGR over the forecasting timeline owing to the large-scale presence of key players in countries such as India, Thailand, and China. Apart from this, the rise in the shift workers has enhanced the use of CPAP equipment, thereby driving regional industry trends.
The global home sleep screening devices market is led by players such as Garmin, SleepWorks, Koninklijke Philips N.V., Itamar Medical, Dream Sleep, Cleveland Medical Devices, ResMed, NovaSom, ApneaMed, and VirtuOx.
The home sleep screening devices market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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