Sleep Testing Services Market Global Demands

Global Market Study on Sleep Testing Services:
increasing Prevalence of Sleep Disorders
Attributes Double Digit Growth of the Sleep
Testing Services during Forecast Period 2016-2021
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Report Media Releases
Global Sleep Testing Services Market has been Estimated
to be Valued at US$ 4,135.1 Mn in 2015
Persistence Market Research (PMR) delivers key insights on the sleep services market in its
latest report titled “Global Market Study on Sleep Testing Services: Increasing Prevalence of Sleep
Disorders Attributes Double Digit Growth of the Sleep Testing Services During Forecast Period,
2015 - 2021 ”.
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The sleep testing services market is expected to be valued at US$ 8,395.7 Mn by the end of 2021,
reflecting a CAGR of 12.9% during the forecast period (2016–2021). Full polysomnography
sleep testing has strong penetration in in-lab sleep testing services owing to the reliable outcome
and diversified scope in terms of disease diagnosis. Moreover, the ready availability of
reimbursement and higher awareness level of PSG tests positively impacted the growth of full
polysomnography testing segment in 2015. Reimbursement policies are playing a vital role in
sleep disease diagnosis, and are also responsible for the commercial success of home-based
sleep testing solutions. Preference in the leading market of North America is shifting from
laboratory-based sleep testing services to home sleep testing services owing to lower cost and
easy availability of services.
An increasing number of individuals diagnosed with sleep disorders is expected to promote the
use services. In-lab sleep testing services sub-segment accounted for 69% share of the
diagnostic sleep testing services segment share in 2015. However, the segment is expected to
witness the reduction in terms of market growth owing to increase in adoption of cost-effective
and less time-consuming home sleep testing services over the forecast period.
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On the basis of service type, the sleep testing services market is segmented into diagnostic
services and treatment monitoring. Diagnostic sleep testing services are segmented into in-lab
sleep testing and home sleep testing. In-lab sleep testing services segment is further subsegmented into electroencephalogram, full polysomnography, CPAP/BiPAP Titration, multiple
Sleep Latency Test (MSLT), and maintenance of wakefulness test (MWT). Full polysomnography
Global Sleep Testing Services Market 2015-2021
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test sub-segment is expected to witness highest growth potential during the forecast period. High
revenue from this sub-segment is attributed to high cost of full PSG sleep testing. However, the
in-lab sleep testing sub-segment is anticipated to witness a significant growth in terms of
revenue, owing to transition to home sleep testing services.
By sleep disease treatment monitoring, the market is sub-segmented into Obstructive Sleep
Apnea, Insomnia, Restless Legs Syndrome, Circadian Rhythm Sleeping Disorders, Narcolepsy,
and Rapid Eye Movement (REM) sleep disorder. Obstructive Sleep Apnea the most prevalent
condition and this segment held around 49% share in 2015 and is expected to remain dominant
over the forecast period.
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On the basis of an end user, the sleep testing services market is segmented into Hospitals,
Sleep Centers, and Home Care Settings. Sleep center end users accounted for largest revenue
share in 2015 owing to strong penetration of sleep testing services across sleep clinics.
However, home care setting end user segment is projected to outperform in terms of revenue
growth during the forecast period, reflecting a CAGR of 15.7%.
On the basis of geography, the sleep testing services market is segmented into North America,
Latin America, Europe, Asia-Pacific, and the Middle East & Africa. A growth of the North America
sleep services market is driven by favorable reimbursement policies and high awareness of
sleep disease. However, there is significant variation in reimbursement policies for sleep testing
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services across European countries, which is promoting a growth of home-based sleep testing
services across the region. Large patient population, the popularity of medical tourism services
and low cost of sleep testing services are driving the growth of the Asia Pacific sleep testing
services market.
The report begins with an overview of the sleep testing services market in terms of value, and a
detailed analysis of key trends, drivers and restraints, and opportunities. Impact analysis of key
growth drivers and restraints based on the weighted average of each of these factors in a modelbased approach is included in the report. The report provides in-depth information on the
potential scope of high-end confirmatory testing kits to provide clients with crystal clear decisionmaking insights.
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research/sleep-service-providers-market.asp
Global Sleep Testing Services Market 2015-2021
geographies. These sleep service providers are competing on the basis of high-end service,
which has increased the overall prices of sleep services, especially in North America. However,
ongoing research in home sleep testing and government support to HST testing over in-lab
testing is expected to change the role and responsibility of sleep technicians in future. Some of
the key sleep clinics profiled in the report are Midwest Sleep Services Inc., SleepMed Inc., SOVA
Sleep Services Inc., Medical Service Company, Sleep Services Australia, Genesis SleepCare,
St. Luke’s Center of Sleep Medicine, Total Sleep Holdings Plc., and Carolinas Sleep Services.
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The sleep service providers are mostly competing in local markets of their respective
Global Sleep Testing Services Market 2015-2021
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Global Sleep Testing Services Market 2015-2021