Sleep Testing Services Market Research Report – Forecast till 2030

Sleep Testing Services Market Research Report: by Diagnostic Services (Home Sleep Testing, In-Lab Sleep Testing), by Treatment Monitoring Services (Obstructive Sleep Apnea, Insomnia, Narcolepsy, Others), by End User (Hospitals, Other) - Forecast Till 2030

ID: MRFR/HC/5808-HCR | September 2022 | Region: Global | 90 Pages         

Sleep Testing Services Market

Sleep Testing Services Market held a valuation of USD 585.10 million and is projected to grow at a CAGR of 13% over the forecast period

Segmentation

By Diagnostic Services Home Sleep Testing In Lab Testing Electroencephalogram Full Polysomnography Cpap/Bi Pap Titration Multiple Sleep Latency Test (Mslt) Maintenance Of Wakefulness Test (Mwt)
By Treatment Monitoring Obstructive Sleep Apnea Insomnia Restless Legs Syndrome Circadian Rhythm Sleeping Disorders Narcolepsy Rapid Eye Movement (Rem) Sleep Disorder
By End-User Hospitals Sleep Centers Home Care Settings

Key Players

  • 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.
  • Carolinas Sleep Services

Drivers

  • Increasing prevalence of sleep disorders
  • Private insurance service providers
  • Heavy adoption of the services by people
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Sleep Testing Services Market Overview:


Sleep testing services market held a valuation of USD 5.9 billion in 2017 and is projected to grow at a CAGR of 13% over the forecast period 2022-2030. The Sleep Testing services were conducted all over the world in either lab services or home clinics during the nighttime. The nighttime is preferred by the technicians to potentially observe the habits and routine of the patient. The sleep apnea test involves several sensors to monitor eye movement, breathing rate, airflow, oxygen level, and heart rate. The EEG is utilized in the procedure to record the brain waves of the patient. The increasing prevalence of Narcolepsy, unexplained chronic insomnia is significantly impacting the overall growth of the Market.


The medications are generally not prescribed to patients, they were first introduced to Cognitive Behavioral Therapy for insomnia and other sleeping disorders. Since quality sleep has a strong influence upon the overall health of the individual, the rising awareness to acquire treatment for sleeping disorders has increased the Sleep Testing Services market demand.


COVID 19 Analysis:


The widespread of COVID has significantly affected several health care sectors and clinics. The priority was given to the COVID patients and the treatment for patients affected by COVID infection. A significant population was affected by a condition called Coronasomnia. The stress caused by the widespread of COVID has led a huge population to suffer from the new form of insomnia. The loss of loved ones due to COVID, fear of getting infected, loneliness, economic hardships, and several other factors have introduced a new form of insomnia to the medical sector. A recent report from the American Academy of Sleep Medicine has stated that there were over 2.27 million people who searched treatments for insomnia in Google, during only the last 5 months of the pandemic. Such factors have further propelled the Sleep Testing Services market demand in recent years.


Market dynamics:


Market drivers:


Growing incidences of sleep disorders due to unhealthy diet, habits, irregular work schedules, entertainment are considered as the major driving factors for the Sleep Testing Services market growth. 


Increasing awareness about the availability of various therapies and treatments for insomnia, and other sleep disorders has increased the overall growth of the Sleep Testing Services Market in recent years. The increasing government initiatives and online assessment tasks post by governmental organizations have propelled the public to acquire treatment for sleep disorders.


Market opportunities:


The HST test solutions were considered to be effective among other sleep testing services. Such factors have aided the public to grow a positive impact over the Sleep Testing Services; hence they have increasingly accepted the services than before. Moreover, the emerging techniques in recent times, strategies obtained to treat sleep disorders are expected to boost the overall growth of the Sleep Testing Services Market.


Increasing reimbursement policies in several countries and the introduction of health care schemes such as Medicare and Medicaid in the United States have projected the overall growth of the sleeping test services market growth to a healthier condition. On the other hand, the availability of the services at an affordable price and easy accessibility has further fueled the overall growth of the Sleeping Testing Services industry.


Market restraints:


The prolonged wait time for acquiring sleep services is considered to the primary hindering factor because the wait time in countries like Canada is recorded over 175% longer, a patient had to wait up to 8.7 weeks to get the treatment, this has hindered the overall growth of Sleep Testing Services Market. The burden associated with insomnia and other sleep disorders was to be considered while treating such patients. Such factors have reduced the efficiency of treating patients with Insomnia.


Lack of awareness in developing and underdeveloped countries also imposes significant growth hindering factors over the Sleep Testing Services Market. 


Market challenges:


Establishing a decent societal value of the treatment is considered the primary challenge in the Market.


Failing to improve proper clinical understanding about the patients’ insomniac condition and other sleep disorders was considered as the challenge for the overall growth of the Sleep Testing Services Market.


Cumulative growth analysis:


The increasing number of sleep disorders across the globe and increasing acceptance of sleep disorder services are presenting lucrative opportunities for the overall growth of the Sleep Testing Services Market. The varied sleep disorders such as periodic limb movement during sleep, sleep apnea, narcolepsy, chronic insomnia, and other conditions can be effectively diagnosed with Polysomnography. The diagnosis/test is conducted during the night, to observe the heart rate, brain waves, oxygen levels were monitored during tests. The blockage in the upper airflow is called Obstructive sleep apnea (OSA) where the brain does not function properly or commands to send signals to breathe. Such condition is largely prevalent in several countries, however, they remain undiagnosed, over 90% of OSA patients have not been diagnosed for their condition. Such reports have propelled governmental organizations to increase awareness about the subject.


Value chain analysis:


The health complications of various diseases include Insomnia, nearly 70 million Americans are suffering from Insomnia, over which 30% were diagnosed with short-term insomnia, and 10% were diagnosed with a long-term condition. Insomnia is widely known to affect the overall health of the individual. Hence the treatment and services related to sleep disorders, insomnia, sleep apnea, and others were given proper priority in the health sector. Generally, like any other treatment, a discussion with the medical professional will require information about the patient. Their habits and routines are tracked down, changing the routine was considered primarily. Habits such as consumption of beverages, alcohol, caffeine, life stress, physical pain, snoring, and other related information were gathered.


The Prevalence of CPAP and BiPAP in the market, and the growing acceptance of this type of treatment among a huge population have bolstered the overall growth of Sleep Testing Services. The portability of the CPAP machines has enabled the patients to carry them when they travel. On the other hand, the costs incurred in the Bi-PAP machine and the static usage of the Bi-PAP machine have significantly reduced the demand for the device. The additional sensors attached to the BiPAP machine have restricted the portability of the device. The tool to measure the time lapse between the various periods of naps is considered to analyze the condition of the patient. Urinary screening, questionnaires, recording brain waves were also considered to diagnose the patients’ condition. Such varied availability of diagnosing methods and increasing awareness in several countries has propelled the overall growth of the Sleep Testing Services Market. 


Segment overview:


Based on Diagnostic Services:



  • Home Sleep Testing

  • In-Lab Testing

  • Electroencephalogram

  • Full Polysomnography

  • CPAP/BiPAP Titration

  • Multiple Sleep Latency Test (MSLT)

  • Maintenance of Wakefulness Test (MWT)


Based on Treatment monitoring:



  • Obstructive Sleep Apnea

  • Insomnia

  • Restless Legs Syndrome

  • Circadian Rhythm Sleeping Disorders

  • Narcolepsy

  • Rapid eye movement (REM) sleep disorder


Based on end-user:



  • Hospitals

  • Sleep Centers

  • Home Care Settings


Regional analysis:


Currently, Europe is witnessing steady growth in the Sleep Testing Services Market. The affordable range of services in European countries is stimulating the overall growth of the Market. The increasing initiatives in the region are also showcasing a significant impact on the growth of the Sleep Testing Services Market. The European Sleep Research Society is intensively providing suitable guidelines and clinical recommendations for Insomnia and other sleep disorders. On the other hand, The Grading of Recommendations Assessment, Development, and Evaluation are providing recommendations and grading the evidence provided the patients, they are found to be effective in reaching out to the target audience.


The Sleep Test Services are found to be costlier in the countries like United States, Australia. The Sleep test services are considered premium health services and are expected to experience a slight decline owing to the rising costs involved in the Sleep Testing Services. However, the Sleep Testing Services market demand is expected to grow in the Americas, due to the increasing sleep disorder cases in the region. A recent study conducted by the American Academy of Sleep Medicine has stated that about 70 million adults were suffering from insomnia in 2021.


Competitive landscape:



  • 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.

  • Carolinas Sleep Services.


Recent developments:


A leading market player, MedCall, has recently announced a novel device in treating sleep apnea. The device is designed to be secured in the finger and the device is expected to change the way of diagnosis for the condition. The firm had recently joined hands with Ectosense to craft the new device for sleep disorders.


A recent study found that combining antidepressants and antispasmodic drugs are producing effective results in treating people with sleep apnea. The study has discovered that the combination of reboxetine and butyl bromide was extremely effective in treating sleep disorders.


Report overview:


This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent development



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2017: USD 5.9 Billion
  • 2027: Significant Value
  •   CAGR   13%
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Diagnostic services, Treatment monitoring services and End user
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Luke's, Medical Service Company, Midwest Sleep Diagnostics Inc., Sleep Services Australia, Total Sleep Holdings Inc., GenesisCare, Carolinas Sleep Services, SleepMed, SOVA Sleep Services, SleepWorks LLC, HomeSleep LLC
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers

  • Increasing prevalence of sleep disorders
  • Private insurance service providers
  • Heavy adoption of the services by people


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    Frequently Asked Questions (FAQ) :

    Sleep Testing Services Market is projected to grow at a 13% CAGR between 2022-2030.

    Americas are expected to have a major share in the Sleep Testing Services Market.

    Notable players profiled in the Sleep Testing Services Market include HomeSleep, LLC, SleepWorks, LLC, SOVA Sleep Services, SleepMed, Carolinas Sleep Services, GenesisCare, Total Sleep Holdings, Inc., Sleep Services Australia, Midwest Sleep Diagnostics, Inc., Medical Service Company, and St. Luke's.

    Technical advances in Sleep Testing Services, growing awareness about sleep testing services, and increasing incidence of sleep disorders are driving market growth.

    High cost of services may restrict market growth.